Vietnamese have turned the tables to become dominant in the retail market, while many foreign giants have had to leave. Lotte decided to shut down Lotte Mart Dong Da on July 1 in a move which is part of an adjusted development strategy on expanding its network nationwide. Inaugurated in March 2014, Lotte Mart Dong […]
Read MoreVietnam’s merchandise trade balance in the first half of the year resulted in a trade deficit. Last year, it had a trade surplus for the same period. The Ministry of Investment and Trade (MOIT) report on the industry and trade development showed an estimated excess of imports over exports of $1 billion in June. As […]
Read MoreWhile people are staying at home to curb the spread of the pandemic, last-mile delivery shippers work hard to provide essentials and food to consumers. However, shippers are becoming overwhelmed by rising orders and the high risk of coronavirus infection. Vietnam’s e-commerce sector was growing even before the pandemic hit. Now, with lockdowns and social distancing […]
Read MoreThe prices of domestically assembled automobiles are expected to go down once the luxury tax policy is amended. Strategic small-capacity and fuel saving models will be given priority. A number of agencies, enterprises and voters have sent documents to the Government and Ministry of Finance (MOF), asking to design preferential policies to develop certain strategic […]
Read MoreFarmers in the northern province of Hai Duong have earned revenue of VND1,600 billion in the lychee season this year, the highest ever. Farmers in Bac Giang province are now in the last days of the lychee season, with earnings from this specialty fruit at nearly VND7,000 billion. This year, with an output of nearly […]
Read MoreThe Asian Development Bank (ADB) has approved a 4.6 million USD technical assistance to help the Vietnamese Government to strengthen public-private partnership (PPP), private sector development, and state-owned enterprise (SOE) reform. The technical assistance will provide policy advice, assist in infrastructure project preparation, and strengthen institutional capacity to enhance sustainable economic growth. The financing includes […]
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