The shift toward e-commerce due to the COVID-19 pandemic has brought challenges to Vietnam’s retail property market, according to Savills Vietnam. “COVID-19 has posed serious challenges within the real estate market, in particular for retailers. The market has witnessed many businesses having to foreclose or reduce operations to remain afloat,” Tu Thi Hong An, director, […]
Read MoreVietnam’s consumer price index (CPI) in May was up 0.16 percent agaisnt April and 2.9 percent from last year, reported the General Statistics Office (GSO) on May 29. Compared to April, increases were seen in the prices of eight out of 11 main groups of goods and services, with transport taking the lead (0.76 percent) […]
Read MoreAccording to the State Bank of Vietnam, by 2020, 70% of adults in Vietnam had a bank account, but nearly half of them did not have access to credit. The Vietnam Bank for Agricultre and Rural Development (Agribank) said that more than 70% of the population is concentrated in rural areas, but access to modern […]
Read MoreRecently, the interbank interest rates suddenly jumped, causing many people to worry whether bank lending rates will increase in the coming time while the business and production activities have been facing many difficulties due to Covid-19. However, it is recorded that many banks still keep lending interest rates at the “supportive” level for people and […]
Read MorePresident Rodrigo Duterte has decided to lower the most favored nation (MFN) tariff on rice imports to 35%, opening up opportunities for Vietnam, one of the major exporters of rice to the Philippines, to stabilize its rice supply for this country. According to Vietnam’s Ministry of Industry and Trade (MoIT), this move will help the […]
Read MoreHANOI: Vietnam will suspend the import of live pigs from Thailand following the discovery of African swine fever in a batch of imported hogs this month, the government said in a statement on Friday. The move aimed to prevent the disease spreading to the domestic pig herd, the statement said, adding that the suspension will […]
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