Vietnam is forecast to lead the fastest growing ASEAN economies in 2022, according to a recent report of the International Monetary Fund (IMF). In its World Economic Outlook released earlier this week, IMF predicted Vietnam’s 2022 economic growth at 7.2 percent, followed by the Philippines (6.5 percent), and Malaysia and Cambodia (both 6 percent). Cambodia […]
Read MoreThe proposal will hurt the interest of consumers and eliminate competition in the aviation industry. The recent proposal of the national flag carrier to set floor prices for air tickets will affect the tourism industry which is struggling to recover, local experts said. In Vietnam Airlines’ proposal to the Civil Aviation Authority of Vietnam (CAAV), […]
Read MoreRural consumers are increasingly shop online, with 46 per cent of internet users engaged in online shopping activities. This was revealed in an annual report on consumer behaviour, consumption of media, brand usage and awareness of consumers in rural and suburban areas of Việt Nam, which was produced by Facebook and GroupM Việt Nam. Rural and suburban […]
Read MoreVietnam has for the first time released a list of sectors which foreign investors are restricted or banned from accessing. The list was issued along with Government Decree No 31/2021/ND-CP dated March 26, 2021. The list specifies 25 business lines prohibited for foreign investors, including trading in goods and services subject to State monopoly; press […]
Read MoreThe first three months of the year have witnessed more local businesses beef up their mergers and acquisitions efforts in order to scale up operations. In January, seafood processing company Vinh Hoan Corporation scooped up 51.29 per cent stake in Sa Giang Import Export Corporation. The company spent nearly $15.2 million buying 3.56 million shares […]
Read MoreLand prices unexpectedly escalated after Tet holiday, though Vietnam is still struggling with Covid-19 and people have had to tighten their purse strings during the pandemic. Land prices in Hanoi skyrocketed following the news that the municipal authorities are planning to release the Red River subdivision plan in June. In Dong Anh suburban district, the […]
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