Though the automobile market has become big enough for manufacturers to step up domestic production, industry policies remain unencouraging. With 300,000 cars sold in 2020, Vietnam has surpassed the Philippines to become the fourth largest automobile market in the region, according to AAF (ASEAN Automotive Federation). Thailand led the region with 792,146 cars sold in […]
Read MoreThe Hanoitimes – The fact that nearly 19,800 enterprises temporarily suspended operation in the first two months of 2021, up 60.5% year-on-year, has also contributed to a decline in tax revenue. Vietnam’s tax revenue in the first two months of 2021 is estimated at VND246.4 trillion (US$10.7 billion), representing a decline of 1.4% year-on-year. Upon breaking […]
Read MoreThe Hanoitimes – Vietnam, however, remained the third highest ranking among low-middle income countries in the index, staying behind the Philippines [16th] and Indonesia [17th]. Vietnam slipped to 25th from its previous 18th out of 58 economies in last year’s Mastercard Index of Women Entrepreneurs (MIWE), which analyzes on how women in business are progressing globally. […]
Read MoreThe Hanoitimes – Vietnam is currently home to 100 Swiss firms with a combined investment capital of nearly US$2 billion, including major names such as Nestle, Novatis, Roche, Holcim, and ABB. Given the country’s positive progress in global economic integration, Vietnam holds potential to become new destination for global investors. Vietnamese Ambassador to Switzerland Le Linh […]
Read MoreThe long process of project approval from competent government agencies and the serious impact of COVID-19 have helped mergers and acquisitions in real estate sector become more active. A recent report released by VNDirect Securities Corporation stated that mergers and acquisitions (M&A) deals, especially in transferring part of large-scale real estate projects, were considered one […]
Read MoreInnovation in Vietnam’s e-commerce industry this year will focus primarily on payments, logistics, and digital technology. In 2020, major online shopping platforms in Vietnam added games and livestream services. Tran Tuan Anh, managing director at Shopee Vietnam, said during the time of social distancing, Vietnamese consumers began to switch to online platforms for both essential […]
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Thailand
