Businesses are doing their best to manage the challenges and look for some opportunities from free trade agreements and COVID-19. Amidst the global recession caused by COVID-19, Vietnam continues to show signs of growth, with the World Bank’s latest report projecting Vietnam’s GDP to grow by 2.8 per cent this year if the global situation gradually […]
Read MoreMore foreign participation is forecast in Vietnam’s construction market over the coming years, buoyed by the gradual opening up of the Vietnamese economy to foreign investors and the Government’s emphasis on infrastructure development. The information was included in a recent report by Fitch Solutions on the outlook for Vietnam’s construction and infrastructure sector. According to […]
Read MoreThe ongoing global health crisis has left the Vietnamese coffee export industry in the lurch due to continued falls in price. According to the Ministry of Agriculture and Rural Development’s Department for Agricultural Products Processing and Market Development (DAPP), coffee exports in July witnessed an on-year decrease in both price (0.1 per cent) and volume […]
Read MorePort fees in Vietnam are by far lower than regional countries, which causes the country to lose $1 billion a year from revenue sources. Pham Quoc Long, deputy chair of the Vietnam Ship Agents and Brokers Association (Visaba), said on Dien Dan Doanh Nghiep that the loading and unloading fees are different in the northern, […]
Read MoreThe Hanoitimes – Core inflation rose 2.66% year-on-year in the first eight months of 2020. Vietnam’s consumer price index (CPI), the main gauge of inflation, in August increased 0.07% against the previous month, but dipped 0.12% versus the end of 2019, both at the weakest levels in the 2016 – 2020 period, according to the General […]
Read MoreThe Hanoitimes – As of August 15, budget revenue collection reached VND812.2 trillion (US$35.04 billion), equivalent to 53.7% of the year’s estimate. Vietnam recorded a state budget deficit of VND106 trillion (US$4.57 billion) in the year to August 15, further widening from a deficit of VND101.1 trillion (US$4.37 billion) recorded a month earlier, according to the […]
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