After long expectations, EU businesses now have unprecedented market access to Vietnam’s inland shipping services, which heralds a great deal more competition as well as mounting pressure on the local seaport infrastructure. International container shipping company Maersk Line, the largest subsidiary of Danish business conglomerate Maersk Group, can now expand their business activities in the […]
Read MoreThe Government’s relief and credit packages are now vital to help HCM City travel firms survive the coronavirus crisis, a top official in the city Department of Tourism has said. The domestic tourism sector, which had only recently started to recover, has suffered another setback with the return of coronavirus, Nguyen Thi Anh Hoa, the department’s […]
Read MoreVietnam may break a 10-year trend by not increasing regional minimum wages for private businesses in 2021 to help ease the financial burden on those ailing from the pandemic. With nine of the 13 members voting in favour, the National Wage Council will propose the government not to increase the regional minimum wage in 2021, […]
Read MoreThe EU-Vietnam Free Trade Agreement (EVFTA), negotiated between the European Union and Vietnam to boost trade and investment between the two regions, is a significant economic milestone for Vietnam. Having come into effect on August 1 this year, the trade agreement will make substantial cuts to tariffs between the two trading partners, and will ultimately eliminate 99 per […]
Read MoreThe Hanoitimes – By the end of 2019, Vietnam’s public debt had significantly dropped to 55% of GDP from 63.7% in 2016. Vietnam could afford widening public debt by additional 2 – 3 percentage points of GDP to mitigate negative Covid-19 economic impacts, as the ratio of public debt to GDP in this case would still […]
Read MoreIn late July, news that 15 Japanese companies received support from their Government to move to Vietnam from China became a hot topic in the media. According to the Japan External Trade Organisation (Jetro), they were among more than 80 firms whose moving out of China will be subsidised under a Japanese Government scheme. It said this […]
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