The Hanoitimes – Vietnam`s trade turnover in the first eight months of 2018 stood at US$312.13 billion, up 14.5% or US$39.6 billion year-on-year. Vietnam’s trade surplus reached an all-time monthly high of US$2.2 billion in August, resulting in a trade surplus of US$4.69 billion in the first eight months this year, according to the General Department […]
Read MoreThe Hanoitimes – E-commerce sales are forecast to reach US$10 billion by 2020, accounting for 5% of total retail and services revenue, while 30% of the population will shop online, spending an average of US$350 per person annually. Vietnam’s e-commerce market has witnessed high growth rate since 2013, with online sales increasing from US$2.2 billion in […]
Read MoreThe Hanoitimes – Although each e-wallet app has its own development strategy and market segment, most of them do not possess an ecosystem and a large network of points of sale (POS). With over 20 e-wallet apps on the market currently, the competition for users has become fiercer, VietnamFinance reported. As of March, the State Bank […]
Read MoreThe Hanoitimes – Remittances contribute significantly to supporting the country`s economic development, increasing its foreign exchange reserves and balancing its current account. Vietnam is amongst the top ten countries, second in ASEAN after the Philippines, in terms of receiving remittance flows in the world, with the volume being around 2.5% total global remittances in 2017, according […]
Read MoreThe Hanoitimes – Policies on attracting investment in the country’s oil exploration should be streamlined to make the industry more attractive, especially when the country is facing a rapid exhaustion of main oil discoveries, experts recommended. According to Nguyen Vu Truong Son, general director of Vietnam National Oil and Gas Group (PVN), the current mechanism of […]
Read MoreSiam Piwat Co, the operator of Siam Center, plans to branch out into Vietnam over the next 3-5 years to capitalise on the country’s growing economy. Vietnam is an attractive market for Siam Piwat because the government is stable, the economy continues to grow and there are few big shopping complexes like the ones Siam Piwat […]
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