According to the Vietnam Automobile Manufacturers Association (VAMA), in November, 38,656 cars were sold, up 30% compared to the previous month and 6% over the same period of last year. Of this, there were 27,764 tourist cars, an increase of 40%; 10,280 commercial cars and 612 special-use cars, up by 8% and 39% over the […]
Read MoreBusinesses continue to pin their hopes on the swift recovery of Vietnam’s economy, with foreign ones in particular cautiously optimistic about their prospects in the country moving into next year. Adam Koulaksezian, executive director of the French Chamber of Commerce and Industry in Vietnam, told VIR, “In Ho Chi Minh City and neighbouring provinces like […]
Read MoreA widening gap in digitalization between Vietnam and advanced countries could further leave Vietnam behind in its quest for prosperity. In a rapidly-changing world where digitalization has now become an irreversible trend, a more active approach in pursuing digitalization remains essential for local businesses to stay competitive and eventually allow the Vietnamese economy to reach […]
Read MoreMAYBANK Kim Eng (MKE) is positive on the investment outlook of the real estate sector in Vietnam, given recent indications that its new government will be acting to clear the country’s regulatory bottlenecks so as to smoothen the supply of modern housing in big cities. In a report on Monday (Dec 13), the brokerage pinpointed […]
Read MoreVigilance in social distancing, testing, and quarantining is important to avoid a new wave of infections affecting lives and forcing new restrictive measures. Vietnam’s economic conditions continue to improve, as both industrial production and retail sales registered a third month of growth, according to the World Bank’s monthly report. In November, the industrial production index […]
Read MoreMany domestic enterprises are suffering serious losses or only fulfilling half of their annual plans due to the impact of the COVID-19 pandemic, but they are still managing to offer Tet (Lunar New Year) bonuses to their workers. Ngo Duy Hieu, vice chairman of Vietnam General Confederation of Labour (VGCL), said at a recent press conference that many businesses and employees were struggling to overcome difficulties amid the complex […]
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