Vietnam was named among the world’s top 20 host economies for foreign direct investment (FDI) for the first time in 2020 with an inflow of 16 billion USD. The country was up five places against last year’s ranking to reach 19th on the list, according to UN Conference on Trade and Development (UNCTAD)’s World Investment […]
Read MoreVegetables and eggs are in short supply in HCM City due to disruptions in supply chains caused by COVID-19. The city needs support from provinces in the eastern and Central Highlands regions to mitigate this, the city’s Department of Industry and Trade (DoIT) has advised. Nguyen Nguyen Phuong, the department’s deputy director, said the rising […]
Read MoreLocal businesses have promptly applied omni-channels to adapt to the new normal situation. The increasing presence of foreign brands in Vietnam has been seen a push for domestic retailers to participate in the race for market share and keep their leading position in the market as the country remains one of the most promising markets […]
Read MoreThe increasing presence of foreign giants has put great pressure on domestic retailers. Philippe Broianigo, CEO of Central Retail in Vietnam, recently stated that in the next five years, the group will invest about 35 billion baht (US$1.1 billion) to expand business in 55 provinces and cities of Vietnam. This year the Thai retail giant […]
Read MoreVietnam is set to see rapid expansion in terms of mobile wallet usage with mobile wallet penetration to reach nearly 55 per cent by 2025. According to a report by fintech Boku and digital technology analyst house Juniper Research, Vietnam, like many other countries in Southeast Asia, is primed for massive mobile payments growth. Mobile […]
Read MoreEconomists have urged the gradual reopening of the economy. VietNamNet talked to Dr Nguyen Duc Kien about the issue. Opening the economy in current conditions is understood as opening step by step, opening with focus on some business fields. Upon opening, Vietnam must be sure that it can protect Industrial Zones and prevent Covid from […]
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