The Covid-19 pandemic is fostering cashless payment, making it more popular in Vietnam. Instead of having to get up early in the morning every day to go to a nearby market, Nguyen Thu Hang from Hai Ba Trung District, Hanoi, can stay in bed a bit longer while still being able to buy stuff online […]
Read MoreEight business sectors, including hospitality services, retail, garment, car manufacturing, agriculture, logistics, aviation, and IT are facing an unprecedented crisis. Up to 90% of tourism companies were forced to suspend operations, making the aviation industry facing financial challenges with the national flag carrier Vietnam Airlines at risk of bankruptcy. The Ministry of Planning and Investment […]
Read MoreThe “tsunami” of hotels shutting down during this surge is having the biggest impact on workers, especially those working in low-level positions. As the Covid-19 pandemic continues to develop complicatedly across the country and severely affect the hotel industry, even hotels that persevered for over a year with hardly any guests have eventually resigned to […]
Read MoreThe stock market of Vietnam is bustling with banking and securities stocks as the backbone, as the potential of banking stocks is attracting the attention of foreign investors. After a series of gaining sessions in May and early June, which helped the stock market rise to historic peaks, the prices for banking stocks slowed down […]
Read MoreVietnam is anticipated to become the world’s third largest rice exporter next year with an estimated export volume reaching 6.3 million tonnes, according to the projection made by the United States Department of Agriculture (USDA). The latest forecast has recently been released as part of the USDA’s May 2021 Report about the Global Rice Outlook […]
Read MoreFor the first six months of the year, Vietnam’s GDP growth is estimated at 5.8%, lower than the government’s expectation of 6.22%. Despite the serious Covid-19 situation, Vietnam is likely to realize the GDP growth target of 6% set by the National Assembly. Deputy Prime Minister Le Minh Khai gave his remarks at a meeting […]
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