Vietnam is marching towards becoming a cashless society with new methods of electronic payments being deployed widely, but security risks come hand in hand with new technologies and applications. A study by Visa found a surge in the use of mobile wallets and payment apps in the country in recent years, with over 85 percent […]
Read MoreCar exports to Vietnam can expect to face non-tariff barriers after the country, the biggest importer within Asean of pickups and passenger cars from Thailand, prepares to enforce the new Euro 5 emission standard from Jan 1 next year. Manufacturers that cannot adjust to the stricter environmental standard stand to lose sales. The automotive club […]
Read MoreDue to the impact of the Covid-19 epidemic, airline passenger numbers have dropped sharply, and as a result, many planes have been abandoned at the airport. A representative of Noi Bai International Airport said that before the epidemic broke out, the airport had about 70 aircraft parked overnight, which had flighted the next morning. However, […]
Read MoreMany Vietnamese tycoons regret that the largest beer company in Vietnam, the Saigon Alcohol Beer and Beverage Joint Stock Corporation (Sabeco), has fallen into the hands of Thai investors. When the state divested capital from Sabeco, many Vietnamese enterprises wanted to acquire it, but no Vietnamese corporation qualified to enter the final list. Small and […]
Read MoreAfter months of continuous trade surplus, Vietnam witnessed the return of a trade deficit in May, but it is too early to conclude whether this represents a new trend in the balance of trade though a bumpy road remains ahead for businesses. According to the General Statistics Office of Vietnam (GSO), the country earned $26 […]
Read MoreSeveral signs suggest slowdown in economic activity if the pandemic is not contained in the short term. Most mobility indicators, especially in major urban centers, have already declined sharply in view of the fourth Covid-19 outbreak and some pressures have emerged on the value chains of strategic sectors, namely electronics and construction. While the economy […]
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