Despite the Covid-19 crisis, Bamboo Airways and Vietnam Airlines have announced plans to fly non-stop to the US by the end of this year. The UK Airports Commission has granted slots at Heathrow Airport in London to Vietnam’s Bamboo Airways, commencing in May. A representative of the private air carrier has confirmed the news, saying […]
Read MoreAs uncertainties has led to HSBC revising down Vietnam’s GDP growth forecast in 2021 to 6.6%, the bank expected a strong rebound to 8.5% next year. Despite a weaker-than-expected GDP growth in the first quarter at 4.48%, Vietnam still boasts one of the brightest growth prospects in Asia, according to HSBC. Upswing in the tech […]
Read MoreHopes that these trends will continue and that the Covid-19 pandemic will come to an end supported the greatest business confidence since mid-2019. The Vietnam Manufacturing Purchasing Managers’ Index (PMI) rose to 53.6 in March, up from 51.6 in February, signaling a solid improvement in the health of the manufacturing sector. In fact, business conditions […]
Read MoreThe sudden, unexpected and virulent spread of the Covid-19 pandemic brought about a change in perception and planning in consumer sales behavior, and many well established businesses made a strong shift towards online delivery servicing. This new trend brought with it new opportunities for many existing companies to expand or create new online delivery units, […]
Read MoreUnder-the-table payments, often required in administrative procedure categories and enforcement stages, has been compared to a “leech” that persistently causes pain to businesses and the public. The Prime Minister’s Administrative Procedure Reform Advisory Council mentioned the issue in its 2020 APCI (Administrative Procedures Compliance Costs Index) report. The report shows that unofficial expenses are required […]
Read MoreMany sugar mills have had to shut down because they cannot compete with imports. After ATIGA (ASEAN Trade in Goods Agreement) took effect, the tariff on sugar imports to Vietnam was slashed from 85 percent to 5 percent. As a result, while domestic output was in excess, Vietnam still had a trade deficit of 884,285 […]
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Thailand
