Despite Covid-19, the forestry obtained total export turnover of $13 billion worth of timber and wooden exports this year. Nguyen Quoc Tri, director general of the Vietnam Administration of Forestry, revealed at events held on the 75th anniversary of the forestry sector that the sector has been growing rapidly in recent years, topping the top […]
Read MoreVietnam is set to see 55% of the local population regularly participate in online shopping activities by 2025, with the value of goods purchased through the internet and online services reaching an annual average of US$600 per person. The Department of E-Commerce and Digital Economy under the Ministry of Industry and Trade believes that e-commerce […]
Read MoreThe Hanoitimes – While purchasing activity and employment were scaled back, business sentiment improved to a 16-month high. The Vietnam Manufacturing Purchasing Managers’ Index (PMI) dipped fractionally below the 50.0 no-change mark to 49.9 in November, signaling broadly unchanged business conditions during the month, according to Nikkei and IHS Markit. This followed a reading of 51.8 […]
Read MoreThe Hanoitimes – The number of international arrivals to the country in November was higher than the previous month. About 3.8 million international arrivals entered Vietnam in the first eleven months of 2020, down 76.6% year-on-year as Vietnam suspends foreign entries to contain the spread of Covid-19 pandemic. The international arrivals included foreign investors, experts, highly-skilled […]
Read MoreThe Hanoitimes – Core inflation rose 2.43% year-on-year in the first eleven months of 2020. After five consecutive months of rise, Vietnam’s consumer price index (CPI), the main gauge of inflation, in November dipped by 0.11% against October, but was up 0.08% versus the end of 2019 and 1.48% year-on-year, according to the General Statistics Office […]
Read MoreThe signing of big trade pacts has prompted the comprehensive amendment of the law that enacted in 2005. The Vietnamese government has just released another draft amendment of its 2005 Law on Intellectual Property (IP Law) following the recent signing of the Regional Comprehensive Economic Partnership (RCEP), the world’s largest trading bloc. Tran Manh Hung […]
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