The rate is even higher than the 7.1% year-on-year growth from a pre-Covid-19 environment in 2019. Vietnam’s household spending is projected to grow by a real rate of 9.6% year-on-year over 2021, a significant improvement from a projected 0.5% growth in 2020, according to Fitch Solutions, a subsidiary of Fitch Group. The rate is even […]
Read MoreThe increasing demand and the drying up of land banks in industrial zones has bumped up rental prices in first-tier property markets in Vietnam. Figures from CBRE Vietnam reported strong escalations in industrial land and warehouse rent. Industrial land rates went up 20-30 per cent on-year and warehouses have increased as well across industrial zones […]
Read MoreThe Ministry of Industry and Trade (MoIT) held a workshop on November 4 to discuss tools to protect businesses against trade defence lawsuits in export markets in the context of integration. Pham Chau Giang, Deputy Director General of the MoIT’s Trade Remedies Authority, said that Vietnamese firms have faced more than 200 lawsuits related to […]
Read MoreVietnam still managed to maintain export growth in the first 10 months of this year despite COVID-19, and exports for the year as a whole are expected to rise 3-4 percent against 2019, according to the Ministry of Industry and Trade (MoIT). Export revenue stood at 26.7 billion USD in October, down 1.7 percent compared […]
Read MoreThe Hanoitimes – The government forewent over VND8.2 trillion (US$355.45 million) in customs revenue between January and October as a result of Vietnam’s commitments to free trade agreements. Vietnam’s customs revenue in the first ten months of 2020 declined by 14.66% year-on-year to VND250.46 trillion (US$10.86 billion), or 74.10% of the year’s estimate. The Import – […]
Read MoreThe Hanoitimes – E-commerce is the fastest-growing digital economy in Vietnam as online usage becomes part of the Vietnamese shopping life. Vietnamese consumers have increased their online shopping frequency in 2020 compared with the previous years, of which the percentage of monthly online users has risen from 47% in 2019 to 61% in 2020, according to […]
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Thailand
