Economy
Indian Envoy Meets Myanmar Deputy PM, Discusses Multifaceted Relations
Indian Ambassador to Myanmar, Abhay Thakur, on Tuesday met Myanmar Deputy Prime Minister and Foreign Minister, Than Swe, in Naypyidaw and discussed the various aspects of the multifaceted relations between two nations, reports said.
Economy
China flooding international markets with cheap goods
With tension between China and the US far from tapering off anytime soon, it is in trade and economic areas where Beijing’s activities appear to have further hit panic button in Washington DC as Secretary of State Antony Blinken, during his April 24-26 visit to East Asian country, raised his concern on dumping of Chinese products, including steel and Aluminium in the American market.
Economy
DigiFrontiers Digital Technology Forum Discuses Orientations for Vietnam-Australia Cooperation
Vietnam is considered the country with the fastest growing digital economy in Southeast Asia.
Vietnam F&B enterprises dominate the FAST500 ranking for 2020
Food and beverage enterprises dominate the FAST500 ranking of enterprises for 2020 compiled by Vietnam Report (VNR).
US economy may enter a severe recession
Officials are worried about the “substantial likelihood” that there could be more outbreaks of the coronavirus, which could lead to a long and severe recession for the US economy.
Nikkei: Panasonic to retreat its plant from Thailand shifting to Vietnam
Nikkei Asian Review has learned that Panasonic, the Japanese multinational electronics, is planning its appliance factory basing near Bangkok Thailand to a larger one in Vietnam for better efficiency.
Vietnam to further enhance trade with India
Việt Nam has a lot of potential to export goods to India, one of the most populous countries in the world with nearly 1.4 billion people.
SBV provides license to 2 more intermediary payment services in Vietnam
The State Bank of Viet Nam (SBV) has issued licences to two non-banking organisations to provide intermediary payment services.
Vietnam credit growth forecasted to reach 9-10% in 2020
Credit growth would likely reach only 9-10 per cent this year against 13 per cent last year if the country’s infrastructure investment was good, experts forecast.
5 million made-in-Vietnam personal protective equipment arrives in New York
5 million made-in-Vietnam personal protective equipment (PPE) were handed over to the New York government last week.
Vietnam-EU trade agreement supports Vietnam's economy to recover from pandemic
The trade agreement with E.U. could boost Vietnam economy to recover from pandemic impacts by boosting trade and creating jobs, the government says.
Vietnam strengthens international cooperation for the marine economy's sustainable development
Prime Minister Nguyen Xuan Phuc has approved a project on strengthening international cooperation for sustainable development of Viet Nam’s maritime economy by 2030.
Ambassador: After COVID-19 rains, skies between Vietnam and RoK will be bright again
Korean Ambassador to Vietnam Park Noh-wan has written an article on the relationship between the Republic of Korea (RoK) and Vietnam. Following is the full text of the article.
Fresh regulations for temporary import and re-export goods in Vietnam
The Ministry of Industry and Trade issued Circular 09/2020/TT-BCT stipulating the roadmap for applying import – export border gate for temporary import and re-export goods, transshipment and depositing in bonded warehouses. From January 1, 2021, temporary import and re-export goods via land borders must follow regulations on designated border gates.
Promising future for mobile money in Vietnam
The Vietnam government is moving ahead with a plan to put mobile money into use to reduce social contact and cash circulation.
Vietnamese banks own assets valued US$ 522 billion
Total assets of credit institutions and foreign banks in Vietnam by the end of the first quarter of this year inched reached VND12.48 quadrillion (US$521.76 billion) compared to the end of last year.
Vietnam aims to have more than half of population to shop online by 2025
Viet Nam has set a target that the e-commerce industry would grow by 25 per cent per year to reach US$35 billion with more than half of the population shopping online by the end of 2025.
Vietnam Ministry of Industry and Trade to strictly administer rice exports
The Vietnam Ministry of Industry and Trade (MoIT) will keep up strictly administering rice exports via international border gates, said an official.
Vietnam real estate market attract M&A deals during Covid-19
The epidemic has brought great opportunities to businesses with powerful financial capability to hunt for attractive projects and take them over, Vietnamnet reported.
North-South Expressway: Public investment to reduce cost by USD 800 million
Using the state budget for building eight North-South Expressway sections could cut interest expenses alone by VND19.2 trillion ($823 million) over private investment.
Ministry says no to suspension of petroleum imports
Ministry of Industry and Trade leaders disagree with the proposal to stop importing petroleum because of concerns that this could affect consumer rights and violate commitments in trade agreements.
In Vietnam, hotels are being sold as owners take losses amid Covid-19
Many owners cannot maintain operation of their hotels during the epidemic and want to sell them.
Vietnam remains hopeful investment wave after Covid-19
Vietnam is expecting to welcome a new wave of high quality foreign direct investment in the near future thanks to the country’s internationally acclaimed efforts to fight COVID-19.
