Ten thousands of enterprises in Vietnam closed after 9 months due to COVID-19
There is an average of nearly 9,000 enterprises failing in the market each month in the first nine months of this year.
COVID-19 spawns Vietnam more opportunities to export to Latin America
Mercosur the South American trade bloc, is considered a lucrative market for Vietnamese exporting products such as garments, footwear, handicrafts, and processed foods to exploit.
More Italian enterprises invest in Vietnamese textile industry
More and more Italian textile firms are investing in Vietnam to take advantage of the EU-Vietnam Free Trade Agreement (EVFTA) and export to the European market, said experts.
Vietnam plans to attract foreign investment in equitisation of SOEs
As foreign investment is considered a key factor in accelerating the privatisation and divestment of State-owned enterprises (SOEs), the Vietnamese government is mapping out plans to grab oversea enterprises’ attention.
Vietnam surpasses Thailand to become the largest shrimp supplier to Canada
Vietnam's shrimp exports to Canada in eight months increased by nearly 27% over the same period last year, while Thailand’s to Canada has increasingly decreased.
Vietnam aims to reach $5,000 per capita income by 2025
Vietnam targets $5,000 per capita income and 7 percent average GDP growth over the next five years.
Vietnamese GDP increases 2.12% in nine months
According to a report released by the Ministry of Planning and Investment, Vietnam's Gross Domestic Product (GDP) rose 2.12% in the first nine months of 2020.
Taiwan-Vietnam flight services set to restart by mid-October
Direct flight services between Taiwan and Vietnam could restart by mid-October after being suspended for six months due to the impact of the COVID-19 pandemic.
Vietnam tipped to become world’s leading laptop producer
In the latest update about the laptop market share, Nikkei Asian Review reported that Vietnam and Thailand are expected to displace China as the center of notebook PC production, soon to become Southeast Asia’s main manufacturing hub.
New Vietnam Investment Law 2020: some new key points 2
Vietnam has made rapid development with economy expected to overtake many Southeast Asian countries in strong inflow of foreign investments. Here are some new key points of the New Vietnam Investment Law, which would be useful for any investors.
EU increases investment connection with Vietnamese businesses
Trade experts were upbeat over the EU’s decision to ratify the free trade and investment agreements between Vietnam and the bloc while predicting a strong increase in trade and investment.
Vietnam asks to be excluded from Philippines' probes on polyethylene pellets
The Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade has sent the consultation letter to the Philippines’ Department of Trade and Industry asking it to exclude Vietnam from the safeguard investigations on polyethylene pellets and granules.
Efforts stepped up to resume fruits exports to US
Vietnam will further work with the US to mitigate challenges related to its export of fresh fruits to the latter, which has recently been disrupted due to the COVID-19 pandemic.
Vietnam’s wood exports reach nearly US$9 billion in nine months
Vietnam earned about US$9 billion from wood exports in the first nine months of this year, a rise of 12 percent over the same period last year, the Association of Vietnam Timber and Forest Product (Vifores) reported.
Vietnam attracts over US$21 billion in FDI in first nine months
As of September 20, the total foreign direct investment (FDI) into Vietnam reached US$21.2 billion, equivalent to 81.1% year-on-year.
Steel exports to China surge 19 times in eight months
Vietnam’s steel exports to China expanded19 times to 2.07 million tonnes between January and August.
Singapore is Vietnam’s leading foreign investor in first eight months of 2020
According to the Ministry of Planning and Investment, Singapore is the leading foreign investor of Vietnam in the first eight months of 2020 with more than US$6.54 billion.
Masks – highlight of Vietnamese exports amidst COVID-19
Vietnamese businesses exported nearly 850 million medical masks in the first eight months of this year.
Vietnam becomes Japan’s leading coffee supplier
Given the growing numbers of people working from home during the COVID-19 pandemic, instant coffee consumption among Japanese is also increasing in Japan. The trend sets Vietnam the top supplier of Robusta coffee beans for the Land of the Rising Sun.
Domestic aviation on the road to recovery
Vietnam's aviation industry is gradually recovering with passenger numbers heading toward pre-pandemic levels after a months-long slump.
