Business News

Despite a drop in mergers and acquisitions during the pandemic, a breakthrough is expected in the second half of the year thanks to some billion-dollar deals in the making.

Trần Thanh Hải, deputy director of the Agency of Foreign Trade under the Ministry of Industry and Trade, said: “Việt Nam has been making good use of the new-generation FTAs that have taken effect, such as the EU-Việt Nam Free Trade Agreement (EVFTA), the UK-Việt Nam Free Trade Agreement (UKVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).”

Production and growth rates ò some key industrial products of Q1/2021 compare to Q1/2020

Vietnam’s exports are expected to perform strongly in 2021, though they face the risks of slackening international demand, said World Bank Vietnam in its recent report on Vietnam’s economy.

Construction sand is becoming scarce in the Mekong Delta, a major supplier, and buyers wanting large quantities have to wait for a month and often pay more than the originally quoted price.

Domestic businesses exported $25.76 billion worth of goods and services, up 12.8 per cent on-year and accounting for 24.8 per cent of all overseas shipments, while foreign-invested enteprises (FIEs) still made up the majority with $78.14 billion, increasing 34.4 per cent and representing 75.2 per cent of the total.

Mobile transactions in Vietnam are expected to increase by 300 per cent between 2021 and 2025, led by strong growth in mobile payments, as revealed in the second edition of the Fintech and Digital Banking 2025 (Asia-Pacific) IDC InfoBrief, commissioned by Backbase.

The Vietnam News Agency has maintained its leading position in terms of readiness for information and communications technology (ICT) development and application among ministerial-level agencies and agencies under the Government that do not provide public services, after topping the Vietnam ICT Index rankings for the 4th consecutive year.