Business News

Despite COVID-19 restricting the flow of foreign buyers and investors to Vietnam, positive signs were reported from local buyers in the last quarter of 2020 for high-end residences, brightening up 2021.

This year, the Ministry of Science and Technology will focus on building national sci-tech development plans for the next five years to promote socioeconomic development in the new era.

Vietnamese Minister of Industry and Trade Tran Tuan Anh and U.S. Trade Representative Robert Lighthizer have discussed economic and trade issues between the two countries over the phone.

Vietnam has been successful in controlling COVID-19 in 2020 and is likely to keep the situation contained next year, said Joseph Incalcaterra, chief economist for ASEAN at the HSBC Global Research, on an article recently published on www.dailymirror.uk.

As the new Law on Enterprises comes with comprehensive adjustments to the issuance of shares, preferential rights for existing shareholders, and simplifies participation of foreign players in the market, experts predict a much more dynamic business environment in the years to come.

From January 1, 2021, goods for temporary import for re-export and transit are imported or re-exported out of Viet Nam via terrestrial border, the import or re-export must be implemented at international border checkpoints or primary border checkpoints (bilateral border checkpoints).

Although many forecasts said that inflation would be controlled at less than four per cent this year, economists recommended it was still important to pay attention to inflationary pressures.

The Vietnamese Government has just issued two resolutions on major socio-economic targets for 2021 and enhancing business environment and national competitiveness, on the heels of a successful 2020 despite the impacts of the COVID-19 pandemic.