ECONOMIC INDICATORS PICK UP SLIGHTLY BUT STILL AT RISK
Amidst the complicated developments of the Covid-19 outbreak, Vietnam is still maintaining its growth momentum. In order to maintain its economic stability and development, Vietnam needs to continue implementing suitable monetary and fiscal policies and provide solutions to support those facing difficulties caused by the pandemic.
SOME VND96 TRILLION NEEDED FOR LOGISTICS DEVELOPMENT IN NEXT 10 YEARS
In the next 10 years, VND95.8 trillion will be needed for the development of the logistics sector in HCMC to fulfill the target of contributing 12% to the gross regional domestic product (GRDP) in 2030, according to a plan for logistics development in HCMC until 2025 with a vision toward 2030, which has been passed.
TEXTILE-GARMENT EXPORTS LIKELY TO FALL AFTER 25 YEARS
According to the Ministry of Industry and Trade, the country exported textiles and garments worth US$25.6 billion in the January-September period, down 12% over the same period last year, news site Vietnamplus reported.
15% DISCOUNT APPLIED FOR HKBAV MEMBERS
HKBAV Member will enjoy the 15% Discount for below Festive Program at Anantara Hoi An, Anantara Quy Nhon Villas & Avani Quy Nhon Resort.
INTELLASIA FINANCE & BUSINESS NEWS - DECEMBER 2, 2020
1. Banks rush to stimulate demand for personal credit
2. Social media payment apps test Vietnamese waters
3. Annual textile and garment exports down for first time 25 years
4. Freight and logistics stocks on the rise despite pandemic
5. Stability created with new health e-portal
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FREIGHT AND LOGISTICS STOCKS ON THE RISE DESPITE PANDEMIC
Freight and logistics stocks have seen major gains since the beginning of 2020 even as the COVID-19 pandemic has wreaked havoc on the economy.
DEVELOPERS’ COMMITMENT TO VIETNAM ILLUSTRATING STRENGTHS
After a period of strong negative impacts caused by the pandemic, real estate investment activities in Asia-Pacific and Vietnam in particular started to show signs of recovery in the second half of the year, and are expected to return towards a stable increase moving into 2021 and 2022.
PM DECIDES TO TEMPORARILY SUSPEND INCOMING COMMERCIAL FLIGHTS
Prime Minister Nguyen Xuan Phuc has decided to temporarily suspend commercial flights while chairing a meeting on Covid-19 response on Tuesday. The decision was made one day after the Ministry of Health the first community infection case of Covid-19 (patient numbered 1,347), ending a streak of 88 consecutive days without a single local infection.
