Business News

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THE JOY OF GIFTING

In the festival days of the New Year celebration, people are filled with the joy of gifting meaningful presents to beloved ones, friends, and business partners. Let us be a part and share the joyous spirit with our fine wine selection, and our sophisticated Tet hampers, created by the enthusiastic and delicated Red Apron team.

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RESOLUTION 02/2021 TO FURTHER STEP UP REFORMS

Resolution 02/2021 is expected to continue to step up reforms to further improve the business environment and enhance national competitiveness.

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OVERCOMING DIFFICULTIES TO SPUR DEVELOPMENT IN 2021

All goals and objectives in the 2020 Plan of the industrial and trade sector were successfully fulfilled to positively contribute to the overall economic growth of Vietnam at 2.91%.

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FDI VALUE REACHES US$28.53 BLN IN 2020

Foreign Direct Investment (FDI) registered in Vietnam hit US$28.53 billion in 2020 as of December 20, 2020, down 25% year on year, according to the Ministry of Planning and Investment. They disbursed US$19.98 billion of their registered value, down 2% year on year.

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MANUFACTURING HUB DREAMS MANIFESTING WITH BIG MOVES

Vietnam is pushing ahead in its mission to become the ideal manufacturing hub for overseas investors by taking advantage of a largely pandemic-free landscape and building on 2020’s successes.

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CENTRAL BANK CONTINUES GROWTH DRIVE AMID GLOBAL UNCERTAINTIES

The State Bank of Vietnam is predicted to continue maintaining a loose monetary policy with low interest rates, even as the global economy is showing positive signs.

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EVOLVING DEMANDS BEING MET IN HIGH-END SEGMENT

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.

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VIET NAM URGES U.S. TO CARRY OUT FAIR AND TRANSPARENT INVESTIGATION INTO MONETARY POLICY

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.

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FTAS FOSTER APPAREL AND FOOTWEAR EXPORTS

Vietnam's textile and garment industry have made great progress and managed to take advantage of free trade agreements (FTAs) such as Vietnam - Korea FTA, Vietnam-Eurasian Economic Union FTA (Vietnam - EAEU FTA), Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and European-Vietnam FTA (EVFTA), according to a report released by the Ministry of Industry and Trade.

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