Top 10 issues that defined the global economy in 2020

The COVID-19 pandemic has had a heavy impact on every aspect of life in 2020, and the global economy had been especially hard hit. 

Vietnam’s stature, mettle, wisdom manifested in ASEAN Chairmanship Year

The ASEAN Chairmanship Year 2020 has contributed to effectively implementing the Party’s foreign policy, raising Vietnam’s role and position and helping the country create a firm stance in ASEAN and the region.

East Sea strategic to Vietnam

The East Sea is a semi-closed expanse of water abutting seven countries - Vietnam, China, the Philippines, Malaysia, Brunei, Indonesia, and Singapore. 

Child models put on stunning display at Vietnam Junior Fashion Week 2020

Running with the theme of “Winter Swan”, the recent Vietnam Junior Fashion Week 2020 has seen the participation of hundreds of child models unveiling the latest collections of seven designers, leaving a great impression on viewers.

Land and house prices skyrocket on news about Thu Duc City

The news about the establishment of Thu Duc City has pushed up land and house prices in the eastern part of HCM City.

First case of new coronavirus variant detected in Vietnam

Vietnam detects first COVID-19 case carrying the newly found, highly contagious variant of coronavirus on Saturday.

Vung Ang port welcomes first shipment of 2021

Laos - Viet International Port Joint Stock Company held a ceremony to receive the first container ship of 2021 at Vung Ang port in Vung Ang economic zone, Ha Tinh Province’s Ky Anh Town in the morning of January 1.

Hanoi ready for this year's SEA Games 31 and ASEAN Para Games 11

The observance of Covid-19 prevention and control protocol will continue to be the motto of Hanoi's tourism industry in 2021.

Over 5,100 cyber-attacks hit Vietnam in 2020

As many as 5,168 cyber-attacks were recorded on information systems in Vietnam in 2020, a year-on-year decline of 0.15 percent, according to the Ministry of Information and Communications’ National Cyber Security Centre (NCSC).

Highest Tet bonus in HCM City expected at over USD41,666

The highest bonus for the lunar New Year in HCM City or Tet holiday is expected to be more than VND1 billion (USD43,478), meanwhile the figure for the New Year is VND990 million (USD42,251).

Retail property market saw many changes in 2020 due to pandemic: Savills

The COVID-19 pandemic caused retail revenue to drop sharply in 2020, impacting the domestic retail property market, according to Savills Vietnam.

HCM City infrastructure development to focus on services sector

HCM City’s infrastructure development is focused on transforming the economy and making it services-based.

Vietnam to develop international standard ports

Development of major ports and port clusters will get priority in the new master plan for the country’s port system for 2021-2030, Deputy Minister of Transport Nguyen Nhat has said.

Kien Giang invests in fishing infrastructure

The Cuu Long (Mekong) Delta province of Kiên Giang invested more than VND645 billion (US$28.2 million) in fishing infrastructure in 2020, according to its Department of Agriculture and Rural Development.

Firms seek thousands of students for jobs, internships at job fairs

Enterprises in HCM City are seeking students for jobs and internships to meet production needs before Tet (Lunar New Year) holiday which will falls on February 12-15.

Periodic emission controls for motorcycles must be included in law: expert

The national strategy to ensure road traffic order and safety for 2021-2030 and a vision to 2045 was recently approved by Prime Minister Nguyen Xuan Phuc, with the goal that in 2021-2030, it will implement periodic emission controls for motorcycles.

ILO welcomes new Labour Code

The International Labour Organization (ILO) has welcomed the new rights of workers and employers in Vietnam from January 1 as the revised Labour Code adopted in 2019 takes effect.

Young singers gain int'l achievements in 2020

Although 2020 was a tough year for the entertainment industry in Vietnam as well as the rest of the world, young Vietnamese singers gained outstanding achievements at international music award events.

Phu Quoc real estate market forecast to grow, driven by upgrade into first island city

The real estate market of Phu Quoc in the Cuu Long (Mekong) River Delta of Kiên Giang was forecast to be robust as the island district has just been given the green light to be upgraded to the country’s first island city in March this year.

HCM City faces shortage of English teachers in primary schools

HCM City is facing a severe shortage of English teachers in primary schools, partly because of stricter quality criteria required under a new recruitment programme.

State budget revenue hits 98 per cent of annual target

More than VND1.48 quadrillion (US$64.2 billion) was collected for the State budget in 2020, equivalent to 98 per cent of the target, according to the Ministry of Finance.

M&A scaled down in 2020 but some deals stand out

The year 2020 marked a rough year for the global finance and equity markets as the COVID-19 pandemic scaled down the global economy and discouraged investors to execute their M&A deals as planned.

RCEP a bright spot in bleak global economy

The COVID-19 pandemic has cast a long shadow and created uncertainty over the global economy.

US labels Vietnam currency manipulator in improper move

Prof. Dr. Tran Ngoc Tho from UEH outlines the questionable concepts in the US Treasury report labelling Vietnam and Switzerland currency manipulators.

Vietnam attracts over $28.5 billion of FDI in 2020

Foreign investors had poured more than $28.5 billion into the Vietnamese market as of December 20, equivalent to 75 percent of the amount in the same period last year.