More Vietnam-China border crossings reopen to ease congestion

After five years of holding a 49% stake in Nguyen Kim Trading JSC, Thailand’s Central Group has now taken full control of the local firm's home appliance store chain, as confirmed in its recent financial reports.

Foreign investment falls 23.6 percent in first two months

Bamboo Airways and resort operator Vinpearl on February 27 signed a strategic cooperation agreement in the field of air-tourism service.

Minister of Transport Nguyen Van The chaired a conference on February 27 to seek measures to counter difficulties caused by the COVID-19 epidemic.

The disruption of materials supply chain from major markets to Vietnam has led to a lower growth rate of the industrial production index in the first two months.

Vietnam’s modern grocery retail and pharmacy sector will benefit specifically from the country’s consumer spending growth story.

E-commerce and fintechs accounted for four-fifths of the total number of big calls for capital in 2019. The biggest deal was worth $300 million.

Rents for commercial spaces in HCM City’s main streets have been decreasing in recent months due to lower demand, according to experts.

Seafood exporters in Vietnam are not too worried though import demand for their products has taken a hit due to the coronavirus epidemic.

The ministry said Vietnam welcome the FSIS’s involvement to ensure Vietnamese tra fish hold up to the strictest of safety and quality standards.

Though Vietnam’s economy will suffer in the short term from coronavirus, the country’s drive to integrate into the global economy will continue to create plenty of new opportunities for trade and investment in the long run.

Some large electronics manufacturers in Vietnam are feeling the punch from the COVID-19 outbreak as material imports and finished product exports have been affected by tighter border control.

Seventeen out of 45 commercial banks slashed the fees for interbank transfers of small sums worth less than VND500,000 ($21.5).

Fitch Solutions has revised down its 2020 real GDP growth forecast for Vietnam to 6.3 percent, from 6.8 percent previously, in light of the worsening global COVID-19 outbreak.

The US on February 10 announced the decision to remove Vietnam from the list of developing countries.

The tourism and service industry in Danang is expected to suffer losses of  US$30.4 million due to strong decreases among key tourist markets in the two months since the coronavirus (Covid-19) outbreak in Wuhan, China.

As Vietnam is estimated to need an average of US$210 billion for infrastructure per year through 2030 to meet its development targets, an ADB expert suggested the country should adopt new approaches to get the huge capital.

Vietnamese carriers saw significant drops in the number of passengers in February due to the outbreak of the novel coronavirus (COVID-19).

 The development of a commodity exchange in Vietnam is expected to provide an alternative for investors when they find difficulties investing in risky assets such as stock and real estate.

Foreign investors still pay great attention to Vietnam albeit the complicated developments of the acute respiratory disease caused by Covid-19 which started to hit the world earlier this year.