The healthcare sector in Vietnam has been a "golden land" for domestic and foreign investors. (Photo: med247.vn)

Complicated developments of COVID-19 over the past two years have fueled investment in startups operating in the sectors of medical technology, medicine, and health care in Vietnam.

Doctor Anywhere, a startup run in Vietnam since 2019, has freshly announced it raised 65.7 million USD from a funding round coordinated by Asia Partners with the participation of such investors as Novo Holdings, Philips and OSK-SBI Venture Partners. The number of health checkups via the Doctor Anywhere application has increased to 300-400, even over 500, per day from 200 in its beginning stage.

Medigo, an application for drug delivery and consultations from pharmacists and doctors, also raised 1 million USD from the Touchstone Partners recently.

Meanwhile, medical start-up Medici received seed funding from Insignia Ventures. Storing over 100,000 electronic medical records, it is cooperating with more than 50 clinics and hospitals across over 30 provinces and cities. Medici has seen its quarterly revenue growing 100 percent and monthly user growth reaching 20 percent.

AiHealth – an application that help users find doctors, book appointments and buy drugs online – has obtained investment from Singapore. Medical technology start-up Docosan Vietnam's scheduling software that helps doctors easily manage appointment bookings at medical facilities has raised more than 1 million USD in a funding round from the AppWorks Venture Fund.

Ngo Thanh Son, deputy director of VMED Group, said given the economy bearing negative impacts from the pandemic, health startups can still maintain hope for growth, even strong breakthroughs.

Le Ngoc Hai, CEO of Doctor Anywhere Vietnam, said COVID-19 turns the healthcare sector in Vietnam ‘golden land’ for investors in the nation and abroad.

Hai said Vietnam, whose population nears 97 million, houses over 1,000 hospitals, boasting great potentials for the application of technologies in the sector.

From an investor’s perspective, Philipp Breschan, CEO Siemens Healthineers in Vietnam, said COVID-19 has forced many nations to change and update healthcare trends, particularly the provision of remote services, in the digital age.

Vietnam’s startup market expected to continue booming in 2022

Vietnam is a "rising star" and will emerge as the third-largest startup ecosystem in Southeast Asia in2022, according to a report by venture capital firm Golden Gate.

Along with the development of startup ecosystem, Vietnam is considered as one of the most attractive destinations for venture capital funds in Southeast Asia, said the report "Southeast Asia Ecosystem 2.0".

Le Han Tue Lam, General Manager at Nextrans, a Korean Venture Capital in Asia, predicted that venture capital flows into Vietnamese start-ups will continue to increase in the coming years, but there will be differentiation.

Similarly, Phan Minh Tam, Chairman of STI Holdings, said that capital flows will increase in 2022, but investors will make a more rigorous selection.

According to Pham Hong Quat, Director of the Department of Market Development and Science and Technology Enterprises under the Ministry of Science and Technology, domestic and foreign investors are interested in some sectors such as N2TP (Layer 2 Tunneling Protocol) in the field of Medtech, GIMO in Fintech is funded by BK Fund, or Propzy in Proptech is invested by FEBE Ventures. Besides, logistics is also a concern of investors.

In 2021, the world witnessed the rise of Vietnam as a pioneer in blockchain game development, welcoming the Metaverse (virtual world) movement. Such games as Axie Infinity, My DeFi Pet, Faraland, MeebMaster, Theta Arena, Sipher and HeroFi have created a strong motivation for Vietnamese businesses and start-ups.

In fact, a series of blockchain game projects have attracted hundreds of millions of dollars in investment like Sky Mavis. However, this field has not been recognised by the State and there has no clear legal corridor.

Large investment funds believe that 2022 will be the booming year of the Metaverse wave. Vietnam will be the focus of this wave.

Dao Quang Binh, Head of Market Development Department of Techfest 2021, said technology is changing much faster than policy, citing Axie Infinity game as a typical example.

Nguyen Dinh Thang, Chairman of the Vietnam Digital Startup Club (VDI), said that Artificial Intelligence (AI), Big Data, 5G, Internet of Things (IoT), and automation are considered as new technology trends this year. COVID-19 is seen as a test, but also a push to accelerate the application of technology. During the pandemic, the wave of investment in innovation and entrepreneurship in the world and in Vietnam is still exploding.

Vietnam likely to get better rating position in future: expert

Predictability and transparency in the policy framework will be the key for Vietnam to overcome the crisis and the positive outlook will put the country in a much better position to aim for an investment rating in the near future, Olivier Rousselet, Country Director of BNP Paribas Vietnam, has said.

He said Vietnam's credit rating is always in an uptrend from 2013 to 2021. Specifically, it increased from B2 to Ba3, according to Moody's, from BB- to BB and from B + to BB in line with S&P and Fitch's assessments.

According to Rousselet, the ranking upgrades in the past eight years have shown that credit rating agencies have a positive assessment of Vietnam's macroeconomic policies. The agencies agreed that Vietnam has sustainable economic growth, a high Gross Domestic Product (GDP) growth rate and the ability to attract foreign direct investment (FDI).

He suggested Vietnam strengthen the effectiveness of fiscal and monetary policies and stabilise debts as it will improve public finance and help achieve the low inflation target.

It is necessary for the country to continue minimising the implicit risks of credit events and maintain timely payment obligations, Rousselet said, adding that it will boost the confidence of foreign investors.

Vietnam is the only country in the Association of Southeast Asian Nations (ASEAN) in the ‘BB’ rating category to gain positive rating momentum in 2021 and this is a reflection of the country's economic strength and resilience.

Foreign investment inflow into Vietnam rises 4.2 percent in January

The inflow of foreign investment into Vietnam hit over 2.1 billion as of January 20, up 4.2 percent year-on-year, marking good signals for the country's investment attraction, the latest report from the Foreign Investment Agency (FIA) showed.

Following the recovery from the end of 2021 after the impact of the COVID-19 pandemic, many foreign-invested enterprises have stabilised and expanded their production and business activities. Thus, disbursement of foreign direct investment (FDI) also saw a positive increase of 6.8 percent to surpass 1.61 billion USD during the first month of this year, FIA said in its report.

According to the report, up to 103 new foreign-invested projects were licensed with a total registered capital of nearly 388 million USD, up 119.1 percent year-on-year in terms of the number of projects but down 70.7 percent in value.

Although registered investment capital decreased compared to the same period last year due to a lack of large-scale projects, an increase in the number of new investment projects showed the confidence of foreign investors in the country's investment environment, FIA said.

Meanwhile, 71 operating projects were allowed to raise their capital by 1.27 billion USD, up 54.3 percent in project number and nearly triple the level of capital seen in the same month last year.

Capital contributions and share purchases by foreign investors stood at 443.5 million USD, up two times over the last year's corresponding month.

As per the data, Singapore led 33 countries and territories investing in Vietnam with total investment capital of nearly 666 million USD, making up nearly 31.7 percent of the total FDI registered in the country.

Int'l rail freight transport service posts double-digit growth

International railway freight transport service posted positive growth last year and in January, according to the Vietnam Railway Corporation (VNR).

Despite the complexities of COVID-19, nearly 1.16 million tonnes of goods were transported by trains in 2021, surging 34 percent compared to the same period last year.

Of note, the Dong Dang railway station of the northern border province of Lang Son witnessed surges of 82 percent in the volume of goods and 117 percent in carriage frequency in the fourth quarter of last year.

The exported items were primarily ore, sulphur, chemicals, electronics and garment-textile, among others.

The railway sector is stepping up freight transportation in an attempt to offset the current decline seen in passenger transport, with a priority given to the Vietnam-China route that will ship products to a third nation in Europe and Central Asia.

In the long term, the VNR will work to improve railway infrastructure and build new international railway stations in the central and southern regions to reduce congestion at border ones.

Vietnam sees trade deficit of 500 million USD in January

Vietnam posted a trade deficit of 500 million USD in the first month of 2022, according to the General Statistics Office (GSO).

The country's imports expanded 11.5 percent year on year to 29.5 billion USD while exports 1.6 percent.

Vietnam’s export-import turnover in the month was estimated to value at 58.5 billion USD, down 11.7 percent month on month but up 6.3 percent compared to the same period last year.

The domestic sector earned 8.2 billion USD from exports, up 20.1 percent against the same period last year. The foreign-invested sector (including crude oil) raked in 20.8 billion USD, a decrease of 4.2 percent.

Seven items recorded export turnover of more than 1 billion USD each. They represented 63.3 percent of the total. Industrial and processing products held a lion’s share of 88.5 percent.

Four products posted import turnover of more than 1 billion USD each, together they represented 46.8 percent of the total. Input materials accounted for the largest share of the total imports, or 93.7 percent year on year.

The US remained the biggest export market of Vietnam in January, buying an estimated amount of 9 billion USD of Vietnamese goods.

China was Vietnam’s biggest source of imports, shipping 10.2 billion USD worth of goods to the Southeast Asian country.

In January, Vietnam enjoyed a trade surplus of 2.1 billion USD with the European Union.

Rising consumer demand drives up CPI in January

The Consumer Price Index (CPI) in January posted a year-on-year rise of 1.94 percent and inched up by 0.19 percent compared to the previous month, announced the General Statistics Office (GSO) on January 29.

It was also the last month of the lunar year, seeing an upward trend of prices of necessities and consumer services prior to Tet (Lunar New Year), the largest and longest festival of the Vietnamese people.

In addition, hikes of petrol prices in tandem with global fuel prices attributed to the increase.

Among seven groups of commodities and services experiencing rising prices last month, transport witnessed the highest year-on-year increase of 14.55 percent.

Housing and construction materials expanded by 3.51 percent because of higher prices of home repair materials; beverages and tobacco rose 2.75 percent.

Prices of textile products, footwear and clothes; household equipment and appliances; medicine and health services saw marginal rises.

Meanwhile, education posted a decline of 3.78 percent against the same period last year as tuition fees were exempted or reduced in some centrally-run localities. Post and telecommunications decreased by 0.65 percent.

Food and catering services; and cultural, entertainment and tourism services inched down by 0.14 percent and 0.11 percent, respectively.

Core inflation in January increased 0.26 percent from the previous month and was up 0.66 percent compared to a year ago, the GSO said.

Vietnam to increase frequency of commercial international flights

Deputy Prime Minister Pham Binh Minh has agreed to increase the frequency of commercial international flights, as well as removing the need for passengers to take rapid COVID-19 tests before and after their flight, as per new Government regulations.

Following this latest dispatch by the Government Office on January 28, passengers will not have to undergo rapid tests for SARS-CoV-2 before and after boarding the plane.

The destinations under consideration for more flights include Japan, the Republic of Korea and Taiwan (China). It is also expected that more locations in Europe and Oceania will be added to the pilot flight resumption programme starting in 2022 after nearly two years of border closures.

Diplomatic missions will work with the respective local authorities to resume regular international flights, aiming to remove quarantine requirements for Vietnamese people upon arrival to Singapore, Japan, and the RoK.

Vietnam needs to better sovereign credit ratings: ministry

As Vietnam has become a middle-income country and will gradually depend more on foreign commercial loans, the improvement of the sovereign credit ratings will help the Government, businesses, and financial and credit institutions be more cost-effective when mobilising loans or issuing bonds to international capital markets, according to the Ministry of Finance.

On this basis, the ministry has coordinated with relevant agencies to build the National Credit Rating Improvement Project for the 2021-2030 period to be submitted to the Prime Minister for consideration and approval.

The project’s overall goal is that by 2030, Vietnam is a developing country with modern industry and high middle income, which has an increasingly complete, effective governance institutions; a strongly developing economy on the basis of science and technology in association with improving efficiency in foreign affairs and international integration, continuing to better the investment environment, increasing Vietnam's position and reputation in the international arena, creating favourable conditions to raise the national credit rating to Investment level, and contributing to reducing capital mobilisation costs and national credit risk.

The project also aims for an annual GDP grow rate of 7 percent, GDP per capita of about 7,500 USD (current price) by 2030, and total social investment of 33-35 percent of GDP.

The Vietnamese Government has officially cooperated with all three largest international credit rating agencies, namely Moody's Investors Service (Moody's), S&P Global Ratings (S&P) and Fitch Ratings (Fitch). The effectiveness of the national credit rating, the credit coefficient and outlook have been continuously improved from 2013 to 2021. Specifically, the sovereign credit rating has increased from B2 to Ba3 according to Moody's, from BB- to BB according to S&P's assessment, and from B+ to BB according to Fitch's assessment.

Vietnam emerges as attractive destination for startups

A record high of 1.35 billion USD was poured into Vietnamese startups last year, making the country among the most attractive destinations for startups in the region.

Fields drawing the highest amount of capital include fintech, game, education, health care and e-commerce, according to the National Agency for Technology Entrepreneurship and Commercialisation Development under the Ministry of Science and Technology.

To date, Vietnam has been home to about 3,800 startups, with two unicorns - tech giant VNG Corporation and VNLife Corporation, along with 11 others each valued at more than 100 million USD such as Momo e-wallet and Tiki online marketplace.

Of note, Tiki received 258 million USD in funding, VNLife 250 million USD, Sky Mavis 152 million USD and Momo 100 million USD.

Some startups like Loship, Citics and Sky Mavis successfully called for investment twice in the year, motivating others amid the pandemic.

The Vietnamese market is favoured by 208 venture capital firms, of them nearly 40 are domestic ones.

Major firms are VSV Capital - Vietnam Silicon Valley, Mekong Capital, 500 Start-up Vietnam, Vietnam Investment Group, IDG Ventures Vietnam, Nextrans, Do Ventures and Genesia Ventures.

European firms optimistic about Vietnam’s investment environment

European companies ended 2021 more positive and optimistic about Vietnam’s trade and investment environment, according to the Business Climate Index (BCI) announced by the European Chamber of Commerce in Vietnam (EuroCham) on January 27.

The BCI reached the highest point following the fourth wave of COVID-19 infections, with positive sentiment reaching 61 points, a jump of 42 points since the third quarter of 2021 after the end of lockdowns and the re-opening of normal commercial operations.

The BCI remains below its pre-pandemic peak. However, it is clear evidence that confidence is returning to the market.

As many as 58 percent of European business leaders are now anticipating economic stabilization and growth in the first quarter of 2022, while only 17 percent of those predict a deterioration.

Vietnam plans modern and sustainable fisheries industry

Vietnam is searching for solutions for the sustainable development of the fisheries industry.

The Ministry of Agriculture and Rural Development is drafting a Prime Minister's decision on a master plan for protecting and exploiting aquatic resources until 2030.

This plan is necessary to protect, conserve, restore and develop aquatic resources, as well as to meet the requirements of importing countries, according to the ministry.

The plan will make the fishing efficient and sustainable, in line with the requirements of international integration associated with the protection of national sovereignty, defence and security on the seas and islands of Vietnam.

With a vision to 2050, Vietnam will become a country with a sustainable and modern fishery industry while its marine biodiversity is preserved and developed.

About 28 coastal provinces have also had plans to sustainably develop the fishery industry to remove the EU's "yellow card."estimated at 4.75 million tonnes, an increase of about 4.17 percent compared to 2020.

Vietnam-Australia trade hits all time high in 2021

Vietnam-Australia trade turnover reached 12.4 billion USD in 2021 for the first time, an increase of nearly 50 percent compared to 2020.

Vietnam's export turnover to Australia topped 4.45 billion USD, up 23 percent while its import was about 7.95 billion USD, a year-on-year rise of 70 percent.

With this trade volume, Vietnam becomes Australia’s 12th biggest trading partner and Australia is Vietnam's 10th biggest.

According to the Vietnam Trade Office in Australia,  despite the negative impact of the COVID-19 pandemic, most of the exports to the Australian market have achieved impressive growth.

Export turnover of raw materials and fuels experienced from double- to triple-digit growth compared to the previous year. Such exports as textiles, garments, leather and footwear, machinery, equipment spare parts continued to increase remarkably, especially the textile and garment sector saw a growth rate of 42.23 percent.

The turnover of Vietnam's key exports such as agricultural and fishery products also outperformed the previous year. Specifically, pepper surged by 41.98 percent, followed by rice, vegetable and fruits and seafood with 34.36 percent, 28.15 percent and 16 percent, respectively.

Survey: Vietnamese firms expect hiring activities to recover in H1

Firms in diverse areas nationwide expect that recruitment activities will grow strongly in the first half of 2022 as the economy is gradually recovering, according to the newly-published ManpowerGroup Vietnam Employment Outlook Survey in the first and second quarters of 2022.

Accordingly, up to 93 percent of the surveyed companies said 50 percent or more of their usual activities have recovered, while only 7 percent said that their business operations remain affected or even suspended.

Throughout four pandemic waves, domestic enterprises have learned to adapt and respond more flexibly to both effectively contain disease and develop their business and production. Most recently, the World Bank said in its Economic Update for Vietnam that the country’s economic recovery is likely to accelerate in 2022 with GDP growth expected to pick up to 5.5 percent from 2.6 percent in 2021.

The positive economic outlook gives employers more confidence to recruit in the first half of 2022 as compared to last year.

In total, 95 percent of respondents plan to increase or at least maintain the current headcounts as compared to 80 percent in the second half of last year. Only 5 percent announced their plan to trim hiring activities.

Vietnam’s pepper exports forecast for growth this year

The pepper export price is forecast to continue at a high level this year.

The Vietnam Pepper Association (VPA) reported that pepper was sold at 90,000 VND (3.98 USD) per kg last year on the domestic market, almost doubling the previous year’s 48,000 VND, after a constant reduction over the last few years.

The average export price of Vietnam’s pepper in December 2021 reached 4,703 USD per tonne, a sharp increase of almost 70 percent on the year 2020.

The average export price for the whole year reached 3,593 USD per tonne, up 55.2 percent compared to 2020.

Therefore, Vietnam’s pepper export turnover in 2021 rose by 42 percent compared to 2020 to 938 million USD, although the export decreased by 8.5 percent in volume to 261,000 tonnes.

The association forecasts that Vietnam’s pepper exports will rebound from the first quarter of 2022 with an estimated world purchasing demand of 130,000-160,000 tonnes, while the country’s total annual output is only about 150,000 tonnes.

Moreover, the quality of local pepper is improving and the VPA is supporting local enterprises to promote the processing of pepper and branding.

According to the Ministry of Industry and Trade’s Import-Export Department, this year the pepper export price is estimated to continue at a high level. The domestic pepper industry continues to develop traditional importing markets such as the US, EU, and the United Arab Emirates.

The US is the largest pepper importer of Vietnam, and the recovery of the economy will lead to an increase in pepper demand. Meanwhile, Vietnam’s pepper has a competitive advantage compared to products of other countries such as Indonesia, India and China.

Remittances to HCM City total 6.6 billion USD last year

Remittances to Ho Chi Minh City reached around 6.6 billion USD in 2021, up 9 percent from the previous year, according to Nguyen Hoang Minh, head of the Vietnam Banks Association’s Office in HCM City.

The money flow has not only supported the city’s economic development but also contributed to stabilising the supply of foreign currency in the city and Vietnam in general.

Data from the State Bank of Vietnam shows that remittances to Vietnam surged about 10 percent last year to total 12.5 billion USD, 70 percent of which was sent via credit institutions, 28 percent through remittance services providers and 2 percent through postal services.

Border gate congestion warning function launched on national single-window portal

A new warning function for cargo congestion at border gates was launched on the national single window portal on January 27, said the General Department of Vietnam Customs.

Accordingly, information on vehicle traffic at border gates is now publicly updated in real time on the portal at https://www.vnsw.gov.vn.

The status of vehicles at the border gate is shown with four levels in the colours of red (highest warning level with over 5,000 vehicles), orange (from over 1,000 to 5,000), yellow (from over 500 to 1,000), and green (under 500).

State agencies, businesses, and drivers can access the portal using computers or smart devices with internet connections.

The function has been implemented by the general department and the Ministry of Finance in collaboration with the Ministry of Transport’s Directorate for Roads of Vietnam. It aims to help prevent the congestion of goods and vehicles at border gates, save logistics costs, and minimise related damage and risks.

Online shopping boom continues in 2022

Online shopping will still be booming this year, even if the COVID-19 pandemic is over, experts have said.

The digital economy saw massive growth in Southeast Asia last year, driven by the rise of e-commerce, according to a recent report by e-commerce platform Lazada.

The regional e-commerce market reported a 24-fold increase over the last six years, from 5 billion USD in 2015 to 120 billion USD in 2021. It is forecast to reach 234 billion USD in 2025.

The Vietnamese market is also expected to quadruple to 39 billion USD by 2025 from 13 billion USD last year.

The pandemic has triggered major changes in customers’ behaviour and shopping habits, the report cited, as 58 percent of surveyed Vietnamese said they will continue shopping on online marketplaces because it is convenient. This habit is likely to sustain in the future as 53 percent of the respondents indicated that online shopping has become a part of their life.

Bright prospects predicted in FDI attraction in 2022 and following years

Vietnam expects good results in foreign direct investment (FDI) attraction in 2022 and following years, with good signals seen right from the beginning of this year, reported the Da tu (Investment) newspaper.

The first FDI project receiving investment licence in Vietnam in this year is the Hai Lang liquefied natural gas (LNG) power plant project in the central province of Quang Tri with total investment of 2.3 billion USD.

Right from the end of 2021, experts already showed optimism about FDI attraction prospects of Vietnam in 2022.

The Foreign Investment Agency under the Ministry of Planning and Investment mentioned the plans of many giant firms such as Apple, Samsung, Nike, Adidas and Foxconn to expand operations in Vietnam. Furthermore, the plans to invest 1 billion USD in LEGO factory in Vietnam and Intel’s plan to add 2.5 billion USD to is projects in Vietnam as well as Hanamicrom’s intention to invest in a semiconductor factory in the country have also been revealed.

The agency commented that 2022 and following years will be good years for Vietnam with many large-scale and high quality projects from world leading firms.

Meanwhile, 67 percent of European businesses said that they are optimistic about the business climate in Vietnam. At the same time, a survey by Japan External Trade Organization (JETRO) showed that 55.3 percent of Japanese said that they intend to expand business in Vietnam, and only 0.3 percent plan to withdraw from Vietnam. According to the survey, which was conducted from August to September 2021, 56.2 percent of the firms expect higher profits in 2022, and only 9.6 percent predicted lower profit.

According to Hirai Shinji, Chief Representative of JETRO in Vietnam, the Japanese firms intending to withdraw from Vietnam still hoped to return to the country when things become better.

Disbursement must be sped up: Minister of Transport

There is just one week left until the deadline for project management boards to step up disbursement to reach 96 percent at the Ministry of Transport, Minister Nguyen Van The said on January 25.

The said the disbursement was moving at below-average on several projects.

Many agencies spend just four in every five dollars that are pledged for spending. They keep one dollar on hold, bide their time and request project adjustment when deadlines are close, unnecessarily dragging out projects.

Lang Son province’s Department of Transport has registered an investment scheme of 83 billion VND (3.67 million USD) but has disbursed just 32 percent of the registered money. They are requesting an adjustment for the National Highway 4A Project.

In such cases, the ministry is going to reject their request and urge local authorities to reprimand agencies that have prolonged disbursement to the detriment of the ministry’s target, according to the minister.

He also asked agencies under the ministry, including the Number 2 Project Management Board and My Thuan Project Management Board, to speed up spending.

European firms optimistic about Vietnam’s trade and investment environment

European companies ended 2021 more positive and optimistic about Vietnam’s trade and investment environment, according to the Business Climate Index (BCI) announced by the European Chamber of Commerce in Vietnam (EuroCham) on January 27.

The BCI reached the highest point following the fourth wave of COVID-19 infections, with positive sentiment reaching 61 points, a jump of 42 points since the third quarter of 2021 after the end of lockdowns and the re-opening of normal commercial operations.

The BCI remains below its pre-pandemic peak. However, it is clear evidence that confidence is returning to the market.

As many as 58 percent of European business leaders are now anticipating economic stabilization and growth in the first quarter of 2022, while only 17 percent of those predict a deterioration.

European enterprises are also more confident about the prospects of their development in this post-pandemic ‘new normal’.

Up to 43 percent of European businesses surveyed plan to increase their investment in the first quarter of 2022 compared to just 17 percent three months ago.

Likewise, 38.5 percent intend to increase their headcount, while 51.5 percent are predicting a rise in orders and revenue.

Shinhan Life comes to Vietnam

Shinhan Life Insurance of the Republic of Korea on January 25 launched operations in Vietnam.

Lee EuiChul, general director of Shinhan Life Vietnam, said: “As a newcomer to the market, but with extensive experience in the insurance and financial sectors from the parent company Shinhan Life Korea, we are confident of bringing new and exciting experiences to customers differentiated products and distribution channels and services that have not yet been exploited by the market.”

Initially the company will focus on independent health insurance products for children and providing free leukemia insurance for children on its digital platform.

In the next phase, it will establish telemarketing and digital distribution channels.

Source: VNA/VOV/VNS/SGT/VNN

VIETNAM BUSINESS NEWS JANUARY 26

Another China border crossing reopened for Vietnamese exports