Economy · 22. March 2021
Economic experts believe that Vietnam’s retail market is going to witness a strong rebound of both supply and demand after a long period of "compression" because of the epidemic.
Economy · 10. February 2021
The facts that business environment will be more favorable, the pandemic will be well-controlled, and demand will be more enormous are the basis for start-ups and business expansion to boom in 2021.
Economy · 17. December 2020
According to the Vietnam and the European Union Free Trade Agreement (EVFTA), within five years of its entry into force, Vietnam is committed to facilitating and allowing EU credit institutions to increase their holdings to 49% of charter capital in two Vietnamese joint stock commercial banks…
Economy · 26. November 2020
In the context of Covid-19, consumers and businesses in Asia-Pacific have resorted to digital payments through contactless payment solutions on mobile applications. Visa's recent survey shows that the majority of Asia-Pacific consumers (55%) are likely to…
Economy · 19. October 2020
Regulations on investment entities to establish economic organizations in Vietnam...
Economy · 29. September 2020
The Law on Investment 2020 of Vietnam, effective from January 1, 2021, has more investment incentives than the 2014 version. These changes are made to attract more foreign investment into Vietnam and create “uniformity” in investment incentives in legal documents. More sectors entitled to investment incentives Regarding sectors entitled to investment incentives, Article 16 of the Law on Investment 2020 has added the following industries to the list. This includes: - Manufacture of products...
Economy · 19. August 2020
Mr. Vu Tuan Cuong, Director of Drug Administration of Vietnam, said that the pharmaceutical market of Vietnam is currently worth USD 5.2 billion with the growth rate of 12% per year. Despite rapid growth, Vietnam's production capacity can only meet 53% of domestic pharmaceutical demand. In 2018, Vietnam's spent nearly USD 2.8 billion on importing pharmaceuticals. In 2019, this spending increased by 10%. Vietnam is also highly dependent on imported pharmaceutical materials, mainly from China...
Economy · 21. July 2020
After a lot of debate, Vietnam’s amended Investment Law, which has been passed, will be effective on 1 January 2021. Accordingly, debt collection services will be banned. In the course of discussing the draft law, many people proposed to prohibit "debt collection service business". Some suggested not prohibiting the service by changing its name to "loan collection service business". However, after asking for opinions of National Assembly deputies, the National Assembly decided to ban...
Country report · 03. July 2020
THE COVID-19 EPIDEMIC HAS CAUSED VIETNAMESE PEOPLE TO CHANGE THEIR CASH USE HABITS. BESIDES, DISCOUNT POLICIES OF ONLINE PAYMENT CHANNELS HAVE ALSO CONTRIBUTED TO THE STRONG GROWTH IN CASHLESS PAYMENT ACTIVITIES. As of May 2020, there had been 34 companies licensed to provide intermediary payment services in Vietnam, of which more than 20 are e-wallets associated with an active bank account. The frequency of use and average daily spending value via e-wallets are recorded to be really high....
Economy · 01. June 2020
Vietnamese consumers continue to pay the greatest attention to health In the first quarter of 2020, among Vietnamese consumers' top 6 concerns, there came the welfare and well-being of their parents, with 10% of respondents saying they were worried about that, according to the latest update of The Conference Board's global consumer confidence index survey conducted in collaboration with Nielsen. “Since the Tet holiday, schools have been closed, many parents have not only struggled with having...