Vietnam’s e-commerce market is forecast to continue growing strongly in the time to come thanks to a big population with high rates of young people and internet users.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) sets to increase pre-tax profit by 12 percent year-on-year to 25.2 trillion VND this year, said Director-General Pham Quang Dung at a Hanoi conference on January 11.
Vietnam among very few countries to post GDP growth rate of 2.5-3 percent, and the signing of the Regional Comprehensive Economic Partnership (RCEP) agreement in 2020 when Vietnam assumes ASEAN Chairmanship are among the top 10 domestic economic events in the year. The following are the ten outstanding events as selected by the Vietnam News Agency.
The southern largest economic hub of Ho Chi Minh City has set a target of welcoming 33 million tourists with total revenue of more than 4.3 billion USD in 2021.
Ho Chi Minh City has achieved its “dual goal” of containing the Covid-19 pandemic and reviving the economy, Nguyen Thanh Phong, Chairman of the municipal People’s Committee, told a recent meeting.
Wakamono, a Ho Chi Minh City-based company that specialises in producing nano biotech materials, has invented a medical mask that is capable of killing more than 99 percent of both gram-negative and -positive bacteria, and enveloped and non-enveloped virus.
The forestry sector should take swift action to build a project on zoning off and protecting natural forests in the time to come, said Minister of Agriculture and Rural Development Nguyen Xuan Cuong.
The revenue of Vietnamese network operators reached more than 130 trillion VND (5.62 billion USD) in 2020, up 0.3 percent year-on-year, according to the statistics from Ministry of Information and Communication.
The financial sector needs to renovate more strongly to free up resources to meet the country’s development objectives, Prime Minister Nguyen Xuan Phuc told an online meeting to review financial sector and State budget performance in 2020 and define tasks for 2021.
Online trade promotion offers businesses, especially small and medium-sized enterprises (SMEs), direct access to international customers, boosts their sales, speeds up the marketing process, and saves costs, experts have said.
Deputy Prime Minister Vu Duc Dam has asked the Ministry of Culture, Sports and Tourism to speed up digitalisation throughout the sector to provide a better experience to visitors, along with enhancing communications work and promotions for cultural, sports, and tourism events.
Vietnam’s livestock industry hopes to increase its average production growth rate in 2021 by 5-6 percent, according to the Department of Livestock Production under the Ministry of Agriculture and Rural Development.
The forestry sector targets the export value of timber and forest products to reach 14 billion in 2021, according to the Vietnam Administration of Forestry.
Indonesia’s economic recovery should not only depend on government spending as it will not be sufficient to compensate for the slowing economic activity caused by the COVID-19 pandemic, Finance Minister Sri Mulyani Indrawati has said.
Indonesia’s budget deficit in 2020 reached 956.3 trillion IDR (68.6 billion USD), equivalent to 6.09 percent of the national gross domestic product (GDP), Minister of Finance Sri Mulyani Indrawati has said.
Vietnam, for the first time in decades, has signed a contract with India to buy 70,000 tonnes of 100-percent broken rice from India to meet increasing demand of this kind of rice in the domestic market for producing animal feed.
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XIII National Congress of Communist Party of Vietnam
