Vietnam’s aviation industry has seen its strongest growth in the past decades with double-digit growth set in five consecutive years, but it is still faced with sustainable development issues.
As leather – footwear is an export-oriented industry, vagaries in such markets as the US and the EU will have considerable impact on the purchasing power and export of these products.
Total retail sales of goods and services in Vietnam reached nearly 4.4 quadrillion VND (191 billion USD) in 2018, representing a rise of 11.7 percent against the previous year, according to the General Statistics Office (GSO).
Consumer finance companies have been cutting credit growth to focus more on tightening internal governance and selecting solvent customers to target a safer and healthier development.
Vietnam’s turnover from textiles and garment exports to Australia is forecast to reach a double-digit growth after the signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) agreement, heard a workshop in Hanoi on May 9.
Vietnam’s exports of textile and garment in the last two months of 2017 was estimated at 5.27 billion USD, bringing the total export revenue this year to 31 billion USD, a year-on-year increase of 10.23 percent.
Exports from the Republic of Korea (RoK) to Vietnam, Saudi Arabia and other rapidly-growing nations have enjoyed a double digit growth, according to the Korea Trade-Investment Promotion Agency.
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