Amid fierce competition and unexpected developments in the region and the world, ASEAN has exerted every effort to take advantage of opportunities and cope with challenges by strengthening solidarity and maintaining active adaptation.
Vietnam has been successfully developed a stock market, with the capital market playing a critical role in the economy, according to Dominic Scriven, Chairman of Dragon Capital, one of Vietnam’s leading investment firms.
The return of traditional toys for Mid-Autumn Festival has helped revive many craft villages. In recent days, the bustling atmosphere is everywhere in Ong Hao Village, Lieu Xa Commune, Yen My District in the northern province of Hung Yen, as locals prepare handmade toys for the event.
The Vietnam Railway Corporation (VNR) estimates a loss of nearly 1.4 trillion VND (60 million USD) after tax in 2020, a massive blow to the company due to impacts of the COVID-19 pandemic.
Ninety-five years ago on June 21, 1926, the first issue of Thanh nien (Youth) newspaper representing the voice of Vietnamese Revolutionary Youth League founded by Nguyen Ai Quoc (aka Ho Chi Minh) was published, marking the birth of Vietnam’s revolutionary press as the country remained under the yoke of French colonial rule.
Vietnam’s beer market is forecast to see big opportunities this year, as the country has always been held great potential for domestic and foreign beer enterprises. Fierce competition is incoming, as more foreign brands are looking to tap the market.
Vietnam’s beer market is forecast to see big opportunities this year, as the country has always been held great potential for domestic and foreign beer enterprises. Fierce competition is incoming, as more foreign brands are looking to tap the market.
With success in containing the spread of COVID-19, Vietnam now holds advantages in economic recovery, according to former Deputy Prime Minister Vu Khoan.
The Vietnam Industry Research and Consultancy (VIRAC) forecasts that the dairy industry prospect in 2020 will continue to grow at a high level, increase investment capital in dairy farms to reduce dependence on imported milk and to meet the needs of people’s domestic consumption.
Vietnamese confectionery businesses have upgraded production technologies to improve quality and efficiency, and developed new product lines to retain market share at home and also boost exports amid fierce competition.
The domestic shrimp industry has not faced a great impact from the novel coronavirus-caused acute respiratory disease (COVID-19) because now this industry is under production and Vietnam will enter its shrimp harvesting crop in August.
Vietnam witnessed a slight reduction in cassava exports during the first two months of this year due to the novel coronavirus (COVID-19) epidemic, according to the Ministry of Agriculture and Rural Development.
Cement producers in Vietnam are facing a double challenge with domestic demand falling due to a slowdown in the property market and delays in transport infrastructure works and exports declining due to the COVID-19 epidemic.
As one of the most dynamic economies in the region, Vietnam's retail market is attractive for many foreign investors, but it can also be challenging at the same time.
ASEAN
