Vietnam will see strong growth in industrial property next year due to higher demand for industrial parks as business expand production or relocate out of China, according to Savills Vietnam.
The picture of the domestic aviation industry remains gloomy as the COVID-19 pandemic has left a strong impact on airlines, eating quickly into their wallets. The national flag carrier Vietnam Airlines forecast that the domestic aviation market will gradually recover this year and in 2021 despite difficulties, but it will take a very long time for the international market to regain its health.
The domestic aviation sector is gradually recovering, with the passenger numbers heading toward pre-pandemic levels following the resumption of domestic flights and certain international air routes disrupted by COVID-19.
The new-age carrier Vietjet on September 4 officially self-handled its ground operations at Noi Bai International Airport in Hanoi, becoming the first ever private carrier to set up its own ground handling arm in Vietnam.
The Airports Corporation of Vietnam (ACV) has targeted earning over 11.3 trillion VND (486.9 million USD) in revenue and over 2 trillion VND (86.1 million USD) in pre-tax profit in 2020.
Among 23 sectors listed on the stock market, four are expected to enjoy positive growth, nine forecast to see negative impacts in the short-term, while 10 others not likely to be affected.
With a total market value of 4 billion USD back in 2015, e-commerce in Vietnam rose drastically to 7.8 billion USD in value in 2018, and is expected to continue on an upward trend.
More than 70 percent of businesses from Hong Kong (China) have selected Vietnam as the first destination in the Southeast Asian region to open factories, according to a recent survey by Hong Kong Productivity Council (HKPC).
Commercial banks are expected to lower lending interest rates after getting more support to cut input costs from the State Bank of Vietnam (SBV)’s agencies this week.
PetroVietnam Drilling & Well Service Corporation (PV Drilling) under PetroVietnam will provide heavy tender assist semi-submersible drilling rig for Brunei Shell Petroleum Company Sdn Bhd (BSP).
Four major banks of Thailand have decided to cut their minimum retail rate (MRR) by 0.25 percentage point to help lower financial costs of small and medium enterprises (SMEs), increase their competitiveness and support the Thai economy.
Hanoi plans to roll out additional busses fuelled by compressed natural gas (CNG) in the third quarter to ease traffic congestion and lessen environmental pollution, the municipal Department of Transport’s Public Transport Management and Operation Centre said.
The northern port city of Hai Phong joined hands with China’s Yunnan province to provide free eye examinations and cataract operations for 70 patients at the Viet-Tiep Friendship Hospital in the Vietnamese city on May 29.
Hanoi and HCM City are both rolling experiments in granting more autonomy to public schools in hopes of improving educational quality and reducing the schools’ reliance on the State budget.
Vietnam could cut down 6 percent of its greenhouse gas emissions through the implementation of the ‘Green Office’ Initiative, the Asian Institute of Technology in Vietnam (AIT-VN) said at a workshop in Hanoi on November 7.
Vietnam Dairy Products JSC (Vinamilk) is optimistic about its future development as the sector still has room to grow, the company’s general director Mai Kieu Lien told an investor meeting on November 6.
The capital city of Hanoi has implemented a wide range of measures to facilitate the sustainable development of e-commerce activities, which have grown rapidly recently.
The application of digital technologies in providing banking services has proven effective, not only bringing better experience to urban customers but also helping banks introduce their services to low-income households.
Startup Space - The Youth Five (Y5 office) - for young people has been inaugurated in District 1, Ho Chi Minh City, by the municipal Ho Chi Minh Communist Youth Union.
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