Boosting exports to the US market via e-commerce platforms like Amazon is effective in the context of the extensive business quagmire caused by the COVID-19 pandemic, according to insiders.
The HCM City Party Committee convened its 42nd conference on July 7, chaired by Politburo member and Secretary of the city’s Party Committee Nguyen Thien Nhan.
Hanoi has launched a two-month promotional campaign aimed at stimulating consumption and easing the difficulties facing local businesses following the COVID-19 pandemic.
Total revenue of retail trade and services reached more than 1.91 quadrillion VND (82.36 billion USD) in the first five months of this year, down 4 percent year-on-year, a report from the General Statistics Office (GSO) showed.
The Vietnam M&A forum 2019, an annual event of mergers and acquisitions for domestic and foreign enterprises, will return in its 11th edition at GEM Conference Centre in Ho Chi Minh City on August 6.
Vietnam has become a favoured destination for merger and acquisition (M&A) deals for foreign investors, particularly those from the Republic of Korea (RoK), China’s Hong Kong, Singapore and Japan as the Asian multinationals see the benefits of having presence in one of the region’s fastest-growing economies.
The Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex or VCG) plans to eliminate and amend some business lines to open more room for foreign investors, to 49 percent.
Vietnam’s total retail sales of goods and services in the first five months of 2019 increased 11.6 percent year-on-year to 19.8 quadrillion (almost 85 billion USD), according to the General Statistics Office (GSO).
Goods and services trading continued its upward trend in the January-April period with the retail sale value increasing at the highest rate since 2015.
Minister of Industry and Trade Tran Tuan Anh said Vietnam has become the world’s giant exporter and actively contributed to the implementation of high economic growth target in connection with macro s
The Vietnamese Government should paid due attention to outlining policies to promote breakthrough technologies as well as to bolster digital economic development in the context of the Fourth Industrial Revolution, World Bank Country Director for Vietnam Osmane Dione said on March 7.
Hanoi authorities have been working hard to make more Vietnamese products present in foreign-invested supermarket chains in Vietnam, seeing it as an efficient channel for the products to reach the global market.
Though local businesses posted export growths, their contributions to the country’s export value have yet accounted for a half of the contributions of foreign direct investment (FDI) enterprises.
Ho Chi Minh City has sustained expansion in industrial activities in 2018, thus recording an estimated 8.15-percent rise in the Index of Industrial Production (IIP) from last year.
The Fourth Industrial Revolution, also known as the Industry 4.0, has the potential to bolster Vietnam’s economic output by a further 28.5-62.1 billion USD, equivalent to the GDP growth of 7-16 percent by 2030, according to a report by the Central Institute for Economic Management (CIEM).
Domestic retailers must work to outline rational business strategies to gain a competitive edge over their foreign rivals, especially as the local retail market has become more attractive than ever to foreign investors.
Some 87,448 new enterprises were established in the first eight months of the year, registering a total registered capital of 878.6 trillion VND (37.7 billion USD), a year-on-year increase of 2.4 percent in number of firms and 6.9 percent in capital, according to the General Statistics Office (GSO).
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