Vietnamese manufacturers recorded another monthly improvement in business conditions during May, with growth of output and new orders picking up from April.

According to a municipal official, completing the eight-lane road project will help reduce traffic congestion on National Highway 32.

Hanoi is scheduled to have a total of 68 industrial parks by 2020, with total investment capital of VND19.16 trillion (US$822.4 million).

Huawei holds only a small share in Vietnam’s market, approximately 4%, equal to VND2.7 trillion (US$113 million) in 2018.

Rising demand for smart townships would enable investors to change the Vietnamese real estate landscape.

The US giant tech firm has increased restrictions to content which is believed to oppose the Vietnamese government.

However, to convert its much-touted supply chain potential, Vietnam needs to build more visibility and credibility amongst international firms.

Under the cooperation agreement, tourism products of Vietnam Tourism Community Association (VCTC) members will be broadcast to the worldwide audience via TikTok’s short videos.

As its labor cost is equal and even higher than other countries, Vietnam will have to replace the cheap labor advantage for the skilled workforce advantage in the coming time to raise the competitiveness.

The high ranking was mainly thanks to Hanoi’s efforts to improve its investment environment, address enterprises’ concerns regarding institutional aspects and administrative procedures.