The number of newly built schools in Hanoi in 2008-2018 was 37 percent higher than planned, but the capital city is still lacking schools.
Since June, Vietnam’s farm and seafood produce have had through official channels to enter China and meet stricter requirements. Despite this, China still remains Vietnam’s major export market.
Auchan has left the Vietnamese market. MM Mega Market and Big C have seen revenue decrease. But Aeon Mall and Lotte Mart continue to expand.
Vietnam has no regulations on criteria for goods to be labeled ‘made in Vietnam’, so consumers have no basis to distinguish ‘made in Vietnam’ and foreign-made products.
Bananas have become a new key export item in Vietnam’s agricultural sector.
A typical characteristic of the 4.0 industry revolution is the faster diffusion and larger coverage of new technologies, as well as the higher speed in realizing innovative ideas.
The increase in Chinese FDI in Vietnam is good news, but there are many risks that need to be anticipated.
It is expected that the average dairy product demand of Vietnamese will increase to 28 liters per annum by 2020.
Buying electricity directly from private companies running renewable energy power plants, and not through Electricity of Vietnam (EVN), is being considered.
“Unlike two years ago, many analysts have warned that Vietnam will m witness a trade deficit. However, I believe the trade deficit will still be within control,’ said Vo Tri Thanh, a respected economist.