Vietnamnet
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Chinese online retailers are penetrating the Vietnamese market, putting pressure on domestically made products, analysts have warned.
The one-time valid visa fee for foreigners is US$25. If Vietnam exempts Visa’s for travelers from more than 100 countries, it will lose hundreds of millions of dollars each year.
The Vietnamese automobile market is expected to have an unpredictable year following an unsatisfactory 2017.
Expected to account for 33% of Vietnam’s population by 2020, the middle class is a major contributor to the country’s development, according to Phung Duc Tung, head of the Mekong Development Institute.
While global trade policies take place among the world’s powerful economies, small economies like Vietnam have to sustain enormous impact from the shifts in policies.
The government needs to take action to reduce the size of the informal economic sector, economists say.
Contrary to all predictions, overseas remittances to Vietnam in 2017 increased by 10.4%, estimated at over US$10 billion.
Tiki has received a hefty investment, Shopee is marching forward in midst of victory, Lazada has resources from Alibaba, and Cho Tot has new ambitions.
The Vietnam shipbuilding industry has been developing in 10-year cycles with pinnacles in 1987, 1997, 2007 and 2017. As the highest peak of the latest cycle is over, an oversupply may occur in 2018.
The huge investments in Thaco, Vinamilk, the Asia Commercial Bank (ACB) and Refrigeration Engineering Enterprise (REE) all have relations with Jardine Matheson.