The Anti-counterfeit Technology Centre (ACT) Vietnam officially launched its branch in Ho Chi Minh City recently, aiming to prevent counterfeit products and protect the rights of consumers and enterprises in the southern region.

Vietnam needs to strengthen measures to achieve the sustainable development of seafood exports to the EU market, especially after the EVFTA comes into effect, according to experts.

Despite a tough year due to the COVID-19 pandemic, the national wood sector looks set to achieve its export turnover target of US$12 billion, and some wood processing businesses have so many orders while they are in short of workers to complete them, according to the Vietnam Timber and Forest Product Association (Vietforest).

Having launched an e-Government system in 2014, the central city of Da Nang has completed 1,632 out of 1,682 online administration procedures, marking a crucial step in becoming a ‘smart city’ and the first in Vietnam to join the ASEAN ‘smart’ city network by 2030.

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 race for domestic retail market share was heating up as local and foreign firms looked to expand their networks, experts said.

Vietnam’s smartphone market has seen a number of new names this year, besides Samsung, Oppo and Apple which have been dominant in the market for many years.

Vietnamese banks have been increasing their foreign ownership ratios to attract investment and improve financial strength.

Flexible warehousing models that can help businesses optimise their storage are required amid the development of e-commerce, experts have suggested.

The Government’s recently-issued Decree 132/2020/ND-CP would help prevent transfer pricing and limit thin capitalisation to develop a healthy investment market, Deputy Director of the General Department of Taxation Dang Ngoc Minh said.