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Property prices expected to rise 10% in 2021
Real estate prices in 2021 are expected to increase by 10% over the previous year, said Nguyen Van Dinh, deputy general secretary of the Vietnam Real Estate Association (VNREA).
Fintech forecast to be robust this year
The regulatory sandbox for financial technology (fintech) which is expected to be created this year, coupled with efforts to promote the use of digital financial services, are expected to accelerate the development of fintech in Vietnam.
Vietnamese dragon fruit needs to find new export markets: Experts
In the first 11 months of this year dragon fruit exports fell by 10% because of the COVID-19 pandemic but still dominated Vietnamese fruit exports with shipments of more than US$1 billion.
Handicrafts target US$5 billion in export value by 2025
Handicrafts are identified as one of the product groups with great export potential and high-profit margin that Vietnam needs to boost in the future.
Vietnam’s 2020 retail sales see lowest growth in nine years
Vietnam’s total revenue from retail trade and services reached over VND5 quadrillion (US$219.5 billion) in 2020, representing a modest yearly rise of 2.6%, according to the General Statistics Office (GSO).
Retail property market saw many changes in 2020 due to pandemic: Savills
The COVID-19 pandemic caused retail revenue to drop sharply in 2020, impacting the domestic retail property market, according to Savills Vietnam.
Inspections against transfer pricing to be increased
Inspections against transfer pricing will be increased as per a proposal by the Ministry of Finance in the context that more than half of foreign direct investment (FDI) enterprises reported losses.
Logistics costs see unprecedented rise due to lack of empty containers
The Import and Export Sub-Department, has received complaints from businesses and business groups about a shortage of containers that has led to an unprecedented increase in shipping tariffs, its deputy director Tran Thanh Hai has said.
Imported beef grabs 70% of market share
Vietnam imported 70% of its beef this year, with domestic beef accounting for only 30% of the market.
Cai Mep Int’l Terminal receives massive container ship
MSC Oliver, one of the world’s largest container ships, has docked at the Cai Mep International Terminal (CMIT) in Ba Ria - Vung Tau province earlier this week.