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Wood industry regains growth momentum
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).
Da Nang to become ‘smart’ in 2025
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 to see boom in supply of industrial property next year: Savills
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.
Retailers rush to expand market share
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 sees new names
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.
Banks raise foreign ownership ratio to improve financial strength
Vietnamese banks have been increasing their foreign ownership ratios to attract investment and improve financial strength.
E-commerce industry seeks to leverage logistics growth
Flexible warehousing models that can help businesses optimise their storage are required amid the development of e-commerce, experts have suggested.
New decree to prevent transfer pricing, limit thin capitalisation
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.
Proper mechanism needed to attract investors to PPP projects
A proper mechanism is needed to attract investors to infrastructure projects implemented following the public-private partnership (PPP) model, experts have said.
Hospital successfully performs double forearm transplant
The Hanoi-based Military Central Hospital 108 has become the first medical facility in Vietnam and Southeast Asia to successfully perform a double forearm transplant.