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Ride-hailing market becomes increasingly crowded
More and more ride-hailing services are entering the market despite the dominance of the pioneers Grab and Gojek, formerly known as GoViet.
Shrimp exports projected to up 9.8% to US$3.7 billion this year
Vietnam’s shrimp exports are forecast to reach US$3.7 billion this year, posting an year-on-year increase of 9.8%, fuelled by the EU – Vietnam Free Trade Agreement (EVFTA) which facilitated export to the EU markets, according to Vietnam Association of Seafood Exporters and Producers (VASEP).
Individual purchases still key to market growth
Strong individual purchasing power has been the key to the strong rebound of the Vietnamese stock market this year after it was hit twice by the COVID-19 outbreaks.
Banks in HCM City to continue supporting businesses
Banks in Ho Chi Minh City are focusing on measures to mitigate the difficulties faced by businesses due to the COVID-19 pandemic and help them get back to health, a State Bank of Vietnam official has said.
Tourism sector short of culinary staff
With the increasing development of tourism and services, working in the culinary industry offers many development opportunities and the possibility of a higher income than other occupations.
Leather and footwear on course for strong recovery: LEFASO
Vietnam's leather and footwear industry was on course for a strong recovery as more international fashion brands were valuing the country as an important part of the global supply chain, according to the Vietnam Leather, Footwear and Handbag Association (LEFASO).
Mobile phone retailers shift to other services as market saturated
The mobile phone retail business is believed to be saturated and will continue to face difficulties in growth.
Banks urged to diversify loan products to prevent “black credit”
Commercial banks should diversify their loan products, lower interest rates and simplify procedures to improve accessibility to official credit channels in an effort to keep people away from illegal sources, Deputy Governor of the State Bank of Vietnam Dao Minh Tu said.
Vietnam's export growth expected at 3-4% this year
Vietnam’s exports this year could grow by 3-4% despite the COVID-19 pandemic, according to the Ministry of Industry and Trade (MoIT).
Gov’t support needed for investment in cold storage
The COVID-19 pandemic has worsened the shortage of cold storage space in Ho Chi Minh City and surrounding areas as goods pile up as a result of lack of demand.