VOV.VN - Vietnam's real estate industry has developed alongside the recovery of the economy following the COVID-19 pandemic and is predicted to enjoy a brighter picture compared to 2021 before gradually returning to its pre-pandemic trajectory, according to the Vietnam Report Joint Stock Company.

Input cost increases have forced manufacturers to increase selling prices. However, purchasing power is weak, which is a warning about a tough year ahead.

Vietnam is expected to add 36 million people to its middle class by 2030, according to a recent report by McKinsey.

VOV.VN - Inflation has been kept at a low rate in Vietnam since the beginning of the year, although pressure is starting to build up moving into the remaining months of the year and early 2022, according to economists.

Contrary to all predictions, the real estate market has been hot during the pandemic. People are rushing to buy apartments for fear that prices will escalate after the pandemic ends.

The UK-Vietnam Free Trade Agreement (UKVFTA), which officially took effect on May 1, is believed to herald a new era for Vietnamese goods to gain a foothold in a market with strong purchasing power.

High economic growth and strong investment in infrastructure are among the reasons for Northern European businessmen to consider when choosing to invest in Vietnam, according to an article recently published on the site ScandAsia, which covers Nordic news and business promotion in Asia.

The import of automobiles increased dramatically in March, according to figures released by the General Department of Customs (GDC).

While fashion fanatics will welcome the ever-increasing presence of international brands, the domestic consumer base has already lost a significant portion of its purchasing power amid the influence of the global health crisis on the economy, forcing domestic brands to face increased competition with new strategies to retain their business.

VOV.VN - This year’s buildup to Christmas is seeing Vietnamese people tighten their belts and spend less on gifts, as many are struggling financially due to their incomes being hard hit by the COVID-19 impact.