Trade - Service

The Factory Network Business Expo (FBC Hanoi) 2020 will take place on October 28-29 and is expected to see the largest transaction volume and value.

The EU-Vietnam Business Council is meant to support the Vietnamese business community to tap into the potential of the EU-Vietnam Free Trade Agreement.

Vietnam was among a handful of economies that has brought the spread of Covid-19 under control early on.

A resurgence of Covid-19 in a number of countries across the world and geopolitical tensions between major powers continue to pose major risks to Vietnam’s economy.

During the first four months of 2020, 57% of firms operating in the e-commerce market reported a 30% year-on-year decline in revenue.

Amid the current uncertainties, the government should be visionary when adopting any support programs.

Under growing uncertainties in both the domestic and international contexts, greater attention should be paid to mitigating risks facing public finance and the financial sector, stated the World Bank.

Made-in-Vietnam Goods Week aims to promote the campaign "Vietnamese buy Vietnamese goods."

To date, Vietnamese goods and products are subject to a total of 200 trade probes, in turn affecting a trade turnover of nearly US$12 billion.

Car sales in Vietnam in the January–September period dropped 22% year-on-year to 179,155 units across all segments.

earthmeat, plant-based meat from Europe, is expected to be widely used in Vietnam and other Asian countries.

Trade revenue continued to set a new record high in September and reached over US$50-billion mark for the second consecutive month since the beginning of the year.

The domestic aviation market has gradually recovered in the past two months.

Investment projects by US companies have been instrumental to the development of Vietnam, helping local firms further integrate into global supply chains, said VCCI Chairman Vu Tien Loc.

Assuming there is no further massive outbreak domestically, it is expected the recovery to extend further in the fourth quarter.

The two sides should target to triple bilateral trade by 2025, while a direct flight between Hanoi and Tel Aviv is on the cards.

Vietnam’s aviation authority would give permission for airlines to resume flight routes to six major markets namely South Korea, China, Japan, Taiwan, Laos and Cambodia.

While the UK continues to be a potential market for Vietnam’s key export staples, the latter could be a springboard for British companies to reach a broader market in Southeast Asia.

Not only does the Vietnamese government provide supporting packages for the business community, it has also given priority to reforming administrative procedures for greater convenience for the public.

The request is made given the increasing flight frequencies and the number of passengers handled by the airport.