Vietnam, Indonesia target US$10-billion bilateral trade turnover in 2021
There has been a growing number of Indonesian investors coming to Vietnam, especially in the field of digital economy.
There has been a growing number of Indonesian investors coming to Vietnam, especially in the field of digital economy.
Car sales in Vietnam in the January–November period dropped 14% year-on-year to 246,768 units across all segments.
Vietnam’s manufacturing purchasing managers' index has risen a lot more quickly and strongly than the rest of ASEAN.
Nearly 75% of Vietnamese consumers expect cashless payment to grow further in the next 12 months.
The country would remain the only one with positive growth among five major economies in ASEAN, and its economic growth would rebound to 6.7% in 2021.
Suga continues the predecessor's foreign policy which is based on the concept of a free and open Indo-Pacific.
The government has changed its development strategy for the automobile industry, given the fact that it’s not feasible to produce one entire car in Vietnam.
This marked the rise in number of imported cars to Vietnam in two consecutive months, following a 34% increase in July.
In 2020, Vietnam’s GDP growth is set to hit 2.3% and then rebound strongly to 8% in 2021.
As a production hubs of world major tech firms such as Samsung, Vietnam is capable of manufacturing sophisticated products with high technological content, said an expert.