Vietnam automobile companies face gloomy outlook in 2020
Under the growing impacts of the pandemic, market demand is forecast to plunge, while oversupply and the burden of liquidating inventories would lead to lower selling prices.
Under the growing impacts of the pandemic, market demand is forecast to plunge, while oversupply and the burden of liquidating inventories would lead to lower selling prices.
With nearly US$83 billion of foreign exchange reserves, the State Bank of Vietnam has more than enough reserves to comfortably meet redemptions.
Vietnam made the move after a surge in infections in neighboring countries and Europe.
Vietnam’s modern grocery retail and pharmacy sector will benefit specifically from the country’s consumer spending growth story.
Vietnam's localization rate for passenger cars of under nine seats is 7 - 10%, much lower than the target of 35 - 45% set for the car industry 20 years ago.
As Vietnam is deepening global economic integration, competition is inevitable, which leads to the government's decision to ease restrictions on car import.
The digital sector is expected to contribute 30% to Vietnam's economy by 2030.
Chinese aggression in the South China Sea has angered regional countries which demand Beijing to closely follow international law.
The majority of imported cars in Vietnam in November came from Thailand and Indonesia.
The number of small enterprises upgrading to mid-sized and from mid-sized to large ones is very low, while the capital accumulation process among private companies has not been up to standard.