Hanoi and South Korea's Incheon aim to increase their visibility among Vietnamese and international travelers through a series of events to promote MICE (Meetings, Incentives, Conferences and Exhibitions) tourism and medical tourism to Vietnam.
The pandemic has been the major factor that took away work opportunities of 1.6 million people.
In 2021, Vietnam is set to benefit from a tech-led recovery, consistent FDI inflows and numerous trade agreements.
Government agencies continue to tighten procedures of issuing new legal documents related to business conditions, administrative procedures and specialized inspection to create a favorable and transparent business environment.
The move will help Vietnamese enterprises to catch up with the global trend for digital transformation.
Vietnam’s strong growth momentum in manufacturing is expected to continue in 2021, supported by growing external demand from trade deals such as the EVFTA, UKVFTA, and RCEP.
Firms are confident looking ahead to the coming year, with hopes that export demand in particular will recover should the Covid-19 pandemic be brought under control worldwide.
Pressure from high GDP target in 2021 is expected to help the Vietnamese government to create breakthroughs for growth in subsequent years.
Gas-fueled power is believed practical energy supply for Vietnam’s power mix in decades to come.
Hanoi’s nominal GRDP stands at VND1,016 trillion (US$44.13 billion), resulting in a GRDP per capita of VND122.7 million (US$5,285), up 2.34% year-on-year.
The existing legal framework has not been strong enough to support the sector that is in its fledgling state.
With the approval from Prime Minister Nguyen Xuan Phuc, the new validity period of fees and expenses cut for businesses would be until June 30, 2021.
The project is estimated to consume approximately 1.5 million tons of LNG per year.
As the world is struggling with unprecedented crisis from the Covid-19 pandemic, Vietnam has emerged as one of the most successful stories by putting the deathly virus under control and boosting strong economic growth.
In 2020, Vietnam Airlines operated 96,500 flights, down 48% year-on-year amid the Covid-19 crisis.
Recent policies and feed-in tariff programs have facilitated the investment in solar industry.
Vietnam has successfully attained the dual target of both containing the pandemic and boosting economic recovery, Prime Minister Nguyen Xuan Phuc has said.
Vietnam records an economic growth of 2.91% - an impressive achievement amid gloomy global forecasts.
The outlook of the car market for next year remains dim following a turbulent year in 2020.
The ratio of gas-fueled power in Vietnam’s power mix is increasing with foreign inflows in LNG power projects and terminals.
More than half of FDI firms operating in Vietnam suffered losses in 2019 but their combined revenue rose.
