Trade - Service

In the January - August period, the US remained Vietnam`s biggest export market, spending US$30.2 billion on Vietnamese goods, up 10.2% year-on-year.

Grab Vietnam is currently subject to a tax rate of 5% over its revenue, which is applied to companies operating in the science and technology field.

VNPT sets revenue and pre-tax profit targets of VND43 trillion (US$1.86 billion) and VND5.76 trillion (US$246.8 million) in 2018.

"As a market economy, there is no other option for sustainable development than a high competitiveness," stated the head of the Institute for Brand and Competitiveness Strategy (BCSI).

The airline is expected to launch its first flight on October 10, while offering air tickets for flights starting September 2.

TV pay service provider Audio Visual Global (AVG) has paid back VND8.51 trillion (US$365.9 million) to Mobifone after a notorious deal was cancelled earlier this year.

For a population of nearly 100 million, of which the majority is at young age and with a steady growth of income per capita, Vietnam is considered potential market for fashion retailers.

In its latest report, market research firm Kantar Worldpanel expected the fast-moving consumer goods (FMCG) manufacturers will make up the bulk of that spending

In the first seven months of 2018, a total of 7.8 million tons of petroleum products worth US$5.2 billion were imported, up 3.9% in volume and 31.6% in value year-on-year.

Vietnam is currently ranked fifth in the world in terms of instant noodle consumption, behind China, Indonesia, Japan and India.

Of the total number, cars with less than nine seats make up the largest proportion with 15,348 units worth US$324 million.

The growth rate of e-commerce in Vietnam reached over 25% in 2017 and this rate may remain stable in the next three years 2018 - 2020, said Nguyen Thanh Hung, chairman of the Vietnam E-commerce Association (VECOM).

The trade clash between China and the US worries some countries, including Vietnam.

The result of the assessment will be the basis for Vietnam to qualify for non-stop flights to the US.

Vietnam`s export-import turnover in the first seven months of 2018 was higher than that of the whole year of 2013, stated General Department of Vietnam Customs (GDVC).

For the last six months of 2018, Vietnam Airlines has also implemented several solutions to save fuel and improve technical capacity.

Foreign investors are racing to bring convenience stores to Vietnam’s nearly untapped market and battling to modernize the chains in a move to find a firm foothold in the potential outlet.

The new CEO joined ANZ in 2015 as Head of Institutional FX Sales, Australia. Prior to ANZ, she held roles in the FX & Commodity sales team at both Citigroup and Barclays.

In 2018, Vietnam`s insurance market revenue is set to grow 22.38% year-on-year to reach VND129.2 trillion (US$5.68 billion).

Export value of the FDI sector in the first seven months reached US$94.2 billion, up 15.9% year-on-year, accounting for 70% of Vietnam`s total export value.