Trade - Service

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.

The increased willingness to buy groceries online presents an unprecedented opportunity for certain industries and companies.

While Vietnam is on track to witness the strongest growth in ASEAN this year, a weakening job market is the biggest risk to its economic recovery.

Vietnam's generic drug market will post robust growth rates over the coming years, driven by the government's encouragement of the predominant generic-based local industry.

The system helps reduce the average clearance time at Noi Bai Airport from up to six hours to less than 10 minutes.

Both sides expected to cooperate in the distribution of potential Covid-19 vaccines in the coming time.

Both Vietnam and the UK are looking for a trade deal after Brexit.

Covid-19 could act as a catalyst for Vietnam to speed up the digital transformation it has already embarked upon.

The domestic-invested sector's exports are expected to expand 20.2% year-on-year to US$71.83 billion between January and September.

Although the country’s GDP growth in the third quarter is estimated at a decade-low of 2.62%, this is an improvement from the 0.36% growth in the second quarter.