Trade - Service

Air carriers will limit transport services from and to Hanoi, Ho Chi Minh City, Danang and Phu Quoc from March 30 until April 15.

Despite growing difficulties from the Covid-19 pandemic, there remain opportunities for enterprises to thrive.

Vietnam's trade turnover is expected to reach US$115.34 billion in the January – March period, down 0.7% year-on-year.

If Vietnam continues to export rice with the same pace as it did in the first two months of 2020, the country may face a shortage of essential food.

Rice exporters that have completed filling out customs declaration forms before March 24 could still go ahead as usual.

The US did not impose any restrictions on Vietnam’s exports, but the Covid-19 pandemic could impact the US – Vietnam trade outlook.

Hanoi has planned four scenarios to ensure sufficient supply of goods for people in isolation areas.

The bloc’s travel restriction, however, would not impact trade relations between Vietnam and the EU in the immediate future.

Vietnam Airlines will resume operation of the two routes upon receiving updated rulings from authorities.

The FDI sector posted exports of US$26.2 billion in the January – February period, up 5% year-on-year and accounting for 67% of Vietnam’s exports.

The demand on online shopping in Vietnam is increasing, bringing positive results to e-commerce platforms in Vietnam.

Only passengers meeting all immigration and health requirements are allowed to board Vietnam Airlines flights.

It is estimated that 20-30% of the volume and revenue of Vietnamese shipping lines are generated from the Chinese market.

Taking tough measures for the safety of people has become the government's top priority.

Vietnam recognizes its growing trade surplus with the US and is actively seeking to narrow this surplus to avoid meeting the same fate of damaging trade tariffs that has befallen China.

Vietnam posted net spending on offshore crude oil of nearly US$1.8 billion in 2019.

Food and medical items are seen as major factors driving up inflation rate in March.

The spreading of Covid-19 epidemic in Vietnam’s major trade partners including Japan and South Korea are causing problem for export-import activities.

It is expected the Vietnamese stock market will be less volatile in March compared to the previous months.

Vietnamese smartphone brand VSmart is expected to maintain its smartphone market share and overtake Chinese brands in 2020.