Trade - Service

The import staples include cow, wheat, fruit, corn, soy, and animal feed which will be purchased in the next two to three years.

The retail network in Hanoi can supply sufficient necessities for locals in any case, even in the event of a drastic surge in demand.

In the last quarter of 2019, Vietnam continued to be placed in the top three most optimistic countries.and had the most avid savers,

To date, the Vietnamese authority has not considered suspending flights between the two countries, so the decision to stop flights to South Korea was based on the airlines’ own consideration.

From a longer-term perspective, Vietnam will benefit as companies further accelerate moves to diversify their manufacturing operations away from China.

Before Vietnam Airlines, maiden airline Bamboo Airways was the first Vietnamese carrier to suspend air services from/to South Korea on February 26.

Vietnam's trade turnover is expected to reach US$74 billion in the January – February period, up 2.4% year-on-year.

The CPI increased 5.91% year-on-year in the first two months of 2020, the highest growth rate for a two-month period over the last seven years.

Vietnam, with its young demographic, growing incomes and large population, is considered a hugely promising market for retailers.

Aeon targets to add Vietnamese goods and products worth US$500 million into its global distribution network in 2020, and around US$1 billion by 2025.

Minister of Planning and Investment Nguyen Chi Dung expected Vietnam and India to accelerate the process of opening markets for goods and products from each country.

The Indian ambassador said both Indian and Vietnamese companies will find opportunities to support one another.

Northeast Asian markets such as China, Japan, Taiwan and South Korea make up a significant source of revenue for Vietnamese airlines.

Smooth execution of the deal will be a boost for Vietnam's economy amid a global slowdown and the ongoing Covid-19 epidemic.

Vietnam’s modern grocery retail and pharmacy sector will benefit specifically from the country’s consumer spending growth story.

In 2020, Vietnam’s economy will largely be driven by digital transformation and disruptive technologies, and the recruitment market will face lack of digital talents.

Vietnam welcomes US initiatives for potential cooperation in fields of energy, science, infrastructure.

As of present, four Vietnamese airlines are operating 14 flight routes to South Korean’s major cities.

The fears of coronavirus have clouded prospects for the global economy and caused difficulties for Vietnam's stock market.

However, as South Korean passengers have now cancelled air bookings to Vietnam, airlines are reducing flight frequency to South Korea.