Trade - Service

KB Securities predicted there would be flat growth in foreign tourist arrivals to Vietnam in 2020, compared to 15% growth in 2019.

Before the nCoV outbreak, three Vietnamese airlines namely Vietnam Airlines, Jetstar Pacific and VietJet operated 87 regular and charter flight routes to 54 destinations in China with a total of 401 flights per week.

In Vietnam, demand for medical face masks and hand sanitizers has increased sharply on fears of potential outbreak of the new coronavirus (nCoV).

This is the right timing for Vietnam to restructure economic sectors, said Minister of Industry and Trade Tran Tuan Anh.

Customers already booked a seat on those routes can get refunded or change to earlier flights free of charge, Vietnam Airlines informed.

The company is concerned that demand from China, which accounts for half of the group’s shipments of latex, will fall.

The epidemic has not left major impacts on bilateral trade relations, said the Ministry of Industry and Trade.

Vietnam's trade turnover is set to reach US$38.1 billion in January, of which its exports amount to US$19 billion, down 14.3% year-on-year, and imports total US$19.1 billion, down 11.3%.

Vietnam last year received some 18 million foreign tourists, including 5.8 million Chinese guests.

The center would be among the WEF’s global network of Industry 4.0 centers.

With the consent of the trade committee, the European Parliament is set to vote on the trade deal and the investment protection agreement at its February session in Strasbourg.

The trade deal would create favorable conditions for greater cooperation in trade and investment between the two countries.

Hun Sen expects that significant investment in rice processing sector will boost Cambodia's rice exports to Vietnam.

Given the growing US – Vietnam diplomatic relations and Vietnam’s willingness to address the US's concern related to trade issues, the chance for this to happen is nearly zero, said an expert.

Vietnam would continue to pursue a flexible monetary policy and affirms it has no intention of seeking unfair trade gains.

In 2019, the authorities were able to handle major cases of smuggling and selling of counterfeit products, a fact that was not possible in the past.

Japan becomes one of favorite markets for Vietnam's workers thanks to high salary, safe working environment, and relaxed working rules.

Nguyen Thai Hai Van, the first female CEO of Grab in Vietnam, is set to be responsible for setting up a development strategy for Grab operations in the country.

Japan expects Vietnam to continue using Japanese technologies and equipment in the development of e-government.

Vietnam’s tax authority requested Coca-Cola Vietnam to fulfill its obligations within 10 days since being informed of the fine.