Trade - Service

The export turnover of the FDI sector in 2018 climbed 12.4% year-on-year or US$18.98 billion to US$171.53 billion, accounting for 70.4% of Vietnam’s total exports.

Although the increase will not be considerable for countries with which Vietnam has already signed bilateral or multilateral trade agreements, for Canada, the impacts will be positive.

During the course of the investigation, the authority could apply a provisional anti-dumping duty of maximum of 35.8% for Chinese-originated aluminum.

Since its notification to New Zealand, the deal depositary, on November 15, 2018, the CPTPP has become effective for Vietnam on January 14, 2019.

In order to achieve the global sustainable development goal 2030, green tourism has been chosen as the main topic at the 2019 Vietnam International Travel Mart (VITM).

The 2019 ASEAN Tourism Forum (ATF) with theme “ASEAN – The Power of One” will take place in Ha Long city, Quang Ninh province.

Vietnam Airlines’ on-time performance in the last two months of 2018 has improved significantly, reaching the fifth place among 35 airlines in the Asia – Pacific in terms of punctuality, VnExpress reported.

Vietnam`s e-commerce retail logistics market is valued at EUR90 million (US$103 million) in 2018, and is forecast to experience an average growth of 42% per year till 2022.

With strong investment in acquiring retail businesses, this market is forecast to be more and more competitive, and the game seems to be only for big players.

Bamboo Airways has now met all requirements from the aviation authority proving its capabilities to ensure full safety in flight operation, local media reported.

The figure has not taken into account additional capital inflows and the pressure for Vietnam to reform its business and investment environments, the governmental portal reported.

The high growth of the sector is mainly attributed to personal insurance, including life insurance, healthcare insurance and motor vehicle insurance.

The 2019 ASEAN Tourism Forum (ATF) will open in Ha Long city, Quang Ninh province, Vietnam in two weeks` time.

Unlike other ride-hailing services, Tada charges no commission fee to its drivers, so that they can receive the full payment from passengers.

Hanoi’s revenue from travel services in three days of the New Year holiday is estimated at VND844 billion (US$36 million), a 13% increase from the same period last year.

The export turnover in 2019 would increase 10% compared to 2018 to US$21.5 billion, accounting for 9% of Vietnam’s total export value.

In December alone, Vietnam received more than 1.3 million inbound visitors, representing an on-year jump of 7.7%.

Vietnam recorded trade surplus of US$7.2 billion in 2018, in which the domestic sector reported a trade deficit of US$25.6 billion, while foreign-invested firms posted a trade surplus of US$32.8 billion.

Foreign tourists spent US$96 per day on average in Vietnam in 2017. That is significantly below Singapore (US$ 325), Thailand (US$ 163), Malaysia (US$ 134), Indonesia (US$132) and the Philippines (US$115).

The plan would increase the total number of VinMart+ stores in Vietnam to 1,700, cementing its place as the top retailer in the country.