Trade - Service

The Ministry of Public Security has issued 336,932 e-visa to foreigners from January 2017 to October 2018.

In June, Bamboo Airways announced it signed a deal worth US$5.6 billion to acquire 20 Dreamliner commercial jets from Boeing after the airlines inked a similar deal costing US$3 billion with Airbus.

The event is among other cultural and tourism activities to celebrate the 45th founding anniversary of diplomatic relations and the 5th anniversary of the establishment of the strategic partnership between Vietnam and France.

As of October 2018, Vietnam has imported 14,261 cars worth over US$295 million. Cars from Thailand and Indonesia accounted for 75% of total cars imported to Vietnam.

The revenue is equal to 89.8% of the year’s plan and 86.74% of the expectation, local media reported.

During the January – September period, total revenue of the airline stood at VND73.50 trillion (US$3.15 billion), up 18% year-on-year.

In the ten months of 2018, Nha Trang, Khanh Hoa province welcomed more than 5 million visitors, marking a 115% rise from the same period last year.

Starting on October 12, Vietnam has accepted payment in the Vietnamese dong (VND), Chinese yuan (CNY), or fully convertible currencies for overland trade activities with China.

During the January – September period, the dairy firm’s net revenue from sales of goods and provision of services reached VND39.55 trillion (US$1.69 billion), up 2% year-on-year.

In October alone, the number of foreign visitors to Hanoi is estimated at 355,000, a 1.4% increase from the same period last year.

High logistics cost is one of the main barrier for the sector`s development in Vietnam.

Vietnam`s trade turnover reached US$394.11 billion in the first ten months of 2018, of which, export value amounted to US$200.27 billion, up 14.2% year-on-year, and imports totaled US$193.84 billion, up 11.8%.

The move is part of VinFast`s plan to establish 30,000 - 50,000 charging stations and battery leasing nationwide.

In recent years, the number of visitors to Bat Trang for visiting and purchasing was estimated at 200,000 visitors per year.

The switchboard, which operates 24/7, aims to provide information on Hanoi’s tourism for visitors.

With VTV Travel, the people who love traveling will have another option for information on destinations to discover.

Vietnam’s online marketplace is developed rapidly given by big investments of foreign players, which has helped local consumers access to better quality services at more reasonable prices.

“Enhanced regional cooperation and coordination can help countries manage regional issues, particularly if they complement national and global actions,” said ADB Chief Economist Yasuyuki Sawada.

FDI companies in the Southeast Asian country enjoyed a trade surplus of US$23.98 billion year to October 15.

By further removing business conditions, the Ministry of Industry and Trade (MoIT) would remove a total of over 72% of business conditions under its authority and 14% nationwide.