Business

The Vietnam Travel Aviation Co. Ltd (Vietravel Airlines) made its debut in Ho Chi Minh City on Dec. 26 after fully meeting necessary requirements and procedures for commercial operation.

Vietnam is expected to achieve a GDP growth rate of 2.8% this year, a significant figure among new emerging economies despite the impact of the COVID-19 pandemic, revealed Finance Minister Dinh Tien Dung.

Thailand has continued to hold a large share of Vietnam's car imports according to initial statistics of the General Department of Vietnam Customs.

Trawling expeditions in the month of lunar November can bring good money to the fishermen in Phu Yen Province, especially bountiful catches of baby lobsters that are often used for breeding.

Vietnam has imported up to 308,325 pigs from Thailand since June, helping to ease the high pork prices in the domestic market.

The US, New Zealand and Canada are the most attractive countries for employer investment based on 200 factors that evaluated skills availability, cost efficiency, regulation and productivity, while Vietnam is among the top five in cost efficiency.

The Ministry of Planning and Investment has proposed special policies for large State-owned enterprises to make them spearheads in key industries of the economy.

Prime Minister Nguyen Xuan Phuc has asked the agriculture sector to strive for the target of 44 billion USD from exports in 2021.

A national forum aimed at fostering the development of local digital enterprises kicked off on December 23 in the capital as part of a one-year review since the implementation of the “Make in Vietnam” strategy.

The annual Vietnam Business Forum (VBF) 2020 opened in Hanoi on Dec. 22 with the theme “Challenges and opportunities in the new normal”.

The State Bank in Ho Chi Minh City branch forecasts that overseas remittances to the city will surpass USD5bn this year.

Vietnam’s prospects appear positive as the economy is projected to grow by about 6.8 percent in 2021 and, thereafter, stabilise at around 6.5 percent, according to the latest World Bank’s economic update for Vietnam “Taking Stock”.

The US Treasury Department’s labelling of Vietnam as a currency manipulator is biased, as it is only based on US standards and lacks suitable consideration as well as recommendations from international organisations, according to experts.

Many peach flower branches and trees have been put up for sale and rent at Hanoi's Quang An Flower Market in preparation for the Tet Holiday.

Vietnam has started to see recovery in the hospitality segment, according to Savills Vietnam.

Despite slow disbursement of foreign loans, that of public investment has become faster, contributing to making the country’s positive economic growth target feasible for the year.

The EU – Vietnam Free Trade Agreement has brought first successes, reflected by the strong growth of Vietnam’s exports to the EU in recent months and opened significant opportunities for sustainable development in bilateral trade.

The opportunity for Vietnamese products to enter the Cuban market is great, especially as the Vietnam - Cuba Trade Agreement has come into force with many incentives to eliminate or reduce tariffs.

A male tour guide in Hanoi has opened online Vietnamese coffee-making classes which have attracted many foreigners, offering a way for him to stay afloat amid the Covid-19 pandemic.