Business

HCM City Real Estate Association (HoREA) is optimistic that the real estate market in 2021 will see strong recovery and provide a large amount of accommodation for the city in the next 5-10 years.

Microsoft on Thursday lobbied for other countries to follow Australia's lead in calling for news outlets to be paid for stories published online, a move opposed by Facebook and Google.

The Vietnam Design Association – HCM City has launched the “VinFast Global Showroom Design Competition 2021” to find the most outstanding design idea for VinFast’s global showrooms.

The spread of COVID-19 around the world created difficulties for businesses in promoting their products and seeking new customers but many were prompted to change trade promotion strategies and adapt.

Many firms are worried about staff shortages after the Tet Holiday and have asked employees to not return home for Tet.

The Ministry of Trade and Industry has decided to levy a temporary anti-dumping tax of 33.88% on sugar imported from Thailand.

Vietnam's agro-forestry-fishery exports aim to reach US$60-62 billion by 2030, according to a master plan on promoting agro-forestry-fishery exports recently approved by the Prime Minister.

The Vietnamese railway sector has launched attractive discounts after large numbers of train tickets were returned due to the new Covid-19 outbreak.

Cambodia has announced an end to the ban on catfish import from several neighbouring countries, including Vietnam, according to the Ministry of Industry and Trade.

The Prime Minister has approved a scheme aiming to increase Vietnam’s agro-forestry and fishery export value to between US$ 60-62 billion by 2030.

Tax revenues from online advertising business models of foreign organisations that do not have legal entities in Vietnam like Google, YouTube or Facebook hit 1.14 trillion VND (49.5 million USD) last year, reported the General Department of Taxation.

Vietnam's tuna exports increased strongly in the first month of this year, especially to the US market with many orders.

The US Department of Commerce (DOC) has issued a preliminary conclusion regarding an anti-dumping investigation into copper pipes which originate from Vietnam, according to the Ministry of Industry and Trade.

Hanoi is unlikely to see any major changes in its apartment market this year or experience the short supply as seen in HCM City, Director of Savills Hanoi Matthew Powell has said.

Tourism firms in HCM City are calling for support from local authorities after thousands of customers cancelled their Tet tours following the new Covid-19 outbreak.

Bonsai traders are facing slow sales despite lower prices due to the virus outbreak in Hanoi.

Indonesia on Friday logged its first annual contraction since the 1998 Asian financial crisis, as the coronavirus pandemic slammed Southeast Asia's biggest economy.

Remittances to Ho Chi Minh City still rose by 12% year-on-year to US$6.1 billion in 2020 despite the COVID-19 pandemic, according to the State Bank of Vietnam’s Branch in HCM City.

The latest Business Climate Index unveiled by the European Chamber of Commerce in Vietnam on February 3 indicates that EU companies in Vietnam ended 2020 with overall optimistic view about the country’s business climate.