With the successful control of COVID-19, Vietnam has been widely recognised by the international community as a safe and attractive investment destination.
Vietnamese goods are likely to face intense competition once the EU-Vietnam Free Trade Agreement (EVFTA) takes effect in early August, economists have forecast.
Vietnam would remain a prime candidate for gains over the near term, according to Fitch Solutions.
Vietnam’s coal imports in the first half of this year surged by more than 50% to a record high, government data showed on Monday, mostly to feed the country’s growing number of coal-fired power plants.
The price of pigs in Vietnam, which while dropping remains much higher than before the global health crisis, is being deemed the main factor creating breakthrough profits for husbandry groups, while a deeper drop thanks in part to Thai imports has yet to materialise.
The State Bank of Vietnam set the daily reference exchange rate at 23,216 VND per USD on July 14, down 4 VND from the previous day.
A policy allowing foreign individuals and organisations to buy and own houses and construction works in Vietnam will help lure investment and high quality human resources from the outside to the country for national development, according to Nguyen Tran Nam, Chairman of the Vietnam Real Estate Association.
Under the revised regulation, local oil and petrol traders are now allowed to transfer their stakes to foreign investors but foreign ownership should not exceed 35%.
Vietnam imported 39,000 cars worth US$879 million in the first half of the year, down 47% year-on-year in volume and 47.7% in value.
Mondelez International – the world’s leading snack corporation and the parent firm of Kinh Do Mondelez Vietnam – announced that it would reduce its product portfolio by approximately 25 per cent.