While many progressive young people snub the business of joss paper offerings, older generations maintain their respect for the afterlife.
Viet Nam stood out as the world’s largest cashew exporter last year but there remains many challenges ahead for the country to retain its leading position in the future.
After being relatively stable last year, the foreign exchange rate of the Vietnamese dong against the US dollar is forecast to be under greater pressure in 2020 due to both internal and external headwinds.
The recently signed US-China trade deal, an effort to calm trade tensions between the world’s two largest economies, will force Vietnamese businesses to grow in order to meet the challenges as well as the opportunities it brings, said economic experts.
Building a transparent legal framework; improving the business climate; adopting flexible policies on imports, exports and foreign exchange rates; and protecting the environment will be needed to achieve Vietnam’s 2020 economic growth target of 6.8%, according to the Vietnam Institute for Economic and Policy Research (VEPR).
The common but illegal practice of underreporting revenues from property sales is helping property sellers in Vietnam dodge heavy taxes, but authorities say they have begun cracking down on such schemes.
PhD students need to connect with industries to benefit the economy in Viet Nam, experts said at a recent workshop in Ha Noi.
Viet Nam has been unable to gain export growth to all CPTPP member countries, according to the Ministry of Industry and Trade.
Vietnam has made significant progress in improving its business climate, as reflected in various international reports and rankings.
The supporting industry boosted the development of Viet Nam's industrial real estate market last year, according to CBRE Viet Nam Co, Ltd.