According to the NA-assigned targets, Vietnam’s GDP growth rate in 2020 will be 6.8% while inflation will be kept below 4%. However, the unexpected outbreak of COVID-19 in more than 200 countries around the world has made this goal a major challenge which, as assessed by the Government, is difficult to be achieved. Given that fact, the proposal to adjust the growth targets is necessary and consistent with objective reality, looking directly at the socio-economic situation and forecasting the international and domestic situation in the near future. Under the Government’s updated scenario, the country’s GDP will grow by about 4.5% in 2020. The Government has also set a higher growth target of 5.4% in the event of a favourable global situation, with the disease being put under control and the global market recovering. Meanwhile, the consumer price index (CPI) for the whole year will rise by 4% on average; total state budget revenue will see a reduction of VND163 trillion … [Read more...] about BUSINESS NEWS HEADLINES MAY 30
Luxury market trends 2018
Vo Thi Phuong Mai, deputy director and head of retail services of CBRE Viet Nam, said the COVID-19 pandemic had negatively impacted direct visitor traffic but creating many opportunities for small and medium-sized models such as convenience stores, pharmacies and especially e-commerce. … [Read more...] about E-commerce a positive for retail sector
Saebel: Local tourism can certainly offer a certain supply of customers; however, with the massive hotel expansion which we have experienced over the last few years, it is impossible to fill rooms in a profitable way. We certainly see reluctance in F&B sectors, with once crowded restaurants currently sparsely occupied. During times of emergency, people tend to lean toward frugality and the luxury of a hotel stay becomes an unnecessary expense. … [Read more...] about How should Vietnam prepare for post-pandemic tourism recovery?
Asia Pacific Smart TV market is witnessed with strong growth rate due to increasing disposable income of people and initiatives taken by leading manufacturers in Asia Pacific region. In SEA and particularly in Vietnam, TV brands have been changing from analog TV to smart TV and AIoTV (Artificial Intelligence - Internet of Things -- TV). On the first half of 2020, smart TV market became one of the most popular trending of digital device market with many options ranking from cheap to high-end qualities. … [Read more...] about Coocaa S6G TV breaks e-commerce live streaming record on Lazada Vietnam with 1000 in sales
In Southeast Asia, particularly Vietnam, TV brands have been shifting from analog TV to smart TV and AIoTV (Artificial Intelligence - Internet of Things – TV). So far this year, smart TVs have become one of the most popular trends in the digital device market with many options in several price ranges. … [Read more...] about New TV marks Vietnam launch with live-streaming sellout of 1,000 units