Lan made the statement during a reception for Korean Ambassador to Viet Nam Park Noh-wan on Wednesday, during which she called on Korean investors to pour more investment into Bac Ninh, especially in the development of smart cities, education-training, high-tech agriculture, supporting industry, environmental protection and energy-saving technology, and automobile and component manufacturing. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 18
Vietnam venture summit 2020
Vietnam seeks to avoid middle-income trap before time runs out and population ages
A study by the Asian Development Bank (ADB) in 2018 found that the average time a country needs to go from a lower average country to a high income country is 30 to 40 years. After the ‘golden period’ finishes, if the income of a country doesn’t increase, it will be officially be seen as falling into the middle-income trap. … [Read more...] about Vietnam seeks to avoid middle-income trap before time runs out and population ages
Companies collect $17 billion via bond issuance in 2020
In December 2020, there were 98 registrations for bond issuance with a total registered value of VNĐ75.35 trillion, 4.2 times higher than the previous month. Of them, there were 47 successful issuances from 35 enterprises, raising VNĐ34.7 trillion, accounting for 45.7 per cent of the total registered value. … [Read more...] about Companies collect $17 billion via bond issuance in 2020
Vietnam Railways Corporation predict huge loss amid Covid-19
The number of passengers sharply dropped in 2020 because of Covid-19 and severe flooding in the central region. Service quality was also affected by the VND7trn (USD302m) infrastructure repair and upgrade project. The trains had to run very slowly in 50 locations. Sometimes railway sections were blocked. The number of passengers dropped by 52.5% compared to the previous year while the revenue from passenger transportation decreased by 51.7%. Many train services were temporarily suspended. … [Read more...] about Vietnam Railways Corporation predict huge loss amid Covid-19
Việt Nam maintains stable exports to Israel in 2020
Turnover of most key export items rose strongly in the month, with coffee up 108.6 per cent, footwear 35 per cent, phones and accessories 31 per cent, textiles and garments 21.4 per cent, cashew nuts 16.9 per cent, and seafood products 3.3 per cent. … [Read more...] about Việt Nam maintains stable exports to Israel in 2020
