By Dat Nguyen October 30, 2020 01:59 pm GMT+7 Vietnam’s trade surplus hit a record $18.72 billion in the first 10 months of this year as imports slowed down amid the Covid-19 pandemic. Exports grew at 4.7 percent year-on-year to $229.27 billion, with shipments of five items, namely smartphones, computers-electronics, textile-garment, machinery-equipment, and footwear,…
By VIS team Updated on Oct. 12, 2020 As of October 12, Vietnam has not detected a new case in the community since September 2. Most COVID-19 patients in Vietnam have recovered and were released from the hospital. According to the Asia Development Bank’s forecast, Vietnam is one of the fastest growing economies in Southeast…
By VIS team Updated on Oct. 01, 2020 Like other countries, Vietnam has public holidays when all people get paid annual leave. Vietnam’s public holidays are administered by the Ministry of Labor, Invalids and Social Affairs of Vietnam (MOLISA). Vietnamese people get from 13 to 17 day-leave per year. When a public holiday falls into…
By Dat Nguyen September 25, 2020 11:02 am GMT+7 Farmers prepare lychee for exports in the northern province of Bac Giang, June 10, 2020. Photo by VnExpress/Giang Huy. Vietnam’s fruit exports to China are falling after the latter made quality and origin standards more stringent, insiders from both countries said at a conference. Demand for…
September 14, 2020 by Pritesh Samuel Vietnam and the United States celebrated 25 years of diplomatic relations in July this year – a testament to improving bilateral and economic ties since the Vietnam War. Vietnam has emerged as an ideal alternative manufacturing destination to China for US businesses, in part due to the US-China trade…
September 14, 2020 Posted by Vietnam Briefing Written by Trinh Nguyen Vietnam is among the top textile producing countries and apparel exporters in the world, emerging as an ideal alternative to China. Major factors driving industry growth are growing textile exports derived from multilateral free trade agreements and low labor costs. Despite rising challenges…
The Vietnamese observe the 2nd of September every year as the National Day that Great President Ho Chi Minh read the Declaration of Independence of Vietnam at Ba Dinh Square in Hanoi, in a ceremony that formally gave the birth to the Democratic Republic of Vietnam and now is the Socialist Republic of Vietnam. This year,…
By John Boudreau and Nguyen Dieu Tu Uyen Bloomberg September 1, 2020 16:53 GMT +7 For the past three decades, Vietnam has known only good — or great — economic news. The nation’s consistent growth as an exporter, propelled by Communist leaders who began embracing market-oriented policies in the late 1980s, pushed many into…