Banking industry

At the same time, the government aiming to build and develop Phu Quoc into a strong international marine eco-tourism service and tourism center and develop major tourist centers in the Central Coast region. To achieve this goal, in the period 2021 - 2025, the Ministry of Culture, Sports and Tourism will organize activities to promote marine tourism associated with promoting the value of natural resources, unique nature, culture, as well as the history of coastal and island regions./. … [Read more...] about VIETNAM NEWS DECEMBER 1

E-commerce has driven significant growth locally, at 46%, alongside strong growth across the majority of sectors with the exception of travel. Overall, the year’s gross merchandise value (GMV) is anticipated to reach a total value of US$14 billion, representing annual growth of 16%. Looking forward to 2025, the overall economy is likely reach US$52 billion in value, especially with both Hanoi and Ho Chi Minh City being named among the top 10 most dynamic cities in the world in 2019, according to City Momentum Index 2019. … [Read more...] about Digital transformation accelerates online sales target of US$35 billion

During this period, Vietnam Airlines and Pacific Airlines operated more than 100 return commercial flights carrying more than 30,800 Vietnamese citizens back home from nearly 30 countries, conducted more than 2,600 cargo flights, including free-of-charge medical equipment, to all parts of Viet Nam and many countries, contributing to ensuring trade and supporting prevention of the outbreak on a global scale. … [Read more...] about Vietnam Airlines reports huge losses

Takeaways from the State of the Global Islamic Economy Report 2020/21 will be unveiled at Reimagine: Halal in Asia 2020, providing insights on capturing opportunities in the resilient Muslim market Malaysia (#1) once again tops Global Islamic Economy Indicator for the eighth year. New entrants to the top 15 include Singapore, Sri Lanka, and Nigeria. Travel worst hit while food segment fares the best; global spend on Halal food and beverage forecast to hit US$1.38 trillion by 2024. Investments in Islamic economy-relevant companies totalled US$11.8 billion in 2019/20, a decline of 13 percent compared to the previous year. Indonesia (#1) and Malaysia (#2) ranked ahead in terms of investment activities, while Halal food sector expanded by 219% to $6.3 billion in total deal value. 33 key signals of opportunities identified including: tokenisation of sukuks (Islamic bonds) within Islamic fintech, supply chain shifts, food security investments, nutraceutical demand, domestic tourism, and … [Read more...] about Consumer spending in Islamic economy sectors forecast to rebound by end-2021, market size slated to reach US$2.3 trillion by 2024

"North African economies, specifically Morocco and Tunisia, can build on the ongoing shift to high-tech manufacturing and expansion of their trade networks while the Middle East is well endowed with renewable energy sources and raising funds for renewable energy projects is becoming easier," noted Niels De Hoog, Senior Economist, Atradius. "These efforts must be taken to the next level because holding on to the current economic model will form an increasing drag on growth." … [Read more...] about Atradius: COVID-19 crisis lends fresh urgency to MENA economic diversification efforts