European

The UK has 400 investment projects in Vietnam with total registered capital of US$3.6 billion, ranking 16th among countries and territories investing in Vietnam. However, the UK’s investment in Vietnam remains incommensurate with its potential, especially given the fact that it invests about US$300 billion overseas annually. The UKVFTA is expected to yield more investment and cooperation opportunities for the two countries, helping them recover in the post-pandemic period. … [Read more...] about Key for post-Brexit trade strategy

A forecast is just a forecast, and there are many factors affecting it. So the result will rely on government policies, such as controlling COVID-19 or boosting new economic trends, and whether we have the capability to implement measures efficiently or not. I think that with what we have achieved in 2020, the economic growth can even surpass our expectations. — VNS … [Read more...] about Việt Nam’s economic growth can even surpass expectations in 2021: expert

In 2019, the U.K., the world’s 9th largest rice importer, splashed out 531 million USD buying 671,000 tonnes of Vietnamese rice. However, Vietnamese rice only accounted for 0.24 percent of the U.K.’s total rice import. Top rice exporters to the U.K. included India (22 percent of market share), Pakistan (18 percent), Spain (11 percent), Italy (10.9 percent), and Thailand (9.2 percent). … [Read more...] about First batch of Vietnamese rice exported to U.K. under UKVFTA

In addition to these achievements, the livestock sector still has shortcomings such as unsustainable growth, especially in disease control, food safety, environment and product market. The sector alsos face many challenges in the context of deep international integration. Especially following the signing of free trade agreements, domestic livestock products will have to compete more fiercely with products of the same type from foreign countries with better qualifications and experience than Vietnam. On the other hand, Vietnamese experts and the relevant agencies do not yet fully appreciate the important role of market factors for the development of the pork industry and land-related issues for grazing spaces of buffalo and beef breeding. Breeders still lack land the funds for investment in and development of farms. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 28

In 2021, the industry is already seeing FIs and fintechs race to deliver instantaneous services through new financial products, with GBG's latest research finding 31% of FIs in APAC planning to offer instant bank accounts and instant loans, 29% planning to offer instant credit cards, and 22% planning to offer user voice activated fund transfers and bill payments. To take CX to the next level, there is a probability that the financial services sector will explore replicating successes from other industries, such as retail businesses that have effectively used augmented reality (AR) and virtual reality (VR) technologies to re-create in-store experiences, which could be used by banks to create virtual in-branch experiences. … [Read more...] about GBG: Six predictions for the financial services and fraud landscape in 2021