Gdp growth

The key for ITL will be focusing on core businesses and customers to protect our existing market share while ensuring that we continue to deliver best in class levels and achieve our expected growth levels. Disruption and uncertainty are a key part of the challenges we face in the industry today locally and regionally and to overcome these challenges, we must remain focused and committed to our strategy. For ITL, we saw the launch of new domestically focused business units such as our new distribution business in 2018 and warehousing business in 2019. This enabled us to continue to benefit from our international play but also ensure we were in the right position to leverage on domestic growth. Equally, we have positioned ourselves to be a leader in international e-commerce cross border logistics which is a major game-changer and growth area in the industry. … [Read more...] about Our vision is to be ‘National Champion’ in the logistics industry in Vietnam

In addition to textiles, footwear, furniture, electronics, and agricultural and fishery products, Vietnam will have opportunities to attract investment to the retail sector, tourism, entertainment, education, health care, support industry, and logistics services, Loc said. Phan Duc Hieu, Deputy Director of the Central Institute for Economic Management (CIEM), affirmed that the Government has made great efforts to improve the business environment. … [Read more...] about Vietnam among top destinations for investment

Hanoi (VNS/VNA) - The domestic hotel industry will face many challenges during development, especially in the application of technology, according to an expert from Savills Vietnam – a foreign property service provider in Vietnam. In most countries, three- and four-star hotels are usually popular with domestic tourists, and Vietnam is the same, said Troy Griffiths, Deputy Managing Director of Savills Vietnam. “In this golden age of domestic tourism for Vietnam, we can see that these are generally performing well,” he said in a statement. Infrastructure in Vietnam is developing at a rapid pace with a multitude of second-tier cities now touting international capacity. This, in turn, pulls forward competitiveness and capacity, so for the short to medium term, Savills Vietnam believes hospitality and particularly the low mid star level is well-positioned to take advantage of the boom in tourism. Local budget level is exposed the greatest to competition as capital … [Read more...] about Local hotel industry faces challenge in technology

Hanoi (VNS/VNA) - The Ministry of Finance will tighten regulations over corporate bond issuance because of an overheating market to protect investors and prevent risks which might arise from the abuse of this capital raising channel. The ministry has made public a draft decree to amend several points of Decree 163/2018/ND-CP about corporate bond issuance for comments, which included amendments of conditions for corporate bond issuance, rates, issuance approach in domestic and international markets, information disclosure and reporting mechanism. It was pressing to tighten the management as the market has seen rapid growth since banking credit for several sectors were narrowed, forcing firms to shift to bond issuance to raise capitals. The corporate bond market has been overheating development in recent years. Statistics of the Hanoi Stock Exchange showed that 211 firms issued bonds worth totally 280 trillion VND (12.1 billion USD) in 2019, representing a rise of 25 percent … [Read more...] about Ministry eyes tightening corporate bond issuance