Upcoming EVFTA to fortify lenders, illustration photo The EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement are set to amplify European giants’ presence in Vietnam. After the trade deal moves into effect, Vietnam will lift some limits on foreign ownership in local banks to 49 per cent in the next five years, with the exception of the four joint-stock commercial banks in which the state still holds a controlling stake. … [Read more...] about Upcoming EVFTA to fortify lenders
Norway luxury market
Bochmann: COVID-19 has completely halted tourism activities, not only in Vietnam but pretty much the whole world. I don’t think that people outside the tourism industry completely understand how big the disruption is and how many people this affects. It’s not just hospitality workers in hotels and travel/tour operators (which number in the thousands), but also the families that rely on them to fill their rice bowls at home. For every hotel worker, travel/tour operator, there are also about four merchants, suppliers, farmers, shop owners, and drivers that rely on tourists to come to Vietnam and holiday or conduct business meetings, conferences, and exhibitions. … [Read more...] about How should Vietnam prepare for post-pandemic tourism recovery?
According to the chairman of the Ha Dong people's committee, Vu Ngoc Phung, in the first half of the year, the industrial and handicrafts sectors in the district have been growing at a good rate. They are economic spearheads along with others like trade, tourism and services, helping restructure the local economy and creating tens of thousands of jobs. … [Read more...] about Billion dollar developments spur Ha Dong growth