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According to reports by the Japanese media outlet, the Communist Party's economic tool of choice, the five-year plan, puts the technology sector at the centre of Vietnamese ambitions to become an upper-middle-income country by 2025. In an effort to meet this goal, Vietnam recorded a handful of high-profile investments last year, including Pegatron, a supplier for Apple and Samsung, and LG Electronics, which relies on the Vietnamese market for its vehicle and smartphone businesses. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 21

According to a World Bank report on Viet Nam's economy released earlier this month, the country is in an excellent position to pull off a strong recovery as GDP growth for the last quarter of last year accelerated to 4.5 per cent, making it one of the fastest-growing economies in the world. … [Read more...] about Vietnam eyes strong recovery from pandemic this year

Revenues jump by up to 37 percent In recent days, many supermarkets have seen lots of footfalls. At certain times of the day, customers have to wait in line for their turn to pay. Ms. Nguyen Minh Ha, a customer of Co.opmart Nguyen Dinh Chieu in District 3, shared that this year her family decided not to travel but to stay in the city to celebrate the Tet holidays. So, when she had free time, she visited supermarkets to buy decorative products for her house and food to make many delicious dishes for her family. Mr. Nguyen Anh Duc, CEO of Saigon Co-op, said that in the first week of January this year, the purchasing power of the whole network surged by 37 percent compared to the previous week. Revenues surged robustly in a wide range of essential commodities, from fresh and processed foods, cosmetics, kitchen appliances to garments. The purchasing power at supermarkets in other provinces and cities has also increased well, especially at newly-opened supermarkets, such as Thap Muoi … [Read more...] about Purchasing power for Tet goods flourishes

“We’re thrilled to announce this partnership to help millions more Clients in Vietnam achieve lifetime financial security and live healthier lives with Sun Life,” said Mr. Léo Grépin, President, Sun Life Asia. Mr. Larry Madge, CEO, Sun Life Vietnam added, “ACB is a leader in Vietnamese banking and shares our focus on delivering exceptional Client experience, leveraging digital and analytics, and providing innovative solutions. We look forward to working with ACB to secure a brighter future for their Clients in Vietnam.” … [Read more...] about Asia Commercial Joint Stock Bank and Sun Life Vietnam announce a 15-year exclusive bancassurance partnership in Vietnam