Vietnamese year-end shoppers have mostly snatch discounted items such as clothing, shoes, bags, households appliances, kitchen items. Types of sales promotions in retailers which have been offering discount their goods or services by 50 percent, 80 percent and additional 10 percent in the bill. … [Read more...] about Vietnamese consumers start hunting discounted goods during Black Friday Deals
The Covid-19 pandemic came as a great shock to most economies, including Vietnam. Still, Vietnam’s resilience proves this is also an opportunity for the country to give the private sector and the domestic market more attention. The public debt-to-GDP ratio is expected to be 46.1% in 2021, on the basis of GDP revaluation, so it is quite possible to improve this ratio, especially in the context of real interest rates around 0% in developed economies, plus a high savings rate at home. However, policies such as increasing public debt and curbing inflation need to be carefully studied with data of Vietnam concerning the following two issues. … [Read more...] about Demand stimulus: where to begin?
Livestream marks launch of first COVID-19 fashion collection Local designer Chung Thanh Phong unveiled a fresh fashion line to the public via a Facebook livestream on May 18 with the theme of “Save Yourself” to promote efforts to combat the novel coronavirus (COVID-19). … [Read more...] about Dirt-cheap so-called ‘branded’ cosmetics fooling people on Facebook
Nguyen Thi Thu Huong, general director of Kinh Bac City Development Holding Corporation told VIR, “Kinh Bac is proactive in approach and set up appointments with target investors to introduce our industrial parks and discuss the investment environment as well as incentives of Vietnam in general and Kinh Bac’s industrial park in particular.” … [Read more...] about Belt and Road Summit 2020 offers opportunities with high-quality foreign investors
For the 2016 – 2019 period, Hanoi’s average GRDP growth was 7.36%. In 2020, given the severe impacts of the Covid-19 pandemic, the city’s average economic growth in the 5-year period of 2016 – 2020 would be 6.67% (higher than the national average of 5.9%), informed Mr. Toan at a meeting on November 28. … [Read more...] about Hanoi’s economic growth set to reach 3.94% this year