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After fast growth, domestically assembled cars face downtrend The year 2020 witnessed many ups and downs of the car market. In H1, demand dropped dramatically because of Covid-19, but in H2, cars sold well thanks to the preferential vehicle registration tax. … [Read more...] about Car sales in Vietnam plunge 8% in 2020

Hanoi (VNS/VNA) - Public investment will focus on key national projects with important roles in enhancing regional links and creating new drivers and room for economic growth, Minister of Planning and Investment Nguyen Chi Dung has said. Last year saw the highest public investment disbursement rate in 2016-2020 as the Government identified public investment as a major driver for growth in the context of the COVID-19 pandemic. The Ministry of Planning and Investment estimated the public investment disbursement rate would reach more than 90 percent of the plan as of the end January 31 (the deadline for disbursement of 2020 public investment), compared to 73.3 percent of 2017, 66.8 percent of 2018 and 67.46 percent of 2019. There were 17 ministries, central-level agencies and 17 localities with disbursement rates of more than 80 percent as of December 31, 2020. However, 13 ministries and central-level agencies and five localities had disbursement rates below 60 percent. … [Read more...] about Public investment will focus on key projects: Minister

Nguyễn Tuấn Anh, factory director of Sao Kim Pharmaceutical Joint Stock Company, which produces and exports anti-malarial drug materials to Africa and some Southeast Asian countries, said his company expected to partner more with the Indian firms for more projects in Việt Nam to serve the potential pharmaceutical market with a growth rate of more than 15 per cent each year. … [Read more...] about Vietnamese, Indian pharmaceutical enterprises have great opportunities in Viet Nam

Vice Chairman of the provincial Department of Industry and Trade Huỳnh Ngọc Dương said selling products on Amazon will help local goods engage in the global value chain, adding many training courses have been held to improve local firms’ understanding of e-commerce activities. … [Read more...] about Đắk Lắk aims to boost exports via Amazon

Established in 2015, Propzy is a real estate technology business which has successfully raised US$37 million from foreign investors like Gaw Capital and SoftBank, who poured $25 million in series A funding. The other investors include Next Billion Ventures, RHL Ventures, Breeze, FEBE Ventures, RSquare and Insignia. … [Read more...] about Propzy to support start-up