To my knowledge, among the 24 countries which have made public their NOE/GDP, only five countries have the percentage under 5 per cent; six countries having the percentage under 10-15 per cent; seven countries with 16-20 per cent; four countries with 21-30 per cent and two countries with more than 30 per cent. … [Read more...] about The significance of the non-observed economy in Vietnam
Laos vietnam map
Analysts see opportunities for Vietnam in coronavirus crisis
The Vietnamese stock market started the new year 2020 with the VN Index jumping to the 990 point threshold and foreign investors buying continuously. The net purchase by foreign investors had reached VND2.117 trillion as of January 24. Asked about the impact of coronavirus, Tuan said the epidemic is having negative impact on many business fields, including aviation, real estate, tourism and F&B. … [Read more...] about Analysts see opportunities for Vietnam in coronavirus crisis
U.S. remains largest buyer of Vietnam’s wood products
Last year, Vietnam earned over US$10.3 billion in exports of wood and wood products. Of this, outbound sales to Vietnam’s top five export markets---the U.S., Japan, China, South Korea and the European Union---made up US$9.3 billion, equivalent to 90% of the total value. … [Read more...] about U.S. remains largest buyer of Vietnam’s wood products
Vietnam requires license for exporting face masks during COVID-19 epidemic
The government has charged the Ministry of Health with taking the prime responsibility and coordinating with the Ministry of Industry and Trade and the Ministry of Finance in issuing dossiers and procedures for granting export permits for medical masks to be used during the prevention of the COVID- 19 outbreak. … [Read more...] about Vietnam requires license for exporting face masks during COVID-19 epidemic
COVID-19 outbreak to accelerate relocation wave from China to Vietnam
However, there are some signs that others are starting to take notice of this possible outcome. Two weeks ago, a senior fellow at the influential Milken Institute commented that the crisis will “underscore to all of China's trading partners the value of diversification away from China”, and he went on to say that COVID-19 is speeding up the dismantling of US firms’ sourcing from China even faster than the trade war did. … [Read more...] about COVID-19 outbreak to accelerate relocation wave from China to Vietnam
