PROSPECTS REMAIN BRIGHT OVER DENTED REMITTANCE INFLOWS
Based on forecasts from the World Bank as well as information from commercial banks and organisations working on inward remittance transfer, the inward remittance volume to Vietnam may have reached as much as $15.5 billion in 2020, placing the country ninth among the top 10 inward remittance recipients worldwide. Vietnam averaged a 35.6-per-cent hike a year during 2016-2020 compared to the 2011-2015 period.
FIVE TRENDS IDENTIFIED FOR REAL ESTATE MARKET IN 2021
Businesses’ shift to “green” and sustainable activities will be the fourth trend leading the property market in 2021, JLL noted, adding that buildings with high ESG (environmental, social, and governance) ratings may see their rentals rise by up to 33 percent compared to those without similar “green” certification.
HK UPDATE: ENTRY OF NATIONALS OF VIETNAM FOR STUDY AND UNDER THE IMMIGRATION ARRANGEMENTS FOR NON-LOCAL GRADUATES
We would like to inform you that the entry policies for nationals of Vietnam for study and under the Immigration Arrangements for Non-local Graduates (IANG) will be relaxed with effect from today (January 25). Under the latest policies, nationals of Vietnam will be eligible to enter Hong Kong for study in full-time locally-accredited local programmes at undergraduate or above level offered by the University Grants Committee (UGC)-funded institutions.
AIRPORT LOGISTICS COMPANIES REPORT PROFITS DESPITE COVID-19
Nội Bài Cargo Terminal Services (NCT) reported revenue in the fourth quarter of 2020 of VNĐ205.6 billion (US$8.9 million), an increase of 11 per cent over the same period last year.
JOB MARKET EXPECTED TO PICK UP IN 2021
The job market will slightly pick up in 2021, with more recruitment demand for employees in manufacturing, IT, banking, and insurance industry, according to a report on the middle and senior recruitment demands in Vietnam by Navigos Vietnam.
VIETNAM’S E-COMMERCE MARKET GENERATES $11.8 BILLION IN 2020
According to a report by the Ministry of Industry and Trade's Department of E-commerce and Digital Economy, 53 per cent of the population has joined the online retail market, boosting the growth of Vietnam’s e-commerce sector by 18 per cent to $11.8 billion, accounting for 5.5 per cent of the total retail sales.
HAI PHONG TARGETS US$2.5-3 BILLION OF FDI IN 2021
The northern port city of Hai Phong has set a target of attracting US$2.5-3 billion in foreign direct investment (FDI) in 2021, with priority given to industrial and service projects using modern and highly efficient technologies.
