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.
REFORM IS PREREQUISITE FOR ECONOMIC RECOVERY
The Central Institute for Economic Management (CIEM) said that Vietnam’s GDP growth may reach 5.98% or 6.46% in 2021 under a more positive scenario. The economy will, nevertheless, still face many risks.
FOXCONN’S LAPTOP PLANT IN BAC GIANG AND IMPLICATIONS FOR VIET NAM
According to the Ministry of Planning and Investment, the project indicates that Government’s great efforts to improve business climate have brought about tangible outcomes in the context that multinational business giants are planning supply chain diversification and optimization.
