LOCAL BANKS TO FACE COMPETITION FROM FOREIGN RIVALS
Domestic banks are expected to face increasing competition, especially as European banks will be able to access the Vietnamese market when the European Union-Việt Nam Free Trade Agreement (EVFTA) takes effect.
COMMERCIAL FLIGHTS BETWEEN VIETNAM AND ASIAN DESTINATIONS MAY RESUME VERY SOON
In a proposal to Prime Minister Nguyen Xuan Phuc on Tuesday, the ministry suggested resuming flights to Guangzhou, Seoul, Tokyo, Taiwan, Vientiane and Phnom Penh, with the frequency of one trip per week from each side.
FOCUSING ON TECHNOLOGY TRANSFER IN ATTRACTING NEW WAVE OF FDI CAPITAL
As Vietnam is attracting high-quality foreign inflows, domestic firms now have an even greater opportunity to draw technology transfer to improve added value in its manufacturing industry.
CENTRAL PROVINCE TO CALL FOR PPP INVESTMENT IN AIRPORT AND SEA PORT
Chairman of the province Lê Trí Thanh told Việt Nam News the proposal was made at a meeting with the ministry last week, stating the investment will be put up at auction following the Law on PPP recently approved by the National Assembly.
BORDERS REOPEN TO WELCOME ESSENTIAL OVERSEAS EXPERTS
The experts entered on a special Vietnam Airlines flight from Incheon International Airport with certificates issued by South Korean authorities, accepted by the Vietnamese government, saying they are coronavirus-negative, Haiphong authorities said. They have since been housed in hotels. The flight was the fifth bringing LG engineers to the company’s plant in Haiphong since the pandemic struck.
PM OKAYS RESUMPTION OF VIET NAM-CHINA FLIGHTS
PM Phuc stressed that the demand for entry into Viet Nam of overseas Vietnamese people, foreign investors, experts, and students have remains high, thus the Government will try to satisfy the demand according to order of priority and domestic quarantine capacity.
NEW IMMIGRATION LAW TO ATTRACT INVESTMENT
The change is expected to facilitate the implementation of new agreements that Việt Nam has signed such as the EU-Việt Nam Free Trade Agreement (EVFTA) and the EU-Việt Nam Investment Protection Agreement (EVIPA), said Colonel Trần Văn Dự, deputy head of the Immigration Department under Ministry of Public Security.
STIMULUS TO REVIVE TOURISM
As international routes have not been reopened, domestic tourism has become a key market for all inbound, outbound and domestic travel companies. Localities have simultaneously responded to the national stimulus program to attract domestic tourists.
