AVIATION INDUSTRY FORECAST TO FACE A HARD YEAR IN 2021
With only domestic routes operating, the competition in the aviation industry next year will be fiercer. All aircraft are now converging on domestic routes to improve cash flow. Meanwhile, Vietjet Air has received 11 new aircraft, bringing the total number of aircraft in operation to 88. Bamboo Airways reduced two A320s but received four small aircraft E195, bringing its fleet to 26.
PM AGREES ON DEVELOPMENT OF THREE NEW IPS IN DONG NAI
Prime Minister Nguyen Xuan Phuc has approved a proposal from the Ministry of Planning and Investment to add three industrial parks (IPs) in southern Dong Nai province to the national planning for IP development towards 2020.
CEBR: VN’S ECONOMY TO RANK 19TH BY 2035
In 2020, total trade volume was estimated at US$543.9 billion, up 5.1% against the previous year. Of the figure, export turnover rose 6.5% to US$281.5 billion while import value increased by 3.6% to US$262.4 billion.
FTAS EXPECTED TO PUSH VN INTO BECOMING MORE COMPETITIVE
New free trade agreements (FTAs), which were signed and took effect in 2020, are expected to push Viet Nam into becoming more competitive by reducing trading costs and improving its business environment.
VIETNAM TENDERS DAILY- JANUARY 4, 2021
1. Metal structures fabricate boom of crane supply
2. Teleconference system supply
3. Interior equipment supply and installation
4. Sample preparation equipment supply
5. Video endoscopy tube accessories supply
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DEVELOPER PORTFOLIOS IN RESTRUCTURE PHASE
According to Nguyen The Nhien, deputy general director of Hung Thinh Land, the group has had to scale down its business due to the pandemic, and is carrying out more market research into its investment strategy. “We are changing in the three key fields of developing more affordable products, offering reasonable price, and phasing out processes of payment to clients,” Nhien said.
REAL ESTATE MARKET 2020 INCREASINGLY STABLE AND VIBRANT
If 2020 is a sad song for the economy and the whole society in general, real estate is considered to be composed with low notes and high notes.
UK-VIET NAM FREE TRADE AGREEMENT OFFICIALLY INKED
According to the representative of the Ministry of Industry and Trade, the UKVFTA was negotiated based on principles that were inherited from commitments in the EU-Viet Nam Free Trade Agreement (EVFTA) and were amended in accordance with the bilateral trade framework between Viet Nam and the UK.
