Foreign retailers are geared toward Vietnam’s e-commerce to take the lead in the market.
With a sales growth rate of 25 percent, Vietnam is the fastest-growing car market in ASEAN, while Thailand and Indonesia had a gloomy year with decreased growth.
The southern hub of Ho Chi Minh City aims to achieve 19 socio-economic targets in 2017, especially economic growth of 8.4 – 8.7%.
Foreign friends have been impressed by Vietnam’s expanded integration in international institutions and its bilateral and multilateral diplomacy.
ASEAN Community has scored after one year of its establishment in an interview recently granted to Vietnam News Agency.
Vietnam will continue to face challenges but will see plenty of opportunities for economic growth in 2017.
The average capital per enterprise was over VND8 billion (US$352,000), up 27.5% year on year. New enterprises created jobs for nearly 1.3 million workers.
According to Agriculture and Rural Development, 2017 is a pivotal year in the 2016-2020 development plan in the context of the sector still battling many difficulties.
Vietnam’s textile & garment sector will maintaincurrent growth if the US withdraws from the TPP, analysts say, but the growth would be higher if the TPP is approved by the US.
Ho Chi Minh City authorities have promised to provide VND2 billion (US$87,743) worth of financial support for each potential start-up model developed by young entrepreneurs.
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