Hanoi establish new Business Services and Support Center following merger
Its creation marks a significant step toward enhancing the competitiveness of businesses amidst the challenges of deep economic integration.
Topic: services
Transportation services continue to boom
Freight transport estimated at 471.8 million tons in the first two months of the year.
Container loading and unloading service fees to rise 10%
New fees in some areas to take effect from February 15.
10M retail sales of goods and services up 9.4%
Tourism and travel services jumped 47.6% compared to January-October 2022.
HCMC retail sales and services revenue hits $3.8bln in January
Figure represents a year-on-year increase of 5.7%.
Challenges in inflation control to come
The heat of inflation does not appear to be too significant in Vietnam, with the World Bank (WB) forecasting a rate of around 3.8 per cent for this year. However, factors such as fluctuations in energy prices, the end of policies supporting lower taxes, rising prices for public services, and higher wages will make controlling inflation more difficult.
Aviation on verge of post-pandemic recovery
The International Air Transport Association (IATA) has forecast that the global aviation market will recover and exceed pre-Covid-19 levels in early 2024, catering to a total of 4 billion passengers. It also believes that Vietnam will be the fifth fastest-growing aviation market in the world, catering to 150 million passengers by 2035. To speed up recovery in its aviation industry, Vietnam needs to promote trade and the linking of technology and services with airlines around the world.