Economic

HCMC’s average hotel occupancy rates dropped 54 percentage points year-on-year to 20 percent last year as Covid-19 travel restrictions hit foreign arrivals, a report says.

Finland will provide over US$100 million for public investment projects in Vietnam starting this year, under a bilateral framework agreement on the use of the Public Sector Investment Facility (PIF) funded and guaranteed by the Finnish Government.

International and tourism industry leaders predicted a positive outlook for Vietnam’s tourism in 2021 and beyond when they discussed how to prepare the country to become a leading tourism destination after the Covid-19 pandemic at a roundtable at RMIT University Vietnam’s Southern Campus on January 20.

Local exporters need to proactively identify risks and work closely with state management agencies to respond to trade remedies in the increasingly complicated imported markets, especially the US, which tended to increase trade defence measures.

Trade and investment ties between Viet Nam and India, both dynamic and rapidly developing economies, are not commensurate with the potential and need to be enhanced, according to their officials and diplomats.

Viet Nam's economy has gained many important and comprehensive achievements in the 2016-20 period, helping highlight the country’s success in 35 years of Doi moi (Renewal) process.

The mammoth trade deal Regional Comprehensive Economic Partnership (RCEP) is expected to unlock more export markets for Vietnamese agricultural products, according to insiders.

A fruit and vegetable purchasing and distribution centre was opened at the My Tho Industrial Park in My Tho city in the Mekong Delta’s Tien Giang province on January 22.