Vietnam’s medical equipment market is currently valued at more than US$1 billion, but overseas products account for a staggering 90% of the country’s total medical imports.

In general, Vietnam reaped no rewards from the trade war and is facing obstacles in shipments to several markets.

Supporting industry strategies voiced

The Ministry of Finance (MoF) is proposing a regulation that exempts micro and small enterprises from corporate income tax for two years after they have sufficient income subject to taxation.

Vietnam’s container throughput surpassed Hong Kong’s in the first half of this year, possibly in part due to trade diversion amid the trade war between China and the US, reported the Chinese news site Caixin Global.

Foreign investors have been encouraged to take advantage of the double benefits Viet Nam is offering through its commitments in the many trade pacts signed with other countries.

The consortium of consultants TEDI – TRICC – TEDIS, which conducted the pre-feasibility study on the high–speed railway project running through Vietnam, has presented three scenarios.

The Republic of Korea (RoK)’s Consulate General recently revealed the country’s businesses plan to invest more in Vietnam, especially in the manufacturing of electronic equipment and developing smart grid networks.

The Bank for Investment and Development of Vietnam (BIDV) will float more than 603 million new shares, or 15 percent of its stake to the Republic of Korea’s KEB Hana Bank.

The Civil Aviation Authority of Vietnam (CAAV) has granted an Aircraft Operator Certificate (AOC) to Vietstar Airlines, allowing the carrier to begin commercial flights in the country.

Farm produce businesses broaden horizons in export markets

Members of the European Union (EU) have expressed their belief in the positive impact that the bloc’s free trade agreement with Vietnam (EVFTA) will have on bilateral trade relations.

Budget carrier Vietjet has received approval from the Civil Aviation Administration of Vietnam (CAAV) to conduct flights between the capital city of Hanoi and India’s New Delhi.

The air travel market grew in the first half of this year, however the growth rate slowed down compared to the same period last year, according to the Civil Aviation Authority of Vietnam (CAAV).

Ministry urged to be pioneer in economic reform

Vietnam’s economy is expected to continue its rising momentum this year, partly attributable to robust waves of mergers and acquisitions.

As the central bank has tightened the control over real estate loans to ensure sustainable development of the market and safety of the banking sector, property transactions have fallen down in Hanoi and HCM City in the first half of 2019.

The flexible office market in HCM City comprising co-working and serviced offices is among the fastest growing in the Asia Pacific, market researchers said.

Vietnam gained a trade surplus of $1.59 billion in the first half of this year, according to the latest statistics from the General Department of Customs.

Lured in by the feed-in tariff of 9.35 US cents for solar projects, investors are lining up for approval to generate gigawatts of power in the central provinces of Vietnam where solar irradiation is the strongest.