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Roughly 20-30 per cent of the COVID-related shift to digital globally is expected to be permanent, according to a fresh report from Mastercard Put another way: in 2020, e-commerce made up roughly $1 out of every $5 spent on retail, up from about $1 out of every $7 spent in 2019. As COVID-19 kept consumers around the world at home, nearly everything from groceries to gardening supplies was purchased online. For retailers, restaurants, and other businesses large and small, being able to sell online provided a much-needed lifeline as in-person consumer spending was disrupted. Roughly 20-30 per cent of the COVID-19-related shift to digital globally is expected to be permanent, according to Mastercard’s Recovery Insights: Commerce E-volution. Roughly 20-30 per cent of the COVID-related shift to digital globally is expected to be permanent, according to Mastercard’s Recovery Insights: Commerce E-volution. The report draws on anonymised and aggregated sales activity in … [Read more...] about New Mastercard report: E-commerce a COVID-19 lifeline for merchants

The Da Nang Department of Construction has made public a list of commercial housing projects in which foreign organizations and individuals are allowed, or not allowed, to buy apartments or houses. Monarchy resort complex, one of the commercial housing projects that allows foreign organizations and individuals to own housing. This list includes 17 commercial housing projects that allow foreigners to buy and own houses: Blooming Tower Da Nang; Golden Square complex of commercial services, hotels and apartments; Quang Nguyen commercial apartment building; P.A Tower hotel and apartment complex. Apartment building No.38 Nguyen Chi Thanh (Lapaz Tower); Apartment building No. 6 Nguyen Du Street (Danang Plaza); HAGL Lakeview apartment building; Thuy Tu urban area; Monarchy resort complex; Harmony Tower Apartment building; Summit Apartments; An Vien residential area; Da Nang Green Hoa Binh Complex; Tower Garden Apartments; Azura Apartments; Da Nang estate and Da Nang … [Read more...] about Foreigners allowed to buy houses in 17 real estate projects in Da Nang

Illustrative image (Source: VNA) Hai Phong (VNA) – The northern port city of Hai Phong targets 1.5 billion USD in foreign direct investment (FDI) in the second quarter of 2021, according to head of the Management Board of Hai Phong Economic Zones Le Trung Kien. Kien said that the city will increase dialogues to explore obstacles facing businesses, while enhancing efficiency of investment promotion activities, while prioritising investors with high capacity and advanced, environmentally-friendly technologies . Along with speeding up administrative reforms, the board will coordinate closely with the local police force to ensure order and security in economic zones and industrial parks, creating a safe environment for enterprises, Kien said. He said Hai Phong currently has 12 industrial parks. As of March 31, 2021, the local industrial parks and economic zones had lured 406 FDI projects worth 17.15 billion USD. The average occupancy rate in the local industrial park … [Read more...] about Hai Phong aims to attract 1.5 billion USD in FDI in Q2

Participants at the seminar (Photo: VNA) Hanoi (VNA) - Many businesses from the Republic of Korea (RoK) are looking to connect and get more information about the Vietnamese market as well as investment policies of the country, especially in auto parts, mechanics, and electronics, said Vu Ba Phu, Director of the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade (MoIT). Speaking at seminar jointly held by Vietrade, the Korea Trade Investment Promotion Agency (KOTRA) and the Vietnam National Trade Fair and Advertising Company (Vinexad) in Hanoi on April 15 in the framework of the 30th International Trade Fair (Vietnam Expo 2021), Phu said this was a good opportunity for Vietnamese industrial parks and businesses to connect with Korean firms to attract investment and expand cooperation in developing value chains in manufacturing. Auto parts manufacturing is one of the top areas attracting interest from businesses in Vietnam at present, Phu … [Read more...] about Korean firms look to invest in auto parts industry in Vietnam

Participants at the press conference (Photo: VNA) Hanoi (VNA) - As many as 9.1 million Vietnamese people aged 15 and above were affected by the COVID-19 pandemic in the first quarter of this year, Director of the Department of Population and Labour Statistics under the General Statistics Office (GSO) Pham Hoai Nam told a press conference on April 16. Nam said that of those affected, 540,000 people lost their jobs and 2.8 million had to temporarily cease business and production activities . Meanwhile, 3.1 million people said they had their hours cut or were forced to take time off from work, while 6.5 million workers reported reductions in their income. Workers in urban areas were more severely affected than those in rural areas, with 15.6 percent of those in urban areas still affected, compared to 10.4 percent in rural areas. Nguyen Minh Huy, deputy director of the department, said Vietnam recorded fewer workers in the first quarter of 2021 both … [Read more...] about 9.1 million labourers affected by COVID-19 in Q1