There have been significant transformations in Vietnam’s health supplement (also known as dietary foods or functional foods) sector over the past two decades. Whilst in 2000, there were only 63 products and 13 manufacturers, in 2017 there were 4,190 manufacturers nationwide with about 10,930 products. More than 90% of pharmacies nationwide are selling food supplement. […]
News & Events
Numerous growth dynamics Vietnam’s gross domestic product expanded 7.02 percent last year, fueled by a robust expansion of the processing and manufacturing sector and service sector, according to the General Statistics Office (GSO). This is the second consecutive year since 2011 that Vietnam’s economic growth has reached over 7 percent. This was a stunning result […]
Vietnam’s economic growth quickened to 7.31 percent in the third quarter year-on-year, the General Statistics Office (GSO) said on Saturday. The processing and manufacturing industry grew 10.05% in the quarter from a year earlier, while the services sector rose 7.11% and the agricultural sector was up 1.53%, the GSO announced. Besides, solid exports and robust […]
Vietnam’s economy expanded faster than expected in the second quarter of 2019, as the country reaped the benefits of the continued trade war between China and United States which typically included foreign direct investment and export growth. GDP rose 6.71 percent year on year in the second quarter of the year, only slightly down from […]
Vietnam is estimated to achieve gross domestic product (GDP) growth of 6.79 percent in the first quarter of this year, down against the first quarter of last year, but up against the first quarters of 2011-2017, the country’s General Statistics Office announced on Friday. In terms of economic structure, agriculture, forestry and fishery accounted for […]
The healthcare system in Vietnam consists primarily of hospitals and commune health stations. Commune health stations mostly take care of vaccine intakes for infants and young children, and women’s birth delivery in rural areas. There is serious lack of quality hospitals (those that offer standard healthcare) leading to excessive crowdedness in top or central public […]
Vietnam tax treaties on double taxation avoidance In an endeavor to avoid the double taxation of international income and therefore promote foreign direct investment (FDI), Vietnam tax treaties on Double Taxation Avoidance (DTAs) have been concluded with about 65 countries to date, including most major countries. Latest DTA pacts Vietnam concluded are with Estonia, United States, and […]
Agribusiness sector continues to play a considerable role in Vietnam’s transition to a market-based economy, despite its shrinking portion in GDP (18.1% in 2015, compared to 16.1% in 2014). Vietnam’s strength in agricultural output is built upon a large rural base where farm and agribusiness labor accounts for 44.3% of the workforce and 65.7% of […]
Vietnam Logistics industry is one of the fastest growing industries in Vietnam and is estimated to grow at a greater pace than the GDP growth rate. Logistics service revenues currently account for 15-20% of GDP in Vietnam. However, poor logistics infrastructure and inadequate transport infrastructure resulted in high costs for participants. Ha Noi, Hai Phong (North), […]
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