A waning electronics trade cycle and decelerating global demand pose material downside risks to Vietnam’s economic growth in 2019 and the next, HSBC said in its latest report. 

PVN noted in a statement today, March 21, that a participation bonus in the oil and gas sector it paid to Venezuela was not “commission money” but was in fact an amount of money a contractor must pay the host country when signing contracts.

 Liquidity in the interbank market has been abundant, helping the State Bank of Viet Nam (SBV) resume the issuance of treasury bills after five months to withdraw Vietnamese dong from the banking system.

 Japanese companies want Viet Nam to further streamline inspection procedures for imports, especially of foods.

 In the first two months of this year, the exchange rates at commercial banks have not seen much fluctuation but reference exchange rate has been continuously adjusted by the State Bank of Vietnam (SBV).

 The conclusions of the State Audit of Vietnam on the forced collection of tax debts from Unilever Vietnam and Sabeco are reasonable and are not cause for lawsuits, the local media reported, citing SAV auditor general Ho Duc Phoc.

  It is expected that the interbank interest rates are likely to decrease further in the case of better situation of geopolitical tensions.

 By offloading ScaleLab, Yeah1 is losing an opportunity to expand its presence in the global market, as ScaleLab’s full roster of 1,750 influencers encompasses over 400 million YouTube subscribers, and garners 3 billion views per month.

With the growing rate of the ultra-high net worth population at 31% in the next five years, Vietnam is named among the world’s top five fastest growing countries, according to the 2019 Wealth Report recently released by Knight Frank. 

 US-based Key Tronic Corporation and UAC group are expected to invest a combined of US$240 million in the central coastal city of Da Nang. 

Hong Kong’s Beerco Limited has spent US$3.85 billion on acquiring a stake in Vietnam Beverage Co., Ltd, a local unit of Thai Beverage Public Co., Ltd, raising foreign investment approvals in Vietnam in the first two months to US$8.47 billion.

 Registering for and protecting geographical indication (GI) for Vietnamese specialities are needed to protect, add value to unique products and promote their exports, experts have said.

 The mass trade of imitation products and a lack of Geographical Indication (GI) are seen as major reasons behind falling prices for Ly Son garlic, the product known as the ‘King of Garlic.’

 As the stock market is experiencing high volatility and shows little signs of strong recovery, the state is struggling to sell its stake in SOEs on schedule.

 Vietnam Airlines’ on-time performance in the last two months of 2018 has improved significantly, reaching the fifth place among 35 airlines in the Asia – Pacific in terms of punctuality, VnExpress reported.

 Private investors would pour money into the purchase, operation, and maintenance of trains as a way to share the government’s loan burden.

 Vietnamese footballer Nguyen Anh Duc has tipped as a forward to watch at the upcoming AFF Suzuki Cup 2018.

The Government did not achieve its budget revenue collection target in January-September, while the country’s public debt burden was getting heavier, according to the National Assembly's Finance and Budget Committee’s report

The Government did not achieve its budget revenue collection target in January-September, while the country’s public debt burden was getting heavier.