vietnam business news

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VN banks boost retail lending for solar energy

Banks in Vietnam race to offer loans for household solar energy projects, using low interest rates and long repayment periods as incentives.

 

BUSINESS NEWS 25/6

HCM City’s retail, service revenues reach US$ 19.8 bln in first five months of 2019

National Australia Bank Limited stops working in Vietnam

National Australia Bank Ltd.'s five-year presence in Vietnam comes to an end as the State Bank of Vietnam (SBV) decided to revoke the license of its representative office in the country.

 

Vietnamese people aiming for a cashless society

June 16 has been chosen as “Cashless payment day”. Aiming at a non-cash payment society, many attractive promotions are offered to create a habit of not using cash for Vietnamese people.

Asanzo discovered selling Chinese products bearing made-in-Vietnam labels

Electronic products from Asanzo Vietnam, known as an electronics manufacturer supplying high-quality Vietnamese products in the local market, have been discovered to be Chinese goods being sold as Vietnamese products.

 

Vietnam, a rising star in wood exports

With its abundant potential in wood processing, Vietnam is emerging as a major exporter of finished wood products in the global wood market. 

Foxconn to invest in television assembly factory in Quang Ninh

Once the television assembly factory of Foxconn in the northern province of Quang Ninh comes into operation, it will generate 3,000 jobs and become a basis for its continued expansion.

 

Bamboo Airways to open aviation academy in Binh Dinh

Bamboo Airways will start building an aviation academy this year to improve its human resource management.

 

Vietnam still faces rice export difficulties

Vietnam's rice export industry is trying to find new customers as exports to China, the country’s biggest customer, dropped.

 

Will Vietnam become a new global factory?

Some have opined that spurred by the Sino-American trade war, Vietnam is likely to become a new world’s factory in place of China. Nevertheless, it is the quality of that factory which counts, argue many economists.

Concerns persist over taxation of foreign e-commerce firms

The passing of the amended Law on Tax Management by the National Assembly is expected to improve the taxation on e-commerce activities.

BUSINESS NEWS 24/6

Supermarkets develop their own brand products

Vietnam to develop cattle breeding, say officials

Vietnam’s agricultural sector will focus on developing cattle, poultry and aquatic breeding to compensate for a shortage of pork which is expected...

Linking SMEs with necessary financing

Supply chain finance is gaining prominence as the global trade instability brings attention to Vietnam and domestic companies seek opportunities to partner with multinational buyers.

 

FTAs opening options for overseas investors

With its engagement in many free trade agreements, Vietnam is becoming an enticing destination for foreign investors who want to engage with the country to improve their supply chains.

New approach into Vietnam logistics

Logistics is a crucial component for the Vietnamese e-commerce market to succeed and reach its full potential.

BUSINESS NEWS 23/6

Vietnam to take Presidency of Asian Payment Network

Finding ways to develop central area’s economy

Associate professor Tran Dinh Thien, former director of the Central Institute for Economic Management and member of the consultancy team for developing the central coastal area, talks to Investment newspaper about economic development of the area.

New steel projects bewilder producers

The total designed capacity of the domestic cold-rolled steel industry reached more than 700,000 tonnes, so local producers now can only run at about half of their designed capacity, according to the petition.

The non-linear future of new global value chains

As Vietnam attempts to transform its economy into something fit for the digital world, one of the most important things is to develop its supply chains in line with international practices.