vietnam business news

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Vietnam’s aviation posts double-digit growth

Vietnam’s aviation sector has witnessed double-digit growth in passenger transport in the past decade, and the market is forecast to build up momentum in 2019, according to the Airports Corporation of Vietnam (ACV).

 

Japanese retail giant AEON to double goods from Vietnam

Japanese retail giant AEAON Co. will double the value of products it procures from Vietnam from the current level to 500 million USD in 2020.

 

BUSINESS NEWS 15/6

Central province approves hi-tech farming project

Vietnam central bank unveils monetary policy for second half of 2019

The State Bank of Vietnam will continue to follow a pro-active, flexible and cautious monetary policy in the second half of this year.

 

CPTPP gives great chances for Vietnam’s tra fish exports

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is opening the door wide for Vietnamese tra fish to enter the markets of 10 other members of the deal.

 

Switzerland commits to help Vietnam develop eco-industrial parks

Developing eco-industrial parks is among important programmes within the Switzerland’s cooperation and development framework for Vietnam, Swiss Ambassador to Vietnam Beatrice Maser Mallor said.

 

Vietnam imports $4.91 billion worth of mobile phones, components

Vietnam spent 1.1 billion USD importing mobile phones and spare parts in May, up 36.2 percent from the same period last year, according to the Ministry of Industry and Trade.

 

Investor permitted to start survey for giant offshore wind power farm

UK based Enterprize Energy (EE) announced it had received a licence to conduct survey for a giant wind power farm offshore Ke Ga cape in the south central province of Binh Thuan.

 

BUSINESS NEWS 14/6

FTA opportunities remain largely untapped: trade official

New product to draw foreign investors to Vietnam’s stock market

Covered warrants will be an alternative technical tool as foreign investors are not limited to buy the securities product and can freely trade it as domestic investors do.

 

Positive signs of resources for Vietnamese startups

The first Vietnam Venture Summit held in Hanoi recently saw venture capital funds commit millions of USD to Vietnamese startups, illustrating the confidence foreign investors have in the Vietnamese market.

 

VN banks compete for customers in credit card market

Competition in the country’s credit card market has become stiff as more and more foreign and domestic banks as well as finance companies are competing to gain market shares.

 

Vietnam’s textile industry strives to find new markets

Vietnam’s textile and garment industry is striving to achieve export turnover of more than US$40 billion in 2019, a year-on-year increase of 14-15 per cent.

 

Tighter regulations on online shopping in Vietnam proposed

Tighter regulations should be applied for people who buy products online under the cash on delivery (COD) form to prevent the situation in which customers refuse to receive the ordered goods.

China's textile factory project suspended in Quang Ninh

Local authorities in Quang Ninh Province has just suspended the construction of a textile factory project of China’s Texhong Co., Ltd. as they failed to complete legal procedures.

 

Vinashin’s former chairman sentenced to 13 years in prison

Former Chairman of the State-run Vietnam Shipbuilding Industry Group (Vinashin) Nguyen Ngoc Su was sentenced to 13 years in prison for the charge of “abusing position and power to appropriate assets” at a first-instance trial yesterday.

 

BUSINESS NEWS 13/6

EVN to run 30 more solar power plants this month

 

Increasing Chinese FDI worries NA deputies

National Assembly deputies have raised their concerns about the potential risks of soaring Chinese foreign direct investment inflows into Vietnam.

 

Geographic position makes Vietnam a renewable power hub

High solar irradiance and wind flow velocity are factors making Vietnam`s renewable energy advantages.

 

Vietnam named among countries with highest female labor-force participation rates

In terms of the gender of new business owners across 54 countries, Vietnam had the highest ratio of women to men: 1.14 to 1, according to the Global Entrepreneurship Monitor.