vietnam business news

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Vietnam to lift cross-border trade transaction index

Vietnam plans to raise the cross-border trade transaction index by 3-5 places this year compared to 2018.

 

Over 10 of Vietnamese key farm produce sold abroad

More than 10 key agricultural products of Vietnam are being sold across 160 countries and territories worldwide.

 

Korean firms eye investment in renewable energy in Vietnam

Korean investors are keen to invest in renewable energy due to its potential and the incentives that Vietnam has offered to foreign investors, an HSBC official has said.

 

Vietnam could emerge as developed economy: expert

The prolonging trade war between the US and China makes it easier for Vietnam to continue its upward trajectory toward becoming a developed economy, Bennett Murray recently wrote on the ‘Foreign Policy’ paper.

 

First Vietnam Venture Summit to be held in Hanoi

The Vietnam Venture Summit 2019, the first of its kind, will take place in Hanoi on June 10, providing a dialogue platform between the Vietnamese government and major international venture funds.

 

BUSINESS NEWS 10/6

Aquatic product exports decrease in five months

EPE model held up by uncertainties

While waiting for more specifics of the regulations relating to ­establishing export-processing enterprises in ­Vietnam, foreign investor can ­register to operate as a normal ­enterprise until more concrete ­guidance is issued.

 

Fast food in fight to win over locals

Foreign fast food companies are lagging behind their own expansion plans in Vietnam due to the fierce competition with major rivals in the same segment and local competitors.

ICAEW forecasts Vietnam’s GDP growth at 6.7 per cent in 2019

After enjoying GDP growth of 7.08 percent in 2018, the country’s 2019 growth is forecast at 6.7 per cent, which would place it as the fastest growing Southeast Asian economy, according to a report released by ICAEW Economic Update.

 

Housing projects to see more inspections

The Ministry of Construction and localities must conduct inspections on urban areas that may have violated their approved plans and issue strict punishments if violations are found, Deputy Prime Minister Trinh Dinh Dung said.

 

VN banks face big capital burden despite dividend plan

A plan to allow large Vietnamese State-owned commercial banks to pay dividends in shares or retain dividends would help them accumulate capital and meet regulatory minimum capital thresholds, Fitch Ratings said.

 

HCM City shames customs tax evaders

As of May 15, the total tax debt at the HCM City Customs Department reached VND2.4trn (USD102.2m), of which over VND1.4trn were bad debts.

 

Da Nang authorities sued for suspending firm's operations

The Dana-Y Steel JSC has just filed a lawsuit has filed a lawsuit against the Danang City People's Committee for for losses allegedly caused by the committee’s decisions to suspend its operations.

 

Vietnam economy to grow at 6.7%: report

The Vietnamese economy is expected to grow at around 6.7 per cent this year, the fastest rate in South East Asia, according to the Institute of Chartered Accountants in England and Wales’ recent report.

 

FDI enterprises in massive tax arrears

The HCM City Depatment of Customs has listed 1,000 businesses that have not paid tax worth trillions of dong, including foreign direct investment (FDI) firms.

 

BUSINESS NEWS 9/6

Cargo volumes at seaports remain imbalanced

 

Construction Minister says rules for condotels, officetels coming this year

Minister of Construction Pham Hong Ha said at the meeting of the National Assembly early this week that his ministry and the Ministry of Natural Resources would complete regulations relating to condotel and officetel this year.

 

Truck manufacturer Kamaz plans serial assembly in Vietnam

Russia’s largest truck manufacturer Kamaz plans to launch a serial assembly of trucks at the company's plant in Vietnam in 2020, said Kamaz Director General Sergey Kogogin.

 

Rooftop solar panels grab more attention

Power cut is a worry of many people during hot season. 

 

BUSINESS NEWS 8/6

Domestic coffee prices bounce back