vietnam business news

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Tightening credit for luxury home purchases might rock realty market: experts

If credit policies for luxury home puchases were tightened, it could be a shock for the property market, experts have warned.

 

VN’s agricultural products face barriers to enter Chinese market

Many of Vietnam’s agricultural products – especially rice, vegetables and cassava – have faced barriers preventing their export to China, according to the Ministry of Agriculture and Rural Development.

 

100 Vietnamese firms chosen to list products on Amazon

100 Vietnamese firms have been chosen to list their products on Amazon from June 6, 2019, under a long-term programme between the Vietnam Trade Promotion Agency and Amazon Global Selling.

 

Vietnam Electricity Group to complete divestment in 2019

Vietnam Electricity (EVN) expects to complete its divestment from both core and non-core businesses this year.

 

Developing bond market can help satisfy demand for capital

Vietnamese enterprises are in dire need of capital to expand production and business, but the current development of the capital market cannot meet this demand. 

VN auto industry develops but local part supply remains low, says MoIT

The automobile industry of Vietnam has witnessed progress in the last two years, but the localisation rate still remains low, not meeting the set target, according to a Ministry of Industry and Trade report sent to the NA.

 

BUSINESS NEWS 7/6

HCM City to try again to auction advertising space on buses

Vietnam’s 6 sectors projected for breakthroughs in investment in 2019

These sectors include two emerging sectors in the form of fintech and e-commerce, and four traditional sectors, including education, green energy, healthcare & pharmaceuticals, transportation & logistics.

Vietnamese, Italian PMs co-chair Italy-ASEAN economic relations dialogue

PM Nguyen Xuan Phuc and his Italian counterpart Giuseppe Conte co-chaired the third High-Level Dialogue on Italy-ASEAN Economic Relations in Hanoi on June 6, held during the latter’s official visit to Vietnam.

 

Smart cities as essential must-haves

Vietnam has been taking the first steps on the path towards smart and sustainable cities.

Patience required in public funding process

While Vietnam attempts to boost public funding in service of socio-economic development, disbursement of this type of capital however remains slow.

Online tax payment a boon to import-export businesses

Around 99 per cent of import and export tax payments in HCM City are made online, according to the customs department. Switching to online payment has reduced work for customs officers and helped businesses save time and cost.

EVN to complete divestment in 2019

Viet Nam Electricity (EVN) expects to complete its divestment from both core and non-core businesses this year.

Upbeat outlook for M&A in Vietnamese solar power sector

Foreign investors are expanding in the Vietnamese solar power sector via M&A deals or by establishing joint ­ventures with local players to save time as the commercial operation deadline for the ­coveted $9.35 cent feed-in tariff looms.

 

Economies look to spread trade risks

The US-China trade war has made a major impact on the economy of Vietnam and the country still requires to tackle several challenges in order to attract supply chains relocating from China.

 

Impulse necessary for highway plans

Vietnam Expressway Corporation, the state-owned group tasked with national highway network development, is awaiting an impetus from the government in order to drive the implementation of key national highway projects.

 

Pharma firms debate reforms

With possible new changes in drug rules involving strict conditions for branded pharmaceutical production on the horizon, multinational corporations might find it harder to attend tenders of high-cost branded drugs.

 

Why foreign investors call Vietnam a rising Asian star?

Vietnam has outpaced regional peers in attracting foreign investment over the last years.

BUSINESS NEWS 6/6

Forestry product exports fetch $4.25 billion in five months

 

VCCI opposes VND20m daily transaction limit for individual e-wallets

The Vietnam Chamber of Commerce and Industry has objected to the State Bank of Vietnam’s (SBV’s) proposal that an individual must not conduct transactions worth more than VND20 million per day through e-wallets.