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Vietnam insurance market grows 17% in 4 months

Total premiums collected by insurance companies in Vietnam in the first four months of 2019 reached VND44.3 trillion (US$1.89 billion), up 17% year-on-year, according to the Ministry of Finance (MoF).

Transaction limits for e-wallets should be appropriate: experts

Transaction limits for e-wallets should be set at appropriate levels to encourage cashless payment amidst an anticipated boom of e-commerce in Vietnam, experts have said.

 

China tightens control over fruit imports from Vietnam

Over the last two months, Chinese traders have only bought durians stamped with codes of origin traceability.

 

HCM City: 46.8 percent of FDI goes to property sector

Real estate was the most attractive sector for foreign direct investment (FDI) in Ho Chi Minh City in the first four months of the year with 164.58 million USD, or 46.8 percent of total FDI.

 

Vietnam’s GDP per capita to increase 4-fold by 2030

Vietnam is predicted to join an exclusive list of economies expected to sustain growth rate of around 7% during 2020s, translating into a 4-fold increase in the country’s capital income from US$2,500 in 2018 to US$10,400 by 2030.

 

BUSINESS NEWS 14/5

Vietnam, China have room to grow trade ties: experts

Threat of sluggish credit growth looms over VN's commercial banks

Credit growth was at a slower pace during the first quarter of this year, signaling the economy’s falling reliance on credit yet hampering the overall performance of commercial banks.

 

No Japan newly-committed ODA projects for Vietnam in 2018

No new credit from Japan was committed for Vietnam in fiscal year 2018 due to Vietnamese policies on public debt limits and delay in administrative procedures.

Loc Troi Group and Tan Vuong Food JSC to export 84,000 tonnes of rice to China

Loc Troi Group and Tan Vuong Food Joint Stock Company will export 84,000 tonnes of rice per year to China.

 

Investment quality an issue for Vietnam amidst FDI boom

A stronger focus on the quality of the foreign investment inflow is even more urgent when its links with and the spillover effects on domestic industry fall short of expectations.

 

Bank loans not accessible for 20% of VN firms

A fifth of all Vietnamese enterprises do not have access to financial loans, according to the Viet Nam Chamber of Commerce and Industry (VCCI).

 

First Overseas Vietnamese Economic Forum to be held in Incheon, South Korea this June

The first Overseas Vietnamese Economic Forum (OVECOF) will take place at Songdo Covensia Convention Center in Incheon, the Republic of Korea (RoK) from June 6-9.

 

Projects in theory, raising prices in reality

Whenever information on infrastructures of a town gets leaked, even as a mere proposal of the government, real estate prices of that area would immediately go up. 

 

Shopee leads in active users in Q1

Shopee's mobile app leading the way in Vietnam according to report from iPrice Group and App Annie Intelligence.

Digital industry to contribute a quarter of Vietnam’s GDP by 2025

A pending project on national digital transition aims for the digital industry to contribute 25 percent of Vietnam’s GDP by 2025 and for the country to be placed fourth among ASEAN member states in terms of national digital ranking.

 

Car rental market in Vietnam is growing

Vietnam’s car rental market has posted fast growth over the past years and would evolve in similar pace in the near future following the higher per capita income.

 

Fitch raises Vietnam’s Outlook from ‘stable’ to ‘positive’

The credit rating agency Fitch Ratings has revised Vietnam’s Outlook from ‘stable’ to ‘positive’ and affirmed Vietnam’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB’, the Vietnam’s Ministry of Finance said.

 

ASEAN emerges as one of biggest importers of Vietnamese tra fish

ASEAN has emerged as the fourth biggest importer of Vietnamese tra fish (pangasius) after the US, China and the EU, according to the Viet Nam Association of Seafood Exporters and Producers (VASEP).

 

Digitalization at stake

Digital transformation is regarded as a priority for the country in the age of the Fourth Industrial Revolution, but on the path to realizing such a goal, there are lots of impediments and hiccups.

VN stock market in May: more challenges await

The Vietnam’s stock market started May with several negative signals, prompting investors to concern that the phenomenon ‘sell in May and go away’ will recur.