vietnam business news

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Vietnam’s yarn industry under pressure from US – China trade war

Vietnam`s yarn export turnover only rose slightly by 3% year-on-year compared to the growth rate of 14% in the same period last year.

VIETNAM BUSINESS NEWS HEADLINES OCTOBER 17

Yellow card pushes seafood industry developing sustainably

 

Vietnam is one of the easiest places to start a business in Southeast Asia: Olam

A big advantage was Vietnam’s absence of tariffs and its position as a “gateway” to ASEAN.

Samsung no longer driving force for Vietnam’s economy

Securities company KB Securities projected Vietnam’s GDP growth in the fourth quarter of 2019 to reach 6.95 - 7%, leading to the whole-year growth at nearly 7%.

Aviation rules must follow international standards

Luu Binh Nhuong, deputy director of the National Assembly Commission for People’s Aspirations, speaks about the need for the Vietnamese airline market to follow international standards.

VIETNAM BUSINESS NEWS HEADLINES OCTOBER 16

Plastics industry confident of achieving 3.2 billion USD export target

High quality FDI enterprises are welcome

Professor Tran Anh Tuan, a member of the Vietnam National Assembly's Economic Commission, talks to Vietnam Investment Review about how to attract more foreign investment into the country.

Vietnam projected to have all-time high net car imports of US$3.4 billion

Car imports would continue to increase due to stronger demand from the domestic market, causing negative impacts on local car production and the country’s trade balance, said the Ministry of Industry and Trade.

Vietnam spends over US$10 billion paying government debts in Jan-Sep

Upon breaking downs, the government spent VND195.7 billion (US$8.43 billion) on paying domestic debts and VND41.2 trillion (US$1.77 billion) on foreign debts.

Expert warns of impact of Vietnam’s slowing industrial activities on GDP growth

Vietnam's headline PMI from Markit’s survey and month-on-month IPI indicated slowing industrial activities in September, potentially causing negative impacts on GDP growth in the remaining months of the year.

 

VN runs US$ 7.15 billion trade surplus in nine months

In the second half of September (from September 16 to September 30), Viet Nam’s export turnover hit US$ 24.07 billion, up 16.2% against the first half of September. 

Vietnam ranks fifth globally in instant noodle consumption

A Vietnamese consumes nearly 55 instant noodle packets per year, higher than the world’s leading nations in instant noodle consumption, including China with an average of 31 packets for person, Indonesia with 46.4 and Japan with 45.8.

Investors for Vietnam's North-South expressway to be named next year

Investors for eight components of the North-South expressway project will be named in August next year at the earliest, according to a report sent by the Government to the National Assembly.

China's low demand causes rice price to fall to 12-year low

The Ministry of Agriculture and Rural Development has attributed the lowest rice price in 12 years to low demand from China, as many Vietnamese exporters continue to fail to meet this market’s requirements.

$47.8-million beer plant illegally built in Ha Tinh

An illegally-built VND1.1 trillion ($47.8 million) beer plant has been found in the central province of Ha Tinh.

VIETNAM BUSINESS NEWS OCTOBER 15

RoK airline to launch route to Nha Trang in December

Will FDI adversely affect Vietnamese businesses?

Since the enactment of the Law on Foreign Investment in December 1987, one of the first achievements of ‘Doi Moi’, Vietnam has attracted FDI to its economy for over 30 years. 

 

HCM City assesses new logistics development plan

Nguyen Ngoc Hoa, deputy director of the HCM City Department of Industry and Trade, talks with Sài Gòn Giải Phóng (Liberated Sài Gòn) newspaper about HCM City’s development plan for the logistics industry to 2025 with a vision to 2030,

Condotels in Vietnam look to legal framework for revival

Positive signs have been seen in Vietnam’s condotel arena after more than two years of downturn as consumption in the third quarter of this year was reported at 86 per cent compared to less than 40 per cent in the same period of 2018.

Basel II deadline rapidly approaching, are banks on course to meet norms?

In 2016 the State Bank set a deadline of January 1, 2020, for 17 banks to meet Basel II norms under a national banking sector development strategy.