vietnam business news

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Vietnam’s stock market expected to make breakthrough at year’s end

With declining interest rates and loosened monetary policy, investors expected that the Vietnam’s stock market will prosper in the last quarter of this year and prolong to the first quarter of next year.

 

Vietnam’s outlook positive for investment attraction

Vietnam is expected to attract more investors as its economy is developing at a stable rate, with GDP growth of 7 percent.

Meeting the country’s power needs

Since 2017, Vietnam has had an attractive feed-in tariff (FiT) rate of 9.35 US cents per kilowatt hour for grid-connected solar projects.

 

Harnessing a digital future

With its vast potential of e-commerce development thanks to surging IT and wide smartphone coverage, Vietnam is trying to build its own digital economy fuelled by a hallmark strategy on Industry 4.0.

BUSINESS NEWS OCTOBER 12

Smart city building must place people at the core

 

Incentive policies appeal to Korean investors to Vietnam’s high-tech

Vietnam is seen as an increasingly attractive investment destination for many South Korean firms, supported by the country’s growing demand for high-tech products and the government’s incentives applied for the industries.

 

Vietnam faces challenges in implementing new generation FTAs

Labor force quality is still a main obstacle for Vietnam to overcome.

Experience required in solar sector

The solar power boom in Vietnam is bringing benefits for Chinese suppliers and contractors in engineering, procurement, and construction participating in the value chain, but are urged to be cautious in choosing suitable and reliable partners.

Adopting smart manufacturing lines

Domestic enterprises are embracing robotics and advanced technologies in their production lines to boost smart manufacturing activities, but there is a long road ahead for those wishing to keep up with the Fourth Industrial Revolution. 

Vietnam central bank attempts to address sluggish growth

The State Bank of Vietnam’s latest move to reduce interest rates comes after other central banks around the globe have started easing to combat spreading weaknesses, but experts are warning that such decisions may not yield the desired effects.

Experts urged Vietnam to remain cautious over trading with US

Vietnam needs to remain cautious over trading with the US as with the risk of being named as currency manipulator by the latter has not faded away, according to economist Le Dang Doanh. 

 

Sign of things to come in fashion?

Forever 21’s filing for bankruptcy is pointing at deep industry-wide issues that all fashion retailers face. 

Moody's ponders downgrading 17 Vietnamese banks

The agency will unlikely upgrade the ratings of the 17 banks, because their ratings are on review for downgrade.

Total deposits in Vietnam’s banking system up slightly to US$355.27 billion

Personal deposits saw the first decline of VND14 trillion (US$603.08 million) in July, after growing in six consecutive months.

Influx of foreign investment in property sector raises concern

The prime minister has asked several ministries, agencies and local governments to report on the risk of the domestic real estate market being dominated by foreign entities, given the recent influx of foreign investment into the sector.

Vietnamese firms pour more investments into developed countries

Vietnamese investors are increasing their investments in projects abroad, especially in developed countries, such as Australia and the United States.

Non-state enterprises dominate V1000 biggest taxpayers in 2018

The General Department of Taxation of Vietnam (GDT) on Wednesday announced the list of 1,000 highest taxpayers (V1000) in Viet Nam in 2018 which contributed 60.3 per cent of total corporate income tax.

 

High-tech industry sees highest salary increase

High-tech, Chemical, and Trading leading the way in salary increases in 2019, Mercer-Talentnet survey finds.

Vietnamese banks ranked among 500 strongest in region

The Asian Banker continues to honour the 500 strongest banks in the Asia-Pacific in 2019 with some familiar names from Vietnam.

BFC, LIX, HVT code of Vinachem blocked due to lawsuit

The semi-annual consolidated financial statement of Vinachem showed a steep drop in profit, partially due to its accounts and assets being frozen by the court.