vietnam business news

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Circular economy deemed optimal solution for Vietnam towards green economy

The Vietnamese government has taken actions to tap the US$4.5-trillion market potential generated by circular economy, said an expert.

BUSINESS NEWS OCTOBER 8

Capital funneled into priority fields: central bank

Edtech a promising space

The views of a range of stakeholders on what the future holds for edtech.

Caught in the line of fire

Vietnam may get stuck in the Sino-American trade war, contrary to earlier projections for opportunities to come.

M&As retain promise in Vietnam

Local and foreign insiders are optimistic about the outlook for M&As in Vietnam over the next couple of years.

Vietnam’s banks urged to maintain CASA ratio to control funding costs

While the expansion of asset yields becomes more limited as the transition towards retail lending slows down and competition intensifies, the control of funding costs serves as a driver of interest income growth.

Electronic know your customer/client holds key to digital banking

The banking sector is waiting for the State Bank of Viet Nam to allow the use of electronic know your customer/client (e-KYC).

Vietnam to top Asia auto sales amid fall of biggest markets

The rising vehicle imports are posing huge competitive pressure on domestically-produced vehicles.

Different scenarios for VN-Index in Q4

Brokerages proposed different scenarios for the movement of VN-Index from now until the end of the year depending on the world's economic growth prospects.

 

Vietnam a regional pacesetter in internet economy

Fifty per cent of Vietnamese researched online prior to purchasing Financial Services offline, according to the latest report from Google, Temasek, and Bain & Company.

Why Vietnam ranks eighth among top 20 countries to invest in

Vietnam was ranked eighth among the top 20 best countries to invest in by US News & World Report, surpassing neighbours like Malaysia, Indonesia, and Singapore.

BUSINESS NEWS OCTOBER 7

Car imports skyrocket in first 9 months

Number of card payment transactions in Vietnam to reach 522 million by 2023

Over the last five years, the number of such transactions has increased five-fold from 56 million transactions in 2015 to 271 million by 2019 at a compound annual growth rate (CAGR) of 48.3%.

Reasons behind the plunge

After many consecutive years of growth at an impressive rate, Vietnam’s fruit and vegetable export almost immediately took a nosedive after the U.S.-China trade war broke out in the middle of last year. 

Vietnam’s economy less dependent upon minerals, credit: ministry

Vietnam’s economic growth, which is now less reliant on mineral mining and the growth of credit, is gradually shifting to science, technology and innovation, the Ministry of Planning and Investment said in a report.

Vietnam coffee exports down in 9 months

Vietnam’s coffee exports in the first nine months of this year fell by 13.3 per cent in volume to 1.25 million tonnes and 21.9 per cent in value to US$2.15 billion compared with the same period of last year.

 

BUSINESS NEWS OCTOBER 6

Digital economy to constitute one-third of Vietnam's GDP in 2030

Vietnam gears toward sustainable tourism development

Nguyen Trung Khanh, director general of the Vietnam Tourism Administration, talks to Vietnam Economic Times newspaper about his agency’s efforts to improve the tourism sector’s competitive advantages.

Japanese firm to buy two Vietnamese synthetic material makers

AICA Kogyo Co., a Japanese manufacturer of chemicals and housing materials, said on October 4 it will buy two Vietnamese synthetic material makers at a total cost of about 980 million JPY (9.2 million USD).

Ministry allows export of raw mineral inventory

Despite Government limitations on raw mineral exports, the Ministry of Industry and Trade (MoIT) says help is on hand for local enterprises.