vietnam business news

Update news vietnam business news

Japanese car sales sink in South Korea amid trade rift

Toyota says sales in South Korea have been hit by simmering tensions between Seoul and Tokyo.

Kakao and Grab mull over partnership in Vietnam

If successful, Kakao’s presence in Vietnam would mark its second overseas expansion after it signed a partnership with Japan Taxi last year to enable call taxi services for Korean users.

Vietnam's industrial real estate attracting investors amid global uncertainty: JLL

Trade tensions between the US and China are driving increased real estate investor interest in Southeast Asian countries, with Vietnam’s industrial sector a key focal point, according to JLL Vietnam.

 

Properly managing relationship with US crucial for Vietnam: Moody’s

Fading external demand and a weaker global outlook serve as the primary concerns for Vietnam’s export-reliant economy.

FMCG keeps growth momentum in Vietnam’s rural areas

Emerging channels contribute two thirds of total incremental spending come from these channels.

Vietnam's banks get more support to cut interest rates

Commercial banks are expected to lower lending interest rates after getting more support to cut input costs from the State Bank of Viet Nam (SBV)’s...

Rice exports bring $2.24 billion for Vietnam in nine months

Vietnam shipped abroad 586,000 tonnes of rice in September for $251 million, pushing the total rice export volume and value in the first nine months of this year to 5.2 million tonnes and $2.24 billion, respectively.

 

Kite Air seen losing VND350 billion in first three years of operation

The Civil Aviation Authority of Vietnam (CAAV) has completed its appraisal and evaluation of Thien Minh Aviation JSC’s proposal to set up a new airline, called Kite Air.

 

4 major trends of Vietnam’s distribution and retail channels

With a population of nearly 100 million, the country’s final consumption expenditure has been maintaining at a high rate of over 70% annually, indicating huge potential remains for the market.

BUSINESS NEWS OCTOBER 4

HSBC Vietnam appoints new CEO

 

Corona Casino reports $13.04 million gross profit in six months

Corona Casino – the first casino in Vietnam where Vietnamese people are permitted to gamble – has reported a gross profit of $13.04 million and pre-tax profit of $4.7 million after six months of operation.

 

Vietnam trade ministry rejects rumors on selling Sabeco shares to Chinese

To date, Saigon Beer Alcohol Beverage Corp (Sabeco) only has two major shareholders, including Vietnam Beverage with a 53.59% stake and the Ministry of Industry and Trade being state capital representative at the brewer with 36%.

WTO warns trade wars threaten living standards and jobs

The World Trade Organization has slashed its forecast for trade growth this year by more than half, warning the slowdown could hit living standards and jobs.
 

BUSINESS NEWS OCTOBER 3

CBU automobile imports surge in Jan-Aug

 

Hong Kong becomes largest investor of Vietnam in nine months

Hong Kong (China) topped 109 countries and territories investing in Vietnam in the first nine months of this year with total capital of $5.89 billion, reported the General Statistics Office (GSO).

 

ADB signs $37 million loan agreement for Southeast Asia's largest floating solar plant in Vietnam

Da Mi has $37 million for a floating solar project it wants to build at its hydropower plant in Binh Thuan province.

JPMorgan says forget Brexit and a German recession, it's time to buy European stocks

Despite a looming Brexit, political uncertainty in Italy and a likely German recession, this is the moment to buy European stocks, according to JPMorgan (JPM).

Vietnam, top 5 in pig husbandry, imports pork in large quantity

The amount of pork Vietnam imported in the first seven months of the year increased by 3.4 times in quantity, while the value rose by 4.3 times compared with the same period last year.

Ford is handing control of its India business to Mahindra

Ford is beating a partial retreat from India's large but struggling car market.

 

Retail sales rise on strong consumer demand

Total revenue from retail trade and services in the first nine months of this year reached VND3.6 quadrillion (US$156.5 billion), 11.6 per cent over the same period last year.