vietnam business news

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Vietnam's printing firms at risk of losing lion’s share

The domestic printing industry is primarily dominated by local firms, but increasing foreign investment is putting them at risk of losing their majority shares, said an official recently.

High hopes for PPP draft law

Amid expectation among investors, the latest draft of the Law on Public-Private Partnership has come out with some positive changes, pinning high hopes on a bankable legal framework for future projects.

Vietnamese cooking oil market heats up

The cooking oil market in Vietnam has become more competitive than ever, with many firms jumping into the industry.

 

Da Nang looks for more air routes in 2020

The central city will connect with more countries around the world as new flights are launched to more destinations from Da Nang.

Hindrances preventing FIEs from listing on stock market

A number of foreign-invested enterprises have been unlisting their shares in Vietnam due to alleged legal problems.

Interest rates stay steady til year end: VN Central Bank official

With a positive macroeconomic background at the moment, interest rates will basically stay steady until the end of the year due to excessive liquidity and proper credit growth, according to an official from the State Bank of Vietnam.

Quality FDI attraction receives resolution lift

With the Politburo’s new orientation in the policies on foreign investment attraction, government agencies and localities are hoping to stave off potential issues in order to take the appropriate actions to add to its attraction.

Competition in Vietnam's airline industry set to intensify

Increasing numbers of airlines and aircraft are putting serious pressure on Viet Nam’s aviation infrastructure.

HoSE, HNX will have separate roles and missions

The Ho Chi Minh Stock Exchange (HoSE) will solely concentrate on operating the according to the Ministry of Finance.

 

Vietnam needs to target halal markets

Vietnam has missed out on US$23.6 billion in exports to halal markets, according to experts who spoke at a seminar on standards needed for Halal certification on Monday.

 

BUSINESS NEWS SEPTEMBER 18

Vietnamese firms to attend India-CLMV trade meeting in India

 

Firms shouldn't let circular economy go to waste

Tran Thi Binh, 60, who lives in Ha Noi, has no idea about the circular economy but now brings her canvas bag shopping instead of taking plastic bags from the supermarket.

 

Vietnam’s textile export value up almost 9% in eight months

Vietnam Textile and Apparel Association (Vitas) said the total export value of textiles, fiber, and cloth reached US$25.7 billion in the first 8 months of the year, up 8.6 per cent year on year, including 60.6 per cent from FDI enterprises.

 

Vietnam is urged to tighten origin rules to avoid investigations

Some Vietnamese exports have been investigated for origin fraud and tax evasion, which requires tougher action from the Vietnamese Government to settle the problem and keep its exports growing.

 

BUSINESS NEWS SEPTEMBER 17

Bamboo Airways raises charter capital to $55.87 million

Fitch Ratings assigns PetroVietnam at ‘BB’ for first time

Fitch Ratings has assigned the Vietnam Oil and Gas Group's (PetroVietnam) first-time long-term foreign-currency issuer default rating (IDR) at 'BB' with a positive outlook.

 

Vietnam’s coffee exports plummet in eight months

Although ranking second in the world, Vietnam's coffee exports are plummeting.

 

VN fertiliser stocks nosedive on difficulties

Rising input production costs, unfavourable weather conditions, a saturated domestic market and stiff competition are causing difficulties for fertiliser businesses.

 

VN banks requested to control loans with savings books as collateral

The State Bank of Vietnam (SBV) has asked local commercial banks to tighten control of loans that use savings books as collateral to ensure the safety of the banking system.