vietnam business news

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Chinese imports bearing “Made-in-Vietnam” labels remain rampant

Customs agencies have recently discovered many batches of Chinese products bearing “Made-in-Vietnam” labels.

Automation technology has gained a foothold in Vietnam: expert

PhD Doctor Nguyen Quan, President of the Viet Nam Automation Association, talks to Hà Nội Mới (New Hà Nội) newspaper on the role of automation in Industry 4.0

110 rural industrial products to receive official recognition

A ceremony to honor and grant certificates of recognition for 110 typical rural industrial products is scheduled to take place on September 18 in Hanoi.

State Bank of Vietnam cuts official interest rates

The State Bank of Vietnam (SBV) said the official interest rates will be adjusted down as from September 16.

 

BUSINESS NEWS SEPTEMBER 14

Retail spaces should become co-working offices: JLL

Vietnam to gain $11b from wood and forest product exports in 2019

Vietnam is likely to reach its export turnover target of US$11 billion from wood and forestry products this year as the main season for business is in the last six months of the year. 

Vietnam gas association urges Government to cut red tape

The Vietnam Gas Association has asked the Government to cut red tape for gas trading.

 

Vietnam's Tra fish companies see stock prices plummet

Vietnam's tra fish (pangasius) industry has seen a plummet in stock prices due to falling tra fish prices and volatile export markets.

 

Experts upbeat about Vietnam’s consumption outlook

Vietnam's private consumption growth will remain strong, supported by improvements in the labour market as youth unemployment falls, minimum wages grow and lower inflation levels prevail, experts forecast.

 

Transport ministry proposes State takeover of Airports Corporation of Vietnam

The Ministry of Transport has asked the prime minister to consider a plan to buy out the Airports Corporation of Vietnam (ACV), turning ACV into a wholly State-owned company to ensure national security and defense interests are secured.

 

BUSINESS NEWS SEPTEMBER 13

Wood processing firms should embrace technologies: experts

Door open wide for VN farm produce export to Europe

The recent signing of the EU-Vietnam Free Trade Agreement (EVFTA) has opened the door wider for Vietnamese farm produce to make inroads into the more than 500-million people strong market.

 

BUSINESS NEWS SEPTEMBER 12

RoK investors hail Long An province’s potential for smart city

 

GIC-led consortium buys $500 million shares in Vingroup’s subsidiary

Singapore’s sovereign wealth fund, GIC announced on Monday that its consortium bought US$500 million stake in one of the subsidiaries of Viet Nam's largest conglomerate Vingroup JSC.

 

BUSINESS NEWS SEPTEMBER 11

Forum on cooperative economy, cooperatives slated for mid-October

 

State loss-making projects can bring problems to arbitration

Deputy Prime Minister Vuong Dinh Hue agrees 12 loss-making State-funded enterprises may bring their conflicts with contractors to arbitrators if those conflicts are not resolved by the end of this year.

 

Authorities to have check-up on Vietnam Electricity’s power production costs

The Ministry of Industry and Trade (MoIT) will be checking electricity production and business costs of Vietnam Electricity (EVN) from last year.

 

Financial mechanisms urged to support start-ups in Vietnam

Prime Minister Nguyen Xuan Phuc has asked for financial mechanisms to be built to attract investment into start-ups and innovation activities from both the country’s inside and outside resources.

 

Government to decide on Vietnamese Stock Exchange headquarters

The Government will decide the location of the soon-to-be-established Vietnam Stock Exchange (VNSC) in either Hanoi or HCM City, a National Assembly (NA) deputy chairman said on Monday.

 

Vietnam’s fiscal deficit forecast to be at 6.6% of GDP in 2019

Vietnam’s fiscal deficit, including principal repayments, would come in at 6.6 per cent of GDP in 2019 and 2020, up from 5.9 per cent in 2018, Fitch Solutions Macro Research forecast.