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BUSINESS NEWS 8/8

Seven-month trade surplus tops $1.8 billion

Strong desire for M&A deals in real estate

Foreign investment flows into Vietnam’s property sector through merger and acquisition transactions have been reported to be on a strong momentum, with outstanding deals made in 2018 and the first half of 2019.

 

8 reasons behind gap in Vietnam’s productivity level and regional peers

GDP growth based on high productivity is the way forward for Vietnam to maintain rapid and sustainable economic growth, said head of Vietnam’s General Statistics Office.

 

Big C resumes ordering goods from 169 local suppliers

The Big C supermarket chain, owned by Central Group, has resumed placing orders for soft-line products at 169 out of 200 local apparel firms, after its abrupt suspension of purchases last month.

 

Vinalines’ huge ships selling as scrap iron

OCD An Thuan Phat Auctioning has announced the auction of Vinalines’ ships on August 9 as authorized by the national shipping line firm.

Vietnam fails to attract FDI in hi-tech agriculture

Vietnam ranks among the top 3 rice and coffee exporters in the world, and its vegetable and fruit exports are expected to reach $10 billion prior to 2025.

Grant Thornton: Trade war not dampening confidence in Vietnam

Asia-Pacific businesses benefiting from shift in manufacturing from US-China trade war, according to Grant Thornton study.

VN catfish exports: sales goals unmet despite price cut

Catfish exports have been unsatisfactory recently. Sales to China and the US have been decreasing since the beginning of the year.

Highlights of Vietnam’s economy in H1/2019

Vietnam`s economy kept growing track in the first half this year with maintained GDP growth rate and stable CPI.

Tax cuts reduce the burden for enterprises

Dau Anh Tuan, head of the Vietnam Chamber of Commerce and Industry’s Legal Division, speaks newspaper on the Government’s decision to reduce the corporate tax for enterprises – good news for small- and medium-sized enterprises nationwide.

 

VN cities see boom in Japanese restaurant chains

Japanese investors are pouring money into hundreds of restaurants in Vietnam as local incomes continue to rise around the country.

 

Vietnam’s steel exporters benefit from US import tariffs

The domestic steel industry in the first half of the year produced a total of 12.6 million tons of steel, sold 11.6 million tons, of which 2.5 million tons were exported, increasing by 7.7%, 9.8% and 6.3% year-on-year, respectively.

Vietnamese businesses urged to join circular economy

Vietnamese businesses cannot stand outside the circular economy, especially in the context of global economic integration with commitments on ecological and environmental safety standards through free trade agreements.

 

Real estate firms switch to bonds due to less bank loans

Bond issuance is becoming an ideal channel for real estate firms to raise capital as credit policies for property development are gradually being tightened, experts said.

 

Industry&Trade Ministry to set 'Made in Vietnam' criteria

‘Made in Viet Nam’ products are required to have a localisation rate of 30 per cent and be partly produced in Viet Nam.

 

US launches investigations into Vietnam’s wind towers

The US Department of Commerce (DOC) has initiated new antidumping duty (AD) and countervailing duty (CVD) investigations into utility scale wind towers from Vietnam, along with Canada, Indonesia and the Republic of Korea.

 

The China plus one strategy and the benefit for Vietnam

Although the US-China trade dispute remains unpredictable, long term tensions will still push investors to pursue the ‘China plus one’ approach.

 

Bamboo Airways forces down FLC's profit

The operation of Bamboo Airways deeply decreased the gross margin of FLC’s services.

 

BIDV, Vietcombank, and Vietinbank amass nearly $2 billion in bad debts

Growing bad debts reaching hundreds of millions of US dollars keep pressuring BIDV, Vietcombank, and VietinBank.

 

BUSINESS NEWS 6/8

Vietnam has high demand for automotive robotics solutions