vietnam business news

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Ministry of Construction urges strengthening of anti-money laundering in realty

The Ministry of Construction has requested its department in cities and provinces urge enterprises in the real estate sector to report suspicious transactions and cash transactions worth VND300 million and above.

 

Labour-related difficulties lie ahead for Vietnamese textile firms

Vietnamese textile and apparel firms are facing tough times expanding their businesses, especially in terms of human resource development, experts said on Friday.

 

VN stocks forecast to move down in August

The Vietnamese stock market last week suffered after having rallied for four consecutive weeks amid negative news from the international markets.

 

BUSINESS NEWS 4/8

Hanoi Gift Show 2019 to feature handicraft products

Cashless payments making steady inroads

Attempts to date to move the population away from their preference for cash need to be continually built upon.

 

North-South Expressway bidding to be public, transparent

The bidding for the North-South Expressway will be conducted publicly and transparently in order to select qualified contractors.

 

Trade ministry gathers feedback for Made-in-Vietnam draft circular

The Ministry of Industry and Trade is seeking feedback for a draft circular specifying the criteria for recognizing products and goods that are made in Vietnam.

 

US remains largest importer of Vietnam in seven months

The US was the largest importer of Vietnam in the first seven months of 2019 with a turnover of 32.5 billion USD, a year-on-year surge of 25.4 percent, according to the Ministry of Industry and Trade.

 

US-China trade war brings price drop for US imports in Vietnam

The prices of seafood and fruits imported from the US into Vietnam have drastically decreased due to a US-China trade war.

BUSINESS NEWS 3/8

FDI into Vietnam falls 13.4 percent in seven months

Most labour strikes occur at FDI enterprises: report

More than 80 percent of strikes in the first half of the year occurred at foreign direct investment (FDI) enterprises.

 

Vietnamese billionaire among world’s 200 richest people

Billionaire Pham Nhat Vuong has for the first time moved up to the top 200 of the Forbes’ rich list as of July 31.

 

Vietnam’s top 10 most valuable brands in 2019

Food and beverage industry and telecommunications continued to dominate the list of Vietnam’s top 10 most valuable brands in 2019 with the most representatives.

Detailed condotel rules still required

Due to lack of a legal framework, the condotel market remained tight through the first half of the year.

 

BUSINESS NEWS 2/8

CPI slightly increases in July

DKRA: Hospitality real estate still in favor

New supply and absorption see rapid rises in Q2 according to consultants DKRA.

Foreign firms dominate Vietnam logistics market through recent M&As

Foreign companies account for 80% of Vietnam`s logistics market, which is likely to be valued at US$87 billion by 2022.

In Vietnam, convenience stores facing target hurdles

In contrast to expectations, owners of many foreign convenience stores in Vietnam may not be able to meet their ambitious targets in carving a firm niche in the domestic market, due in part to fierce competition from the biggest players. 

 

Field opens up for bigger M&A deals

Driven by momentum in growth, Vietnam’s mergers and acquisitions market is expected to continue its strong focus on the sectors of consumer goods, retail, realty, and banking in the months to come.

Ride-hailing vehicles to be managed by technology?

App-based ride-hailing vehicles may be managed by technology, instead of having to install a light box on top as proposed by the Ministry of Transport (MoT) earlier.