vietnam economy

Update news vietnam economy

Nguyen Kim completely bought by Thailand's Central Group

Once the first and the largest distributor of home appliances, Nguyen Kim has lost its market share as its rival expanded too rapidly.

BUSINESS NEWS HEADLINES MARCH 4

Pilot scheme for ride-hailing services to officially stop on April 1

Vietnam’s fintech explosion: investment capital soars from 0% to 36% in SE Asia

The investment capital poured into Vietnam’s fintechs in 2019 accounted for 36 percent of total capital into Southeast Asia. The figure was zero percent in 2018.

VN cross-border trade suffers heavily in Covid-19 crisis

Imports and exports of farm produce, especially fruit, to China in the next six to eight months will not be as high as in January 2019.

Will phone exports bounce back as Samsung’s production in China slows?

Samsung is believed to have great advantages over its rivals as its production base is in Vietnam, not in China, where the Covid-2019 has forced a series of factories to close down.

MB Bank sells shares in a private deal

The Military Commercial Joint Stock Bank (MB Bank) is seeking a potential investor to sell an additional 211.35 million shares in a private deal.

 

Vietnamese asparagus could enter Australian market this month

Vietnam could export asparagus to Australia this month, according to the Viet Nam Trade Office in Australia.

VN to develop large-scale SOEs

The Government has asked the Ministry of Planning and Investment to build a project on developing large-scale State-owned enterprises (SOEs) to promote their role in the country’s socio-economic development.

 

Overview of Vietnamese green building market

A handy infographic of the most important figures from the Vietnamese green building market.

Are fintechs in Vietnam mostly e-wallets?

Investment funds had poured $410 million into Vietnam’s fintechs as of the end of September 2019, according to a report of PricewaterhouseCoopers, United Overseas Bank and Singaporean Fintech Association.

E-commerce and FMCG markets shaken by outbreak

Amid the current coronavirus epidemic, the fast-moving consumer goods and e-commerce sectors have experienced a tumultuous period.

BUSINESS NEWS HEADLINES MARCH 2

Logistics industry problems persist: conference

 

Foreign investors penetrate deep into Vietnam’s e-commerce market

The few e-commerce players which survive the stiff competition in the market are all backed by big foreign firms in the region.

Post-coronavirus economic policies

The coronavirus epidemic has sent many of the economic activities into a tailspin.

BUSINESS NEWS HEADLINES MARCH 1

February CPI falls by 0.17 percent

Unreasonable policy keeps private investors away from railway projects

Many private investors say they want to develop railway projects but have given up because of certain policies.

BUSINESS NEWS HEADLINES FEB. 29

Strategy to be built to develop modern industry

 

Red books won’t determine the survival of condotels: experts

Real estate experts believe that the condotel growth will not depend on state agencies but on investors.

Analysts see opportunities for Vietnam in coronavirus crisis

There are always opportunities in misfortunes, according to Huynh Minh Tuan, brokerage director of Mirae Asset Vietnam.

Vietnam Airlines significantly hit by Covid-19 outbreak

The outbreak of the novel coronavirus has severely hurt Vietnam Airlines, with 40% of its aircraft lying idle, senior executives’ salaries being cut by 40% and some representative offices being closed, stated general director Duong Tri Thanh.