vietnam economy

Update news vietnam economy

What if the US no longer considers Vietnam a ‘developing country’?

The US on February 10 announced the decision to remove Vietnam from the list of developing countries.

Vietnam’s e-commerce firms spend big money to fight foreign giants

If Tiki and Sendo successfully carry out the merger, the Vietnamese e-commerce market will be the playing field for three major players. Two of them, Lazada and Shopee, are foreign invested.

Bright spots for FDI inflows in Vietnam in 2020

There is cause for optimism among business leaders in Vietnam and beyond in terms of foreign direct investment flows in 2020, with geopolitical and health factors leading to companies to formulate a plan B for operations. 

The ‘farm produce rescue’ method

Some retailers have reportedto the Ministry of Industry and Trade (MOIT) that there is no more farm produce to rescue. But farmers still complain that their farm produce remains unsalable.

BUSINESS NEWS HEADLINES FEB. 27

Sugar stocks on the rise thank to global rising prices

With no limitation on foreign ownership, Vietnam fintech market expects to boom

The State Bank of Vietnam (SBV) plans to set no limit on foreign ownership in fintechs.

Vietnam needs new approaches to fund development: ADB expert

As Vietnam is estimated to need an average of US$210 billion for infrastructure per year through 2030 to meet its development targets, an ADB expert suggested the country should adopt new approaches to get the huge capital.

 

VN brewers under pressure as enforcement of drunk driving strengthened under new decree

The Decree 100 which imposes heavy fines on drunk drivers as well as the fears amid Covid-2019 have affected the brewing industry.

Coronavirus changes Vietnamese shopping habits

Supermarkets all report that the number of clients buying goods online and via phones has increased sharply by 4-5 times amid the coronavirus (Covid-19) crisis.

BUSINESS NEWS HEADLINES FEB. 26

Vietnam to enhance agriculture risk management capacity

 

Airlines try every possible method to retain passengers during Covid-19 epidemic

All airlines in Vietnam, except Vasco, which flies on short-distance routes, are regularly updating information about their activities and sale promotion programs to attract passengers.

Trains may have to stop running because of unreasonable policy

The Vietnam Railways Corporation (VNR) may have to stop running trains because of the lack of a policy to allocate money for train maintenance.

Business production hit because of lack of materials from China

Vietnam's reliance on Chinese materials has been clearly exposed during the Covid-2019 crisis, as imports from China have declined.

Foreign brands shake up Vietnamese fashion market

Vietnamese fashion brands are feeling the heat as more and more foreign brands have arrived.

VN real estate investors advised to ‘put eggs in many baskets’

To minimize risks as the real estate market has decelerated, investors have been told not to pour all their money into one project.

BUSINESS NEWS HEADLINES FEB. 24

Another dairy firm eligible for export to China

VN banking sector: The ‘big four’ struggle to raise charter capital

VND92 trillion is the amount of money that four state-owned banks, or the ‘big four’, have paid to the state budget since 2014.

Will new legal document bring investors back to condotel market?

The granting of ‘red books’, or land-use rights certificates, to condotels has been described as good news for the condotel market. But it’s too early to say if investors will come back.

VN businesses cautious about setting plans for 2020

Most businesses are not setting high business targets this year because of uncertainties and the unpredictable Covid-2019 epidemic.

BUSINESS NEWS HEADLINES FEB. 23

HCMC sees four key industries weakening