vietnam economy

Update news vietnam economy

More than 800 firms stop operating or scale down because of coronavirus

More than 800 businesses and 8,700 employees have been affected by the novel coronavirus epidemic, according to the Ministry of Labour, Invalids and Social Affairs.

Two scenarios for Vietnam’s economic growth

If the nCoV epidemic lasts a long time, the GDP is expected to decrease.

PM Phuc allows border gates to re-open

Prime Minister Nguyen Xuan Phuc approved the resumption of imports, exports and transport of goods through three sub-border gates between Vietnam and China to help local firms.

EVFTA and EVIPA important to economic relations in VN and EU

The European Parliament ratified EVFTA and EVIPA. Vietnam News Agency spoke to Deputy Minister of Foreign Affairs Bùi Thanh Sơn in Paris about the...

Vietnam vows to obtain $300 billion in export turnover

The Prime Minister has set the goal of exporting $300 billion worth of products this year, but with the coronavirus outbreak, this proves to be an impossible mission.

BUSINESS NEWS HEADLINES FEB. 14

Large retail formats to dominate HCM City’s retail market

Vietnam may loosen monetary policy to support economic growth

In the first days of the Year of the Rat, the economy has been experiencing unfavorable conditions because of the coronavirus outbreak, originating from Wuhan City, China.

Coronavirus outbreak hits aviation industry hard

Flying an empty aircraft for the second time in one week, Hoang, a captain working for a Vietnamese airline, has heard that the airline is incurring big losses because of nCoV.

Produce 'rescue' campaigns help farmers amid export decline to China due to coronavirus outbreak

Mekong Delta farmers are facing natural calamities and saline intrusion, as well as the decline of the Chinese market amid the coronavirus outbreak.

Property market in 2020 may heat up thanks to new policies

Many new policies will take effect in 2020 which aim to warm up the housing market segment for those with real accommodation demand.

Vietnam’s pepper market faces falling prices

The decline of the market has excluded a high number of pepper growing households out of the supply chain.

BUSINESS NEWS HEADLINES FEB. 12

Vietnam holds key to expediting infrastructure investment: Moody’s

 

How will the coronavirus affect Vietnam’s economy?

Bao Viet Securities (BVSC) predicted that the GDP would grow by 6.5 percent in Q1 2010, or 0.2-0.4 percent lower than the same period last year. The growth will recover in Q2.

Private investors have few opportunities to develop airports

A large part of the national plan on mobilizing different investment sources for the development of airports is reserved to analyze the important role of the Airports Corporation of Vietnam (ACV) in the development and management of airports.

Coronavirus hits FDI firms’ production, business

The shortage of materials and various labor-related problems attributable to the spread of the Wuhan coronavirus have affected the production and business activities of large foreign direct investment (FDI) enterprises in Vietnam.

 

VN Finance Ministry urged to amend out-of-date personal income tax law

The consumer price index (CPI) has increased by 22 percent compared with July 2013, when the 2012 amended PIT Law took effect. However, the taxation threshold remains unchanged.

Real estate market forecast to be soft in 2020

The real estate market was stagnant in 2019 and it will continue to be soft in 2020, when many businesses and contractors are expected to go bankrupt because of the lack of projects. 

The path to $500 billion import/export turnover

Just within five years, from 2015 to 2019, Vietnam’s import/export turnover reached $2.106 trillion, which was higher than the total import/export turnover of the 15 years before.

Vietnam will not use exchange rate as a tool to boost trade: SBV

The State Bank of Vietnam (SBV) has many times affirmed that Vietnam has no intention of devaluing the local currency to gain advantages in trade with its partners.

Vietnam’s stock market turns 20 years old in 2020

Despite its young age, the Vietnamese stock market has made great contributions to economic development in the last 20 years.