vietnam economy

Update news vietnam economy

Ample opportunities for infrastructure investors

The transport sector could make a breakthrough in investment mobilisation for national key projects this year.

Economic think tanks praise Vietnam’s responsive tactics

Vietnam has made solid efforts to be more enabling and responsive to businesses that form a firm pillar for strong economic growth. 

International media highlights Vietnam’s economic success in 2019

International media outlets have highlighted Vietnam’s thriving economy which is among the fastest-growing in Southeast Asia in 2019 amid the global economic slowdown.

2019: prosperous year for Vietnam’s e-commerce, fintech firms

Start-up activities are growing fast despite the slowdown of the global economy. The gap between Vietnam and the two regional leading countries, Indonesia and Singapore, has narrowed.

Car market in 2020 remains an unknown

The government will soon issue the legal document amending Decree 116 on the conditions for manufacturing, assembling, and importing cars, and providing car maintenance services.

Vietnam aims for $100 billion export turnover from textiles and garments

Prime Minister Nguyen Xuan Phuc emphasized that it was necessary to settle six problems in the textile and garment industry to avoid losing important export markets.

BUSINESS NEWS HEADLINES JAN. 25

VPBank annouces record pre-tax profit in 2019

Vietnam’s airlines and the dream to fly to the US

Vietnam began thinking of flying non-stop to the US 16 years ago, but the plan has yet to be implemented.

Bac Lieu LNG-to-power project triples January FDI inflow

The Bac Lieu LNG-to-power project marks the first billion-dollar foreign direct investment project in 2020 after a year going without projects of this magnitude, effectively tripling the first-month foreign investment inflows against last year.

International fast fashion brands see opportunities in Vietnamese market

A number of famous international fast fashion brands have arrived in the promising Vietnamese market.

Oil and gas manufacturing affirms stuff in integration

The Government will establish a market for mechanic firms to develop, including facilitating the sector to seek for domestic and overseas markets for the country’s oil and gas engineering sector’s products.

Vietnam's 7.02% GDP growth rate: joys and worries

Vietnam gained a high GDP growth rate of 7.02 percent in 2019. However, many problems still exist.

HCM City: many businesses fall into foreign hands

There were 5,720 cases of foreign investors contributing capital or buying into Vietnamese enterprises in HCM City in 2019, which was 4.3 times higher than the number of FDI projects, according to the HCM City Planning and Investment Department.

BUSINESS NEWS HEADLINES JAN. 23

HCM City: Number of business households turning into companies remains low

Vietnam garment companies had tough year in 2019

After two years of hot development, Vietnam’s textile and garment industry could not fulfill the target of exporting $40 billion worth of products in 2019.

State urged to remove barriers to pave way for private sector

Over the last 10 years, Vietnam’s private enterprises have not developed t their great potential.

BUSINESS NEWS HEADLINES JAN. 22

Maintaining exports critical to cement industry this year

BUSINESS NEWS HEADLINES JAN. 21

Local wood industry should focus on design and branding

 

Ride hailing market heats up, four CEOs resign

Four CEOs of ride-hailing firms had to leave in 2019. Go-Viet witnessed the biggest high-ranking personnel changes.

Vietnam on US watchlist for currency manipulation

Vietnam is one of 10 countries in the latest watchlist for currency manipulation released by the US Treasury Department.