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Update news vietnam economy
Economists are concerned that Bamboo Airways' sale of shares to foreigners could affect national security.
Two dollar billionaires in the banking sector emerged in 2019, which also witnessed competition that led to big changes in the economy.
The real estate market was lackluster last year. The land fever in early 2019 was followed by a sharp decline in supply and the number of transactions.
Vietnam was still attractive to investors in 2019 despite global caution about US President Donald Trump’s policies.
2019 witnessed a fierce race among manufacturers and distributors to reduce prices to attract more buyers.
The market was quiet most of the time in 2019 though it witnessed many transactions in some segments in the first months of the year.
The Vietnamese stock market has been growing rapidly with market capitalization value exceeding 100 percent of GDP.
The State Bank of Vietnam (SBV) affirmed that regulations are in line with international commitments, which show Vietnam's management rights in the field of payment services.
Vietnam’s catfish exports have seen a sharp decline because of trade barriers and price fluctuations in the world market.
Many combatants have become exhausted on the e-commerce battlefield as they have had to fight against competitors who have big money.
More and more players have joined the e-wallet sector, but all of them understand that they cannot expect big profits at this moment.
Vietnam is a major rice producer and exporter in the world, but Vietnamese farmers and companies cannot make fat profits.
Banks and enterprises have rushed to issue corporate bonds in 2019 with record high value and interest rates. The hot corporate bond market has raised concerns.
Small e-commerce trading floors are going their own way to find their places in the market amid bigger players.
2019 has been a good year for the banking sector. Most commercial banks performed well with profit results exceeding the targets set earlier in the year.
Despite sale promotion campaigns launched by manufacturers, the car market remained gloomy in the last months of the year.
In early 2019, Vinamilk offered to buy shares of GTNFoods, the company which owns Moc Chau milk brand. In December 2019, Vinamilk completed the takeover deal.
On December 18, Vingroup announced its withdrawal from the retail sector. Adayroi, the e-commerce website, will merge with inID, while VinPro, the home alliance distribution brand, will be dissolved.
Successfully calling for capital from international investors, e-commerce firms are nevertheless taking losses.
Vietnam's night-time economic activities lack diversity and are small in scale, with a focus on food and night markets, or small pedestrian streets.