vietnam economy

Update news vietnam economy

Vietnam’s startups make arduous efforts to call for foreign capital

Most Vietnamese startups find it difficult to call for investment, especially foreign investment.

Vietnamese fashion brands struggle to survive in home market

Selling nearly all of its shares to its Japanese partner, MTV Global Fashion, which owns the Vascara brand, has been added to the list of local companies bought by foreign firms.

VIETNAM BUSINESS NEWS HEADLINES NOVEMBER 21

Rice export revenue suffers from price drop

 

VN Government cautious when setting export growth target in 2020

Vietnam expects to see spectacular export growth rate in 2019 despite influences from the US-China trade war, but the government has decided to maintain the same export target for 2020.

VIETNAM BUSINESS NEWS HEADLINES NOVEMBER 20

MoIT concerned over potential electricity shortages

Vietnam’s rice price surprisingly low despite high quality

Vietnam is famous as one of the world's biggest rice exporters, but its export price is low.

Billions of dollars are being poured into Vietnam’s leading companies

Large foreign capital is being poured into Vietnamese enterprises, especially big companies in different business fields.

Software firms are adding more value to their products

TMA Solutions, one of the largest software outsourcing companies in Vietnam, has established the TMA Innovation Centre to develop new software products and solutions based on Industry 4.0 technologies,

Law on Enterprises needs greater reforms

Vietnam must continue to improve on its Law on Enterprises, experts and researchers said at a law conference in Hanoi yesterday.

Fintech to drive digital payments: Visa

Fintech companies could hold the key to driving last-mile adoption of digital payments and unlocking vast cash displacement opportunity in Southeast Asia, including Vietnam, according to Visa, a world leader in digital payments.

Russian enterprises set sights on healthcare and high tech in Vietnam

Vietnam and Russia are expanding bilateral co-operation to new sectors with an emphasis on healthcare and high tech, in addition to energy.

More airlines join market, create infrastructure bottlenecks

Runways, infrastructure and air traffic control activities cannot keep up with the pace of aviation market development.

VN automobile support-industry growth remains modest

The proportion of automobile parts made in Vietnam remains modest because of problems in production costs and quality.

Foreign investors reject Mon Hue founder’s statement

Foreign investors in Mon Hue, a chain of up to 80 restaurants across the country, have rejected the claims of Huy Nhat, founder and chairman of the chain, that they had taken over the chain. 

Big fashion brands enter Vietnam market

The Vietnamese fashion market has been busy in recent years with the presence of big players in the industry.

VN central bank proposes account freezes to tackle fraud

The State Bank of Viet Nam (SBV) has proposed freezing the accounts of those suspected of committing the fraud.

 

Banks tighten credit as real estate developers search for more capital

Real estate firms are seeking new sources of capital as commercial banks have tightened lending.

E-commerce delivery battle in Vietnam becomes more costly

Online buyers in Vietnam are increasingly impatient, driving the war on delivery speed.

Tourism to boost hotel real estate segment in Vietnam

Viet Nam's growing tourism industry and thriving economy have drawn interest in the country's hotel and resort market from investors across the region, making Viet Nam one of the most talked about markets in Asia Pacific.

 

A predicted scenario

For the first time in years, the Bank for Investment and Development of Vietnam (BIDV) has fallen out of the list of the top five profitable banks in the face of the strong growth of joint-stock commercial banks.