vietnam economy

Update news vietnam economy

4.0 era: buy more robots or employ more workers?

Vietnam is an attractive investment destination in the 4.0 era, but it has a weak point, limited automation capability.

The $9 billion dollar market for fintechs

Investment in fintechs has been increasing rapidly in Vietnam. Fintechs, once considered an arch enemy of banks, are cooperating closely with banks.

Investors keep pouring money into e-wallets despite losses

Most e-wallets are taking losses, but they are still calling for capital from foreign investors.

HCM City Customs dept reduces number of port procedures to ease congestion

The HCM City Customs Department plans to reduce the number of and shorten the time for customs procedures at Cát Lái Port in District 2 to reduce congestion.

Speculators told to be wary of ‘exchange rate game’ as US dollar supply is plentiful

The international and domestic forex markets have seen many unexpected movements recently.

VN Plastics Association proposes retaining import tax on plastic materials

The Vietnam Plastics Association (VPA) has proposed keeping the import duty on polypropylene, a material used by the plastics sector, unchanged at the current rate of 3%, instead of increasing the tax to 5%.

 

Global changes to impact Vietnamese marine transport industry

New regulations and development in the global economy will have a strong impact on Vietnamese shipping, a conference held to discuss Viet Nam’s Maritime Future heard in HCM City on Wednesday.

 

Vietnam’s forex reserves increasing rapidly

Vietnam’s forex reserves had reached $73 billion, equal to the value of 14 weeks of imports, as of October 31.

Vietnam to amend laws to welcome power transmission projects

The Electricity Law states that the State holds a monopoly in power transmission. But Deputy Prime Minister Trinh Dinh Dung explained that this means a monopoly in management only, not investment.

Vietnamese businesses still reluctant to list shares

The number of companies which listed shares or are planning to list shares in 2019 remains very modest.

Labor shortage may cause a ‘bottleneck’ in EVFTA implementation

The need for laborers is expected to become more serious when the EU-Vietnam FTA (EVFTA) takes effect.

Credit growth rises at joint stock banks, falls at state-owned banks

The credit growth rates of state-owned banks are decreasing, but rising at joint stock banks.

Vietnam needs to promote access to supply chain financing : experts

When trade grows, promoting supply chain financing will help improve the competitiveness of micro, small and medium enterprises (MSEME) in Vietnam, enabling them to join global supply chains,

What will Vietnam be in 2045?

Speaking at the opening of the Vietnam Communist Party Central Committee’s conference on May 16, Party General Secretary and President Nguyen Phu Trong raised the question "What will our country be in 2045?"

 

Vietnamese firms struggle to export more farm produce to China

China has set comprehensive policies on importing farm produce, but Vietnam’s exports to the market remain below expectation.

The F&B chains that failed in Vietnam

Many big players have had to leave, but the Vietnamese food & beverage (F&B) market has never been more attractive in the eyes of investors.

Slowdown in FDI’s export growth to impact Vietnam’s economy in 2020

A slowdown in export growth of the foreign-invested sector could have a negative impact on Vietnam’s economy in 2020, according to SSI Securities Corporation, Vietnam’s largest brokerage house.

Vietnam’s IT gets golden chance from fresh investment wave

Vietnam's plans on digital economy, the Fourth Industrial Revolution, smart cities and startups are clearly helping the country’s IT industry continue to record strong revenue growth

Big players in Vietnam's seafood sector face big losses

The seafood sector witnessed unsatisfactory business results in the first nine months of the year as a number of big companies reported sharp declines in profits in comparison with the same period last year.

The mystery of Vietnam’s trade surplus

In its annual plans in recent years, the Government has always anticipated trade deficit. In reality, Vietnam has always run a trade surplus.