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Update news vietnam economy
Though the current legal regulations allow foreign investors to fully own a local firm, the investors still face hindrances to pour funds into some conditional business lines.
With more airlines planning to take flight in 2020, the room for profit-making is expected to narrow in the burgeoning aviation market, triggering doubts over the possibility of achieving success among newcomers.
Despite the global economic slowdown, Vietnam still recorded positive growth in January-October this year, said Prime Minister Nguyen Xuan Phuc at a regular Cabinet meeting on November 5.
Buoyed by a strong economy and excited by their international prospects, Vietnamese businesses are anticipating a bright future, according to the latest “HSBC Navigator: Now, Next and How” report.
Express delivery service providers have announced bigger investments in apps and technologies to give better experiences to customers.
Vietnam had taken concrete steps in the fight against illegal, unreported and unregulated fishing (IUU) based on the European Council's (EC) recommendations, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.
From the state firms’ perspective with the priority of ensuring no loss to state capital, investments in innovation pose high risks due to its uncertain nature, which could translate into successes into the long term or not.
Vietnamese consumers are shifting towards healthier lifestyles which include eating and drinking habits.
Vietnam’s economy has recorded notable achievements year to date. However, maintaining the country’s economic growth momentum may be challenging next year, according to economic expert Vo Tri Thanh.
The Ministry of Transport disbursed VND9.4 trillion for transport projects during the year to October, equivalent to 35.7% of the full-year target, while the remaining VND16.9 trillion has yet to be disbursed.
UNIQLO, the Japanese global apparel retailer, today officially announced its launching date in Vietnam. The brand’s first store, UNIQLO Dong Khoi, will open on December 6 in Ho Chi Minh City.
Siemens has appointed Pham Thai Lai as the new CEO of Siemens ASEAN and Singapore, effective from November 1.
Vietnamese chicken farmers are facing big losses as prices have sharply fallen due to rising supply.
The Internet boom, a young labor force and the strong development of e-commerce all help Vietnamese businesses access foreign markets, especially now that many next-generation FTAs have been signed.
Credit has been growing steadily in the last nine months, helping commercial banks make fat profits.
Domestic and foreign investors are channeling more funds to the local water supply as water prices continue to rise.
Ongoing assistance will see Vietnam's private sector truly become a driver of economic growth, stakeholders said.
Thien Minh Group has announced that its Kite Air will launch in the first quarter of 2020 with six aircraft and investment capital of VND5.5 trillion.
A report on Vietnam energy prospects was announced by the Ministry of Industry and Trade (MOIT) in collaboration with the Danish Ministry of Energy, Utilities and Climate.
The development of the industrial real estate market will have a positive impact on other market segments such as houses and offices for rent.