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Update news vietnam economy
The Korean credit issuer Hyundai Card has struck a deal that allows it to buy half of total shares at the consumer finance firm FCCOM for nearly $42 million.
Deputy Minister of Agriculture Ha Cong Tuan talks to Năng Lượng Mới (New Energy) newspaper about the strengths and weaknesses of Vietnamese agricultural products.
Experts at the Asian Development Bank have suggested a number of short- and long-term measures to improve agricultural wholesale markets in Vietnam, and thus help develop more efficient production and marketing systems.
Signs of a slowdown in FDI have been recorded from two key markets, Japan and South Korea, though spikes have been seen from China despite projections that Vietnam would benefit from the Sino-U.S. trade war.
The automobile manufacturing and assembly industry has grown significantly over the past two years, but the ratio of local content in domestically assembled cars with up to nine seats is very low, ranging from 7% to 10%.
Ride-hailing firms Grab and GoViet, a subsidiary of Indonesia's Gojek, have taken turns to announce plans to pump additional funding into expanding their services in Vietnam to win more riders in this fast growing market.
Companies will be able to apply for import licences online from November 1 this year, according to the Ministry of Industry and Trade (MIT)’s Foreign Trade Agency.
The e-commerce boom has led to a great demand for international forwarding services.
Outstanding loans to the real estate sector have been increasing steadily although Vietnam has been keeping tight control over lending.
Vietnam posts US$7 billion trade surplus in 10 months
The increasing number of elderly and the shrinking young population of Japan may be the main reasons pushing UNIQLO to other markets, including Vietnam.
Vietnam's GDP growth rate is expected to surpass the target and reach 6.8-7 percent.
Six Asia-based investors of Huy Vietnam are filing a lawsuit against founder Huy Nhat for suddenly closing the Mon Hue restaurant chain.
Mon Hue, a chain of restaurants with a large network of outlets across the country, suddenly closed its doors recently.
Food and beverage and fashion and lifestyle will continue to drive demand in HCM City’s retail property market, according to real estate consultancies.
The VND was expected to remain broadly stable against the USD over the remainder of 2019 and to be slightly weaker on average over 2020, buoyed by robust FDI inflows, dollar purchases by businesses, and a healthy foreign reserve position.
In the first half of this month, total import and export value of Vietnam reached nearly $21 billion.
Vietnam, Russia agree on measures to boost bilateral ties
Listed among leading Asian consumers of alcoholic drinks, Vietnam remains potential for foreign investors.
Experts have called for loosened legislation to facilitate foreign ownership of property in the country.