vietnam economy

Update news vietnam economy

Consumer financier FCCOM sells 50 pct stake to Hyundai Card

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.

Vietnamese agricultural products aim to join global value chain

Deputy Minister of Agriculture Ha Cong Tuan talks to Năng Lượng Mới (New Energy) newspaper about the strengths and weaknesses of Vietnamese agricultural products.

ADB calls for modern marketing infrastructure in Vietnam

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.

Chinese investment up while FDI approvals for Japan and S.Korea down

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.

Local content in cars woefully low

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%.

Gojek, Grab seek to expand services in Vietnam

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.

Import licences to be granted online from November 1

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.

International forwarding market worth billions of dollars

The e-commerce boom has led to a great demand for international forwarding services.

Capital flows into real estate sector despite VN central bank's measures to tighten lending

Outstanding loans to the real estate sector have been increasing steadily although Vietnam has been keeping tight control over lending.

VIETNAM BUSINESS NEWS HEADLINES OCTOBER 31

Vietnam posts US$7 billion trade surplus in 10 months

Pressures from aging people may lead UNIQLO targeting Vietnam

The increasing number of elderly and the shrinking young population of Japan may be the main reasons pushing UNIQLO to other markets, including Vietnam.

Vietnamese government, economists optimistic about Q4 economic performance

Vietnam's GDP growth rate is expected to surpass the target and reach 6.8-7 percent.

Six Asian investors are filing a lawsuit against Huy Vietnam

Six Asia-based investors of Huy Vietnam are filing a lawsuit against founder Huy Nhat for suddenly closing the Mon Hue restaurant chain.

Restaurant chain Mon Hue owes more debt than previously reported

Mon Hue, a chain of restaurants with a large network of outlets across the country, suddenly closed its doors recently.

F&B to drive retail property market in HCM City

Food and beverage and fashion and lifestyle will continue to drive demand in HCM City’s retail property market, according to real estate consultancies.

 

Vietnam's forex rate forecast to remain stable till year-end

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.

 

Vietnam's import-export turnover exceeds $400 billion

In the first half of this month, total import and export value of Vietnam reached nearly $21 billion.

VIETNAM BUSINESS NEWS HEADLINES OCTOBER 30

Vietnam, Russia agree on measures to boost bilateral ties

Vietnam beverage industry potential appeals to foreign players

Listed among leading Asian consumers of alcoholic drinks, Vietnam remains potential for foreign investors.

Foreigners still struggle to own property in Vietnam

Experts have called for loosened legislation to facilitate foreign ownership of property in the country.