vietnam economy

Update news vietnam economy

Vietnam's ten-month FDI capital contributions at $10.8 billion

Capital contributions and share purchases by foreign investors up in first ten months while new projects and capital fall, MPI report shows.

Vietnam's import of cars from Thailand, Indonesia continue rising

Cars from Thailand and Indonesia accounted for the majority of cars imported between January and September this year.

Vietnam needs foreign aid to develop renewable energy

To transition to renewable energy, Viet Nam will need assistance and aid from its foreign partners, a top energy official has said.

Vietnamese Gov’t takes tighter control over large-size real estate projects

The Government will continue to tighten credit in the real estate industry.

 

Makers of Vietnamese goods seek foothold in Thailand

Many Vietnamese products' availability at large supermarkets in Thailand will act as a springboard for Vietnamese goods to reach the regional market.

Impacts of the sharing economy

The sharing economy has brought countless benefits to the market, economy, consumers, as well as governments which set down the path of implementation.

Vietnam implementing de-dollarization policy

Since October, Vietnamese and foreign commercial banks are no longer allowed to provide mid- and long-term foreign currency loans. 

Vietnam projected to be among world’s top 10 remittance recipients in 2019

Remittances, along with foreign direct and indirect investment, and official development assistance are major sources of Vietnam’s foreign currency supply.

VIETNAM BUSINESS NEWS HEADLINES OCTOBER 24

Foreign investment disbursement reaches 23.2 percent

 

North-South expy fails to find investors despite relaxed requirements

Concerns over capital recovery, difficulty in accessing bank loans and the scant number of vehicles traveling on projected roads have discouraged local investors from joining the project to build eight sections of the north-south expressway.

Vietnamese automobile industry needs special policies to raise competition

Vietnam needs to issue special policies for the automobile industry to catch up with other countries in the ASEAN region, said experts at a conference held in Hanoi on Tuesday.

 

Vietnam attracts investors in the face of economic uncertainty

Despite the slowdown in global deal-making due to ongoing worldwide economic uncertainty, Vietnam remains active in M&A in 2020, according to a new report by Baker McKenzie.

 

Vietnam slips further in WB’s Doing Business 2020 ranking despite scoring higher

Vietnam has made significant improvements in getting credit and paying taxes, resulting in increases of 5 and 6.1 points against last year’s results.

Vietnamese Govt proposes borrowing US$19.9 billion next year

The Government has proposed borrowing VND459.5 trillion (US$19.9 billion) next year to make up for the State budget deficit, increasing regular expenditures and social insurance debts.

Vietnam’s Kite Air scheduled for commercial operation in Q1/2020

Vietnam’s Ministry of Transport supports the establishment of Kite Air as room remains large for airlines utilizing small airports, in turn meeting Vietnam’s huge transport demands.

Vietnam’s automation still lags behind other countries: experts

Many projects in the automation sector are on par with the international level, but Vietnam is still lagging far behind other countries in putting them into service, said Le Hoai Quoc, chairman of the HCMC Automation Association.

Vietnam’s $20 billion automobile market at risk of decline

If supporting industries cannot develop and automobile joint ventures continue importing car parts for assembly, Vietnam’s automobile industry will not survive after 2025, analysts say.

Inclusive business helps Vietnam keep up with changing market

The United Nations Development Program (UNDP)-supported business model makes both ‘social’ and business sense.

European banks eligible to own up to 49% stake in two Vietnamese peers

As the EU has strong expertise in fields of financial services and telecommunication, the EU – Vietnam Free Trade Agreement (EVFTA) would have strong impact on the future landscape of Vietnam’s finance – telecommunication markets, said an expert.

Vietnam Airlines raises salary for its pilots

The Vietnam Airlines Corporation has decided to increase the salary of pilots on Boeing B787 and Airbus A350 by 22 percent, nine months ahead of schedule.