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Update news vietnam economy
Capital contributions and share purchases by foreign investors up in first ten months while new projects and capital fall, MPI report shows.
Cars from Thailand and Indonesia accounted for the majority of cars imported between January and September this year.
To transition to renewable energy, Viet Nam will need assistance and aid from its foreign partners, a top energy official has said.
The Government will continue to tighten credit in the real estate industry.
Many Vietnamese products' availability at large supermarkets in Thailand will act as a springboard for Vietnamese goods to reach the regional market.
The sharing economy has brought countless benefits to the market, economy, consumers, as well as governments which set down the path of implementation.
Since October, Vietnamese and foreign commercial banks are no longer allowed to provide mid- and long-term foreign currency loans.
Remittances, along with foreign direct and indirect investment, and official development assistance are major sources of Vietnam’s foreign currency supply.
Foreign investment disbursement reaches 23.2 percent
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.
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.
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 has made significant improvements in getting credit and paying taxes, resulting in increases of 5 and 6.1 points against last year’s results.
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 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.
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.
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.
The United Nations Development Program (UNDP)-supported business model makes both ‘social’ and business sense.
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.
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.