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Update news vietnam economy
The losses incurred by state-owned enterprises (SOEs) from outward investment projects in 2018 reached $367 million, a sharp increase of 265 percent compared with 2017, a report shows.
During the first phase of the construction, the work items include a runway, a passenger terminal with handling capacity up to 25 million people and a cargo terminal for 1.2 million tons of goods annually.
Without the presence of strong policies, Vietnam faces the risk of losing the majority share of domestic car markets to foreign players, said an expert.
The central bank warned commercial banks of this issue two years ago.
Commercial banks are issuing international bonds because they need foreign currencies to satisfy dollar capital demand.
Experienced candidates, aged 40 and over, are expected to have the highest demand for jobs by the end of 2019.
Inflows from emerging countries might fail to meet environmental protection requirements.
With value of VND30 trillion, stable growth and low average consumption per capita, the Vietnamese vegetable oil market is attracting many foreign enterprises.
Vietnam legislation: ready for integration?
Vietnam has closed its doors to international investors joining the Eastern Cluster of the North-South Expressway initiative, catering to domestic groups only.
Vietnam is among the top 20 contributors to global economic growth, according to a Bloomberg analysis of International Monetary Fund (IMF) data.
Vietnam’s rapid digital transformation demand is building new pathways for businesses. However, in order to translate these into real success stories, numerous obstructions will need to be removed.
Institutions, foreign and domestic, have confidence in the stability of the dong, despite the depreciation of many local currencies in ASEAN.
Vietnam recorded a trade surplus of over US$6.8 billion between the beginning of the year and October 15 with total import-export turnover reaching over US$403 billion, according to statistics released by the General Department of Vietnam Customs.
The biggest difficulties facing Vietnam’s steel industry are trade remedies applied by importing countries and supply of materials.
Fitch Solutions has revised up its real GDP growth forecast for Vietnam to 6.9 per cent in 2019, from 6.5 per cent previously.
The banking sector had made considerable headway into settling bad debt, restructuring credit institutions and developing the banking system two years since the National Assembly issued a resolution on the industry.
Recent reports of contaminated tap water have caused great public concern across Viet Nam, the latest issue for investors in a sector the State is divesting from.
Vietnam's import-export turnover was on target to hit US$500 billion this year, said director of the General Department of Customs Nguyen Van Can.
Firms cautioned when exporting pepper to Myanmar