vietnam economy

Update news vietnam economy

Vietnamese SOEs’ outward investment projects take big losses

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.

Vietnam allocates US$4.7 billion for Phase 1 construction of new mega airport

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.

Vietnam’s auto industry needs breakthrough policies to close gap with regional peers

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.

Vietnamese banks issue more international bonds this year

Commercial banks are issuing international bonds because they need foreign currencies to satisfy dollar capital demand.

Over 80% of executives in Vietnam’s manufacturing businesses seek new jobs

Experienced candidates, aged 40 and over, are expected to have the highest demand for jobs by the end of 2019.

Vietnam should be cautious about environmental impact investment: JICA

Inflows from emerging countries might fail to meet environmental protection requirements.

Vietnamese vegetable oil market attracts buyers

With value of VND30 trillion, stable growth and low average consumption per capita, the Vietnamese vegetable oil market is attracting many foreign enterprises.

VIETNAM BUSINESS NEWS HEADLINES OCTOBER 23

Vietnam legislation: ready for integration?

 

Financing for BOT projects in Vietnam on ice

Vietnam has closed its doors to international investors joining the Eastern Cluster of the North-South Expressway initiative, catering to domestic groups only. 

VN among global top 20 growth drivers but unlikely to maintain pace

Vietnam is among the top 20 contributors to global economic growth, according to a Bloomberg analysis of International Monetary Fund (IMF) data.

Swift digital revolution drives Vietnam’s economic growth

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.

VND remains stable amid other currency fluctuations

Institutions, foreign and domestic, have confidence in the stability of the dong, despite the depreciation of many local currencies in ASEAN.

Vietnam enjoys growing trade surplus of over US$6.8 billion

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.

Supply-demand imbalance, origin fraud puts pressure on steel manufacturing in Vietnam

The biggest difficulties facing Vietnam’s steel industry are trade remedies applied by importing countries and supply of materials.

Strong growth, but rising bottleneck risks forecast for Vietnam

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.

Postive changes made to resolve Vietnamese banks' bad debt

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.

 

Investors should take a look at divestment in Vietnam's water sector

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-exports to top $500b

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.

VIETNAM BUSINESS NEWS HEADLINES OCTOBER 22

Firms cautioned when exporting pepper to Myanmar