vietnam economy

Update news vietnam economy

Vietnam set to be biggest contributor to growth of SE Asia digital spending

The rapid digitalization of communities in Indonesia, Thailand and Vietnam made these countries the top contenders for the region`s digital spending crown.

US remains Vietnam’s largest aquatic export market

Vietnam’s aquatic exports to the US reached US$ 1.08 billion during the first nine months of the year, despite a sharp decline in export value against the same period last year, according to the General Department of Vietnam Customs.

Hanoi heads to the UK looking for investors

Hanoi will organise a five-day promotion conference on trade, investment and tourism in London this week, the municipal People's Committee has announced on its portal.

 

Vietnamese port infrastructure needs solutions to keep pace with growth

The Vietnamese port industry needs further investment to keep pace with the country’s rapid economic growth and reduce logistic costs for businesses.

 

Foreign car-rental firms flock to Vietnam

The economy's stable growth rate and the strong development of the tourism industry are attracting foreign car rental brands to Vietnam.

Vietnamese firms want higher maximum level for overtime work

Seafood companies said because of the seasonality of the industry, organizing extra working shifts is a must to fulfill orders, though they have to pay more for overtime work.

Authentic touch to local spice market

Spice and seasoning brand Mr. Cook’s all-out offensive to enter the northern market, as well as its innovative technology foundations are shaping up to be a powerful challenge for foreign brands like Knorr, Maggi, and Ajinomoto. 

VIETNAM BUSINESS NEWS HEADLINES OCTOBER 21

Vietnam’s wood firms should apply technologies to increase competitiveness

 

Seeking success where Amazon failed

Alibaba’s plans to enter Vietnam are ringing alarm bells across e-commerce, but unless the Chinese giant can come out with something new to surprise competition, it could not set a firm niche in Vietnam just like Amazon. 

A sharing economy for new startups

The rapid development of the IT revolution has helped startups generate a buzz in the social circle, establishing a new era of promoting globalisation in all sectors while building a new economy – the sharing economy.

VIETNAM BUSINESS NEWS HEADLINES OCTOBER 20

Vietnamese supporting industries lag far behind Thailand

 

Central kitchen model heats up in Vietnam

The increasing demand for food delivery applications has helped spread the trend of central kitchens from China, India, Japan and Indonesia to Viet Nam.

 

Vietnam, Asia's new manufacturing hub

Amidst these uncertainties, Việt Nam has emerged as a prime alternative manufacturing location in Asia.

HCM City to improve legal framework as it aims to become international financial centre

A “sound economic and legal environment” that supports an open and efficient market is needed to turn HCM City into an international financial centre, experts said on Oct 18 at a two-day international economic forum.

 

VIETNAM BUSINESS NEWS HEADLINES

Outdated database, policies hinder sharing economy development

 

VN Agriculture Ministry reassures public that pork shortage will not occur

Deputy Minister of Agriculture and Rural Development Ha Cong Tuan affirmed that the ministry will not allow the pork price to increase dramatically as it has in China.

Multi-trillion VND flow re-divides aviation market

Investors are queuing up to enter the aviation market with trillions dong worth of capital, which is expected to remap the market.

Limited car output hinders development of Vietnam's support industries

CBU (complete built unit) imports have been flooding the Vietnamese market while domestic factories have cut output, raising concerns among car part manufacturers that they may lose jobs.

Vietnam's aviation authority questions fleet expansion

All Vietnamese airlines want to increase the number of aircraft they use, but the Civil Aviation Authority of Vietnam (CAAV) has not agreed to the fleet expansion plans.

Vietnamese catfish exporters struggle to compete with rivals

The domestic catfish price has fallen to a 2-year low, while Vietnam’s shrimp now has to compete fiercely in prices with rivals, including Thailand and India.