vietnam economy

Update news vietnam economy

Expert warns of impact of Vietnam’s slowing industrial activities on GDP growth

Vietnam's headline PMI from Markit’s survey and month-on-month IPI indicated slowing industrial activities in September, potentially causing negative impacts on GDP growth in the remaining months of the year.

 

VN runs US$ 7.15 billion trade surplus in nine months

In the second half of September (from September 16 to September 30), Viet Nam’s export turnover hit US$ 24.07 billion, up 16.2% against the first half of September. 

Vietnam ranks fifth globally in instant noodle consumption

A Vietnamese consumes nearly 55 instant noodle packets per year, higher than the world’s leading nations in instant noodle consumption, including China with an average of 31 packets for person, Indonesia with 46.4 and Japan with 45.8.

Investors for Vietnam's North-South expressway to be named next year

Investors for eight components of the North-South expressway project will be named in August next year at the earliest, according to a report sent by the Government to the National Assembly.

China's low demand causes rice price to fall to 12-year low

The Ministry of Agriculture and Rural Development has attributed the lowest rice price in 12 years to low demand from China, as many Vietnamese exporters continue to fail to meet this market’s requirements.

In Vietnam, many businesses close after several years of development

Businesses complain they find it difficult to access loans, while banks say many businesses don’t have feasible business plans and cannot use capital effectively.

South Korean portfolio investment pours into Vietnam

South Korean invested securities companies are putting pressure on Vietnamese companies, competing in terms of service quality, number of branches and the possibility of providing loans for margin trading.

$47.8-million beer plant illegally built in Ha Tinh

An illegally-built VND1.1 trillion ($47.8 million) beer plant has been found in the central province of Ha Tinh.

VIETNAM BUSINESS NEWS OCTOBER 15

RoK airline to launch route to Nha Trang in December

Will FDI adversely affect Vietnamese businesses?

Since the enactment of the Law on Foreign Investment in December 1987, one of the first achievements of ‘Doi Moi’, Vietnam has attracted FDI to its economy for over 30 years. 

 

Soldiers protect southern border from drugs

Drug trafficking around Vietnam's borders has become more complicated as the country has become a transit hub for traffickers.

HCM City assesses new logistics development plan

Nguyen Ngoc Hoa, deputy director of the HCM City Department of Industry and Trade, talks with Sài Gòn Giải Phóng (Liberated Sài Gòn) newspaper about HCM City’s development plan for the logistics industry to 2025 with a vision to 2030,

Condotels in Vietnam look to legal framework for revival

Positive signs have been seen in Vietnam’s condotel arena after more than two years of downturn as consumption in the third quarter of this year was reported at 86 per cent compared to less than 40 per cent in the same period of 2018.

Basel II deadline rapidly approaching, are banks on course to meet norms?

In 2016 the State Bank set a deadline of January 1, 2020, for 17 banks to meet Basel II norms under a national banking sector development strategy.

Hoang Anh Gia Lai gives up real estate dream

The fourth dollar billionaire of Vietnam, Tran Ba Duong, will become the developer of a huge real estate project in Myanmar instead of Doan Nguyen Duc, chair of Hoang Anh Gia Lai Group, who is now focusing on agricultural production.

Garment companies struggle to escape Cut-Make-Trim production

It is becoming more difficult for textile and garment companies to recruit workers as
labor costs keep increasing and workers quit to move to higher paying jobs. The only solution is changing the production method.

Clearing the path for foreign investors in Vietnam

New foreign investment regulations will have a positive impact on foreign investors in Vietnam for the foreseeable future.

Vietnam Customs Agency vows to combat origin fraud

The Prime Minister has given instructions to fight against origin fraud and illegal transshipment to protect brands and the prestige of Vietnamese goods.

Foreign capital flows to Vietnamese banks

Large banks as well as smaller ones are seeking foreign investors in today's competitive market.

VIETNAM BUSINESS NEWS OCTOBER 14

Rice export volume up but value falls