vietnam economy

Update news vietnam economy

Vietnamese banks ranked among 500 strongest in region

The Asian Banker continues to honour the 500 strongest banks in the Asia-Pacific in 2019 with some familiar names from Vietnam.

BFC, LIX, HVT code of Vinachem blocked due to lawsuit

The semi-annual consolidated financial statement of Vinachem showed a steep drop in profit, partially due to its accounts and assets being frozen by the court.

Vietnamese Gov’t must adapt to sharing economy models

Vietnam must identify, implement and build management models for sharing economy applications in the country’s major sectors such as banking and transport to ensure a fair business playground and protect all involved parties.

Moody's decision to place VN’s Ba3 rating under review for downgrade is improper: Vietnamese Finance Ministry

Vietnam's long-term foreign currency (FC) bond ceiling at Ba1, its long-term FC deposit ceiling at B1, and its local currency bond and deposit ceilings at Baa3 are unchanged.

 

Vietnam’s economic outlook positive in medium term: WB

The medium-term outlook for the Vietnamese economy is broadly positive despite persistent downside risks, the World Bank (WB) said in its East Asia and Pacific Economic Update released on October 10.

Wifi service now available on Vietnam Airlines flights

Vietnam Airlines has officially launched in-flight wifi service on some of its flights using Airbus A350 aircraft from October 1.

BUSINESS NEWS OCTOBER 11

Vietnam’s mid-cap stocks become more attractive to investors: Dragon Capital

 

In Vietnam, technology firms struggle to hunt for talents

Startups, R&D projects, fintechs and e-hailing firms are all on the hunt for workers.

China-US relations: From trade disputes to comprehensive confrontation

In the opinion of the American elite, this is probably the last time the US can "bully" China and the US needs to take action before it is too late.

 

Vietnam to hit 2019 growth target early

Vietnam is on track to reach its 6.6-6.8 percent growth target this year. However, the country needs to remain cautious about external risks.

VN beer makers enjoy higher consumption

Alcohol and beer consumption is booming, and local beverage producers are cashing in.

 

Two decades later, HCM City still dreams of becoming global financial center

The HCMC government is collaborating with consultants to formulate a scheme to turn the city into a regional and international financial hub. More than 20 years ago, a similar project was set up but failed to materialize.

Vietcombank given greenlight to open branch in Australia

Vietcombank is heading to Australia and could open for business in Sydney within the next 12 months.

 

Firms ask Hanoi to further cut procedures

Enterprises with key industrial products asked Ha Noi to further cut the administration procedures and set up an official legal consultancy when they met local Department of Industry and Trade on Wednesday.

 

Vietnam plastics industry confident of achieving export target of $3.2b

With solid growth in shipments, the plastics industry will surely meet its full-year export target of US$3.2 billion, according to the Vietnam Plastics Association.

 

Vietnam wooden furniture manufacturers worried, despite more orders

Vietnamese wooden furniture manufacturers face a shortage of workers, modern technology and money to upgrade technology.

HCM City receives $3.8 billion in remittances

Remittance flows into Ho Chi Minh City in the first nine months of the year were estimated at around $3.8 billion, a year-on-year increase of 7 percent.

HCM City YouTuber forced to pay VND1.5b in income tax

The HCMC Tax Department has ordered a YouTuber who earned VND19 billion in personal income from 2016 to 2018 via videos uploaded on YouTube to pay VND1.5 billion in back taxes, the local media reported.

Chinese demand drives up Vietnam's pig prices

The strong demand in China for pigs, due to its year-long struggle against African swine fever, has caused local pig prices to surge over the past week. However, the local market is also facing a pig undersupply.

Vietnam stands out as ASEAN trade growth success story: StanChart

Trade readiness improvements and economic dynamism are driving Vietnam’s trade growth potential.