vietnam economy

Update news vietnam economy

Vietnam buying more materials from the US amid US-China trade war

The US-China trade war is giving opportunities to Vietnam to diversify material supply sources, increase imports from the US to reduce the trade surplus with the country, and reduce the trade deficit with China.

Amazon, Alibaba speed up their race in Vietnam

Giants Amazon and Alibaba both have ambitious plans for the Vietnamese market.

M&As retain promise in Vietnam

Local and foreign insiders are optimistic about the outlook for M&As in Vietnam over the next couple of years.

Vietnam’s banks urged to maintain CASA ratio to control funding costs

While the expansion of asset yields becomes more limited as the transition towards retail lending slows down and competition intensifies, the control of funding costs serves as a driver of interest income growth.

Vietnam’s seafood falls in grades because of IUU yellow card

The EU, which was once the second biggest seafood export market for Vietnam, consuming 18 percent of Vietnam’s seafood exports, fell to fifth, with 13 percent, after the EU gave Vietnam the yellow card.

Electronic know your customer/client holds key to digital banking

The banking sector is waiting for the State Bank of Viet Nam to allow the use of electronic know your customer/client (e-KYC).

Vietnam to top Asia auto sales amid fall of biggest markets

The rising vehicle imports are posing huge competitive pressure on domestically-produced vehicles.

Different scenarios for VN-Index in Q4

Brokerages proposed different scenarios for the movement of VN-Index from now until the end of the year depending on the world's economic growth prospects.

 

Vietnam food looks to make it big in Thailand

45 Vietnamese businesspeople travelled to Bangkok to bring their products to a food-focused event, hoping to fill up the shelves of Thai...

Thai policy on rice subsidy is double-edged sword for Vietnam

The government of Thailand has approved a budget of 21.5 billion baht to ensure a rice price at a reasonable level for Thai farmers. The policy is expected to have a negative impact on other export countries, including Vietnam.

Vietnam a regional pacesetter in internet economy

Fifty per cent of Vietnamese researched online prior to purchasing Financial Services offline, according to the latest report from Google, Temasek, and Bain & Company.

Why Vietnam ranks eighth among top 20 countries to invest in

Vietnam was ranked eighth among the top 20 best countries to invest in by US News & World Report, surpassing neighbours like Malaysia, Indonesia, and Singapore.

BUSINESS NEWS OCTOBER 7

Car imports skyrocket in first 9 months

Number of card payment transactions in Vietnam to reach 522 million by 2023

Over the last five years, the number of such transactions has increased five-fold from 56 million transactions in 2015 to 271 million by 2019 at a compound annual growth rate (CAGR) of 48.3%.

Reasons behind the plunge

After many consecutive years of growth at an impressive rate, Vietnam’s fruit and vegetable export almost immediately took a nosedive after the U.S.-China trade war broke out in the middle of last year. 

Vietnam’s economy less dependent upon minerals, credit: ministry

Vietnam’s economic growth, which is now less reliant on mineral mining and the growth of credit, is gradually shifting to science, technology and innovation, the Ministry of Planning and Investment said in a report.

Int'l bidding cancelled, Vietnamese investors see opportunities in expressway project

Domestic investors now have more opportunities to implement the eight component projects of the north-south expressway as the Ministry of Transport (MOT) has canceled open international bidding.

Vietnam coffee exports down in 9 months

Vietnam’s coffee exports in the first nine months of this year fell by 13.3 per cent in volume to 1.25 million tonnes and 21.9 per cent in value to US$2.15 billion compared with the same period of last year.

 

BUSINESS NEWS OCTOBER 6

Digital economy to constitute one-third of Vietnam's GDP in 2030

Vietnam gears toward sustainable tourism development

Nguyen Trung Khanh, director general of the Vietnam Tourism Administration, talks to Vietnam Economic Times newspaper about his agency’s efforts to improve the tourism sector’s competitive advantages.