vietnam economy

Update news vietnam economy

Legal framework for ‘Made-in-Vietnam’ products to curb trade fraud

Vietnam has recently found cases of foreign enterprises falsely labelling their products as originating in Vietnam to illegally benefit from the free trade agreements (FTAs) the country is a member of and avoid trade defence mechanisms.

US aids its energy companies to boost engagement with Vietnam

Vietnam has huge energy needs while the US, with is abundance, is seeking to boost energy diplomacy in the Indo-Pacific region.

Vietnam steps up fight against dollarization

The stability of the VND has contributed to decreasing demand for the dollar as people prefer the national currency due to the large spread between interest rates on VND and the dollar.

Foreign cosmetics brands flock to Vietnam

With revenue of $2.35 billion in 2018 and an annual growth rate of 25-30 percent per annum, the Vietnamese market is highly attractive to foreign brands.

Vietnam emerged as most digital of all ASEAN economies: Google & Temasek

Vietnam’s internet economy is booming, as it reaches for US$12 billion in 2019 on a 38% annualized growth rate since 2015, and projected to increase to US$43 billion by 2025.

Vietnam’s GDP back on 7% track with manufacturing and services

Vietnam’s growth is exceeding expectations, prompting economists and researchers to revise forecasts for the nation in the near term, while remaining cautious due to fears of a global economic recession.

Vietnam’s GDP too heavily dependent on foreign-invested enterprises: economists

Commenting about the reliance of Vietnam’s economy on FIEs (foreign invested enterprises), one economist noted that “when FIEs sneeze, the Vietnamese economy catches a cold".

Japanese car sales sink in South Korea amid trade rift

Toyota says sales in South Korea have been hit by simmering tensions between Seoul and Tokyo.

Kakao and Grab mull over partnership in Vietnam

If successful, Kakao’s presence in Vietnam would mark its second overseas expansion after it signed a partnership with Japan Taxi last year to enable call taxi services for Korean users.

Vietnamese dairy producers face big problems

Coca-Cola's announcement that it will enter the dairy sector will increase pressure on Vietnamese producers.

Vietnam's industrial real estate attracting investors amid global uncertainty: JLL

Trade tensions between the US and China are driving increased real estate investor interest in Southeast Asian countries, with Vietnam’s industrial sector a key focal point, according to JLL Vietnam.

 

Properly managing relationship with US crucial for Vietnam: Moody’s

Fading external demand and a weaker global outlook serve as the primary concerns for Vietnam’s export-reliant economy.

Vietnam's OTC-traded bank shares too cheap for purchases

Lack of disclosed information, listing plans and risks of non-performing loans are dragging OTC-traded bank stocks down.

FMCG keeps growth momentum in Vietnam’s rural areas

Emerging channels contribute two thirds of total incremental spending come from these channels.

Vietnam's banks get more support to cut interest rates

Commercial banks are expected to lower lending interest rates after getting more support to cut input costs from the State Bank of Viet Nam (SBV)’s...

January-September foreign buying of VN shares reaches over $460 million

Foreign investors net bought a total VND10.8 trillion (US$464.4 million) worth of local shares from January to September with exchange-traded funds...

Rice exports bring $2.24 billion for Vietnam in nine months

Vietnam shipped abroad 586,000 tonnes of rice in September for $251 million, pushing the total rice export volume and value in the first nine months of this year to 5.2 million tonnes and $2.24 billion, respectively.

 

Industrial real estate thrives on FDI increase

Existing factors in the market, especially strong FDI inflow, all are supporting the prosperity of the industrial real estate market.

Kite Air seen losing VND350 billion in first three years of operation

The Civil Aviation Authority of Vietnam (CAAV) has completed its appraisal and evaluation of Thien Minh Aviation JSC’s proposal to set up a new airline, called Kite Air.

 

4 major trends of Vietnam’s distribution and retail channels

With a population of nearly 100 million, the country’s final consumption expenditure has been maintaining at a high rate of over 70% annually, indicating huge potential remains for the market.