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Update news vietnam economy
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.
Vietnam has huge energy needs while the US, with is abundance, is seeking to boost energy diplomacy in the Indo-Pacific region.
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.
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’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 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.
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".
Toyota says sales in South Korea have been hit by simmering tensions between Seoul and Tokyo.
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.
Coca-Cola's announcement that it will enter the dairy sector will increase pressure on Vietnamese producers.
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.
Fading external demand and a weaker global outlook serve as the primary concerns for Vietnam’s export-reliant economy.
Lack of disclosed information, listing plans and risks of non-performing loans are dragging OTC-traded bank stocks down.
Emerging channels contribute two thirds of total incremental spending come from these channels.
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...
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...
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.
Existing factors in the market, especially strong FDI inflow, all are supporting the prosperity of the industrial real estate market.
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.
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.