vietnam economy

Update news vietnam economy

BUSINESS NEWS OCTOBER 3

CBU automobile imports surge in Jan-Aug

 

On-ground airport services: new battlefield

The companies that provide on-ground services at airports are making big profits and do not want air carriers to take them over.

Hong Kong becomes largest investor of Vietnam in nine months

Hong Kong (China) topped 109 countries and territories investing in Vietnam in the first nine months of this year with total capital of $5.89 billion, reported the General Statistics Office (GSO).

 

ADB signs $37 million loan agreement for Southeast Asia's largest floating solar plant in Vietnam

Da Mi has $37 million for a floating solar project it wants to build at its hydropower plant in Binh Thuan province.

High-end wooden furniture segment promises great opportunities

Stable economic growth and the strong rise of the middle class in the country are helping to attract many world-famous brands.

JPMorgan says forget Brexit and a German recession, it's time to buy European stocks

Despite a looming Brexit, political uncertainty in Italy and a likely German recession, this is the moment to buy European stocks, according to JPMorgan (JPM).

Vietnam, top 5 in pig husbandry, imports pork in large quantity

The amount of pork Vietnam imported in the first seven months of the year increased by 3.4 times in quantity, while the value rose by 4.3 times compared with the same period last year.

Ford is handing control of its India business to Mahindra

Ford is beating a partial retreat from India's large but struggling car market.

 

Retail sales rise on strong consumer demand

Total revenue from retail trade and services in the first nine months of this year reached VND3.6 quadrillion (US$156.5 billion), 11.6 per cent over the same period last year.

Vietnam Airlines, Vietjet fear they may lose market share to newcomers

Both Vietnam Airlines and Vietjet have had to change their policy on air tickets for the 2020 Tet season because of the presence of Bamboo Airways, a ‘rookie’ in the aviation market.

Int’l economists optimistic of Vietnam’s GDP growth

Economists are upgrading their growth projections for Vietnam after the latest data showed the economy surged more than 7 percent in the third quarter, according to Bloomberg.

 

BUSINESS NEWS OCTOBER 2

World Bank project to strengthen banking sector’s soundness

 

Sharp Vietnam denounces Asanzo to investigative police

Sharp Electronics Vietnam has sent a letter of denunciation to investigators of the Ministry of Public Security, denouncing local electronics firm Asanzo for using falsified documents to prove its business ties with a Sharp subsidiary.

 

China's economic slowdown: How bad is it?

China's economy has been slowing for the better part of the past decade, but a recent run of poor data has prompted fresh concerns. What is making investors nervous, and how China has responded?

 

VW rejects judge's plea to settle German diesel case

VW has rejected a judge's plea to settle a mass lawsuit in Germany over the diesel emissions scandal.

 

Billionaires pour money into Binh Thuan real estate

After many years of being neglected, resort real estate in Binh Thuan province has been awakened by projects worth billions of dollars.

Foreign investors keen on Vietnam’s fintech market: Banker

Many foreign investors are interested in investing in Vietnam’s fintech market that have huge growth potential, said Han Ngoc Vu, general director of VIB International Commercial Bank, at Fintech Summit 2019 held in Hanoi recently.

 

E-commerce logistics war looms in Vietnam

E-commerce firms not only are spending big money to run marketing campaigns to lure more customers, but are also expanding their warehouse networks and logistics services.

Japan delivers long-delayed consumption tax hike

Japan has increased its consumption tax for the first time in five years, bringing the long-delayed policy into effect despite concerns it may knock the economy.

 

Vietnam’s IT industry catches foreign investors’ attention

From growing e-commerce, online gaming, travel booking, and offline-to-online platforms such as ride-hailing and food delivery, Vietnam’s digital economy continues to thrive.