vietnam economy

Update news vietnam economy

Vietnam's social-economic performance in first 9 months of 2019

Industrial production expanded 9.6% in January-September period this year, according to the General Statistics Office.

Vietnam enters home stretch in fight against dollarisation

From October 1 lenders including banks will not be allowed to provide medium- and long-term foreign currency loans to businesses to pay for imports.

Vietnam stocks to beat 1,000 points in Q4

Vietnam’s benchmark VN-Index could breach the 1,000 point mark in the last quarter of the year after the Q3 corporate earnings season and with investors shifting attention towards firms with hopes for full-year earnings growth.

 

Vietnam’s insurance sector catches foreign attention

The Vietnamese insurance market is heating up with many high-value bancassurance deals and mergers and acquisitions (M&A) unveiled recently.

 

Vietnam's GDP in first three quarters climbs to 9-year high

Local gross domestic product (GDP) climbed nearly 7 per cent in the first three quarters of 2019, reaching its highest level for the last nine years.

 

VN Central Bank cuts interest rate in cautious step

Applauding the State Bank of Vietnam’s move to cut the prime interest rate, experts said the 0.25 percentage point cut, however, is relatively modest.

Vietnam considers new strategy on FDI

Southeast Asia including Vietnam have emerged as destinations for investors in the reallocation of investment flow, especially capital flow from China.

BUSINESS NEWS SEPTEMBER 30

Vietnam advised to take advantage of AI chances to bolster growth

 

Vietnamese IPs and Ezs attract $10b FDI in nine months

Industrial zones (IPs) and economic zones (EZs) attracted 397 foreign direct investment (FDI) projects with estimated registered capital of US$10.1 billion in the first nine months of this year.

 

Vietnam’s forex reserves peak at $70 billion

After two big purchases of foreign currencies in the first four months of the year and from July until now, Vietnam’s forex reserves reached the highest level, now at $70 billion.

Putting ODA to work

Vietnam is striving towards boosting the disbursement and use of ODA and concessional loans as both have become issues in recent times.

Changing global business climate strikes Vietnam firms

Changes in the global business environment, along with newly issued regulations and guidance on corporate income tax obligations, have been substantially affecting the operations of many businesses in Vietnam.

 

China no longer largest buyer of Vietnam rice

China’s rice imports from Vietnam plummeted during the first few months of 2019, pushing it off Vietnam’s top rice consumers list.

 

Insurance market heats up with series of great deals

A lot of high-value M&A deals carried out this month and announced for the time coming are making the insurance market more vibrant than ever.

 

Expert calls Vietnam’s shift to renewable energy indispensable

Vietnam should intensify efforts to develop renewable energy in an effort to participate in this indispensable worldwide trend, said Nguy Thi Khanh, director of the Green Innovation and Development Center.

 

Go-Viet CEO Le Diep Kieu Trang quits

Ride-hailing firm Go-Viet has announced a leadership change, with Le Diep Kieu Trang resigning as chief executive officer of the firm from October 11. Trang has worked at Go-Viet for only five months, the local media reported.

 

BUSINESS NEWS SEPTEMBER 29

Spanish firm invests $43m project in Hue

Is Vietnam’s startup ecosystem ready to feed unicorns?

The success of startups depends on the support of the community so they can grow and become unicorns.

Vietnam bond yields down: ADB

Local currency (LCY) government bond yields in Vietnam trended lower between June 1 and August 15, leading the entire yield curve to shift downward, according to the latest issue of the ADB’s Asia Bond Monitor.

 

Vietnam expected to overtake China in leather, footwear exports to U.S. market

Leather and footwear exports will reach over US$22 billion this year, as Vietnam is expected to overtake China as America’s number one supplier in these sectors.