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Update news vietnam economy
Industrial production expanded 9.6% in January-September period this year, according to the General Statistics Office.
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’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.
The Vietnamese insurance market is heating up with many high-value bancassurance deals and mergers and acquisitions (M&A) unveiled recently.
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.
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.
Southeast Asia including Vietnam have emerged as destinations for investors in the reallocation of investment flow, especially capital flow from China.
Vietnam advised to take advantage of AI chances to bolster growth
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.
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.
Vietnam is striving towards boosting the disbursement and use of ODA and concessional loans as both have become issues in recent times.
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’s rice imports from Vietnam plummeted during the first few months of 2019, pushing it off Vietnam’s top rice consumers list.
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.
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.
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.
The success of startups depends on the support of the community so they can grow and become unicorns.
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.
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.