- © Copyright of Vietnamnet Global.
- Tel: 024 3772 7988 Fax: (024) 37722734
- Email: evnn@vietnamnet.vn
Update news vietnam economy
Phu My Hung Development Corporation has mobilised VND800 billion ($34.78 million) for real estate projects from a "secret" foreign investor through bond sales.
The boom in digital technologies in recent years has sped up the evolution of retail and changed buying habits – providing a new driver of growth for fast-moving consumer goods (FMCG).
The slow disbursement of capital has stalled many projects, affecting socio-economic development.
The best companies in the US, Europe and Japan are not picking Vietnam but Malaysia, Indonesia and Thailand, where developed supporting industries and highly-qualified human resources are already in place.
By buying rivals and expanding networks, Vietnamese retailers are dominating the domestic retail market.
As the world goes digital at a mind-boggling pace, more and more everyday habits are being performed hand-held, all at the touch of a button through smart phones.
The application of advanced technology in preservation and processing is the most important factor in Vietnam’s rice value chain, said Nguyen Hong Son, Director of the Viet Nam Academy of Agricultural Sciences.
The authorities of the central province of Binh Thuan on Sunday granted in-principle licences to 11 investment projects with total capital of VND23 trillion (US$990 million).
Vietnam, the second biggest coffee exporter in the world, is experiencing tough days as the export volume has fallen and export prices are among the lowest in the world.
The application of robots in manufacturing industries is nothing new to the factory floor.
Korean group supports smart city development in Hung Yen
Vietnam will catch up with Thailand in the number of domestic air carriers, just second to Indonesia, when all air carriers that have applied for a license begin operation.
Great pressure is being placed upon the airlines industry’s manpower as a consequence of ambitious schemes to expand aviation fleets and open more runways to cater to new airlines.
Vietnam is striving to improve its stock market’s status and implementing measures to attract portfolio investment, and allowing FDI firms to list would help the country achieve this goal.
The Ministry of Industry and Trade is expected to submit to the Government an automobile industry development plan with solutions to supporting auto manufacturing projects in Vietnam.
According to PricewaterhouseCoopers, fintech startups have attracted $40 billion worth of investment over the last four years. Asia Pacific alone received $15 billion worth of investment in fintechs in 2018.
E-commerce in Viet Nam is growing, however many individuals and businesses are taking advantage of online platforms to sell poor quality and fake goods, harming customers and causing lost tax revenues.
Sharp Electronics Vietnam has complained that Asanzo Vietnam had given fake evidence about its co-operation with Sharp Roxy Hong Kong.
The Vietnamese air freight market has seen remarkable growth in recent years and the momentum is expected to continue, according to the 4th International Conference and Exhibition on Air Freight Logistics Vietnam.