vietnam economy

Update news vietnam economy

Competition in Vietnam's airline industry set to intensify

Increasing numbers of airlines and aircraft are putting serious pressure on Viet Nam’s aviation infrastructure.

State may have to pay debts of Vietnam Development Bank

Acting on behalf of the government in disbursing capital for the nation’s important projects, the Vietnam Development Bank (VDB) has been found committing serious violations.

HoSE, HNX will have separate roles and missions

The Ho Chi Minh Stock Exchange (HoSE) will solely concentrate on operating the according to the Ministry of Finance.

 

Vietnam needs to target halal markets

Vietnam has missed out on US$23.6 billion in exports to halal markets, according to experts who spoke at a seminar on standards needed for Halal certification on Monday.

 

Imported cars to be more expensive as VN raises luxury tax

The Ministry of Industry and Trade (MOIT) has proposed raising luxury tax on some car models with fewer than nine seats.

BUSINESS NEWS SEPTEMBER 18

Vietnamese firms to attend India-CLMV trade meeting in India

 

Firms shouldn't let circular economy go to waste

Tran Thi Binh, 60, who lives in Ha Noi, has no idea about the circular economy but now brings her canvas bag shopping instead of taking plastic bags from the supermarket.

 

Vietnam’s textile export value up almost 9% in eight months

Vietnam Textile and Apparel Association (Vitas) said the total export value of textiles, fiber, and cloth reached US$25.7 billion in the first 8 months of the year, up 8.6 per cent year on year, including 60.6 per cent from FDI enterprises.

 

Multi-billion VND shipbuilding projects stop operations

Who is to blame for the unprofitable shipbuilding projects which have had to stop operation?

Vietnam is urged to tighten origin rules to avoid investigations

Some Vietnamese exports have been investigated for origin fraud and tax evasion, which requires tougher action from the Vietnamese Government to settle the problem and keep its exports growing.

 

BUSINESS NEWS SEPTEMBER 17

Bamboo Airways raises charter capital to $55.87 million

Personal income tax rates out of date, need amending

The Ministry of Finance (MOF) says that personal income tax (PIT) rates have become out of date after six years of application and need amendment.

Fitch Ratings assigns PetroVietnam at ‘BB’ for first time

Fitch Ratings has assigned the Vietnam Oil and Gas Group's (PetroVietnam) first-time long-term foreign-currency issuer default rating (IDR) at 'BB' with a positive outlook.

 

In Vietnam, business must be the center of all policies

The Ministry of Planning and Investment (MPI) is drawing up a plan to increase Vietnam’s national productivity, which remains at an alarmingly low rate compared with neighboring countries.

Vietnam’s coffee exports plummet in eight months

Although ranking second in the world, Vietnam's coffee exports are plummeting.

 

VN fertiliser stocks nosedive on difficulties

Rising input production costs, unfavourable weather conditions, a saturated domestic market and stiff competition are causing difficulties for fertiliser businesses.

 

VN banks requested to control loans with savings books as collateral

The State Bank of Vietnam (SBV) has asked local commercial banks to tighten control of loans that use savings books as collateral to ensure the safety of the banking system.

 

Co-working spaces boom in Vietnam

Co-working spaces have become the choice of many startups and small and medium sized businesses.

Where will manufacturers go if US-China trade war gets worse?

Will Vietnam be chosen as the destination for investors who plan to move out of China?