vietnam economy

Update news vietnam economy

Transport Ministry wants to turn ACV into wholly state-owned firm

To acquire 100 percent of shares of the Airports Corporation of Vietnam (ACV), the state will have to buy more than 100 million shares at the price of VND79,000 per share.

Đà Nẵng motel helps young poor parents

A motel in central Da Nang's Le Quang Dinh Street has become a destination for young poor parents and single mothers who need somewhere to live at affordable prices.

Vietnam needs to renew property market to lure more foreign capital

Vietnam needs to renew its real estate market to attract more foreign investors and increase the quality of foreign direct investment (FDI) in the sector, according to experts.

 

State audit could face lawsuits: draft law

State agencies will be allowed to file legal challenges against the State Audit over unsatisfactory audit reports, according to a draft amendment to the Law on State Audit.

Questioning of suspects to be recorded

The questioning of suspects nationwide must be recorded with audio and images from the beginning of next year.

Local hotel industry faces challenge in technology

The domestic hotel industry will face many challenges during development, especially in the application of technology, according to an expert from Savills Vietnam – a foreign property service provider in Vietnam.

 

Vietnam vows to collect tax from cross-border services

The collection of tax from cross-border services, or services provided by foreign firms via internet to users in Vietnam, is included in the amended Tax Management Tax, expected to take effect in early 2020.

Vietnam remains popular destination for foreign investment: AmCham

After more than three years serving as U.S. Consul General in HCMC, Mary Tarnowka has been appointed as executive director of the American Chamber of Commerce in Vietnam HCMC. 

Da Nang to add 4,500 high-end hotel rooms: CBRE

An extra 4,500 four- and five-star hotel rooms will be put into service this year and next in the central coastal city of Danang, according to property service provider CB Richard Ellis Vietnam (CBRE Vietnam).

Chinese imports bearing “Made-in-Vietnam” labels remain rampant

Customs agencies have recently discovered many batches of Chinese products bearing “Made-in-Vietnam” labels.

Automation technology has gained a foothold in Vietnam: expert

PhD Doctor Nguyen Quan, President of the Viet Nam Automation Association, talks to Hà Nội Mới (New Hà Nội) newspaper on the role of automation in Industry 4.0

110 rural industrial products to receive official recognition

A ceremony to honor and grant certificates of recognition for 110 typical rural industrial products is scheduled to take place on September 18 in Hanoi.

State Bank of Vietnam cuts official interest rates

The State Bank of Vietnam (SBV) said the official interest rates will be adjusted down as from September 16.

 

BUSINESS NEWS SEPTEMBER 14

Retail spaces should become co-working offices: JLL

Vietnamese manufacturers not afraid of cheap Chinese products

One of the biggest risks posed by the US-China trade war is the flood of cheap Chinese products into Vietnam.

Vietnam to gain $11b from wood and forest product exports in 2019

Vietnam is likely to reach its export turnover target of US$11 billion from wood and forestry products this year as the main season for business is in the last six months of the year. 

Vietnam gas association urges Government to cut red tape

The Vietnam Gas Association has asked the Government to cut red tape for gas trading.

 

Vietnam's Tra fish companies see stock prices plummet

Vietnam's tra fish (pangasius) industry has seen a plummet in stock prices due to falling tra fish prices and volatile export markets.

 

Devaluing VND will do more harm than good: economists

Chinese FDI is rushing into Vietnam, bringing huge capital. However, Vietnam has been told to be careful about using this capital.

Experts upbeat about Vietnam’s consumption outlook

Vietnam's private consumption growth will remain strong, supported by improvements in the labour market as youth unemployment falls, minimum wages grow and lower inflation levels prevail, experts forecast.