vietnam economy

Update news vietnam economy

Good news for Vietnam's cashew industry

Instead of competing fiercely with each other, cashew companies have now joined hands to boost exports and focus on deep processing to obtain higher added value for their products.

BUSINESS NEWS SEPTEMBER 12

RoK investors hail Long An province’s potential for smart city

 

GIC-led consortium buys $500 million shares in Vingroup’s subsidiary

Singapore’s sovereign wealth fund, GIC announced on Monday that its consortium bought US$500 million stake in one of the subsidiaries of Viet Nam's largest conglomerate Vingroup JSC.

 

BUSINESS NEWS SEPTEMBER 11

Forum on cooperative economy, cooperatives slated for mid-October

 

State loss-making projects can bring problems to arbitration

Deputy Prime Minister Vuong Dinh Hue agrees 12 loss-making State-funded enterprises may bring their conflicts with contractors to arbitrators if those conflicts are not resolved by the end of this year.

 

Authorities to have check-up on Vietnam Electricity’s power production costs

The Ministry of Industry and Trade (MoIT) will be checking electricity production and business costs of Vietnam Electricity (EVN) from last year.

 

Financial mechanisms urged to support start-ups in Vietnam

Prime Minister Nguyen Xuan Phuc has asked for financial mechanisms to be built to attract investment into start-ups and innovation activities from both the country’s inside and outside resources.

 

Time for Vietnam to tap ocean aquaculture potential

Vietnam has huge potential for ocean aquaculture but the lack of a proper development plan, preferential policies and application of high technology has hindered its development.

 

Government to decide on Vietnamese Stock Exchange headquarters

The Government will decide the location of the soon-to-be-established Vietnam Stock Exchange (VNSC) in either Hanoi or HCM City, a National Assembly (NA) deputy chairman said on Monday.

 

Vietnam’s fiscal deficit forecast to be at 6.6% of GDP in 2019

Vietnam’s fiscal deficit, including principal repayments, would come in at 6.6 per cent of GDP in 2019 and 2020, up from 5.9 per cent in 2018, Fitch Solutions Macro Research forecast.

 

Vietnam a magnet for foreign investors amid US-China trade war

Vietnam is now in a position to attract even more investors and promote mutual prosperity with the US, despite the uncertainties caused by the US-China trade conflict, a US official said at a trade forum last week.

 

Vietnam to loosen conditions for auto imports

The Vietnamese Government will soon issue a revision to Decree 116/2017 on the conditions for production, assembly, import and business of automobile warranty and maintenance services.

 

Vietnam Motor Show 2019 to take place in HCM City next month

The Vietnam Motor Show 2019 (VMS 2019), to be held in HCMC from October 23 to 27, will be a get-together of 15 renowned automobile brands and hundreds of others in the automobile support industry.

 

BUSINESS NEWS SEPTEMBER 10

Military Bank plans 43.2 million ESOP shares in Sep-Oct

Vietnam initiates anti-dumping probe against Chinese steel

Vietnamese companies filed complaints against Chinese steel products, accusing them of being sold at prices below the fair market value in Vietnam with dumping margin at 21.3%.

 

Vietnam's central region focuses on maritime transport

Seaports in all provinces and cities of the central region are focusing on cargo transport, but the central region is lacking large and professional production capacity.

BUSINESS NEWS SEPTEMBER 10

Central Highlands’ largest fruit, vegetable processing centre opened 

 

Vietnam’s pork shortage predicted to surge to US$1.3 billion by early next year

The pork shortage is adding pressure to the Vietnamese government’s efforts to keep inflation below 4% this year.

More players from China join watch market

At an international watch exhibition held in HCMC, Chinese companies stated that made-in-China watches, with diverse designs and materials and reasonable prices will find a foothold in the Vietnamese market.

Vietnam's car import value continues skyrocketing

This year's trade deficit for the car industry is expected to reach a record of more than USD3.4 billion and the figure would continue to increase in the following years due to strong domestic demand.