vietnam economy

Update news vietnam economy

‘Super-app’ race gets scorching hot

Go-Viet is speeding up, 'Be' has launched more services, and MoMo has expressed its intention to join the race, while Grab has a new strategy.

Deputy PM reviews progress in handling of 12 struggling projects

Deputy Prime Minister Vuong Dinh Hue chaired a meeting on September 6 to review the progress of concerned ministries, agencies and companies in the handling of 12 major struggling industrial projects.

 

Six Vietnamese start-ups win funding from Singaporean venture firm

Six Vietnamese start-up firms have raised at least 50,000 USD each from the Singaporean investor Insignia Ventures at the seed funding round.

 

Many foreign companies move factories to Vietnam: Savills

Many companies are moving their factories from other countries to Vietnam, showing the potential for strong development of industrial real estate, according to Savills Vietnam.

 

Hanoi-Nhon elevated railway to be completed by 2022

The Hanoi station-Nhon elevated railway project will be completed by 2022 after trains are brought to Vietnam in July 2020.

Vietnam startups gain on Indonesia, Singapore: Japanese newspaper

Vietnam's start-up sector is closing the gap with regional leaders Indonesia and Singapore with new investment, according to a Nikkei Asian Review article.

 

Ho Chi Minh Stock Exchange develops new index for foreign-ownership-limited firms

The Ho Chi Minh Stock Exchange (HoSE) plans to introduce a new index that contains foreign-ownership-capped shares.

 

Total UPCoM firms reach 850 in August

The total number of companies trading on the Unlisted Public Company Market (UPCoM) reached 850 as of August 30, the Hanoi Stock Exchange (HNX) has announced.

 

Vietnam’s farm produce uncompetitive because of packaging problems

To attract customers, manufacturers need to pay more attention to packaging, experts said.

BUSINESS NEWS 7/9

GDP scale raised by 25.4% after reassessment

 

More airlines want to take off, though market growth slows

The Civil Aviation Authority of Vietnam (CAAV) has affirmed that Vinpearl Air and Vietravel can meet the requirements for submission to the PM for approval.

Foreigners make up 90 percent of e-wallet market share

E-wallets are believed to be a very promising business field in Vietnam, but the market is now controlled by foreign firms.

Diverse markets of houses for rent

Tenants in need of renting a house, a flat or a room in HCMC now have more options from diverse types of houses and rents in different market segments.

 

A closer look at Vietnam’s GDP

The growth of gross domestic product (GDP) should not be relied on calculation methods but on real increases in accordance with growth models which best suit economies on a case-by-case basis

 

BUSINESS NEWS 6/9

Plan to boost conservation, sustainable exploitation of aquatic resources

 

Economists suggest using private capital for power transmission lines

Private capital is the best solution for upgrading of power transmission lines, which have traditionally been funded by the state.

VN has potential to become South-east Asian innovation hub

Vietnam has been very successful in the software outsourcing field over the past decade that many countries regard it as an Asian outsourcing hub.

BUSINESS NEWS 5/9

Customs sector intensifies fight against origin-related frauds

HCM City seeks to respond to impacts from global trade conflicts

HCMC is being affected, not only by the escalating trade war between China and the United States, but also by the Japan-South Korea trade dispute.

 

VN banks, securities firms step up bond purchases

A recent study by SSI Securities Corporation found that banks and securities companies acquired a large volume of bonds in the January-August period of this year.