vietnam economy

Update news vietnam economy

Vietnam to spend $4.3 billion to develop automobile industry

Experts think the plan to spend $4.3 billion to develop the automobile industry will be in vain.

Vietnam’s veggies and fruits can no longer cross the border to enter China

Vietnam’s vegetables and fruits are finding it difficult to enter China, but the country continues to import Chinese products in large quantities.

VN cosmetics market attracts new investors

Modern Vietnamese who have high income are increasingly shopping online for cosmetics brands.

BUSINESS NEWS 1/9

Vietbuild Hanoi 2019 to open next week

 

Demand for 'safe' food is high, but it’s not easy to sell

A loudspeaker and audio device shop has arisen on Luong Dinh Cua intersection, taking the place of a food shop which shut down just several months after opening.

Vietnam attracts $22.63 billion of FDI in eight months

Vietnam recorded $22.63 billion of foreign direct investment (FDI) registered in the first eight months of 2019, equivalent to 92.9 percent of the figure in the same period last year, according to the Foreign Investment Agency.

 

VN central bank warns credit institutions over rate hikes

The State Bank of Vietnam (SBV) said it will closely monitor interest rates offered by credit institutions and take measures to strictly handle violations of the law, including cutting credit growth targets.

 

Traditional taxi firms demand equal treatment with ride-hailing apps

Traditional taxi companies have demanded that app-based taxis with less than nine seats should be treated the same as them to “ensure fairness, transparency and the same responsibilities towards customers.”

 

Ministry of Industry to propose credit package to help car companies drive forward

The Ministry of Industry and Trade will propose to build a credit package of 100 trillion VND (4.4 billion USD) for developing the support industry for industrial sectors, especially automobile production.

 

The face of delivery market determined by app race

Analysts believe that delivery services offering the shortest delivery time thanks to technology applications will win the market.

BUSINESS NEWS 31/8

EVFTA to boost intellectual property in Vietnam

 

Aviation, tourism to spur central Vietnam's economic development

Experts all agree that the development of the aviation industry with more airports and air routes put has helped change the central region.

Will the North-South expressway attract investors?

Vietnamese investors registering to attend the bid for eight component projects of the north-south expressway have complained that they have found it difficult to compete with foreign investors to win the bids.

Warning of electricity shortage, Vietnam seeks energy savings

The demand for electricity merchandise will be high in the upcoming years: 235 billion kwh, 352 billion kwh and 506 billion kwh by 2020, 2025 and 2030, respectively.

BUSINESS NEWS 30/8

Over $73.2 mln to develop hi-tech agriculture projects in Binh Phuoc

Amazon will not be in Vietnam in next few years: analysts

There are still many obstacles in the Vietnamese market in particular and Southeast Asia in general. That is why the world’s biggest retailer isn't directly selling goods without intermediaries in the region, analysts say.

Quality management and traceability to increase fruit exports

Vietnam’s fruit export value in 2018 reached nearly US$4 billion, with fruits sent to big markets like the US, Europe and Japan.

Economists warn of risks for Vietnam in the context of ROK-Japan tensions

Vietnam’s production and export activities, and its trade balance, may be affected by the tensions between South Korea and Japan, according to Rong Viet Securities.

Grab to invest $500 mln in Vietnam in next five years

Grab Holdings Inc. announced on August 28 that it will invest $500 million in Vietnam in the next five years to expand its services in the country.

 

Vietnam to promote exports of organic fertilisers

The Ministry of Agriculture and Rural Development has set targets to increase the use of organic fertilisers by the end of next year.