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Update news vietnam economy
Experts think the plan to spend $4.3 billion to develop the automobile industry will be in vain.
Vietnam’s vegetables and fruits are finding it difficult to enter China, but the country continues to import Chinese products in large quantities.
Modern Vietnamese who have high income are increasingly shopping online for cosmetics brands.
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 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.
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 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.”
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.
Analysts believe that delivery services offering the shortest delivery time thanks to technology applications will win the market.
Experts all agree that the development of the aviation industry with more airports and air routes put has helped change the central region.
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.
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.
Over $73.2 mln to develop hi-tech agriculture projects in Binh Phuoc
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.
Vietnam’s fruit export value in 2018 reached nearly US$4 billion, with fruits sent to big markets like the US, Europe and Japan.
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 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.
The Ministry of Agriculture and Rural Development has set targets to increase the use of organic fertilisers by the end of next year.