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Update news vietnam economy
Leading logistics providers are looking to technological investment and e-logistics as Vietnam's limits in infrastructure and connectivity continue.
Vietnam is one of the most attractive destinations for the industrial sector in Southeast Asia and JLL expects that the trend will continue in the second half of 2019 and interest from foreign investors in Vietnam will remain strong.
While food delivery apps have brought many benefits to food shop owners, the introduction of an integrated service model by sector giant GrabFood has already revolutionised the way the service is offered.
The US Department of Commerce on August 21 has just announced the results of the 13th period of review (POR13) for 31 Vietnamese enterprises to export shrimp into this strict market with the tax rate of 0 percent.
The Ministry of Industry and Trade will propose to build a credit package of VND100 trillion (US$4.4 billion) for developing the support industry for industrial sectors, especially automobile production.
The VN-Index is forecast to face correction pressure when approaching the 1000-point milestone this week as market sentiment is responsive to global market fluctuations, analysts said.
Increasing meat imports are adding to the pressure on the country’s livestock industry brought by free trade agreements and the African swine flu epidemic, experts said.
In many cities and provinces, local authorities are moving ahead with plans to develop night entertainment services, such as walking streets and night markets to attract travelers and develop local economies.
In the next 10 years Vietnam will place greater emphasis on selecting investments which employ modern and environmentally friendly technologies, according to Decision 50-NQ/TW, the first decision on FDI issued by the Politburo last week.
A trade representative has called for the construction of more deep-water ports in the Mekong River Delta to save money and time for seafood exporters.
Vietnam has all legal conditions to open non-stop air routes to the US. However, air carriers are still reluctant to fly non-stop to the US for fear for losses.
M&A in banking sector is forecast to be exciting in the near future as many banks are accelerating to restructure and raise capital to meet Basel II standards’ deadline by 2020 set by the central bank, experts said.
Thai businesses intensify trade promotional activities in Vietnam
Ongoing trade tensions between the US and China have caused an array of adverse impacts on global gold, securities, and currency transactions, with the Vietnamese market not an exception.
Pepper prices have been rapidly falling due to the global oversupply, causing Vietnamese growers to face massive losses.
The US-listed asset management fund VanEck Vectors Vietnam ETF (VNM ETF) may purchase shares of the new generation carrier Vietjet in its upcoming quarterly portfolio reshape.
The Vietnam Electricity (EVN) collected over 219 billion VND (over 9.6 million USD) from an auction of its shares at EVN Finance, as it is trying to divest from the company, according to the Hanoi Stock Exchange (HNX).
Vietnam is following a skeptical interest rate policy, with few and minor adjustments.
HCM City People's Committee have reported to the Government Office and Government Inspectorate that they had discovered 172 violators in construction projects in the first six months of the year.