vietnam economy

Update news vietnam economy

Hung Yen province enters longan harvest season

A total of 4,300 hectares in the northern province of Hung Yen is allocated to growing longans, of which 3,000 hectares are now being harvested. 

Untie knots to attract high-quality capital: experts

The world’s leading companies such as HP, Dell, Microsoft and Amazon have recently indicated plans to relocate most of their operations out of China. What should Vietnam do to drive the capital here?

Vietnam emerges as a global pharmaceutical hub

According to experts, the boost in attractiveness of the Vietnamese market comes at a time when the business environment for drugmakers in neighboring countries has not been favorable.

SOE equitisation lists fizzle up M&A

Following a muted 2018 and first half of 2019, experts are pining for a new surge in state divestments and equitisations, buoyed by new regulatory frameworks.

 

In Vietnam, home appliance centers’ golden age is over

Many home appliance shops have had to sell food, medicine, watches, and glasses and join forces with partners to sell more products, because the profit from their core businesses has been insufficient.

Securities regulator unveils corporate governance code

The first ever Viet Nam Corporate Governance Code of Best Practices, a set of recommended practices for Vietnamese public companies, has been issued by the State Securities Commission of Viet Nam.

 

BUSINESS NEWS 15/8

Jan-Jul rice exports exceed 4 million tons

 

Vietnam’s airlines need around $1,300 per passenger to fly to US

Bamboo Airways, the private airline which has just joined the market, plans to provide non-stop flights from late 2020 or early 2021. Meanwhile, older carriers still have not made any statements about the matter.

Investment screening mechanism: Elusive

The flow of foreign direct investment (FDI) is seeking a safe haven as the Sino-American trade war has yet to show a sign of ending.

The shifting face of retail in Vietnam

The 2018 retail landscape in Vietnam was more challenging than ever, and the major market chains were trying to adapt quickly to changes to remain relevant.

Selective investing key for Danang

Consistent with its sustainable development journey, the central city of Danang is committed to promoting and attracting investment on a selective basis while constantly improving its efficiency, avoiding the wooing of funding at all costs.

 

Vietnam’s largest beauty trade event to gather 450 enterprises

The two shows including “Vietbeauty” and “Mekong Beauty Show” will take place together on August 22-24 at the Saigon Exhibition and Convention Centre with the participation of more than 450 enterprises.

 

Highlights of real estate M&As in Vietnam in H1

Quality of assets, rental growth, deal size, and land tenure are decisive for investment choices.

THACO spent over VND1 trillion on buying HAGL Agrico shares

Truong Hai Auto Corporation (THACO) is continuing buying into Hoang Anh Gia Lai Agrico, with chairman Tran Ba Duong more than doubling his ownership in the company.

Vinalines reports the losses of $21.7 million in second quarter

As of the end of the second quarter of 2019, Vinalines reported VND8.1 trillion ($352.17 million) in total outstanding loans, including more than VND5.36 trillion ($233.04 million) in bank loans.

Traditional taxi operators looking to switch to electronic contracts

Traditional taxi operators proposed to liquidate contracts with their taxi drivers in order to switch to the ride-hailing service model using electronic contracts to seize the advantages offered by this model.

Vietnamese sugar industry is suffering from inventory losses

Currently, the country still has about 650,000 tonnes of sugar on inventory, the industry's highest so far, resulting in 17 out of 36 sugar production factories losing money.

Vietnam medical equipment market grows 18-20% in 2016-2020

Demand for better healthcare in Vietnam over the past years has greatly contributed to the growth of medical device market.

 

Post-merger stock exchange headquarters in Ha Noi

The two national stock exchanges will be merged into one single stock exchange and named the Viet Nam Stock Exchange. It will be headquartered in Ha Noi.

 

Experts oppose to private placement of start-ups

The regulation on the private placement shares of a start-up company is sparking opposing public opinions as the regulation can pose potential risks and create overlaps with other laws.