vietnam economy

Update news vietnam economy

BUSINESS NEWS 14/8

Online revenue suddenly plunges at MWG

PIT law out of date, burdening taxpayers

The prices of essential goods and services have been increasing rapidly, while the personal income tax (PIT) has remained unchanged over the six years.

In trade war, FIEs in Vietnam get biggest benefits

In the first half of the year, foreign invested enterprises (FIEs) saw an excess of exports over imports of $15.68 billion, while the domestic economic sector witnessed a trade deficit of $15.7 billion.

Selecting an heir in the family business

International experts and business leaders tell how to successfully transfer leadership to the next generation.

BUSINESS NEWS 13/8

Businesses seek ways to boost food export

VN textile & garment sector waiting for CPTPP benefits

The textile and garment industry has orders to export $18 billion worth of products, but the opportunities brought by CPTPP have not been that great so far.

Prolonged trade war threatens local market

Shares are forecast to suffer this week after negative developments in US-China trade relations.

Bancassurance becomes main service earner for banks

Instead of the modest contribution made previously, the insurance business segment, or bancassurance (banks co-operate with insurers to sell insurance products), has now become the main source of income from service activities for many banks.

Convenience stores expected to be the next big thing in franchising in Vietnam

After food and beverage and other sectors, it is the turn of convenience stores franchisers to eye the huge Vietnamese market.

Banks keen on green projects

Green credit is a trend in the global banking and finance industry and more Vietnamese banks are following suit.

VN food and beverage sector draws foreign firms’ interest

Vietnam has become an increasingly attractive destination for international enterprises in the food, beverages and packaging industry thanks to its rapid economic growth and rising consumer demand.

Is there space for Vietstar Airlines?

Will the sixth airline be able to make things happen in the market with five other competitors?

Banks cut priority loan interest rates

Soon after the US announced a 0.25 % cut in the benchmark interest rate on July 31 seven Vietnamese banks, including State-owned lenders, announced a cut in interest rates on dong loans of at least 0.5 % to firms in the Government’s priority sectors.

BUSINESS NEWS 12/8

Agricultural export value up 2% in first seven months of 2019

China yuan depreciation puts VND under pressure: experts

A currency war could break out among a number of countries, Nguyen Tri Hieu, a finance expert told the press recently.

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.

Exhibition celebrates 74th National Day

A new exhibition of 109 paintings and sculptures by veteran and young artists of the south has open at the HCM City Museum of Fine Arts to celebrate the 74th anniversary of National Day, September 2.    

BUSINESS NEWS 11/8

Concerns arise as Chinese P2P companies flee to Vietnam

 

Legal stability required for condotel investment

In recent years, the concept of the condotel has dominated the real estate market in Vietnam, and generated a wave of interest in this type of real estate investment.

Digital the only way forward

It's clear that digitalization is a prerequisite for local banks to survive and develop in the new era.