vietnam economy

Update news vietnam economy

Mobile payments reshaping VN banking

Vietnam is experiencing a boom in mobile payments as more and more e-wallet providers have aggressively joined the market.

Vietnam’s startup scene picks up pace

Foreign funds tend to pour a great deal of money into Vietnamese startups with novel ideas.

Vietnamese agriculture strengthened by M&A

With the country’s agricultural sector pursuing greater sustainable development, mergers and acquisitions are helping the sector create positive changes thanks in part to the support of high technology.

Imported pork dirt cheap, domestic livestock industry in danger

The amount of pork imported to Vietnam in the first four months of the year was six times higher than that in the entire year of 2018. The import price is VND5,000-7,000 per kilogram lower than the domestic price.

China's prolonged falling yuan may harm Vietnam's trade

China’s yuan (renminbi) has remained above the sensitive level of seven to the US currency for the last three days, hinting that trade friction between the US and China is entering a dangerous phase.

VN finance industry has difficult time finding personnel in digital era

With increasing digital adoption, the finance industry is having great difficulty finding human resources for new job positions, experts have said.

 

U.S.-China trade war negatively affects Vietnam’s exports: officials

External challenges, such as protectionism and the escalating trade war between the United States and China, have left negative impacts on Vietnam’s exports, according to officials speaking at a meeting in Hanoi on Wednesday.

 

VN Trade Ministry delays anti-dumping probe on steel imports from China

The Ministry of Industry and Trade (MoIT) has extended the time to decide the launch of an anti-dumping investigation on cold-rolled carbon steel coils and sheets imported from China by another 30 days.

 

Cutting edge technologies boosting digital economy transformation in Vietnam

Since its appearance, the digital economy in Vietnam has offered various services to serve people’s needs.

VN banks thrive with satisfactory profits, despite low credit growth

Many commercial banks have reported profits of trillions of dong in the first half of the year.

Scale of FDI project capital falls

The average size of foreign direct investment (FDI) projects in Vietnam has sharply dropped amid a decline in investment flows.

Some foreign retailers leave Vietnam’s $180 billion market - Why?

Some foreign retail groups have left Vietnam recently. Is this because the retail market is no longer attractive?

BUSINESS NEWS 9/8

UPS: Vietnam second-fastest growing online retail sector regionally

 

FTAs force Vietnam to reform business environment: Experts

Vietnam is said to change its regulatory framework to tap potential offered by FTAs.

Vietnam faces bumpy road to be attractive destination for hi-tech investors

With limited resources, this is now time for Vietnam to consider placing importance on high-quality capital in order to elevate its labor qualification, technology and protect the environment.

 

Will Nissan's old distributor bring Chinese cars to Vietnam?

Instead of distributing Nissan products, Tan Chong Motor will assemble, import and distribute Chinese cars in the Vietnamese market.

VN’s logistics firms remain small despite potential

There are 4,000 Vietnamese businesses operating in the logistics field but most of them are small-scale with weak human resource quality, the Ministry of Industry and Trade (MoIT) reported.

 

BUSINESS NEWS 8/8

Seven-month trade surplus tops $1.8 billion

High-speed railway: Vietnam still needs to import technology

A workshop on technological solutions for the North-South high-speed railway took place in Hanoi.

Strong desire for M&A deals in real estate

Foreign investment flows into Vietnam’s property sector through merger and acquisition transactions have been reported to be on a strong momentum, with outstanding deals made in 2018 and the first half of 2019.