vietnam economy

Update news vietnam economy

Hanoi records best quarterly performance in condominium market

A recent CBRE report revealed Hanoi recording one of the best quarters in the last three years, while HCMC’s market saw the worst during the period.

 

Greater efforts urged to remove bottlenecks in Vietnam’s FDI attraction

Nobufumi Miura, chairman of the Japan Business Association in Vietnam, claimed that cumbersome administrative procedures have hindered enterprises from increasing their investment.

 

Vietnam named among fastest growing economies in 2020s: Standard Chartered

The 2020s are set to be the Asian decade, including Vietnam, with sustained growth rates of around 7%, according to Bloomberg.

 

Japan among top 10 importers of Vietnam’s tra fish for first time

Vietnamese tra fish, a major foreign currency earner, has gradually won the trust of Japanese consumers as seen in the market’s emergence as one of the 10 biggest tra fish importers of Vietnam.

 

VN cosmetics market’s shining potential

The Vietnamese cosmetics market has grown strongly in recent years given the rapid economic growth and large young population, the Viet Nam Association of Essential Oils, Aromatherapy and Cosmetics has said.

 

Vietnam aquaculture has room to improve: Agriculture Ministry

Vietnam’s seaculture area is set to reach 270,000ha with expected marine production of 750,000 tonnes by 2020.

 

Sharp pork price fall hit pork traders in Vietnam

Pork traders in many traditional markets in the southern region of Vietnam have been severely affected by the remarkable decline in pork prices amid on-going African swine fever.

Vietnam needs to adjust mechanical engineering development strategy

Vietnam needs to adjust its development strategy for the mechanical engineering industry to ensure it develops sustainably.

 

Maritime transport key to Vietnam’s sea strategy: experts

Vietnam has paid due attention to the development of maritime transport, which is seen as a spearheaded sector in the country’s sea development strategy.

 

White Book on Vietnamese businesses 2019 to come late May: GSO

The first edition of the White Book on Vietnamese businesses compiled by the General Statistics Office (GSO) is expected to be released later this month, according to the GSO.

 

Petrolimex plans LNG project in Khanh Hoa province

The Vietnam National Petroleum Group (Petrolimex) is planning to invest in a liquefied natural gas (LNG) project in the south central province of Khanh Hoa.

 

Vietnam's fruit, vegetable exports bounce back in April

Fruit and vegetable exports in April reached 462 million USD, bringing their total export turnover in the first four months of 2019 to 1.4 billion USD, a year-on-year rise of 7.2 percent.

 

Vietnam airlines’ expansion plans hindered by aviation authority’s limited governance capability

Vietnamese airlines are facing difficulties to carry out their plans to acquire new airplanes due to the limited governance capability of the Civil Aviation Authority of Vietnam (CAAV), Zing reported.

BUSINESS NEWS 15/5

Smarter tax policies needed for the development of Vietnamese tech companies

Vietnam's tea industry needs to focus on quality

Vietnam’s tea industry needs to focus on enhancing quality, diversifying product offerings and building brands to develop in a sustainable way, according to the Ministry of Agriculture and Rural Development.

 

Harnessing fresh capital influx into Asia’s new tiger

Vietnam’s surge towards becoming Asia’s fastest-growing economy is helping the country attract even more capital from overseas sources.

 

New regulations on use of foreign currencies in Vietnam

A circular amending and supplementing several provisions of Circular 32/2013/TT-NHNN guiding the implementation of regulations on restricting the use of foreign currencies in the territory of Vietnam became effective on May 13.

 

Local steel sector saw gloomy prospect in first quarter

The US-China trade war and fluctuation in material prices have set a burden on Vietnamese steel companies, reducing profits and even causing losses in 2019’s first quarter.

 

Vietnamese banks see improved capital adequacy ratios

The capital adequacy ratio (CAR) of Viet Nam's credit institutions has improved thanks to their increased equity.

 

Hanoi Stock Exchange delists companies

The Hanoi Stock Exchange (HNX) has issued a decision to cancel the listing of a number of companies in May and June.