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Update news vietnam economy
Over the last two months, Chinese traders have only bought durians stamped with codes of origin traceability.
Real estate was the most attractive sector for foreign direct investment (FDI) in Ho Chi Minh City in the first four months of the year with 164.58 million USD, or 46.8 percent of total FDI.
Vietnam is predicted to join an exclusive list of economies expected to sustain growth rate of around 7% during 2020s, translating into a 4-fold increase in the country’s capital income from US$2,500 in 2018 to US$10,400 by 2030.
Credit growth was at a slower pace during the first quarter of this year, signaling the economy’s falling reliance on credit yet hampering the overall performance of commercial banks.
No new credit from Japan was committed for Vietnam in fiscal year 2018 due to Vietnamese policies on public debt limits and delay in administrative procedures.
Loc Troi Group and Tan Vuong Food Joint Stock Company will export 84,000 tonnes of rice per year to China.
A stronger focus on the quality of the foreign investment inflow is even more urgent when its links with and the spillover effects on domestic industry fall short of expectations.
The preference of cash usage in Vietnam is of the highest in ASEAN, according to Standard Chartered’s latest report.
The State Bank of Vietnam (SBV) does not only control credit growth among commercial banks, but also starts to tighten credit growth of consumer finance companies, according to Viet Dragon Capital Securities (VDSC).
A fifth of all Vietnamese enterprises do not have access to financial loans, according to the Viet Nam Chamber of Commerce and Industry (VCCI).
Minister of Information and Communications Nguyen Manh Hung has stressed that Vietnam strongly supports the development of technologies and business models such as fintech and ride sharing app.
The recent land prices rush in Vietnam is mainly caused by real estate wholesalers, who boast prices and make people believe that prices would continue to rise if they don’t make investment soon enough.
Seafood, textile stocks soar thanks to good business performance
The art of Vietnamese fish sauce recipes and production has existed for a long time. However traditional fish sauce currently accounts for only about 30 percent of the market share, the rest is industrial one.
While foreign coffee shop chains are facing so many hardships that they have to reduce their business scale or bid farewell to the Vietnamese market, more outlets of domestic coffee brands have been opened.
A number of foreign investors including those from South Korea, France and Japan have expressed their interest in the North-South Expressway project, which spans more than 1,000 kilometers in Vietnam.
Industrial real estate becoming backbone of country's manufacturing economy, according to CBRE Vietnam.
The Vietnamese real estate market will likely remain stagnant this year, unlike in 2017 when price increases were rampant in popular spots around the country.
HCMC Chairman Nguyen Thanh Phong has expressed concern about industrial production slowdown in the first four months of 2019 when there was no new production and processing project being established and capital poured into real estate.