vietnam economy

Update news vietnam economy

BUSINESS NEWS 9/5

CPTPP – a driver of shrimp export to Canada

 

Week of Vietnamese goods in Thailand slated for September

A “Week of Vietnamese Goods in Thailand” will be held in from September 18-22 at Central World, Bangkok’s biggest shopping mall.

 

Vietnam's banking sector earnings growth expected to ease in 2019

Viet Nam’s banking sector earnings growth is likely to moderate this year following a sterling year in 2018 due to expected slowing of loan growth to 13 per cent, experts forecast.

 

EU refuses 17 batches of Vietnamese seafood, almond kernels

The EU has returned or put under surveillance 17 batches of seafood and almond kernels imported from Vietnam as they failed to meet the bloc’s food safety requirements, the Ministry of Industry and Trade stated on its website.

 

Hai Phong a goldmine for industrial property

Home to nearly two million inhabitants, Haiphong is the third-largest city in Vietnam, and rapid urbanisation has underpinned its exceptional growth over the past five years.

Local banks drawn to retail banking

Seeing the potential from a population of 96 million and the 2018 per capita GDP of 2,590 USD, Vietnamese banks are racing to develop retail markets.

 

Tech key to position Vietnam as a manufacturing leader

Vietnamese firms should hasten technological development to position the country as a global manufacturing centre, Swedish experts said at a seminar on Tuesday.

 

Tiki triples annual loss

Tiki seems farther than ever from breaking even and ending its multi-year series of losses after the e-commerce platform has tripled its losses over-year.

Vietnam’s credit growth expands in first months of 2019

The credit growth of Vietnamese banks as of April 17 this year had expanded by 3.23 per cent against the end of 2018, the State Bank of Viet Nam (SBV) reported.

 

First digital-platform CSR launched in HCM City

The first corporate social responsibility programme (CSR) based on a digital platform in Vietnam’s life insurance market, the Aviva Community Fund 2019, has been officially launched in Ho Chi Minh City.

 

HCM City proposes luxury tax on mobile phones and cosmetics

Authorities in HCM City have proposed a special consumption tax on goods including mobile phones and cosmetics.

 

VN government leader requests steps to develop automobile manufacturing

Prime Minister Nguyen Xuan Phuc requested that ministries, sectors and localities adjust their policies to speed the development of the automobile and support industries.

 

Foreign funds to offload GTN shares, paving way for Vinamilk's acquisition

Tael Two Partners Ltd, one of the two major foreign stakeholders of GTNFood Joint Stock Company, has registered to offload its entire holding in the Vietnamese food company.

 

VN agriculture sector needs to build value chains

Building agro-forestry-fishery high value chains is crucial for the sustainable development of the agriculture sector in the context of international integration, experts have said.

 

Vietnam strives for green textile industry

The garment and textile industry was one of the country's key export industries, but also produces high levels of greenhouse gas emissions.

 

E-commerce helps promote Vietnamese brands to int’l markets

Introduced on the global online market Amazon.com, many traditional products of Vietnam have been attracting international consumers, contributing to promoting purchase power and increasing sales.

 

VN stock market sees positive growth in Q1

The stock market’s growth in the first quarter of 2019 was fairly positive with 15 out of the 18 sectors gaining higher scores and a strong flow of money poured into the market through exchange traded funds.

 

Foreign investors interested in North-South Expressway component project

The management board of the North-South Expressway project will issue prequalification documents to bidders of the National Highway 45-Nghi Son section of the project from May 8 to July 8.

Experts speak out over Han River property projects

Experts, scientists and architects agreed that a construction boom along the Han River over past decade had impacted on the river flow, erosion and floods, and could result in environmental tragedy in the future.

 

 

Vietnam to revise contribution rate of major cities to state budget beyond 2020

Following the Prime Minister’s instruction, the current contribution rate has been decreased to 14 – 16%, allowing provinces and cities to increase expenditure for investment and carry out wage reform.