vietnam economy

Update news vietnam economy

CAAV opposes service charge hike at Cam Ranh Airport

The Civil Aviation Authority of Vietnam (CAAV) has proposed the Ministry of Transport reject attempts to raise international passenger service charges at Cam Ranh International Airport.

 

Bamboo Airways plans to have 40 air routes this year

With three new air routes to be put into operation from May 10, Bamboo Airways now offers 20 air routes and expects to increase the number to 40 this year.

 

Foreign airlines seek niche market in Vietnam

Some airlines in Southeast Asia are looking to fly to secondary airports in Vietnam, which are considered a potential niche market in the country.

 

BUSINESS NEWS 7/5

Competition is part of the game as CPTPP comes into play

Leverage knowledge

2018 was another milestone year of growth for Vietnam, with GDP growth reaching a ten-year high of 7.08 per cent, while FDI disbursement hit an all-time high of over $19 billion. Exports also grew 13 per cent.

VN Airlines proposes policy adjustments to retain highly skilled manpower

National flag carrier Vietnam Airlines (VNA) wants to adopt policies to raise the salaries of its pilots and other high-level staff to stop the ongoing brain drain, said Duong Tri Thanh, general director of VNA.

 

Vietnam gov't attempts to fight against usury amid social unrest

Vietnam’s Prime Minister Nguyen Xuan Phuc has signed a directive to fight against usury which has caused serious social unrest over the past years.

 

Recycled Vietnamese bags prove popular in Japan

Bags created from recycled Vietnamese packages of animal feed have become a popular item among young Japanese consumers.

Seeking local support

The foreign-invested sector continues to play a pivotal role in foreign trade but boosting added value remains an issue.

African swine fever holds back foodstuff segment and CPI

The African swine fever was named as one of the factors behind the slow rise of the CPI so far in 2019, despite the government’s flexible monetary policy and an increase in gas and electricity costs.

Half of Vietnam's coal imports come from Indonesia

In 2018, the total amount coal imported by Vietnam was 22.86 million, of which around 50% came from Indonesia with an amount of 11.16 million tons, said Indonesian Ambassador to Vietnam Ibnu Hadi at a business forum last week.

Vietinbank sell Cong Thanh's huge debts to VN Asset Management Company

Local cement company Cong Thanh Group’s trillion-VND debts at Vietinbank will be shifted to Vietnam Asset Management Company (VAMC).

 

HCMC among 'Top E-commerce Cities in Asia'

YCP Solidiance's "Top E-commerce Cities in Asia" white paper sheds light on the significance of the e-commerce landscape in Asia.

 

Shopee, Tiki solidify positions as top e-commerce sites in traffic in Q1 2019

Shopee and Tiki maintained their positions as the two leading sites in terms of traffic in Viet Nam’s e-commerce sector in the first quarter of this year.

 

Government inspectors to investigate power price hike

Government inspectors will investigate the latest power price increase by 8.36 percent to 1,864 VND (8.03 US cents) per kWh from March 20 following concerns among the public.

 

Fuel and power prices rise hurt Vietnamese consumers’ wallets

Low-income earners have been the most hard-hit by the recent energy price hikes.

Titans of VN female entrepreneurship

In the development of the Vietnamese economy, more women are running businesses across the country.

Foreign investment in Vietnam’s banks depends on ownership limit

As the domestic capital market is underdeveloped, Vietnamese banks are in dire need of foreign capital to meet Basel II standards by 2020 as required by the central bank.

Warren Buffet-owned Brooks Running moves production from China to Vietnam

Vietnam is emerging as a preferred destination for companies looking to resettle production because of tariff concerns emerged from the US – China trade friction.

New Peugeot manufacturing plant debuts in Quang Nam

Truong Hai Automobile Corporation (Thaco) in co-operation with French car manufacturer Peugeot Group inaugurated a new manufacturing plant and rolled out two made-in-Viet Nam models in Quang Nam on Sunday.