vietnam economy

Update news vietnam economy

Investors remain wary amid tight liquidity: experts

Investors are seen keeping a cautious approach this week, due to low liquidity and the upcoming long holidays, according to analysts.

 

Vietnam invests in 190 projects in Cambodia

Vietnam is one of the leading trade partners of Cambodia through the two- way trade turnover growth averaging 9.8 percent year on year.

 

Foreign investors keep big interest in Vietnam’s consumer finance market

Foreign investors are targeting Vietnamese consumer finance companies, even poorly-performing ones, to enable themselves to rapidly enter the local fruitful financial market.

Positive outlook on Vietnam bank stocks in 2019

Statistics from 17 stock-exchange listed banks in Vietnam in the first quarter show a continued uptrend following positive business performance of the sector in 2018.

Anti-dumping duty investigation launched on imported fiberboards from Thailand, Malaysia

The Vietnamese Ministry of Industry and Trade (MoIT) has launched an anti-dumping investigation into industrial medium density fibreboard (MDF) imported from Thailand and Malaysia.

 

Grab warned over out-of-scope operations

The Ministry of Transport has asked local authorities in Bac Ninh, Hung Yen and Vinh Phuc to deal with Grab's illegal operation in the areas.

 

VN urged to improve economic resilience

Vietnam must focus on consolidating macro-economic foundations and reforming institutions to increase resilience in the context of global uncertainties, according to the Central Institute for Economic Management.

 

Not many banks to pay dividends in cash, but shareholders content

At the annual general meeting of VIB in HCM City on March 28, shareholders approved a dividend of 26.5 per cent for 2019, including 5.5 per cent in cash and the rest in shares.

 

Da Lat speciality products to be given 'identity cards'

Each specialty product from Da Lat City and Lam Dong Province will be given a unique identification number to help consumers distinguish between them quickly and accurately.

Credit package proposed for VN support industry

The Vietnamese Ministry of Industry and Trade has proposed a VND100 trillion (US$4.31 billion) preferential credit package for the development of the country’s support industry.

 

Basel II standards help Vietnamese banks get high credit growth limit

Some commercial banks expect to get high credit growth limits set by the central bank this year as they have so far met Basel II’s capital safety and risk management standards ahead of schedule.

 

Vietnamese fruit farmers encouraged to apply GAP standards

The Mekong Delta province of Dong Thap is encouraging farmers to grow more fruits meeting good agricultural practice standards to improve incomes and sustainability.

 

BUSINESS NEWS 22/4

New banking of modern era: Mobile money

 

Fuel price hikes create pressure but CPI under control

Petrol price hikes in April were putting pressure on prices but the consumer price index (CPI) was still under the control, according to the General Statistics Office (GSO).

 

Digital economy requires national strategy for network security

Vietnam’s digital economy has progressed rapidly in recent years, but challenges in network security require the country to build a comprehensive national strategy to address network vulnerabilities.

 

Mortgage requirements stand between small companies and bank loans

Small- and medium-sized enterprises (SMEs) are unable to borrow from banks because they do not have property to mortgage, Tran Viet Anh, Vice Chairman of the HCM City Business Association, has said.

 

Long-term prospects for Vietnam look good: Capital Economics

Vietnam’s GDP growth looks set to slow over the next couple of years, but the country is likely to remain one of the region’s best performing economies, according to Capital Economics.

Eximbank ordered to compensate Chu Thi Binh with over VND115 billion

The HCMC High-level People's Court has ruled that Eximbank must pay over VND115 billion to Chu Thi Binh, who was swindled out of US$10.5 million by former deputy director of the Eximbank HCMC branch Le Nguyen Hung.

 

BUSINESS NEWS 21/4

2nd Co-operative Registrars’ Forum opens in HCM City

 

Bright prospect for Vietnam’s key economic sectors in 2019

In 2018, manufacturing remained the driving force of the economy with an increase of 12.98% year-on-year, contributing 2.55 percentage points to Vietnam’s 10-year high economic growth of 7.08%.