vietnam economy

Update news vietnam economy

$440 million of Sabeco capitalisation evaporates

The plunge in the valuation of SAB shares on the transaction session of April 18 sent VND10.13 trillion ($440.4 million) of Sabeco's charter capital disappear in a puff of smoke.

 

Vietnam short of supporting enterprises

Although participating in global value chain will help businesses increase their values, approach global market and get high profits, only 20 percent of Vietnamese enterprises are able to join in the global value chain.

 

Vietnam's agriculture applies science-technology for sustainable development

More than 70 percent of the Vietnamese population is working in the agricultural sector, yet they contribute only around 20 percent of the GDP.

Vietnamese consumers willing to pay more for safe products

Eighty percent of Vietnamese consumers are willing to pay more to buy safe commodities, according to a report of Nielsen Vietnam.

 

Vietnam Airlines achieves $65.21 million consolidated profit

Vietnam Airlines reported a consolidated revenue increase of 4.3 per cent compared to the same period last year, pocketing $1.13 billion and consolidated pre-tax profit of $65.22 million, achieving 45 per cent of the yearly plan.

 

BUSINESS NEWS 20/4

VND17 trillion needed for Thap Cham-Dalat railway restoration

 

Vietnam misses many opportunities due to shortage of large exhibition centers

Tension over a shortage of facilities for organization of large-scale fairs and exhibitions has gradually become greater amid more and more foreign firms come to Vietnam to promote trade.

 

Confusion over proposal to install taxi sign on ride-hailing cars

Drivers and customers are confused about the proposal to require ride-hailing vehicles to put up ‘taxi signs’ on the top of their vehicles.

 

Vietnam's garment, textile industry expected to lure much foreign investment this year

According to economic experts, the garment and textile industry of Vietnam will advance further in global market thanks to several existing advantages such as skilled laborers with sophisticated technique.

 

Vietnam leads cashless drive in Southeast Asia

Vietnam and Thailand are experiencing a boom in mobile payments as more people use e-wallets to pay for goods and services without going through an intermediary like a bank.

 

 

Vietnam imports nearly 100 percent of materials for steel production

Vietnam's steel industry has faced many difficulties and challenges during the past time due to the excess capacity and fierce competition from domestic enterprises as well as direct impact of imported steel from Chinese market.

 

Vietnam Airlines pilot salaries continue rising

Vietnam Airlines pilots have seen a rise in their salary over recent years with the average figure of VND132.5 million (USD5,739) in 2018.

 

Sino – US trade war nudges up foreign firms towards Vietnam

Amid escalating trade battle between the US and China, an increasing number of foreign firms are flocking to Vietnam seeking for supply source and expanding their markets, thanks to low manufacturing costs.

Fiscal deficit to stay high in 2019 due to delayed SOE divestment

Vietnam's fiscal deficit will stay high at 5.7 percent in 2019 due to delays in the divestment of State-owned enterprises and lower import tax revenues, according to Fitch Group’s Fitch Solutions forecast.

Tighter regulations needed to prevent fake goods online in Vietnam

The Vietnamese Government should impose strict punishments on the trade of counterfeit goods on e-commerce platforms, attendees were told at a conference held in Hanoi on Thursday.

 

Malaysian firms explore investment in VN’s car manufacturing industry

Malaysian Ambassador to Vietnam Dato Mohd Zamruni Khalid said that Viet Nam was an attractive market for car manufacturing given its young population and favourable investment policies.

 

Grab cars must have roof signs: draft

Cars which provide passenger transportation services via ride-hailing platforms like Grab will have to have roof signs showing that they were “contract vehicles”.

 

Guarantee for customs clearance to be piloted in 2021-22

The execution of guarantee for customs clearance will be piloted in 2021-22 in an effort to enhance trade facilitation, a customs official said.

 

Vietnam's property market stable in Q1

The domestic property market showed stable development in the first quarter of this year with the emergence of potential new property trading regions.

 

Vietnam should continue economic restructuring: ADB official

Country Director of the Asian Development Bank (ADB) Eric Sidgwick has recommended Vietnam push ahead with restructuring its economy to maintain stable growth in the medium and long terms.