vietnam economy

Update news vietnam economy

Private sector expected to build sustainable aviation sector

Viet Nam’s aviation industry has seen its strongest growth in the past decades with double-digit growth set in five consecutive years, but it is still faced with sustainable development issues.

 

How best to manage and operate business families

A conference on “Business Families: Developing the Next Generation Best Practices of Internationally Successful Business Families” was held recently for business owners, leaders, and senior management teams at Vietnamese enterprises.

 

Foreign banks in Vietnam raise capital for expansion plans

Foreign banks have so far gained positive business performance in the Vietnamese market and their results are estimated to be better than Vietnamese banks with the same scale in capital and total assets.

Vietnam projected to attract US$42 billion in solar power projects by 2035

Solar power could be considered an important instrument for Vietnam to fulfill the sustainable development goals.

Habeco forecasts profit to drop a third to 10-year low

The Ha Noi Beer-Alcohol-Beverage JSC (Habeco) has forecast its post-tax profit will fall 36 per cent year-on-year to VND310 billion (US$13.3 million) in 2019, the lowest in 10 years.

 

Stop-over charter flights proposed for Van Don Airport

 Newly-operated Van Don International Airport in the northern province of Quang Ninh is seeking the Ministry of Transport’s permission for serving stop-over charter flights.

 

VinFast automobile factory to become operational in June

Vietnamese automaker VinFast announced on Tuesday that the firm will officially put its automobile manufacturing factory into operation in June this year, three months earlier than scheduled.

 

BlackRock proposes to secure funds for Dung Quat oil refinery expansion

The global investment firm proposed mobilizing capital for the project under the form of sale-and-leaseback, VietnamFinance reported.

Pessimism may drag VN stocks further this week

Vietnamese shares may continue falling this week as investors remain pessimistic about economic and business prospects in 2019.

Vietnam’s steel industry facing nearly 50 anti-dumping and –subsidy investigations

Vietnam’s steel industry is facing 47 anti-dumping and anti-subsidy investigations from importing countries, accounting for one-third of the total cases of Vietnamese goods, according to a report from the VN Trade Defence Department.

 

Vietnam’s market for luxury departments appeal to Chinese investors

In 2018, only 23% of luxury homes were sold to locals, outpaced by Chinese, while South Koreans and Hong Kong (China) residents followed closely behind.

Vietnam Airlines gets green light to list shares on HoSE

With a par value of VND10,000 (US$0.43), the total value of the share amount in subject is VND14.18 trillion (US$611.64 million).

E-payment in Vietnam predicted to surge in next five years

The extent of internet penetration and the percentage of smart phones and social media users in the country is higher than the global average and countries with similar development level, said experts.

Vietnam sees flourishing food and beverage industry

Vietnam, a market of 93 million people, is seeing rapidly growing consumer demand for food and beverage (F&B) products, offering ample space for the F&B sector to expand.

 

Vietnam’s energy demand to double in 20 years, US giants see opportunities

Four US energy firms see great chances to invest in the country where energy demand grows 10% annually.

Vietnam expected to cut policy rate in second half of 2020: HSBC

The need to ease policy rates in the near-term is unlikely, given the country’s still-robust growth and heightened foreign direct investment.

Rough road for VN farm exports to the EU

The European Union’s evermore stringent regulations on quality management, food safety as well as traceability have piled tremendous pressure on Vietnam’s agricultural exports to this bloc.

 

BUSINESS NEWS 16/4

2nd Co-operative Registrars’ Forum to be held in HCM City

 

Household businesses out from the shadows

Household businesses are being encouraged to develop into private enterprises and contribute more to economic development.

Different ways to grow

Vietnam is in search of new growth drivers as financial market management is set to create momentum for national economic development.