vietnam economy

Update news vietnam economy

Hanoi office market yet to boom despite upward trajectory

Hanoi’s office market enjoyed a boost from an additional supply of 81,000 square meters during the first quarter of this year but it is yet to undergo a boom, according to a foreign-invested property services provider.

 

Local brands gaining status

Vietnamese brands need to pay greater attention to investing in building their brand if they dream of great success.

First trans-Pacific direct shipping line from Hai Phong opens

A Trans-Pacific transshipment service connecting the Hai Phong International Container Terminal (HICT) in northern Vietnam with the west coast of the US and Canada is now officially underway, shortening freight time by eight days.

 

Land prices soar in resort city of Da Lat

Land prices have sharply increased in the past month in the centre of the Central Highlands tourist hot spot of Dalat.

 

Vietnam’s exports to CPTPP countries set to surge

Vietnam’s exports to member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership are expected to increase strongly through 2030, reaching 25 percent of the nation’s total exports.

BUSINESS NEWS 15/4

Vietnam eyes 1,000 MW wind power capacity by 2020

 

China becomes Vietnam’s largest investor in Q1

China is now not only Vietnam’s largest trade partner but also its largest foreign investor as it poured US$723.1 million into the country in the first quarter of the year, according to the General Statistics Office.

 

Vietnam’s apparel sector increasingly attractive to foreign investors

Vietnam has become an appealing investment destination for international textile and garment enterprises, as Vietnam’s apparel sector is expected to continue to register strong growth in the coming years.

Aviation infrastructure not aligned with high growth: official

 The local aviation sector has achieved impressive growth, but its infrastructure has not kept up with the nation’s overall development, said an official from the Ministry of Planning and Investment, at a workshop in Binh Dinh on April 11.

 

BUSINESS NEWS 14/4

Forum looks to develop legal frameworks to boost cooperatives

 

VN Central Bank orders tight control over property loans

The State Bank of Vietnam (SBV) has asked the relevant agencies and banks to ensure strict control over real estate credit, especially in localities known to show signs of land fever, the local media reported.

 

Stiff competition continues in Hanoi’s retail property market

Hanoi continued to see fierce competition among retail properties during the first quarter of 2019, partially due to an additional 16,000 square meters from an inner-city project, reported Savills Vietnam.

 

VN government gives green light to mobile money project

Prime Minister Nguyen Xuan Phuc has directed the Ministry of Information and Communications in co-ordination with the State Bank of Vietnam to develop a “mobile money” project.

 

Farmers get smart to improve business

Vo Van Trung has become the first person in his village to go high tech and introduce modern facilities on his farm.

 

Fitch Ratings confirms creditworthiness of Vietnam’s power transmission giant

Fitch Ratings on Wednesday assigned Viet Nam’s National Power Transmission Corporation (EVNNPT) a long-term foreign-currency issuer default rating (IDR) of 'BB' with a stable outlook for the first time.

 

Credit growth limited at 15% for Vietnam's best banks in 2019

The State Bank of Viet Nam (SBV) has assigned a credit growth limit to each commercial bank in 2019, with priority given to those who met Basel II’s capital safety and risk management standards ahead of schedule.

 

Large volumes on way in Hanoi's office market

From 2019 onwards, tenants in Hanoi’s office market will have even more options to consider, given the increasing volume of office supply to be introduced in both Grade A and B, according to CBRE’s quarterly report released on April 10.

 

Vietnam’s renewable energy sector yet to realise its potential

 VietNamNet Bridge – Despite having 3,000km of coastline with up to 2,700 hours of sunlight a year, the development of the renewable energy industry in Vietnam is yet to meet its potential. 

Farmers get smart to improve business

VietNamNet Bridge – Vo Van Trung has become the first person in his village to go high tech and introduce modern facilities on his farm.

Vietnam embraces opportunities to be renewable viable

In 2010, Prime Ministry approved the national programme on developing non-fired construction materials by 2020. United Nations Development Programme in Vietnam and Global Environment Fund have supported efforts to reduce pollution