vietnam economy

Update news vietnam economy

Billion-dollar deals and the cutthroat competition among securities companies

VietNamNet Bridge - Investment banking is a difficult business, which explains why only a few Vietnamese companies can carry it out, though the market is valued at billions of dollars.


State-owned schools suffer from teacher brain drain

VietNamNet Bridge - Teachers who once coveted jobs at state-owned schools in the past are now leaving the schools for private education establishments which offer higher salaries.

iPhone price sliding in Vietnam

VietNamNet Bridge - Distributors in Vietnam have slashed selling prices for iPhoneX 2018 models earlier than usual.

Tables turned on loan sharks

 VietNamNet Bridge – Loan sharks have a reputation for violence, but the tables got turned on some debt collectors recently.

Moody's backs Vietnam's strict proposal on unsecured consumer lending

 Viet Nam’s stricter regulations on unsecured consumer lending are credit positive for finance companies, according to a recent credit outlook report released by the credit ratings agency Moody’s Investors Service.

Burger King slammed for ‘racist’ ad promoting Vietnamese burger

 Burger King has come under fire for an advertisement that many deemed racist against Asians.

Vietnamese Trade Counselor: benzoic acid still used in some food in Japan

 The benzoic acid additive that Japanese authorities discovered in Chinsu-branded chilli sauce imported from Vietnam is being used in some food in Japan, according to Vietnamese Trade Counselor in Japan Ta Duc Minh.

Grab may be categorized as e-charter transport operator

 Ride-hailing service providers such as Grab will likely be listed as e-charter transport operators, heard attendees at a meeting to discuss a draft Government decree replacing Decree 86 on the transport business and its conditions on April 8.

VN central bank sets to tighten unsecured consumer finance

 Regulations on personal unsecured lending by consumer finance companies will be tightened if a draft circular of the State Bank of Vietnam (SBV) takes effect.

ADiDi penetrates local delivery market

 The local delivery market on April 8 welcomed a new member, ADiDi, providing delivery, installation, repair and maintenance services, mainly for electronic products and household appliances.

Biofuel consumption rises in HCM City

 E5 biofuel consumption rose recently in HCMC, following the upward price adjustment on April 2, Sai Gon Giai Phong news site reported, citing multiple fuel outlets in the city.

Truong Van Phuoc picked as Vietbank’s advisor

 Vietnam Thuong Tin Bank, or Vietbank, has announced the appointment of Truong Van Phuoc, former acting chairman of the National Financial Supervisory Commission, as its advisor from April 8.

VN-Index extends upward momentum to three straight days

 The Vietnam’s stock market advanced for a third consecutive day on April 8 to open week in green thanks to rising trend on Asian stock markets caused by optimistic economic information from the US and China.

Fierce competition predicted for Vietnam’s retail leasing industry

 Competition is set to intensify for Vietnam’s retail leasing market, mainly due to the entry of foreign players and the rise of e-commerce, stated Viet Dragon Securities Company (VDSC) in its latest report. 

Mini pigs become big problems

 VietNamNet Bridge – Mini pigs are cute, but large pigs, well that's a different story. Large pigs have tusks, are territorial and defecate large amounts, none of which are qualities of a cute pet.

Con sui brings heat in the chill of Sa Pa

 VietNamNet Bridge – Pho (noodle soup) might be Vietnam’s most famous dish, but there are plenty of siblings of the world-famous delicacy worth slurping down.

Lobsters die en masse in Phu Yen

 VietNamNet Bridge – Lobsters have died en masse recently in Xuan Dai Bay in Song Cau District, the central province of Phu Yen.

Agricultural production: businesses make big investments in processing

VietNamNet Bridge - Vietnam needs to make basic changes in agricultural production and may have to start over from scratch, according toTran Ba Duong, chair of Truong Hai Automobile (Thaco).


Tech transfer project yields fruitful results

 VietNamNet Bridge – A technology transfer project run by Belgium at three universities in Vietnam has gained positive results after two years of implementation.

Companies follow Government lead, set cautious growth targets

 VietNamNet Bridge – Construction company Becamex IDC Corp has been cautious about this year’s business targets.