vietnam economy

Update news vietnam economy

Van Don property market in Quang Ninh ‘scorching hot’

VietNamNet Bridge - The real estate prices in Van Don in Quang Ninh province began escalating after Tet in February, when transactions resumed. 

New tech and incentives helping to reduce costs

Vietnam’s Strategy for Renewable Energy Development hopes to triple the output of electricity produced from renewable sources from 58 billion kilowatts per hour (kWh) in 2015 to 186 billion kWh by 2030.

Vietnam’s GDP forecast to expand in Q2 at same pace as in Q1

 Vietnam’s GDP of the second quarter will likely grow at the same pace as the first quarter at 6.79% year-on-year, according to Viet Dragon Securities Company (VDSC). 

Cyber thugs shouldn't be kids' idols

A 26-year-old YouTube star was arrested in northern Bac Ninh Province on Tuesday for alleged involvement in an illegal gambling ring, drug abuse and possession of deadly weapons.

A boy driven by love

 VietNamNet Bridge – Over the past week, the story of a 13-year-old boy who cycled more than 100km to visit his hospitalised little brother went viral on social media.

Lecturer inspires students to pursue research

As a lecturer, Vong Binh Long juggles two jobs: conducting research in pharmaceutical materials used to treat cancer and teaching classes to students at the University of Science in HCM City.

Tan Phong Islet – A tranquil oasis in Tien Giang

 VietNamNet Bridge – Tan Phong Islet in Cai Lai District, Tien Giang Province, is located on Tien River. Boasting a tranquil atmosphere, the islet is an ideal get-away destination for tourists.

Tax collections from online content creators remain challenging

 An increasing number of Vietnamese YouTubers, such as the short-lived ‘idol’ Ngo Ba Kha alias Kha Banh, earn large amounts of money from the social network but some YouTubers might be trying to evade their personal income tax.

Vietnamese platforms among most visited e-commerce sites in region

 Among the top 10 most successful e-commerce platforms in Southeast Asia in 2018, based on average monthly web traffic, five operate in Vietnam - Lazada, Shopee, Tiki, Thegioididong and Sendo, according to new findings from iPrice research.

Vietnam prepares to avoid commercial disputes on environmental regulations

VietNamNet Bridge - Vietnam’s membership in free trade agreements (FTAs) is expected to bring big economic development opportunities to Vietnam. 

Reasons to make Vietnam car finance market post record growth by 2023

 Growing middle class is picked up among reasons attributed to the record growth of nearly US$6 billion by the year.

First shrimp online transaction floor debuts

 Vietnam’s first shrimp online transaction floor made its first public appearance in the Mekong Delta city of Can Tho on April 5, helping farmers get the highest possible prices for their product and updates on the cultivation and trade.

Foreign investors set their sights on poorly-performing banks

 Foreign financial institutions were eyeing up poorly-performing Vietnamese banks after being given the green light to acquire stakes in local institutions in a move to speed up the restructuring of the country’s banking industry.

Tourism growth helps boost real estate expansion: insiders

 The development of the tourism sector has helped attracting investment in tourism real estate, while encouraging investors to diversify their projects, products and services, held experts at the Tourism Property Forum 2019 on April 6.

Vietnam spends over US$47 million per day paying debt

 Vietnam recorded a budget surplus of VND66 trillion (US$2.84 billion) in the first quarter, indicating a sharp improvement from a budget surplus of VND18.48 trillion (US$797.02 million) in the same period of 2018.

Rooftop solar power can be game changing

 Vietnam’s rapid GDP growth and accelerated development as a global manufacturing hub is creating an anticipated infrastructure problem, which is a growing power demand-supply gap.

Corporate bonds give bank deposits a run for their money

 A question being asked by many experts now is why banks are joining a race to increase deposit interest rates though there is no ostensible liquidity shortage.

Overseas developers heat up market

The foreign capital flows into the Vietnamese real estate sector since the beginning of 2019 remain on pace as the second-most attractive after manufacturing and processing, thanks to a climb in interest from overseas investors. 

Wind power barriers need removing

 Vietnam’s latest and most comprehensive regulation on wind power development is expected to leave much room for improvement. 

Wooden furniture producers prefer outsourcing, reluctant to build brands

VietNamNet Bridge - Vietnam is a big woodwork exporter, but products are labeled as foreign made, with few local brands.