vietnam economy

Update news vietnam economy

Mondelez asks Kido to pay $652,173 in tax arrears

 Mondelez International AME Pte., Ltd. (MIA) asked Kido Corporation to pay VND15.4 billion ($669,565) in tax arrears Mondelez Kinh Do accrued while it still belonged to Kido.  

CBD becomes decisive to Hanoi retail market in Q1/2019

 The retail market in Hanoi has experienced a bustling period of time in the first quarter (Q1) this year thanks to the presence of more foreign retailers and the additional space in central business district (CBD). 

Vietnamese developer writes software to escape boss’ notice

Pham Van Toan, a coder in Hanoi, has created software that allows office workers to  read online newspapers, surf on the internet, order food or do other tasks during working hours. The software uses artificial intelligence(AI) at a basic level.

VN firms need to go digital

In the international integration process, revitalisation and innovation are the quickest way for countries and businesses to embrace digital transformation.

Ha Noi Stock Exchange sets sights on modest profit of $13.2m in 2019

 The Ha Noi Stock Exchange (HNX) eyes VND308 billion (US$13.2 million) in pre-tax profit in 2019, up 0.3 per cent year on year, and VND594.3 billion in total revenue, up 5.66 per cent year on year.

Violations of transparency still plaguing local securities market

 Violations in transparency and information disclosure are still rampant on the stock market and remain a problem to market members, public companies and auditors.

VN central bank resumes net injection to ease liquidity pressure

 The State Bank of Viet Nam has resumed open market operations for the first time since Tet (Lunar New Year) to improve liquidity in the banking system.

VN banks to prioritise senior staff, capital increases at this year's AGMs

Changes in senior personnel, listing on the securities market, raising capital and the settlement of bad debts are expected to be the top priorities of banks at their upcoming annual general meetings (AGM) this month.

VN Industry and Trade Ministry mulls direct power sales

 The Ministry of Industry and Trade (MoIT) is considering allowing companies that use a lot of power to buy electricity directly from power plants.

Planning and Investment Ministry focuses on cutting business prerequisites

 The Ministry of Planning and Investment (MPI) was hastening the effort of cutting business prerequisites in term of quality to ensure the deregulation to truly benefit firms, Minister Nguyen Chi Dung said.

Poor demand around Tet strikes apartment market segment in Q1

 The first quarter of the year saw a fall in both supplies and sales of apartments in HCMC, at 57% and 52%, respectively, over the same period last year.

Nha Trang’s low-cost tours pay low taxes, tarnish tourism image

VietNamNet Bridge - The Khanh Hoa provincial authorities are finding it difficult to control low-cost tours, which are booming in the sea city of Nha Trang.

Vietnam moves forward to phase out scrap plastic imports

The Vietnamese government has reiterated its intention to phase out scrap plastic imports, noting all scrap plastic inflows will be barred beginning in 2025.

Experts propose higher foreign holding in Vietnamese banks

The Vietnamese government should increase the foreign ownership ratio in local banks to facilitate the institutions to lure luring capital and governance experiences from prestigious foreign banks, experts proposed.

Young entrepreneur and “almost” impossible startup project

 Le Dinh Hieu – a member of the prestigious “30 under 30” list by Forbes Viet Nam has entered the startup scene in education for underprivileged people. 

Vietnam works to close loopholes in e-commerce

 Vietnam’s fast-growing e-commerce sector has posed a great challenge for the Government as many retailers are using loopholes in management regulations to trade counterfeit goods.

Chinese investors want to pour money into transport projects

VietNamNet Bridge - Chinese investors have been flocking to Vietnam to seek transport infrastructure projects to invest in under different modes.

Local shrimp farmers to operate on trading floor

 Local shrimp farmers in the Mekong Delta region and across the country will be able to sell their shrimp products on a trading floor in the coming period.

Vietnam SMBs invest mainly in Cloud computing: Cisco

 Up to 18% of small and medium-sized businesses (SMBs) in Vietnam are investing in Cloud computing, which allows them to build mass-scale computing power and minimize information technology (IT) requirements and physical storage.

VN credit institutions recover nearly $8.8 billion of bad debts

 Credit institutions in Vietnam settled more than 204.4 trillion VND (8.77 billion USD) of non-performing loans (NPLs) by the end of the first quarter this year, said Nguyen Thi Hong, Deputy Governor of the State Bank of Vietnam (SBV).