vietnam economy

Update news vietnam economy

Electricity hike hits industry hard

 Vietnamese manufacturers are set to increase their selling prices following the 8.36 per cent hike in electricity price that launched from March 20.

How will Vietnam’s catfish industry fare amid the rise of new rivals?

VietNamNet Bridge - Vietnam has been advised to increase  catfish output to force prices down, to improve competitiveness over other countries. However, this solution has stirred controversy.


Wild fragrant veggies from Cao Bang now a must-try

Travellers visiting the northern province of Cao Bang are advised to try out wild vegetables locally known as dạ hiến and ngót rừng (sweet leaf) for their special taste and aromatic flavour.

Stable housing drives productivity

Ngo Duy Hieu, Vice President of the Việt Nam General Confederation of Labour, talks to the Đầu Tư newspaper on workers’ need for accommodation to reach their full potential.

ThaiBev may receive high cash dividend from Sabeco

ThaiBev will receive more than VND1.7 trillion (US$73.2 million) in cash dividends for last year if a proposal to increase Sabeco’s dividend payout ratio from 35% to 50% is approved.

CPTPP signals pharma breakthrough

 Amid enforcement of landmark free trade agreements, Vietnam’s Ministry of Health has made significant legislative changes.

Lower corporate income tax sought to stimulate SME development

 The Ministry of Finance says in a draft proposal that the corporate income tax (CIT) should be slashed to 15%-17% from the current 20% for small- and medium-sized enterprises (SMEs).

Vietnamese-American musician releases new album

“Đi Trong Cuộc Đời” (Passing Through Life), a music album featuring latest songs written by Vietnamese-American musician Vu Thanh An, 76, has been released in HCM City.

Social homes for rent fail to attract customers in Hanoi

 VietNamNet Bridge – The uptake for social housing in Hanoi has been disappointingly low due to indifference from the intended target customers.

Institutional reform is key to development

If Vietnam is not determined to reform, it will be a lower average income country forever, writes Vu Tien Loc, chair of the Vietnam Chamber of Commerce & Industry (VCCI) for ‘For a Powerful Vietnam’, a forum initiated by VietNamNet.

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.

Interest rates under the pressure of GDP growth

Banks, enterprises and depositors are all concerned about what will become of deposit and lending interest rates.

When will aviation logistics take off?

When Vietjet Air and Bamboo Airways signed contracts worth billions of dollars for aircraft purchase during the recent U.S. President Donald Trump’s visit to Vietnam, many logistics experts expect freighters are among the aircraft ordered. 

Moody’s backs Vietnam’s stricter unsecured consumer lending regulations

 Vietnam’s stricter regulations on unsecured consumer lending are credit positive for finance companies, said the credit ratings agency Moody’s Investors Service in its latest Credit Outlook report released today, April 1.

Central Vietnam seen as potential site for golf tourism

 Golf tourism is emerging as a potential new tourism product in the central coastal city of Danang and central Vietnam to attract visitors from Europe, according to Deputy Director of the municipal Tourism Department Nguyen Xuan Binh.

5,400 tons of seafood stuck at fishing ports: VASEP

 Some 5,400 tons of seafood for export are currently stuck at local fishing ports as these ports are not authorized to certify the origins of seafood, the local media reported.

HoREA proposes solutions for about 100 suspended projects

 The HCM City Real Estate Association (HoREA) has proposed solutions for suspended property projects to avoid damages to the property market, project backers and the State.

Credit growth rate estimated at 2.28 per cent in Q1

 Total outstanding loans of the banking system rose 2.28 per cent as of March 25 and the total means of payment grew by 2.67 per cent compared to late 2018.

Clams die en masse in Thanh Hoa Province

Hundreds of thousands of clams have reportedly died en masse over the past week in Hai Loc Commune in the northern province of Thanh Hoa’s Hau Loc District, leaving farmers in debt.

VN seeks to improve logistics, eyes climb in World Bank ranking

 The Ministry of Industry and Trade has announced a plan to improve the performance of the logistics sector to improve the country’s business climate.