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Update news vietnam economy
The State needs to be wary of new business registration applicants and M&A deals related to Chinese investors, Bui Ngoc Son from the Institute of World Economics and Politics (IWEP) has said.
State Bank Vietnam (SBV) Governor Le Minh Hung said at a conference on reviewing socio-economic development in the first half of the year that SBV has adjusted the 2020 credit growth rate limits of some banks.
Vietnam’s exports to key markets such as the US and EU sharply rebounded across many sectors.
As Vietnam has set new policies to encourage domestic production, car manufacturers have resumed the assembling of some bestsellers in Vietnam to enjoy incentives.
US businesses are seeking Vietnamese partners in various business fields, according to the US-ASEAN Business Council (USABC).
Automobile market on recovering track: VAMA
Even after launching a credit package worth hundreds of trillions of dong to support businesses, bad debts will still increase this year.
As wind and solar power project developers now can enjoy a high FIT (feed in tariff) price, investors are registering more projects to resell for profit.
Most medical equipment and pharmaceutical companies reported high revenue and profit growth rates in Q1 in comparison with the same period last year.
Tra fish exports enjoy robust growth to UK, Singapore
Vietnam’s economy grew 1.81 per cent in the first half of 2020
Experts believe that Vietnam should follow a gradual opening roadmap instead of an immediate opening to protect its great achievements in fighting against Covid-19.
Vietnam could expect the strong growth of recent years to return next year, and will likely see its position as an offshoring location reinforced once the global economy begins to recover, as assessed by the Mckinsey & Company.
Commercial banks have slashed the deposit interest rates by 0.25-0.5 percent per annum as credit growth continues to be sluggish.
Despite a five-year high in first-half consumer price index, Vietnam is expected to bring inflation under control this year due to feeble demand for production and consumption, as well as shrunken demand in global markets.
As soon as COVID-19 subsided in Vietnam, startups began to again receive capital.
Vietnam’s public investment estimated at VND156 trillion in first half
Earlier this month, when Mekong Delta’s farmers were harvesting the 2020 summer-autumn crop, rains and storms affected rice quality and caused the market price to fluctuate.
Thousands of businesses have suspended their operation or filed for dissolution because of Covid-19, causing tens of thousands of workers to become redundant.
Israeli businesses keen to import medical supplies from Vietnam