vietnam economy

Update news vietnam economy

More streetfront houses up for sale in HCMC center

More landlords want to sell townhouses after Covid-19, which has caused prices of houses in inner HCM City to slightly decrease in the second quarter.

VIETNAM'S BUSINESS NEWS HEADLINES JULY 5

Agriculture ministry bullish on export targets despite pandemic

VASEP decries taxes on semi-processed and processed seafood

Tax agencies have slapped many firms with a corporate income tax on semi-processed seafood products at 20%, while their products for exports or domestic consumption that are mainly processed, 

China remains major market for Vietnam’s farm produce

The first consignments of litchis grown in Hai Duong province shipped to Singapore hit the newspapers.

Vietnam hopes to attract huge capital as central banks print $6 trillion

Experts say Vietnam has the opportunity to attract more foreign portfolio investment as central banks are launching $6 trillion in quantitative easing programs in 2020.

VIETNAM'S BUSINESS NEWS HEADLINES JULY 4

Vietnam's squid, octopus exports down 21.2 percent

Vietnam’s businesses gear up for digitalization

Many companies have become digitized, believing this is the only way to achieve a breakthrough in their development.

Local airlines struggle to reposition themselves in market

Airlines have been lowering airfares and targeting mostly domestic passengers.

VN's rice exports bounce back after one-month interruption

While exports of many products have plunged because of Covid-19, rice exports are growing, with prices of some products reaching an 8-year high.

VIETNAM'S BUSINESS NEWS HEADLINES JULY 3

Vietnam trade surplus widens to US$4 billion in H1

Will demand for corporate bonds become weaker because of a new law?

Under the amended Enterprise Law ratified by the National Assembly on June 17, nonprofessional investors are prohibited from trading corporate bonds issued in private offerings from January 1, 2021.

Vietnam sees positive cash flow from foreign investors

The dollar price has decreased since the second half of March, with the dong/dollar exchange rate in the interbank market falling to VND23,200 per dollar last week.

How much have Vietnam’s casinos earned during Covid-19?

Since 2013, the state budget has collected VND1.9 trillion a year from casinos and prize-winning electronic games.

Bad debts return, bank profits fall

Along with implementing better provisions against credit risks, commercial banks are stepping up the sale of mortgaged assets to collect debts.

VIETNAM'S BUSINESS NEWS HEADLINES JULY 2

Vietnam Airlines postpones shareholders’ meeting until July 16

Consumer lending expected to rise in Vietnam after Covid-19

The number of borrowers is expected to increase, but this also poses higher risks for finance companies.

Vietnam to create “Miracle on the Red River” with implementation of Doi Moi 4.0

The Vietnamese Government has made bold and reasonable decisions to fight against the COVID-19 pandemic and be proactive with comprehensive initiatives for economic recovery.

Selling online: new opportunity for VN micro businesses

The ‘e-commerce wave’ has opened a new consumption trend in which anyone can create a platform of their own to start a business.

Nation’s economic forecast leads way

With its success in fighting COVID-19, Vietnam has continued to be the best performer in Southeast Asia, laying a firm foundation for the country to attract more investment and spur on production.

Old barriers prevent Covid-19-hit businesses from accessing preferential loans

Small enterprises complain they cannot access the preferential lending program, while banks say hundreds of trillions of dong are ready for disbursement.