- © Copyright of Vietnamnet Global.
- Tel: 024 3772 7988 Fax: (024) 37722734
- Email: evnn@vietnamnet.vn
Update news vietnam economy
In anticipation of the investment shift driven by the Covid-19 epidemic and the Sino-U.S. trade war, multiple industrial real estate developers are rolling up sleeves with their investment.
Coffee prices in the Central Highlands and the south are predicted to continue to slide downward as prices have fallen globally.
Increasing chartered capital is the most important task for the four state-owned commercial banks. If their CARs are lower than Basel II standards, they will have to restrict lending.
The government of Vietnam needs to improve the business environment and transport infrastructure, in addition to simplifying administrative procedures, to attract the expected new FDI 'wave'.
More M&As are expected this year, experts say.
Reform must focus on removing inconsistencies, overlaps in business regulations: VCCI
Studies have found that Vietnam’s taxation system offers many incentives to foreign invested enterprises (FIEs), but puts an increasingly heavy burden on Vietnamese enterprises and people.
The Vietnamese logistics industry is among those hit the hardest by Covid-19, as the unpredictability and duration of the pandemic have presented multiple challenges in both the short and long terms,
Despite the positive business results witnessed in the early months of the year, many listed companies have been cautious with their pre-tax profit targets.
Foreign investors are considering relocating their production bases out of China, but this doesn’t mean that all of them will flock to Vietnam.
Customs enhances supports for enterprises
Activities at large airports such as Noi Bai and Tan Son Nhat as well as local airports have become busy again thanks to domestic flights.
The World Bank Group has announced the seven-year debarment of Vietnam-based Sao Bac Dau Technologies Corporation (SBD) in connection with collusive and fraudulent practices under the Danang Sustainable City Development Project
It is still unclear when Vietnam will reactivate international flights and reopen its market to foreign travelers, but agencies and travel firms all are making hectic preparations.
The policies on supporting businesses have been designed well, but the support is not enough to help businesses recover losses, economists say.
The ratio of public debt to GDP is not too high, but the pressure of debt repayment in both VND and foreign currencies will increase in 2020-2021.
The national flag air carrier is still moving ahead with its plan to buy 50 narrow-body aircraft, though it has reported a loss of VND2.6 trillion in Q1.
Analysts believe that mentors and angel investors in Vietnam are spending time taking care of their existing investment portfolios, rather than seeking new investors.
HCM City records low credit growth, high risk of bad debts