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Update news vietnam economy
The Vietnam Bank for Social Policies (VBSP) is ready to disburse VND16 trillion for enterprises that need money to pay to workers. But none of them have accessed the package.
Vietnam enjoys sharp increase in export of rice and medical masks
While government officials attribute the high pork price to the low supply caused by the African swine fever (ASF), experts say they can see signs of oligopoly.
Focusing on the home market is one of the important solutions that will help enterprises restore production and business after Covid-19 ends, experts say.
Vietnam’s food materials have been used to make excellent products of famous brands that are consumed all over the world.
Pork imports rise nearly 300 pct in five months
Vietnamese fruit exporters have been trying to stop their reliance on China, but no progress has been made in finding new markets.
Now is the time when enterprises are feeling the ‘brutality’ of the Covid-19 epidemic. They have had to lay off many workers as they cannot maintain production and have received no orders.
Private banks that can satisfy the requirements on capital adequacy ratio (CAR) now have great opportunities to obtain bigger market share.
Restaurants and eateries have been crowded recently, following the social distancing period. Analysts believe this indicates a rapid recovery of the economy after the epidemic.
Businesspeople have called on the government to take measures to control foreign capital and prevent foreign investors from acquiring local strong brands and Vietnamese enterprises in important business fields.
Vietnam's aquatic exports drop 6 percent in five months
Chinese apps in Vietnam are luring borrowers who have to pay back debt at high interest rates within a short period of time.
It won’t be a V-shaped recovery, but a swoosh-shaped recovery like Nike’s logo: the economy will go down and then bounce back beginning in 2021, according to BIDV’s chief economist Can Van Luc.
There is a new FDI capital flow heading for Southeast Asian countries, but analysts say it is not easy for Vietnam to grab the opportunities.
Vietnam spends over US$1.2 billion on fuel imports
Developing IZs is seen as a profitable business at this time as many foreign investors are leaving China and heading for Vietnam.
Vietnam has puts high hopes on EVFTA, but the COVID-19 pandemic may make the path to realize its benefits a bumpy one.
Under the draft law, financial incentives would be given in three fields – corporate income tax, import/export tax; finance and land; and accelerated depreciation.
As many as 102,000 trading accounts opened in the last months, showing the attractiveness of the stock market.