vietnam economy

Update news vietnam economy

VND16 trillion credit package inaccessible to businesses

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'S BUSINESS NEWS HEADLINES JUNE 19

Vietnam enjoys sharp increase in export of rice and medical masks

High pork prices in Vietnam blamed on suppliers who control the market

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.

Vietnamese enterprises encouraged to focus on home market

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 products used by famous foreign brands

Vietnam’s food materials have been used to make excellent products of famous brands that are consumed all over the world.

VIETNAM'S BUSINESS NEWS HEADLINES JUNE 18

Pork imports rise nearly 300 pct in five months

Even with EVFTA, Vietnamese fruit still relies on Chinese market

Vietnamese fruit exporters have been trying to stop their reliance on China, but no progress has been made in finding new markets.

Covid-19 starting to hit Vietnamese enterprises as workers are laid off

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.

Vietnamese banking system sees big changes

Private banks that can satisfy the requirements on capital adequacy ratio (CAR) now have great opportunities to obtain bigger market share.

Vietnamese optimism believed to help economy recover quickly

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.

Vietnamese fear loss of strong local brands

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 BUSINESS NEWS HEADLINES JUNE 17

Vietnam's aquatic exports drop 6 percent in five months

Many Vietnamese trapped by Chinese lending apps

Chinese apps in Vietnam are luring borrowers who have to pay back debt at high interest rates within a short period of time.

Senior economist projects "swoosh-shaped" recovery for Vietnam

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.

New strategy needed for coming FDI wave

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'S BUSINESS NEWS HEADLINES JUNE 16

Vietnam spends over US$1.2 billion on fuel imports

Vietnam's IZs expand in anticipation of new FDI wave

Developing IZs is seen as a profitable business at this time as many foreign investors are leaving China and heading for Vietnam.

Will benefits from EVFTA be affected by Covid-19?

Vietnam has puts high hopes on EVFTA, but the COVID-19 pandemic may make the path to realize its benefits a bumpy one.

Vietnam considers specific investment incentives to attract FDI

Under the draft law, financial incentives would be given in three fields – corporate income tax, import/export tax; finance and land; and accelerated depreciation.

More investors join Vietnamese stock market, cash flows in

As many as 102,000 trading accounts opened in the last months, showing the attractiveness of the stock market.