vietnam economy

Update news vietnam economy

Enterprises in supporting industries busy with orders during COVID-19

While other industries complain about the lack of jobs, enterprises in supporting industries have been operating at full capacity to satisfy a high number of orders.

BOT toll fee hike to increase costs for VN logistics firms

The Ministry of Transport’s (MOT) proposal to increase the BOT toll fees has faced strong opposition from logistics firms.

Covid-19 resets operational mode of VN retail market

Revenue from e-commerce has increased rapidly during Covid-19, but many traditional retailers have had to give back business premises to landlords.

BUSINESS NEWS HEADLINES MAY 23

Hanoi drafts FDI attraction strategy in next decade to boost productivity

EVFTA offers opportunities to Vietnam to diversify markets

Analysts say that Vietnam will be able to ease reliance on some trade partners because of the EVFTA.

Repatriated citizens: high-quality human resources for post-Covid-19

The number of repatriated citizens in the post-Covid-19 period is expected to increase, which will put pressure on the labor force and social security.

Shrimp exporters see bright future despite Covid-19

Vietnam’s shrimp exportsin Q1 had export turnover of $660 million, a 2 percent increase compared with the same period last year, according to the General Department of Customs (GDC).

A repeat of the 2011-2013 real estate crisis?

With purchasing power dropping dramatically and liquidity becoming alarminging weak, the real estate market is witnessing a repeat of the 2011-2013 crisis.

BUSINESS NEWS HEADLINES MAY 22

Casinos still lack popularity in Vietnam

Vietnamese businesses ready to be connected with “avenue” EVFTA

Economic cooperation between Vietnam and the European Union (EU) is about to turn a new page in history as the Vietnamese National Assembly is moving very close to ratifying the EU-Vietnam Free Trade Agreement (EVFTA).

E-wallet companies spend big money to beat rivals

‘Bleeding money’ is the strategy that all the three biggest players – MoMo, Moca and ZaloPay – have been using to gain part of e-wallet market share.

State-owned economic groups told to stop complaining

State-owned economic groups, complaining about the losses caused by Covid-19, have asked for financial support at a time when the government is preoccupied with fighting the pandemic.

Debt guarantee: light at the end of tunnel for Vietnamese SMEs

Some experts believe that the government needs to come forward and provide a guarantee for SMEs (small and medium enterprises) to access bank debts.

Mortgaged assets are not selling well: local banks

Commercial banks are rushing to sell immovable properties which are collateral for unpaid debts. But finding buyers has been difficult.

Casino development helps stimulate tourism demand in VN

In a document to the government, the Vietnam Association of Foreign Invested Enterprises (VAFIE) suggested developing casino services and prize winning games as a solution to recover the economy after the epidemic ends.

BUSINESS NEWS HEADLINES MAY 21

Contractors to be chosen for Long Thanh International Airport resettlement area

The ‘cash kings’ in the Covid-19 period

While many businesses have had to borrow money to maintain operation during the Covid-19 crisis, some others have tens of trillions of dong in cash.

Transferring solar projects to foreign investors 'normal': MoIT

The Ministry of Industry and Trade (MoIT) has said that transferring all or part of a solar power project was normal according to market rules and the Investment Law.

 

VN footwear companies unsure about the future

The fate of 4 million workers in the footwear industry depends on the recovery of exports after Covid-19 ends.

Vietnamese banks warned about capital shortage risk

Overdue debts, which are increasing rapidly during Covid-19, will adversely affect business results and capital growth capability of many commercial banks in Vietnam.