vietnam economy

Update news vietnam economy

It may take one year to recover VN economy: experts

A low GDP growth rate is unavoidable in 2020 as the economy has been seriously affected by Covid-19.

Despite big losses, local airlines keep buying aircraft

Airlines continue ordering aircraft in their ambitious plans to expand their fleets, betting on the recovery of the market after the pandemic ends.

Golden opportunity for VN farm produce to regain home market

Because of Covid-19, the global farm produce supply chain has been interrupted because of logistics problems. Now is the right time for domestic farm produce to conquer domestic consumers’ hearts, experts say.

Vietnam businesses eyed by foreign investors

Instead of following procedures to become nvestors, foreign enterprises are preferring to ‘take a shortcut’ by taking over Vietnamese businesses, which allows them to penetrate the market more quickly.

To become face mask supplier, Vietnam told to focus on quality, not quantity

Vietnamese face mask producers will have to satisfy CE and FDA standards when exporting products to the EU and US markets.

BUSINESS NEWS HEADLINES MAY 18

VN to strengthen simplification of business regulations in 2020-25 period

Where will FDI head after leaving China?

Foreign investors are considering relocating their production bases out of China, and many of them are heading for Vietnam.

VN businesses need capital immediately: economist

Businesses would rather borrow money at commercial interest rates and get loans immediately than wait for preferential loans, according to Vu Thanh Tu Anh, a respected economist.

More M&A deals in VN's real estate sector during COVID-19

The epidemic has brought great opportunities to businesses with powerful financial capability to ‘hunt’ for attractive projects and take them over.

BUSINESS NEWS HEADLINES MAY 17

Signs of recovery for businesses who weather COVID-19 storm

In Vietnam, hotels are being sold as owners take losses amid Covid-19

Many owners cannot maintain operation of their hotels during the epidemic and want to sell them.

Small businesses change business models to survive pandemic

Seeking new markets, making new products and following new business thinking are actions now being taken by Vietnam’s businesses to overcome current difficulties.

BUSINESS NEWS HEADLINES MAY 16

Vietnam takes first ever measures to kick-start ailing economy

Will investors relocate their production bases to Vietnam after Covid-19?

Many international manufacturers are expected to relocate their investments out of China after the epidemic ends. Vietnam is one of the destinations.

VN real estate not hit hard by Covid-19

The Ministry of Construction (MOC) said though the epidemic has affected the real estate market, causing a decline in supply and the number of transactions, real estate prices in some localities are still on the rise.

Some local banks to recover fast after the epidemic

If the the epidemic is contained by the second quarter of 2020, the profits of some commercial banks may recover from 2021.

BUSINESS NEWS HEADLINES MAY 15

HCM City steps up rooftop solar power development

Chinese cars to arrive in Vietnam en masse

Chinese cars will flood the Vietnamese market, both CBU and domestically assembled products, soon after the epidemic ends.

China has bountiful litchi crop, Vietnam worries about its litchi sales

Vietnam’s farmers have been warned of difficulties exporting litchis to China, which expects a bountiful crop this year.

VN Trade Ministry considers selling farm produce online to China

The Ministry of Industry and Trade (MOIT), in an effort to rescue Vietnam’s farm produce, has decided to organize online trade between Vietnamese sellers and Chinese businesses.