vietnam economy

Update news vietnam economy

Covid-19 changes positioning of largest securities companies in Vietnam

The number of securities companies that saw profits decrease or took losses in Q1 were much higher than the number of companies that maintained growth.

BUSINESS NEWS HEADLINES MAY 1

Customs clearance resumes at Lang Son border gate

Vietnam warned of risks if it buys oil to store

Though domestic petroleum depots are full, the Vietnam Energy Association (VEA)
wants to buy oil to store.

Will Circular 18, COVID-19 ‘crush’ consumer credit?

2020 may become a ‘nightmare’ for many consumer finance companies, which could see their profits drop sharply because of new regulations and the effects of COVID-19.

Vietnamese dairy brands becoming better known to world consumers

Present in 50 countries and territories, Vietnamese dairy producers are step by step building their positions in the world market.

How will next-generation businesspeople perform?

One third of the sons and daughters of top businesspeople have been given opportunities to run businesses, and most of them have initiated reforms.

New F1 race track has not led to higher land prices

Contrary to real estate investors and businesses’ expectations, one year after the Formula 1 race track kicked off, the real estate market in Hanoi remains at a standstill.

Where should investors put money in during the Covid-19 period?

Experts say investors should target investment channels with high liquidity such as savings accounts, gold and dollars, and wait patiently for opportunities with stocks.

During Covid-19, agriculture becomes pillar of the economy

The Covid-19 pandemic continues to cause exports to stagnate. Coffee growers in the Central Highlands are experiencing many hardships.

With tax and fee decreases, automobiles will be cheaper than ever

If the government agrees to slash taxes and fees for domestically assembled cars, this will be a ‘doping dose’ for domestic automobile manufacturers and consumers.

BUSINESS NEWS HEADLINES APRIL 28

Drastic changes needed in farming practices to access EU market

 

Shrimp demand rises but Vietnamese processors lack materials

Fearing a slump amid the epidemic, Vietnamese farmers are hesitating to begin new shrimp hatchery crops.

Despite Covid-19, VN banks continue to recruit new staff

Commercial banks are seeking more workers even though the economy has been hit hard by the pandemic. Recruitment notices say banks need both officers and medium- and high-ranking managers.

Will the VN Index recover after Covid-19?

Experts all think the appearance of a new cash flow for bottom fishing will help the stock market recover after a strong correction during Covid-19.

Vietnam’s startups raise funds amid pandemic

Foreign funds are still pouring millions of dollars into Vietnamese startups because many believe they will see a startup boom when the pandemic ends.

Vietnamese enterprises proactive in coping with pandemic

Businesses have taken measures to minimise the adverse effects of the COVID-19 pandemic, said a research committee on private firms under PM Nguyen Xuan Phuc’s Advisory Council for Administrative Procedure Reform.

 

VN food companies make innovative products from excess farm produce

Vietnamese food inspired on COVID-19 has been praised by international media.

BUSINESS NEWS HEADLINES APRIL 27

How to eliminate trade conflicts after implementation of EVFTA

More foreign fashion brands come to Vietnam

Following Zara and H&M, Uniqlo has arrived in Hanoi following its earlier opening in HCM City.

State-owned banks told to sacrifice profits to support businesses

Deputy Governor of the State Bank Dao Minh Tu said at a conference between the Prime Minister and ministries’ leaders that state-owned banks will have to sacrifice 30-40 percent of profit to help businesses cope with Covid-19.