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Update news vietnam economy
Vietnam is the second country in Southeast Asia, following Singapore, that has signed an FTA with the EU.
With preferential tariffs beginning in 2020, used luxury cars from CPTPP-member countries will be available in Vietnam.
Tran Ba Duong, a member of top 10 stock billionaire, president of Thaco, an automobile manufacturer, has joined hands with the ‘King of Catfish’ Duong Ngoc Minh, president of Hung Vuong Group (HVG).
With an annual growth rate of 30 percent, Vietnam’s e-commerce market is expected to have value of $15 billion by 2020.
Industrial production grows in first quarter if COVID-19 ends: GSO
Textile and garment firm sets higher earnings targets for 2020
Because of the Chinese supply interruption in Covid-19, Vietnam’s enterprises have tried to import materials from Japan and South Korea. But the two countries have also been suffering from the epidemic.
With 40 aircrafts left idle, about 200 pilots of Vietnam Airlines have had few flight hours.
The government of Vietnam’s effort to combat trade fraud has been highly appreciated by trade partners as Vietnam’s exports to important markets continue to be welcomed.
Shareholders’ meetings to proceed as usual, say firms
Vietnam gained a trade surplus of US$1.82 billion in the first two months this year despite strong impacts of the COVID-19 pandemic, said the General Department of Customs.
Many experts believe that loosening the monetary policy won’t help much in the context of Covid-19, saying that it will do more harm than good.
Enterprises in the transport sector have suffered the most from the epidemic.
Experts have warned that the epidemic would lead to increased risk in asset quality.
Securities companies have launched many support packages and incentives to retain investors while waiting for state management agencies to apply measures to revive the stock market.
VN extends safeguard measure application on imposed fertiliser
The next-generation FTA with the EU is believed to pave the way for Vietnam to diversify export markets and ease reliance on China.
VN central bank ceases bill issue for first time in nearly two months
The coronavirus epidemic has caused a shock to global tourism, seriously affecting hotels and resorts.
TREA, the association of Thai rice exporters, on February 12 said Thailand may lose its position as the second largest rice exporter when setting up the goal of exporting 7.5 million tons this year, a 7-year low.