vietnam economy

Update news vietnam economy

Electronics, seafood and garment industries to benefit the most from EVFTA

Vietnam is the second country in Southeast Asia, following Singapore, that has signed an FTA with the EU.

Will used luxury cars be offered at reasonable prices in Vietnam?

With preferential tariffs beginning in 2020, used luxury cars from CPTPP-member countries will be available in Vietnam.

Which investors are pouring money into agriculture?

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).

Big capital still being invested in e-commerce despite difficulties

With an annual growth rate of 30 percent, Vietnam’s e-commerce market is expected to have value of $15 billion by 2020.

BUSINESS NEWS HEADLINES MARCH 15

Industrial production grows in first quarter if COVID-19 ends: GSO

BUSINESS NEWS HEADLINES MARCH 14

Textile and garment firm sets higher earnings targets for 2020

Aternative suppliers hard to find during Covid-19

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.

200 pilots at Vietnam Airlines lose flight hours

With 40 aircrafts left idle, about 200 pilots of Vietnam Airlines have had few flight hours.

Vietnam endeavors to combat trade fraud

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.

BUSINESS NEWS HEADLINES MARCH 13

Shareholders’ meetings to proceed as usual, say firms

 

Vietnam achieves trade surplus of almost $2b in two months

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.

 

Loosening monetary policy means ‘trying to extinguish fire with oil’

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.

State-owned groups, general corporations report big losses due to Covid-19

Enterprises in the transport sector have suffered the most from the epidemic.

VN banks’ asset quality worsens because of Covid-19

Experts have warned that the epidemic would lead to increased risk in asset quality.

VN Index falls amid Covid-19 fears

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.

BUSINESS NEWS HEADLINES MARCH 12

VN extends safeguard measure application on imposed fertiliser

EVFTA brings opportunities to escape reliance on Chinese market

The next-generation FTA with the EU is believed to pave the way for Vietnam to diversify export markets and ease reliance on China.

BUSINESS NEWS HEADLINES MARCH 11

VN central bank ceases bill issue for first time in nearly two months

 

VN real estate firms struggle amid Covid-19 epidemic

The coronavirus epidemic has caused a shock to global tourism, seriously affecting hotels and resorts.

Vietnam overtakes Thailand in rice exports

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.