Economy
China’s property crisis leaves trail of ghost cities in Malaysia and Cambodia
Malaysia’s Forest City and Cambodia’s Sihanoukville have suffered immensely from China’s property sector crisis. From the half-finished structures of Forest City in Johor, Malaysia, to the desolate shores of Sihanoukville, Cambodia, the narrative of China's real estate giants reflects unbridled ambition and dire consequences. Both locales are now labeled as ghost cities.
Economy
India boosts anti-submarine warfare, successfully tests 'Supersonic Missile-Assisted Release of Torpedo' system
When China recently launched the first of eight Hangor II submarines for Pakistan at the Wuchang Shipbuilding yard in Wuhan, India moved another step forward to enhance its Navy's anti-submarine warfare capability by conducting a successful test of the Supersonic Missile-Assisted Release of Torpedo (SMART) system.
Make in Vietnam
Huge Potentials, Opportunities for Vietnamese Products in African Market
The 10th African Investment, and Commerce Forum facilitated hundreds of business-to-business meetings, fostering partnerships and collaboration among stakeholders seeking entry to the African market.
Telecom and IT industry have potential for high growth in the next five years
Five sectors in Vietnam including telecoms, information and technology, clean agriculture, clean technologies, retail, healthcare and pharmaceuticals have potential for high growth in the next three years.
Vietnam labor market warm up as coronavirus recedes
Vietnam labor demand is rising as companies resume activities after a long hiatus caused by the coronavirus pandemic.
Prime Minister: Vietnam is considered a safe investment destination
Many investors consider Viet Nam a safe investment destination with a lot of advantages after the COVID-19 pandemic is pushed back, heard a Government meeting chaired by Prime Minister Nguyen Xuan Phuc in Ha Noi on Friday.
Vietnam’s property market to receive foreign investment inflows post-COVID-19
Vietnam’s property market is likely to receive inflows of foreign investment after big countries encourage their companies to relocate manufacturing bases out of China due to the global pandemic.
If ‘Made in Vietnam’ does its miracle for ‘Made in China’ replacing as Vietnam did?
As US seeks to decouple from China, it's a reach to think Vietnam will easily become the world's next factory floor. But how it happens still remaining doubts and causing controversial opinions and predictions.
Vietnam's meat imports increases sharply in the first 4 months
Viet Nam has imported US$1.36 billion worth of meat and meat products in the first four months of the year, a 17.6 per cent year-on-year increase.
Bloomberg: Vietnam Could Sustain Growth of 4-5%, Prime Minister Says
The bloomberg, the bnnbloomberg.ca and bloombergquint simultaneously report an article on Vietnam economy's potential growth that: "Vietnam Prime Minister Nguyen Xuan Phuc said the export-dependent economy could sustain growth of 4-5% this year as the government looks to attract more foreign investment from businesses seeking to readjust their supply chains".
World Bank Director: Optimizing the recovery journey ahead for Vietnam
As the old saying goes, “What does not break you makes you stronger.” This is so true for Vietnam, not only throughout its rich history but also in the current context, according to Ousmane Dione, Country Director for Vietnam World Bank.
Vietnam F&B enterprises dominate the FAST500 ranking for 2020
Food and beverage enterprises dominate the FAST500 ranking of enterprises for 2020 compiled by Vietnam Report (VNR).
US economy may enter a severe recession
Officials are worried about the “substantial likelihood” that there could be more outbreaks of the coronavirus, which could lead to a long and severe recession for the US economy.
Nikkei: Panasonic to retreat its plant from Thailand shifting to Vietnam
Nikkei Asian Review has learned that Panasonic, the Japanese multinational electronics, is planning its appliance factory basing near Bangkok Thailand to a larger one in Vietnam for better efficiency.
Vietnam to further enhance trade with India
Việt Nam has a lot of potential to export goods to India, one of the most populous countries in the world with nearly 1.4 billion people.
SBV provides license to 2 more intermediary payment services in Vietnam
The State Bank of Viet Nam (SBV) has issued licences to two non-banking organisations to provide intermediary payment services.
Vietnam credit growth forecasted to reach 9-10% in 2020
Credit growth would likely reach only 9-10 per cent this year against 13 per cent last year if the country’s infrastructure investment was good, experts forecast.
5 million made-in-Vietnam personal protective equipment arrives in New York
5 million made-in-Vietnam personal protective equipment (PPE) were handed over to the New York government last week.
Vietnam-EU trade agreement supports Vietnam's economy to recover from pandemic
The trade agreement with E.U. could boost Vietnam economy to recover from pandemic impacts by boosting trade and creating jobs, the government says.
Vietnam strengthens international cooperation for the marine economy's sustainable development
Prime Minister Nguyen Xuan Phuc has approved a project on strengthening international cooperation for sustainable development of Viet Nam’s maritime economy by 2030.
Ambassador: After COVID-19 rains, skies between Vietnam and RoK will be bright again
Korean Ambassador to Vietnam Park Noh-wan has written an article on the relationship between the Republic of Korea (RoK) and Vietnam. Following is the full text of the article.
Fresh regulations for temporary import and re-export goods in Vietnam
The Ministry of Industry and Trade issued Circular 09/2020/TT-BCT stipulating the roadmap for applying import – export border gate for temporary import and re-export goods, transshipment and depositing in bonded warehouses. From January 1, 2021, temporary import and re-export goods via land borders must follow regulations on designated border gates.
Promising future for mobile money in Vietnam
The Vietnam government is moving ahead with a plan to put mobile money into use to reduce social contact and cash circulation.
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