Economy
Vietnam's Investment Environment Attractive to Chinese Businesses
In 2023, China ranks 4th among countries and territories investing in Vietnam, with a total of more than US$3 billion, leading in the number of new investment projects.
Economy
Potential For Economic Cooperation Between Vietnam And Indonesia
Vietnam-Indonesia still has much potential to promote economic cooperation. To utilize this market well, domestic businesses need to make good use of incentives from free trade agreements (FTAs).
Economy
Economic Uncertainties Continue to Plague Pakistan and GDP Growth Projected to be Less than 2 Percent
Amid an uncertain economic outlook with high downside risks, the private sector’s participation in economic growth remains unnoticeable as it is not borrowing from banks for business expansion.
EVFTA: First batch of shrimp from Vietnam on its way to EU
On September 11, in Ninh Thuan, the first shrimp consignment from Vietnam to several European countries in lines with the EU-Vietnam Free Trade Agreement (EVFTA) commitments has started its long way to the EU.
Vingroup rebuts after rumor of selling Vinschool, Vinmec makes international headlines
As the news of its plan to sell controlling stakes of the medical and education units circulates on international news outlets, including Reuters, CNA, Vietnam's biggest conglomerate Vingroup on Friday afternoon confirmed: “there’s no such decision”.
Vietnam starts charging quarantine and testing fee for anyone entering the country
Passengers entering Vietnam will have to pay a fee for quarantine and PCR tests.
Vietnam’s fruit exports to China decline, but surges to Thailand
According to a recent report of Agricultural Product Processing and Market Development Department (the Ministry of Agriculture and Rural Development), Vietnam’s vegetables and fruits exports reached $2.26 billion in the first eight months of 2020. China has reduced fruit imports, but Thailand has been buying more from Vietnam.
The role of focusing on local wins - Phuong Uyen Tran
The world may be flatter, but that does not mean globalization turns everyone the same. Local traditions are becoming more important.
Vietnam's current account surplus is predicted at 3.7% in 2020
Fitch Solutions, the UK-based financial information services provider forecasts that Vietnam’s current account surplus could shrink to 3.7 percent in 2020 from 4.9 percent last year due to the effects of the COVID-19 pandemic.
ICAEW: Vietnam recovery prospects brightest in Southeast Asia
The recovery prospects look brightest for Vietnam and the country is expected to be the only Southeast Asian economy to record positive growth this year.
FDI inflows into Vietnam will recover after the pandemic
Foreign direct investment (FDI) inflows in Vietnam will soon recover after the Covid-19 pandemic is controlled, according to Takeo Nakajima, the Chief Representative of the Japan External Trade Organisation (JETRO) in Hanoi.
Hoan Kiem district expected to expand overnight business
Hoan Kiem District (Hanoi) plans to reconsider restrictions on operating hours of food, entertainment, and shopping services to develop the night economy.
Vietnam among Samsung’s new TV production sites
Samsung Electronics will shift parts of its TV production to Vietnam following the closure of its sole China TV factory in Tianjin at the end of November.
Vietnam carmaker Vinfast buys GM Holden's testing centre in Australia
Vinfast said on September 9 it had bought GM Holden’s Lang Lang Testing Centre in Australia, as part of its efforts to expand internationally.
Made-in-China silkworms wear fake Vietnam tags for exporting to India
The post-clearance department under the General Department of Vietnam Customs has just reported the case of an enterprise in Ho Chi Minh City which stamps fake Vietnam tag on imported Chinese silkworms in order to export to India.
Family bonds - The part and parcel behind Tan Hiep Phat's success
From a very young age, Phuong Uyen Tran and her siblings were taught that the path to success is to invest every resource into the family business, mentally and financially.
Vietnam – the rising star in FDI attraction
With strong fundamental factors such as a young, dynamic and tech-savvy population, the growing domestic market, the expanding middle class and an open economy, Vietnam continues to offer attractive investment opportunities.
Vietnam automaker VinFast unveils US$198,000 SUV
Priced at US$164,000, the luxury VinFast President went on sale on September 7. The first 100 customers will get a 17 percent discount on the price,
Japanese investors shifting to Vietnam to diversify supply chain
Japanese Consulate General in Ho Chi Minh City (HCMC), Mr. Watanabe Nobuhiro said that many Japanese companies have decided to move to Vietnam due to its improved business environment.
Vietnam welcomes Japanese enterprises to expand investment in the country
On September 7, Prime Minister Nguyen Xuan Phuc held a dialogue with Japanese economic groups and enterprises keen to expand investment in Vietnam.
Samsung to shut down its sole TV-manufacturing factory in China by November
Samsung Electronics has announced on Monday that it will halt production at its only TV factory in China by the end of November.
Vietnam to slash 2020 GDP growth target by half due to COVID-19 pandemic
Nikkei Asian Review has recently run an article saying that the Vietnamese government is supposed to reduce 2020 economic growth target to 2% to 2.5% due to the serious impacts of the COVID-19 pandemic.
Forbes: No US trading partner has faster growing economy than Vietnam over past 20 years
According to Forbes, Vietnam gets its way into the top 2 of the US trading partners with the fastest growing economy since the beginning of the year.
