Economy
IMF Expert: Vietnam Remains Attractive Destination for Foreign Investors
Vietnam remains an attractive destination for FDI while the global economy fluctuates and geopolitical instability increases, said an IMF expert.
Economy
World Bank: Vietnam's Economy Recovers Gradually
According to the latest 6-month economic report of the World Bank (WB) published on April 23, Vietnam's economy is showing different signs of recovery, with growth forecast to reach 5.5% in 2024, and gradually increase to 6.0% in 2025.
Economy
ASEAN Future Forum and India's Role in Indo - Pacific Stability and Prosperity
Indian Foreign Minister Dr. S. Jaishankar emphasized the importance of a strong and united ASEAN for regional stability in the Indo-Pacific during his virtual address at the first ASEAN Future Forum on Tuesday.
Vietnamese shrimp exports to EU expected to surge in remaining months of 2020 thanks to EVFTA
Vietnamese shrimp exports to the EU market is forecasted to surge during the remaining months of the year following the enforcement of the EU-Vietnam Free Trade Agreement (EVFTA) in early August.
VietJet Air’s CEO named among 100 people transforming business in Asia
Vietjet Air CEO Nguyen Thi Phuong Thao has been the only Vietnamese to be included in the list of 100 People Transforming Business in Asia in 2020 by Business Insider.
Made-in-Vietnam goods promoted in Japan's top largest supermarket chain
AEON has provided technical support to improve the production capabilities of Vietnamese suppliers, helped them access Japanese customers and increased the purchase of Vietnamese goods to sell at its stores in Japan and elsewhere.
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.
