vietnam business news

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Impacts of the sharing economy

The sharing economy has brought countless benefits to the market, economy, consumers, as well as governments which set down the path of implementation.

Vietnam implementing de-dollarization policy

Since October, Vietnamese and foreign commercial banks are no longer allowed to provide mid- and long-term foreign currency loans. 

Vietnam projected to be among world’s top 10 remittance recipients in 2019

Remittances, along with foreign direct and indirect investment, and official development assistance are major sources of Vietnam’s foreign currency supply.

VIETNAM BUSINESS NEWS HEADLINES OCTOBER 24

Foreign investment disbursement reaches 23.2 percent

 

North-South expy fails to find investors despite relaxed requirements

Concerns over capital recovery, difficulty in accessing bank loans and the scant number of vehicles traveling on projected roads have discouraged local investors from joining the project to build eight sections of the north-south expressway.

Vietnam attracts investors in the face of economic uncertainty

Despite the slowdown in global deal-making due to ongoing worldwide economic uncertainty, Vietnam remains active in M&A in 2020, according to a new report by Baker McKenzie.

 

Vietnam slips further in WB’s Doing Business 2020 ranking despite scoring higher

Vietnam has made significant improvements in getting credit and paying taxes, resulting in increases of 5 and 6.1 points against last year’s results.

Vietnamese Govt proposes borrowing US$19.9 billion next year

The Government has proposed borrowing VND459.5 trillion (US$19.9 billion) next year to make up for the State budget deficit, increasing regular expenditures and social insurance debts.

Vietnam’s Kite Air scheduled for commercial operation in Q1/2020

Vietnam’s Ministry of Transport supports the establishment of Kite Air as room remains large for airlines utilizing small airports, in turn meeting Vietnam’s huge transport demands.

Vietnam’s automation still lags behind other countries: experts

Many projects in the automation sector are on par with the international level, but Vietnam is still lagging far behind other countries in putting them into service, said Le Hoai Quoc, chairman of the HCMC Automation Association.

Inclusive business helps Vietnam keep up with changing market

The United Nations Development Program (UNDP)-supported business model makes both ‘social’ and business sense.

Amended laws need to guarantee foreign investor rights in Vietnam

The guarantee of foreign investors` rights is a key to the investors as regulations had been changed frequently, making it harder for them to invest in Vietnamese assets, according to an expert.

Nearly 400 vehicles transporting farm produce remain stuck at Vietnam-China border gate

Hundreds of trucks carrying fruits are now stuck at the Vietnam-China border gate of Tan Thanh in Lang Son Province.

Real estate loans make up 1/5 of total outstanding loans in Vietnam

The 14.58% growth rate is higher than the average credit growth of the economy.

Vietnam’s government to pay US$16 billion in debts in 2020

The government has set targets for public debts, government debts and foreign debts to ensure they are within the limit and lower than the national financial plan in the 2016 – 2020 period.

Vietnam allocates US$4.7 billion for Phase 1 construction of new mega airport

During the first phase of the construction, the work items include a runway, a passenger terminal with handling capacity up to 25 million people and a cargo terminal for 1.2 million tons of goods annually.

Vietnam’s auto industry needs breakthrough policies to close gap with regional peers

Without the presence of strong policies, Vietnam faces the risk of losing the majority share of domestic car markets to foreign players, said an expert.

Over 80% of executives in Vietnam’s manufacturing businesses seek new jobs

Experienced candidates, aged 40 and over, are expected to have the highest demand for jobs by the end of 2019.

Vietnam should be cautious about environmental impact investment: JICA

Inflows from emerging countries might fail to meet environmental protection requirements.