Vietnam reaking news

Update news Vietnam reaking news

Savills releases Logistics Megatrends report

Evolving technology, combined with changing consumer habits, will transform the way e-tailers distribute and deliver products to European shoppers, according to Savills’ latest report.

Fitch affirms stable outlook for five Vietnamese banks

 Fitch has affirmed the long-term issuer default rating (IDR) for Agribank, VietinBank and Vietcombank at “B+” and for Asia Commercial Bank and Military Bank at “B”.

VN's real estate sector sees positive sentiment in 2017

 The real estate market has been recovering since late 2014, said Dang Phuong Hang, managing director of CBRE Vietnam, and it will remain buoyant this year but challenges will begin emerging.

Rise in car imports threatens local automobile production

 Viet Nam imported 19,000 cars in the first quarter of this year, a year-on-year increase of 169 per cent in volume and 82 per cent in value, according to a report from the General Statistics Office (GSO).

In Vietnam, ’bigness’ depends on more than size

 There have been some commentaries on the 2016 Wealth Report which claim Viet Nam is the fastest growing country with a super-rich population, surpassing even India and China.

Vietnam supports domestic automakers

 A multi-sector working team will be set up to evaluate the domestic automobile market in correlation with global regulations and Vietnam’s free trade agreements.

KKR pumps second investment $250m in Masan Group

 Global investment firm KKR, through its Asian Fund II, has reached an agreement to invest US$250 million in Masan Group Corporation and its branded meat platform Masan Nutri-Science.

Vietnamese property attractive to Japanese firms

Japanese enterprises have shown increasing interest in various sectors in Vietnam, especially real estate which is enjoying trending upward, Masakazu Yamaguchi, Managing Director of the Creed Group said.

Shares remain close to 10-year high

 Shares closed almost flat on the two local exchanges on april 3 as strong investor selling hit large-cap stocks after the market reached a 10-year high last week.

Business environment effectively supports firms: PM

 Prime Minister Nguyen Xuan Phuc has assessed that the business and investment environment of Vietnam has been effectively supporting the development of enterprises, pointing a high number of startups and profitable firms. 

RStartups attract investment of $205mn in 2016

 Some 50 Vietnamese startups received $205 million in investment capital last year, a 25 per cent decline compared to 2015.

Philippine firm eyes Saigon Beer stake

San Miguel, Philippines’ largest brewery corporation, is “evaluating and may bid” for Viet Nam’s Saigon Beer Alcohol Beverage Corp (SABECO), company president Ramon Ang told Bloomberg reporters last Friday.

Exchange rate: hard work for VN central bank this year

 Due to developments in both domestic and international economic sectors during the first quarter of 2017, the exchange rate is considered the most unpredictable factor influencing the monetary market in 2017.

Vietnam’s pepper products to be traded on VNX

 The Ministry of Industry and Trade has added pepper to the list of commodities traded on the Viet Nam Commodity Exchange (VNX), according to the ministry’s Decision 1071/QĐ-BCT issued on Wednesday.

VN's top shooters to compete at National Cup

 The National Shooting Cup 2017 kicks off on Monday in Hanoi with the participation of Olympic winner Hoang Xuan Vinh.

Transport Ministry looks to reduce road transport

 The Ministry of Transport will restructure the transport sector towards reducing the market share of road transport and expanding that of other modes, according to a scheme for transport restructuring in 2016-2020 with a view to 2025.

VN apparel firms avoid stock market for now

 Although Vietnamese apparel company movement toward the stock market is an inevitable trend in a market economy, only 30 businesses of the sector’s total of 6,000 have listed so far.

Vietnam's PMI reaches 22-month high, leads ASEAN

Nikkei Vietnam Manufacturing Purchasing Managers’ Index notes continued monthly improvement in manufacturing sector.

AirAsia plans Vietnam venture on Southeast Asia travel boom

 AirAsia Bhd., the low-cost carrier headed by Malaysian tycoon Tony Fernandes, plans to start a Vietnamese carrier in a local partnership, as cheap fares and rising incomes fuel a travel surge in the Southeast Asian nation.

Seafood traders still count cost of Formosa disaster

 Dozens of traders in Ha Tinh Province are facing huge losses as hundreds of tonnes of jellyfish cannot be sold due to the mass fish deaths caused by the Formosa pollution incident.