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Outdated policies deter Vietnam’s sharing economy development

It is necessary to identify, implement and build management models for sharing economy applications in the country’s major sectors such as banking and transport.

VIETNAM BUSINESS NEWS OCTOBER 18

Companies issue $7.7b worth of bonds in nine months

Amazon launches local team to support Vietnamese enterprises go global

The launch of Amazon Global Selling team in Vietnam continues to solidify its efforts in supporting the local business community, said Amazon’s Regional Director for Southeast Asia Bernard Tay.

Hundreds of fruit trucks jam northern border gate

As many as 500 container trucks loaded with thousands of tons of farm produce, mostly dragon fruit, have been stuck at the border gate of Tan Thanh in Lang Son Province since October 15.

Worker exodus worries Binh Duong Province, Japanese companies

More welfare policies are needed to attract workers to the southern province of Binh Duong and persuade them to stay.

Consistent policies key to draw foreign investment into Vietnam: officials

European and American investors were concerned by the lack of rigid policies on corporate transparency and intellectual protection.

Vietnam Business Summit 2019 opens in Hanoi

The Vietnam Business Summit 2019 (VBS 2019), one of Vietnam’s biggest international business-related events, opened in Hanoi today.

Vietnamese SOEs must reform and invest in technology

State-owned enterprises (SOE) must strive to reform and become innovation centres in today's modern economy.

Vietnam urged to respond to Moody’s review to downgrade rating

For Vietnam, the issue is not the lack of money to pay debt, but the inefficient coordination among government agencies, a point that Vietnam must improve on.

Vietnam’s yarn industry under pressure from US – China trade war

Vietnam`s yarn export turnover only rose slightly by 3% year-on-year compared to the growth rate of 14% in the same period last year.

VIETNAM BUSINESS NEWS HEADLINES OCTOBER 17

Yellow card pushes seafood industry developing sustainably

 

Vietnam is one of the easiest places to start a business in Southeast Asia: Olam

A big advantage was Vietnam’s absence of tariffs and its position as a “gateway” to ASEAN.

Samsung no longer driving force for Vietnam’s economy

Securities company KB Securities projected Vietnam’s GDP growth in the fourth quarter of 2019 to reach 6.95 - 7%, leading to the whole-year growth at nearly 7%.

Aviation rules must follow international standards

Luu Binh Nhuong, deputy director of the National Assembly Commission for People’s Aspirations, speaks about the need for the Vietnamese airline market to follow international standards.

VIETNAM BUSINESS NEWS HEADLINES OCTOBER 16

Plastics industry confident of achieving 3.2 billion USD export target

High quality FDI enterprises are welcome

Professor Tran Anh Tuan, a member of the Vietnam National Assembly's Economic Commission, talks to Vietnam Investment Review about how to attract more foreign investment into the country.

Vietnam projected to have all-time high net car imports of US$3.4 billion

Car imports would continue to increase due to stronger demand from the domestic market, causing negative impacts on local car production and the country’s trade balance, said the Ministry of Industry and Trade.

Vietnam spends over US$10 billion paying government debts in Jan-Sep

Upon breaking downs, the government spent VND195.7 billion (US$8.43 billion) on paying domestic debts and VND41.2 trillion (US$1.77 billion) on foreign debts.

Expert warns of impact of Vietnam’s slowing industrial activities on GDP growth

Vietnam's headline PMI from Markit’s survey and month-on-month IPI indicated slowing industrial activities in September, potentially causing negative impacts on GDP growth in the remaining months of the year.

 

VN runs US$ 7.15 billion trade surplus in nine months

In the second half of September (from September 16 to September 30), Viet Nam’s export turnover hit US$ 24.07 billion, up 16.2% against the first half of September.