vietnam business news

Update news vietnam business news

Insurance market heats up with series of great deals

A lot of high-value M&A deals carried out this month and announced for the time coming are making the insurance market more vibrant than ever.

 

Expert calls Vietnam’s shift to renewable energy indispensable

Vietnam should intensify efforts to develop renewable energy in an effort to participate in this indispensable worldwide trend, said Nguy Thi Khanh, director of the Green Innovation and Development Center.

 

Go-Viet CEO Le Diep Kieu Trang quits

Ride-hailing firm Go-Viet has announced a leadership change, with Le Diep Kieu Trang resigning as chief executive officer of the firm from October 11. Trang has worked at Go-Viet for only five months, the local media reported.

 

BUSINESS NEWS SEPTEMBER 29

Spanish firm invests $43m project in Hue

Vietnam bond yields down: ADB

Local currency (LCY) government bond yields in Vietnam trended lower between June 1 and August 15, leading the entire yield curve to shift downward, according to the latest issue of the ADB’s Asia Bond Monitor.

 

Vietnam expected to overtake China in leather, footwear exports to U.S. market

Leather and footwear exports will reach over US$22 billion this year, as Vietnam is expected to overtake China as America’s number one supplier in these sectors.

 

Thailand’s rice subsidy program may affect Vietnam: rice operators

Thailand has passed a plan to allocate its budget of 21.5 billion baht to help stabilize rice prices for Thai farmers. This subsidy program may affect rice exporters including Vietnam, according to local rice operators.

 

Payments by ewallets, ATM cards remain low in Vietnam

Online shoppers still prefer using cash on delivery (COD) instead of ewallets, credit cards or ATM cards to pay for their purchases.

 

StanChart projects Vietnam’s GDP growth at 6.9% until 2021

Vietnam is believed to be an ASEAN outperformer this year, with GDP growth projected at 6.9%.

Rising automobile imports put domestic sector at risk: expert

Some experts and government units have voiced concern over the future growth prospects of the local automobile sector due to the upsurge in car imports from foreign markets in recent months.

 

Bamboo Airways to go IPO next year

Bamboo Airways, a subsidiary of real estate developer FLC Group, is planning to issue an initial public offering (IPO) in 2020 to serve its expansion plans.

 

Huge challenges awaiting Vietnam's digital banking

Rising number of Internet users and mobile phone subscribers is smoothing the way for digital banking in Vietnam to thrive, but huge challenges keep lying ahead, according to insiders.

 

Vietnam's inflation around 3.3 – 3.5 percent this year: Deputy PM

Deputy Prime Minister Vuong Dinh Hue said at a conference yesterday that if there are no unexpected factors, this year’s inflation can be kept at around 3.3 – 3.5 percent.

 

BUSINESS NEWS SEPTEMBER 28

 Solutions needed to facilitate export of goods and services to ASEAN 

FPT’s profit up 28 per cent in first 8 months

IT giant FPT Corporation reported revenue and pre-tax profit of VND17 trillion (US$726 million) and nearly VND3 trillion in the first eight months of this year, up 21 per cent and 28 per cent, respectively.

 

Vietnam Airlines and ST Engineering Aerospace team up for aircraft maintenance service

Vietnam Singapore Technologies Engineering Aerospace (VSTEA), a joint venture between Vietnam Airlines Engineering Company (VAECO) and ST Engineering Aerospace, was introduced in Hanoi on Thursday.

PetroVietnam becomes most profitable corporation in Vietnam

Reporting 50.6 trillion VND (2.17 billion USD) in before-tax profit in 2018, the Vietnam Oil and Gas Group (PetroVietnam) has become the most profitable corporation in the country.

 

VN public spending lags behind plan

Total public investment spending reached VND192 trillion (US$8.25 billion) from January-September, the Ministry of Finance reported at an online meeting yesterday.

Vietnam to promote use of LNG in power industry

The Vietnamese Government and Ministry of Industry and Trade planned to create favourable conditions for Japanese enterprises to research, survey and deploy liquefied natural gas (LNG) projects in Vietnam as it attempted to develop its use

Korean convenience store chain CU to open in Vietnam

Major convenience store chain CU from South Korea will open its stores in Vietnam, following the success in Mongolia.