vietnam business news

Update news vietnam business news

VN fertiliser stocks nosedive on difficulties

Rising input production costs, unfavourable weather conditions, a saturated domestic market and stiff competition are causing difficulties for fertiliser businesses.

 

VN banks requested to control loans with savings books as collateral

The State Bank of Vietnam (SBV) has asked local commercial banks to tighten control of loans that use savings books as collateral to ensure the safety of the banking system.

 

From trash to treasure: circular economy brings hope

Tran Thi Binh, 60, who lives in Hanoi, has no idea about the circular economy but now brings her canvas bag shopping instead of taking plastic bags from the supermarket.

Vietnam needs to renew property market to lure more foreign capital

Vietnam needs to renew its real estate market to attract more foreign investors and increase the quality of foreign direct investment (FDI) in the sector, according to experts.

 

Local hotel industry faces challenge in technology

The domestic hotel industry will face many challenges during development, especially in the application of technology, according to an expert from Savills Vietnam – a foreign property service provider in Vietnam.

 

Vietnam remains popular destination for foreign investment: AmCham

After more than three years serving as U.S. Consul General in HCMC, Mary Tarnowka has been appointed as executive director of the American Chamber of Commerce in Vietnam HCMC. 

Da Nang to add 4,500 high-end hotel rooms: CBRE

An extra 4,500 four- and five-star hotel rooms will be put into service this year and next in the central coastal city of Danang, according to property service provider CB Richard Ellis Vietnam (CBRE Vietnam).

Chinese imports bearing “Made-in-Vietnam” labels remain rampant

Customs agencies have recently discovered many batches of Chinese products bearing “Made-in-Vietnam” labels.

Automation technology has gained a foothold in Vietnam: expert

PhD Doctor Nguyen Quan, President of the Viet Nam Automation Association, talks to Hà Nội Mới (New Hà Nội) newspaper on the role of automation in Industry 4.0

110 rural industrial products to receive official recognition

A ceremony to honor and grant certificates of recognition for 110 typical rural industrial products is scheduled to take place on September 18 in Hanoi.

State Bank of Vietnam cuts official interest rates

The State Bank of Vietnam (SBV) said the official interest rates will be adjusted down as from September 16.

 

BUSINESS NEWS SEPTEMBER 14

Retail spaces should become co-working offices: JLL

Vietnam to gain $11b from wood and forest product exports in 2019

Vietnam is likely to reach its export turnover target of US$11 billion from wood and forestry products this year as the main season for business is in the last six months of the year. 

Vietnam gas association urges Government to cut red tape

The Vietnam Gas Association has asked the Government to cut red tape for gas trading.

 

Vietnam's Tra fish companies see stock prices plummet

Vietnam's tra fish (pangasius) industry has seen a plummet in stock prices due to falling tra fish prices and volatile export markets.

 

Experts upbeat about Vietnam’s consumption outlook

Vietnam's private consumption growth will remain strong, supported by improvements in the labour market as youth unemployment falls, minimum wages grow and lower inflation levels prevail, experts forecast.

 

Transport ministry proposes State takeover of Airports Corporation of Vietnam

The Ministry of Transport has asked the prime minister to consider a plan to buy out the Airports Corporation of Vietnam (ACV), turning ACV into a wholly State-owned company to ensure national security and defense interests are secured.

 

BUSINESS NEWS SEPTEMBER 13

Wood processing firms should embrace technologies: experts

Door open wide for VN farm produce export to Europe

The recent signing of the EU-Vietnam Free Trade Agreement (EVFTA) has opened the door wider for Vietnamese farm produce to make inroads into the more than 500-million people strong market.

 

BUSINESS NEWS SEPTEMBER 12

RoK investors hail Long An province’s potential for smart city