vietnam business news

Update news vietnam business news

Consumer Confidence Index hits record in Q1

Vietnam's index highest in Asia-Pacific, with country being third-most confident globally.

Red tape results in low ODA disbursement in Vietnam: ADB

Vietnam’s average disbursement rate is much lower than that of other recipients of the Asian Development Bank’s ODA loans, largely due to cumbersome and time-consuming procedures, said Eric Sidgwick, ADB country director for Vietnam.

 

Farms under threat as ASF fails to ease

The continuing threat of African swine fever is showing no signs of retreating, pushing livestock farming and animal feed production companies into huge difficulties and even danger of ­bankruptcy.

Local technology group sells 25 million shares to Samsung SDS

The board of directors of CMC Corporation has approved the issuance of 25 million shares through a private placement for Samsung SDS, the system integration arm of South Korea’s electronics conglomerate Samsung.

 

Saigon Co.op takes over 18 Auchan supermarkets

Saigon Co.op has officially taken over 18 Auchan supermarkets in the country after the French retail group announced its withdrawal last month from the Vietnamese market by selling its loss-making business.

Requiring data to stay on retail track

The retail industry for fast-moving consumer goods has transformed significantly over the past few years.

Measures necessary after SOE audits

Experts are once again warning that if the monopoly of the economy via poorly-performing and loss-making enterprises owned by the state continues, the country’s competitiveness and investment climate will continue being affected as a result. 

Big challenges hinder Vietnam’s largest infrastructure project

The Hanoi-HCM City high speed rail project will benefit the country’s economy, but there are several challenges to implementation of the mega project, including financing, attracting private sector interest and a weak business case.

 

Vietnam's steel industry to face challenges in second half of 2019

Vietnam's steel industry, vietnam economy, Vietnam business news, business news, vietnamnet bridge, english news

Vietnamese banks to seek capital in global markets

Vietnamese banks are seeking to raise capital in international bond markets as they face growing pressure to hike capital to satisfy the central bank's regulations on minimum capital requirements and Basel II standards by early next year.

 

Alliex Holdings to pour $721m into Vietnam’s POS infrastructure

South Korea’s Alliex Holdings plans to invest US$721 million in point-of-sale (POS) infrastructure in Viet Nam in the next five years.

 

Retailers take Asanzo’s products off shelves

Retailers have taken Asanzo-branded items off their shelves after Asanzo Viet Nam Electronics JSC was accused of selling products imported from China as 'Made in Vietnam' goods.

 

Vietnamese PM slashes import/export tariffs under CPTPP

Tariffs on imported products including fruit and frozen foods from six member countries of the CPTPP will be reduced to zero backdated to January 14 this year to 2022.

 

E-Commerce needs a new push to reach rural areas

E-commerce is developing rapidly in Viet Nam but it needs a new push to reach rural areas and help small- and medium-sized enterprises (SMEs) reach customers, experts have said.

 

Foreign investors interested in North-South Expressway project

Many investors from the Republic of Korea, Japan and China are looking to join the North-South Expressway project, according to Deputy Minister of Planning and Investment Vu Dai Thang.

BUSINESS NEWS 28/6

Food company opens trade centre in Czech Republic

 

Vietnam’s Northern key economic zone gains speed

In 2018, Hanoi drew US$7.5 billion of FDI and took the lead for the first time in terms of newly registered capital.

Vietnam takes actions to have EC yellow card removed

Vietnam has taken steps to prevent its fishermen from illegally fishing in foreign waters to meet the EC’s yellow card regulations on unidentified origin products.

Foreign M&A investment doubles on-year

In the first half of this year, foreign investment in M&A deals doubled compared to the same period of last year, hitting $8.12 billion in a total of 4,020 deals.

 

Vietnam’s agricultural sector to face fierce competition

Local firms are set to face fierce competition from EU imports thanks to two upcoming agreements between the two sides.