vietnam business news

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Renewable energy to dispel outages

Vietnam is forecast to face bigger power shortages after 2020 due to many power projects in the revised master power plan falling behind schedule, especially in southern provinces. 

Boosting financing for Vietnam’s onshore and offshore wind power projects

Vietnam is set for wind energy expansion, with over a gigawatt expected to be installed by 2021. 

CMSC eyes VNPT, MobiFone, and other 17 state-owned companies

MobiFone, VNPT, and the other 17 companies have been exposed to the gunfire of the Commission for Management of State Capital at Enterprises’ (CMSC) financial supervision.

 

Divorce dispute keeps pulling down Trung Nguyen

The three-year divorce dispute keeps dragging down local coffee giant Trung Nguyen, which reported only half of its 2017 profit in 2018.

 

Vietnamese startups to reach unicorn status soon

As Vietnam, one of the hottest startup hubs in the world, is welcoming a huge wave of venture capital, its tech startup firms are expected to quickly reach the unicorn status, which means they are valued $1 billion or more.

 

African swine fever could bankrupt VN livestock sector

African swine fever has not only caused livestock farming households to fall into debt, but has also made it difficult for animal feed dealers to collect their payments.

 

Vietnamese banks' IPO plans pushed back again

The long-awaited listing of many large Vietnamese banks has once again been delayed as banks wait for market conditions to improve.

Only 32% of Vietnamese consumers trust personal data security

Only 32 percent of consumers in Vietnam believe their personal data will be treated in a trustworthy manner by organisations offering digital services, according to a study recently released by Microsoft and IDC Asia Pacific.

 

BUSINESS NEWS 19/6

HCM City to host 2nd Vietbuild expo of 2019

 

Pilot shortage puts Vietnam’s booming aviation industry in trouble

Over the past few years, Vietnam’s aviation market has been sustaining a two-digit growth rate, while the introduction of new airlines has also put high quality personnel in the industry on high demand.

 

Foreign funds projected to increase Vietnam’s weights in near future

Six biggest funds, managing a combined of US$2.4 billion in assets, that benchmark to MSCI Frontier Market Index, may add Vietnam market weights in the near future.

 

World fast-food revenues slow in Vietnam, struggling to lure local consumers

The downward trend in the growth rate of the leading fast-food chain stemmed from market changes, consumer’s mindset as well as the emergence of alternative segments.

 

Tax implications of cross-border trade

"Decree 20 also gives the tax authorities the power to use internal databases for TP assessment purposes in the case of a taxpayer being deemed non-compliant with the requirements of the decree."

Sharp to relocate PC production facility from China to Vietnam

Japan’s electronics maker Sharp is planning to shift production of personal computers from China to Vietnam for shipment to the United States, NHK reported.

Vietnamese banks hurry to implement Basel II in 2019

A bunch of Vietnamese banks are in the race to meet the requirements on capital adequacy ratio (CAR) following Basel II standards right in 2019, one year earlier than the deadline for implementation on January 1, 2020.

 

Foreign investors pour money into Vietnam’s e-commerce despite big losses

Many foreign giants have continuously invested in leading e-commerce sites in Vietnam even as they incur big losses as they continue to see the long-term potential of the country’s rapidly expanding online shopping sector.

Actual FDI to Vietnam in 2019 projected to hit US$22 billion in 2019

Main sources for FDI growth in Vietnam in the near future would come from South Korea, China, Taiwan and Hong Kong (China).

 

 

Mopeds heat up Vietnamese motorbike market

Due to the cheap price, some businesses admitted that the quality of mopeds is quite poor and the engines would be downgraded after a time in use.

 

Major trends in Vietnam’s consumer market

Vietnam’s middle class - the foundation of consumers - is rising fast: in 2030, 49% of households will have annual disposable income of US$5,000 to US$15,000, an increase of 33.8% from that in 2018.

Why is wind energy more cost-competitive in Vietnam?

Local supporting policies together with global advanced technologies will help drive down input cost for wind power projects.