vietnam business news

Update news vietnam business news

Prolonged trade war threatens local market

Shares are forecast to suffer this week after negative developments in US-China trade relations.

Bancassurance becomes main service earner for banks

Instead of the modest contribution made previously, the insurance business segment, or bancassurance (banks co-operate with insurers to sell insurance products), has now become the main source of income from service activities for many banks.

Convenience stores expected to be the next big thing in franchising in Vietnam

After food and beverage and other sectors, it is the turn of convenience stores franchisers to eye the huge Vietnamese market.

Banks keen on green projects

Green credit is a trend in the global banking and finance industry and more Vietnamese banks are following suit.

VN food and beverage sector draws foreign firms’ interest

Vietnam has become an increasingly attractive destination for international enterprises in the food, beverages and packaging industry thanks to its rapid economic growth and rising consumer demand.

Is there space for Vietstar Airlines?

Will the sixth airline be able to make things happen in the market with five other competitors?

Banks cut priority loan interest rates

Soon after the US announced a 0.25 % cut in the benchmark interest rate on July 31 seven Vietnamese banks, including State-owned lenders, announced a cut in interest rates on dong loans of at least 0.5 % to firms in the Government’s priority sectors.

BUSINESS NEWS 12/8

Agricultural export value up 2% in first seven months of 2019

China yuan depreciation puts VND under pressure: experts

A currency war could break out among a number of countries, Nguyen Tri Hieu, a finance expert told the press recently.

BUSINESS NEWS 11/8

Concerns arise as Chinese P2P companies flee to Vietnam

 

Legal stability required for condotel investment

In recent years, the concept of the condotel has dominated the real estate market in Vietnam, and generated a wave of interest in this type of real estate investment.

Digital the only way forward

It's clear that digitalization is a prerequisite for local banks to survive and develop in the new era.

Industry Ministry urges bidding mechanism for solar power projects

The Ministry of Industry and Trade has called for a pilot scheme on realizing a bidding mechanism for solar power projects in 2020 prior to the official launch and widespread implementation of such bidding as from 2021.

Eight reasons behind gap in Vietnam’s productivity level and regional peers

GDP growth based on high productivity is the way forward for Vietnam to maintain rapid and sustainable economic growth, said head of Vietnam’s General Statistics Office.

 

Promising signs ahead for Singapore-led FDI

Together with traditional interests in real estate, manufacturing, infrastructure, and healthcare, Singaporean investors are now venturing into other emerging sectors such as startups, smart cities, Industry 4.0, and consumer and lifestyle.

BUSINESS NEWS 10/8

Five products to see stronger export to EU: ministry

Mobile payments reshaping VN banking

Vietnam is experiencing a boom in mobile payments as more and more e-wallet providers have aggressively joined the market.

Vietnam’s startup scene picks up pace

Foreign funds tend to pour a great deal of money into Vietnamese startups with novel ideas.

Vietnamese agriculture strengthened by M&A

With the country’s agricultural sector pursuing greater sustainable development, mergers and acquisitions are helping the sector create positive changes thanks in part to the support of high technology.

China's prolonged falling yuan may harm Vietnam's trade

China’s yuan (renminbi) has remained above the sensitive level of seven to the US currency for the last three days, hinting that trade friction between the US and China is entering a dangerous phase.