vietnam business news

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BIDV, Vietcombank, and Vietinbank amass nearly $2 billion in bad debts

Growing bad debts reaching hundreds of millions of US dollars keep pressuring BIDV, Vietcombank, and VietinBank.

 

BUSINESS NEWS 6/8

Vietnam has high demand for automotive robotics solutions

 

New association aims to untangle legal impasse

In alignment with improvements in investment policies, both domestic and foreign investors are expected to approach the most comprehensive legal consultancy services on investment in Vietnam.

Local fruit strives to win back domestic market

The total value of Vietnamese fruit market is estimated at $20 to $30 billion. However, this thriving market seems to be neglected by agro firms, while there have been more and more imported fruits showing up in Vietnamese people’s fridges.

BUSINESS NEWS 5/8

Enhancing competitiveness for agricultural products

 

VN estate market expected positive growth in year-end months

More positive signs would appear in HCM City’s property market in the year-end months despite difficulties in the first half of the year, said Chairman of the HCM City Real Estate Association Le Hoang Chau.

 

Good short-term effects for Vietnam after Fed's rate cut

The US Federal Reserve’s latest rate cut will benefit commodity and equity markets in the short term, according to specialist Nguyen Tri Hieu.

 

Ministry of Construction urges strengthening of anti-money laundering in realty

The Ministry of Construction has requested its department in cities and provinces urge enterprises in the real estate sector to report suspicious transactions and cash transactions worth VND300 million and above.

 

Labour-related difficulties lie ahead for Vietnamese textile firms

Vietnamese textile and apparel firms are facing tough times expanding their businesses, especially in terms of human resource development, experts said on Friday.

 

VN stocks forecast to move down in August

The Vietnamese stock market last week suffered after having rallied for four consecutive weeks amid negative news from the international markets.

 

BUSINESS NEWS 4/8

Hanoi Gift Show 2019 to feature handicraft products

Cashless payments making steady inroads

Attempts to date to move the population away from their preference for cash need to be continually built upon.

 

North-South Expressway bidding to be public, transparent

The bidding for the North-South Expressway will be conducted publicly and transparently in order to select qualified contractors.

 

Trade ministry gathers feedback for Made-in-Vietnam draft circular

The Ministry of Industry and Trade is seeking feedback for a draft circular specifying the criteria for recognizing products and goods that are made in Vietnam.

 

US remains largest importer of Vietnam in seven months

The US was the largest importer of Vietnam in the first seven months of 2019 with a turnover of 32.5 billion USD, a year-on-year surge of 25.4 percent, according to the Ministry of Industry and Trade.

 

US-China trade war brings price drop for US imports in Vietnam

The prices of seafood and fruits imported from the US into Vietnam have drastically decreased due to a US-China trade war.

BUSINESS NEWS 3/8

FDI into Vietnam falls 13.4 percent in seven months

Most labour strikes occur at FDI enterprises: report

More than 80 percent of strikes in the first half of the year occurred at foreign direct investment (FDI) enterprises.

 

Vietnamese billionaire among world’s 200 richest people

Billionaire Pham Nhat Vuong has for the first time moved up to the top 200 of the Forbes’ rich list as of July 31.

 

Vietnam’s top 10 most valuable brands in 2019

Food and beverage industry and telecommunications continued to dominate the list of Vietnam’s top 10 most valuable brands in 2019 with the most representatives.