vietnam business news

Update news vietnam business news

VN banks sell off collateral on bad loans to recoup losses

A number of commercial banks in Vietnam have successfully recovered trillions of Vietnamese dong in bad debt by selling off collateral in the first half of 2019, according to the Nguoi Lao Dong Online website.

 

Firms need to know their rights

Le Ngoc Lam, deputy director general of the Intellectual Property Rights Office, under the Ministry of Science and Technology, spoke to VNA on the changes in the revised Law on Insurance Business and the Law on Intellectual Property Rights.

FTAs rouse Taiwanese investors

Shih Rui-Chi, representative of the Taipei Economic and Cultural Office in Vietnam, writes about the prospects of Taiwanese investment in Vietnam in the context of the country entering the CPTPP and the EVFTA this year.

AirAsia still seeking partners in Vietnam

Malaysian carrier remains keen on Vietnam's aviation market despite failure of fourth attempt at establishing a low-cost airline.

BUSINESS NEWS 27/7

Tax debts soar in HCM City

 

Vietnam – attractive to RoK banks

Banks of the Republic of Korea (RoK) are accelerating efforts to capture business opportunity in Vietnam – a fast-growing market.

 

Vietnam seeks foreign investment in infrastructure projects

Foreign investors are getting access to various master plans and priority infrastructure projects and hearing directly from policymakers and authorities at the Infrastructure Vietnam Summit that opened on July 25 in HCMC.

 

VN jumps three places in global innovation index

Vietnam has jumped three ranks on the 2019 Global Innovation Index (GII) to place 42nd out of 129 economies around the world.

BUSINESS NEWS 26/7

S.Korea’s KOGAS, US Energy Capital Vietnam to build 3,200-MW-LNG power plant in Vietnam

PetroVietnam seeks resumption of suspended thermal power project

The Vietnam Oil and Gas Group (PetroVietnam) is seeking permission to restart work on the Thai Binh 2 Thermal Power Plant which was suspended following the arrest of related officials for wrongdoings.

 

High speed railway requires careful thought

Cao Sy Kiem, former director general of the State Bank of Viet Nam, talks to the newspaper Kinh tế & Đô thị on the need to think twice before making an official decision on the construction of the high speed North-South railway line.

The dynamics of Vietnam’s M&A market

Vietnam’s mergers and ­acquisitions market recorded steady growth since early last year, buoyed by foreign ­investors who desire a speedy entry into the large market of over 96 million people.

VND to weaken slightly for rest of 2019

The Vietnamese dong (VND) will weaken only slightly during the remaining months of 2019, with the 2019 average predicted to slide to VND23,300/USD, from the previous forecast of VND23,440/USD.

Vietnam seeks foreign investment in ports

Vietnam is encouraging investors from all around the world to develop its ports, according to the Vietnam Maritime Administration.

 

Local aluminium firms urged to tap opportunities from EVFTA

The EU – Viet Nam Free Trade Agreement is expected to bring big opportunities for the Vietnamese aluminium sector; however, experts have said there are still challenges for local firms looking to take advantage.

 

Essential oil project launched in Hoi An

Hoi An has opened its first complex producing non-chemical essential oils, coffee and herb tea from local materials after three years construction at Thanh Ha Industrial Park in the city.

BUSINESS NEWS 25/7

Experts have high hopes for inflation scenarios

Tax tools should be used effectively

The battle against single-use plastic products has not yet delivered any satisfactory results. Solutions are plenty, but what is lacking is their enforcement.

Vietnam among top FDI recipients in ASEAN in 2016-2017

Foreign direct investment flows to ASEAN rose to all-time high of US$137 billion in 2017 from US$123 billion in 2016, according to ASEAN Investment Report 2018.

 

M&A value in Vietnam reaches $5.43 billion in seven months

The value of the merger and acquisition (M&A) deals in Vietnam reached $5.43 billion in the first seven months of this year, according to data released on July 23 by the AVM Vietnam.