vietnam business news

Update news vietnam business news

HCM City Stock Exchange's market cap equals 57% of GDP in H1

Foreign investors remained net buyer in the January – June period with total amount of 201 million shares worth VND10.1 trillion (US$435.05 million).

VN Gov’t orders review of grid overload caused by solar farm boom

Prime Minister Nguyen Xuan Phuc has tasked the Ministry of Industry and Trade with reviewing media reports that many solar farms are operating below capacity due to the national grid overload.

Five-star hotels outperform four-star hotels: Grant Thornton

Five-star hotels outperformed their four-star counterparts across several criteria as shown by the latest survey by Grant Thornton Vietnam on the local upscale lodging industry.

 

Vietravel Airlines seeks to fly next year

Vietravel Airlines, an airline just established by local tour operator Vietravel, plans to launch its maiden flight in October next year.

 

Long-run prospects good but growth to slow in 2019: Capital Economics

Growth in Vietnam will remain strong, as the country’s export sector continues to secure more orders while trade tensions between China and the US are not yet over, according to Capital Economics.

Taiwan tea brand pulls out of Vietnam

Ten Ren, a Taiwanese tea brand, will halt its operations on the local market from August 15, closing 23 stores in HCMC and Bien Hoa from July 15.

 

BUSINESS NEWS 16/7

US plugs its cotton at HCM City event

Foreign property investment heading ever upwards

Record levels of foreign investment are now being poured into Vietnam's property sector.

Richest and brightest flock to Vietnam

Over the past 25 years, American investors have increased their involvement in Vietnam’s financial sector, a trend expected to continue as the country deepens its capital market and young startups look for funding and guidance.

Government asks for tight control over corporate bond issuance

Deputy Prime Minister Vuong Dinh Hue has asked for tight control of corporate bond issuance so the finance and equity sectors operate properly and safely.

Potential risks for Vietnam's exports to U.S.

Vietnam’s exports to the United States have recently soared, bringing about opportunities to both gain more market shares in the states and potential risks.

 

Upscale hotels see room rates increase

Five-star hotels in the country increased room rates by 4.1 per cent last year while four-star hotels dropped theirs by 2.3 per cent, according to the Vietnam Hotel Survey released on Thursday by Grant Thornton.

 

More than 723,000 firms in Vietnam using e-tax declaration services

As of June 20, Vietnam had 723,667 businesses using e-tax declaration services, 99.8 per cent of total operating firms, according to the General Department of Taxation.

 

BUSINESS NEWS 15/7

VN labour market records positive figures in six months

 

VN garment and footwear firms will have to wait for EVFTA benefits

Textile, garment and footwear products made in Vietnam will not enjoy immediate tariff cuts after the EU-Viet Nam Free Trade Agreement (EVFTA) comes into effect.

Vietnam coffee exports plummet as robusta prices fall

Vietnam’s coffee exports dropped by around 20 per cent in the first half of the year.

 

VN government works to improve business climate

A number of business conditions have been reduced or removed thanks to the Government’s efforts in improving the business environment and increasing national competitiveness.

 

Recruitment demand for senior positions growing in Vietnam

The human resources industry in Vietnam is developing strongly, fuelled by multinational companies’ growing demand for expanding and setting up their production chains in the country, according to Adecco Vietnam.

 

Hanoi's programme on key industrial production eyes FDI firms

Hanoi’s Department of Industry and Trade expects foreign direct investment (FDI) firms will team up to develop key industrial products to benefit socio-economic development.

 

Preliminary bidding selects 51 investors for North-South Expressway

Fifty-one investors have been selected in the preliminary bidding for seven public-private partnership (PPP) projects for the North-South Expressway.