Vietnam 

Việt Nam’s exports to Japan increase rapidly in Q1 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Việt Nam’s exports to Japan increased sharply in the first quarter of this year, including garment products. — Photo vneconomy.vn HÀ NỘI — Elimination of many tariff lines for goods under the CPTPP has helped Việt Nam’s exports to Japan increase sharply in the first quarter of this year, according to the General Department of Customs. Việt Nam’s export value to Japan in the first quarter surged 6.7 per cent year on year to US$4.6 billion, the general department said. Việt Nam became one of three markets gaining an export…

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Vietnam 

Việt Nam’s steel industry facing nearly 50 anti-dumping and –subsidy investigations – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Steel is subjected to the highest number of trade defence investigations in the world because it is produced by many countries and is considered a product related to national security. — Photo diendandatdai.com HÀ NỘI — Việt Nam’s steel industry is facing 47 anti-dumping and anti-subsidy investigations from importing countries, accounting for one-third of the total cases of Vietnamese goods, according to a report from the Ministry of Industry and Trade (MoIT)’s Trade Defence Department. According to Phạm Châu Giang, deputy director of the department, steel is subjected to the highest number of trade defence…

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Việt Nam’s competitiveness stems from reliable logistics

Việt Nam’s recent growth has been driven by increased participation in trade. In 2017, Việt Nam’s trade as a percentage of GDP was close to 200 per cent, which made it the sixth highest in the world. Improving the efficiency and reliability of transport and logistics, which plays a critical role in supporting Vietnam’s export-oriented economy, will be vital to future economic competitiveness. Source link

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Vietnam 

Moody’s backs Việt Nam’s strict proposal on unsecured consumer lending – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  VPBank Finance Co., Ltd (FE Credit) has the highest proportion of personal loans in its loan portfolio among the three largest finance companies in Vietnam by total loans. — Photo zing.vn HÀ NỘI  —  Việt Nam’s stricter regulations on unsecured consumer lending are credit positive for finance companies, according to a recent credit outlook report released by the credit ratings agency Moody’s Investors Service. The State Bank of Việt Nam has proposed changes to regulations on personal unsecured lending by consumer finance companies. The proposed changes include limiting unsecured personal…

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Vietnam 

Việt Nam’s economic growth impressive in Q1 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Việt Nam’s economic growth was impressive in the first quarter of this year in the context of a global slowdown, Nguyễn Bích Lâm, General Director of the General Statistics Office (GSO) of Việt Nam said at a press conference on Friday. The gross domestic product (GDP) grew at 6.79 per cent in the quarter, lower than the growth rate of 7.45 per cent in 2018 but still the highest since 2009 (except for 2018). Stable growth was seen in agro-forestry-aquaculture; industry…

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Vietnam 

Upbeat outlook for Việt Nam’s MA market in 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News After posting a reduction last year, the Vietnamese merger and acquisition (M&A) market is expected to grow this year, fuelled by the adoption of new free trade agreements and the Government’s reforms to facilitate foreign investment. M&A expert Yee Chung Seck, partner of multinational law firm Baker & McKenzie, talks with Việt Nam News reporter Nguyễn Thu Hà about the outlook for the market in 2019. Despite a decline across the market last year, M&A activities in the retail sector were positive. Will this trend…

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Vietnam 

Việt Nam’s biggest dairy farm opens in Tây Ninh – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A Vinamilk worker feeds dairy cows. — Photo anninhthudo.vn Viet Nam News TÂY NINH — Vietnam Dairy Products Joint Stock Company (Vinamilk) on Wednesday inaugurated a dairy farm with more than VNĐ1.2 trillion (US$52 million) of capital in the southern province of Tây Ninh. The farm – the largest of its kind in Việt Nam – covers 685ha in Long Khánh Commune, Bến Cầu District. With a herd of 8,000 cows, the farm provides 100,000 litres of fresh milk per day, equivalent to 40 million litres of milk…

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Vietnam 

Việt Nam’s overseas investment reaches $120 million in three months – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

People register for services of Metfone, a Viettel brand in Cambodia. Cambodia is one of markets which received large investments of Vietnamese firms. — VNS Photo Viet Nam News HÀ NỘI — Việt Nam’s total outbound investment in the first quarter of the year hit an estimated US$120 million, according to the Foreign Investment Agency under the Ministry of Planning and Investment. Of that number, $80.4 million was poured into 24 new projects while the remaining $39.6 million was pledged to eight existing projects. The agency said…

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Vietnam 

Việt Nam’s marine development strategy introduced in Malaysia – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The Lạch Huyện Seaport in the northern port city of Hải Phòng. Shipping plays an integral role in the country’s economy. – Photo laodong.vn Viet Nam News KUALA LUMPUR — The Vietnamese Embassy in Malaysia introduced the country’s strategy for the sustainable development of its sea-based economy at the Maritime Institute of Malaysia (MIMA) on Tuesday. The event attracted representatives from Malaysian ministries of foreign affairs, defence, transport, universities, and research institutes, as well as diplomatic corps from the US and Australia. Vietnamese Ambassador Vũ Hải Đăng…

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Vietnam 

Samsung Life seeks to acquire shares in Việt Nam’s largest insurer – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Bảo Việt is Việt Nam’s largest life insurer with nearly 200,000 employees and life planners at its 75 branches across the country. — VNA/VNS Photo Viet Nam News HÀ NỘI — Samsung Life Insurance is seeking to make inroads into Việt Nam through an equity investment in Bảo Việt Life, the country’s largest life insurer, Koreatimes reports. South Korea’s largest life insurer said Tuesday it is in talks with Bảo Việt Life to acquire some of the Vietnamese firm’s shares. It is the seventh-largest listed company in Việt…

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