Vietnam 

Australia, VN issue new report on digital transformation roadmap – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The report “Việt Nam’s Future Digital Economy towards 2030 and 2045” provides economic modelling for potential growth scenarios. Photo courtesy of CSIRO HCM CITY — Risks and challenges must be identified during the digital transformation era to ensure that Việt Nam continues to grow and be prosperous, a new report has said.  The report, “Việt Nam’s Future Digital Economy Towards 2030 and 2045”, notes that much has already been done through the Government’s policies on 4.0 Industry such as cybersecurity, energy and digital skills.  The report was issued by Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) and Việt Nam’s Ministry of Science and Technology. …

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Venture capital funds commit almost half a billion dollars to VN startups – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Agreements signed between the Ministry of Planning and Investment and investment funds at the summit. — Photo kinhtedothi.vn HÀ NỘI – Eighteen local and domestic venture capital funds have committed investment of about VNĐ10 trillion (US$429.2 million) to Vietnamese start-ups over the next three years. A number of cooperation agreements were inked at the Vietnam Venture Summit 2019 which opened on Monday in Hà Nội with the participation of leading global venture capital firms such as Temasek, Golden Gate Ventures, Softbank Vision Fund, CyberAgent Ventures, Insignia Ventures Partners and…

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Vietnam 

VN to be among world’s most dynamic markets by 2030 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    An Hodgson, Euromonitor International’s income and expenditure research manager at a conference on Vietnamese consumer spending in the future. VNS Photo Bồ Xuân Hiệp   HCM CITY — With an emerging market economy and continued strong growth, Việt Nam is set to become one of the most dynamic markets in the world by 2030, according to Euromonitor International, a global market research company. An Hodgson, Euromonitor International’s income and expenditure research manager, said the company’s research database showed that urbanisation, with the associated concentration of income, wealth and population, would propel Việt Nam’s commercial success by 2030.  Published last month, the research…

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Vietnam 

VN stocks forecast to move forward – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Investors at Bảo Việt Securities Co (BVSC). The Vietnamese stock market is forecast to progress this week following good news from US and Chinese leaders. — VNA/VNS Photo Trần Việt HÀ NỘI — Securities companies are betting Vietnamese shares may expand growth this week as the domestic market could benefit from positive macro-economic signals. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 1.06 per cent on Friday – the strongest rise in two weeks – to end last week at 958.28 points. Friday’s strong increase…

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Vietnam 

VN to lift Cross-border Trade Transaction index – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Goods are unloaded at Hải Phòng Port in Hải Phòng City. — Photo thoibaotaichinhvietnam.vn HÀ NỘI — Việt Nam plans to raise the cross-border trade transaction index by 3-5 places this year compared to 2018. By 2020, it targets to raise the cross-border trade transaction index by 10-15 places compared to 2018. Minister of Finance Đinh Tiến Dũng issued Decision 876/QĐ-BTC, promulgating the plan to improve Việt Nam’s cross-border trade transaction index in the period 2019-21. In order to achieve this goal, the Ministry of Finance will chair and co-ordinate…

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Vietnam 

VN stocks move higher following global good mood – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  An investor watches market movements on a computer. Vietnamese shares followed the upbeat trading of global stocks on hopes trade tensions will be dealt with shortly. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Vietnamese shares edged higher on Friday morning, following positive developments in global markets. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange rose 0.38 per cent to close at 951.78 points. The VN-Index fell 0.34 per cent on Thursday. Local stocks were boosted by investor confidence after US stocks moved positive on expectations the US-Mexico trade tensions would be resolved shortly.…

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VN stocks pulled down from two-day gain – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Containers are loaded at Sài Gòn Port in HCM City. Vietnamese shares on Thursday followed a muted global mood on worries about further escalation of trade tensions. — VNA/VNS Photo Hoàng Hùng HÀ NỘI — Vietnamese shares retreated on Thursday as further tensions between the US and other economies again darkened market sentiment. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange fell 0.34 per cent to close at 948.21 points. The VN-Index stepped down from a two-day gain of 0.53 per cent. Vietnamese markets followed a muted global trend as investors fear…

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Vietnam 

VN stocks drop on global economic worries – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Photo shows an empty trading room of Vietcombank Securities Co. The Vietnamese stock market dropped on Thursday morning with low liquidity as investors worried about the global economic downturn. — Photo chungkhoanonline.com.vn HÀ NỘI — Vietnamese shares dipped on Thursday morning with modest liquidity, dragged by the financial and insurance sectors. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange fell 0.50 per cent to close at 946.68 points. The southern market index inched up a total 0.53 per cent the previous two days. More than 52.7 million shares were traded on…

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Vietnam 

VN stocks slow gains down on economic worries – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Cash notes are counted at Vietcombank’s office in Vĩnh Yên City of Vĩnh Phúc Province. The bank shares shed 0.7 per cent on Wednesday. — VNA/VNS Photo Trần Việt HÀ NỘI — Vietnamese shares gained slower on Wednesday afternoon as a lack of supportive information and worries about global economy recession weighed on the market sentiment. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange inched up 0.03 per cent to close at 951.41 points. The VN-Index gained as much as 0.76 per cent during the day. It…

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Vietnam 

VN hopes to enter MSCI watchlist this year, but experts are uncertain – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Vingroup’s Vincom Center Landmark 81 in HCM City. Vingroup has recently sold US$1 billion worth of shares to the South Korean SK Group. – Photo vneconomy.vn HÀ NỘI – One year after failing to enter MSCI’s watchlist for a market status upgrade, it is still uncertain if Việt Nam will make it this year despite efforts made to improve market conditions. In June 2018, Morgan Stanley Capital International (MSCI) rejected Việt Nam’s inclusion on its watchlist for a market status upgrade from “frontier market” to “emerging”. Instead, MSCI raised…

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