Vietnam 

VN’s motorcycle market ranks 4th despite H1 sales decline – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A man takes a photo of a Honda motorcycle at a recent expo in Hà Nội. Photo VNA HÀ NỘI – Việt Nam’s motorcycle market saw a year-on-year slump of 5.3 per cent with nearly 1.5 million sales in the first half of this year, according to motorcyclesdata.com  which tracks motorcycle sales all around the world. Honda, which tops the market, remained stable, while all other manufacturers saw a decline in sales, with Yamaha down 20 per cent. The new local producer, VinFast, was welcomed by the market, according to the…

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Vietnam 

Industry urged to be driving force for VN’s economy – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A corner of VinFast Automobile Manufacturing Plant in the northern city of Hải Phòng. It is expected to promote the country’s automobile industry in the future. — Photo Vingroup HÀ NỘI — The industrial sector must provide motivation for economic growth, creating breakthroughs in improving productivity, quality, competitiveness and domestic added value of industrial products. The statement was released by Minister of Industry and Trade Trần Tuấn Anh at a meeting to review results and set tasks for the future with the leaders of the Department of Industry in Hà…

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Vietnam 

VN’s logistics firms remain small despite potential – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Containers at Cát Lái Port in HCM City’s District 2. The country’s logistics sector has potential but most projects are of a small scale.VNA/VNS Photo Tiến Lực   HÀ NỘI There are 4,000 Vietnamese businesses operating in the logistics field but most of them are small-scale with weak human resource quality, the Ministry of Industry and Trade (MoIT) reported.   According to the report, Vietnamese logistics enterprises are mainly operating on a small scale, with up to 90 per cent of enterprises having capital of less than VNĐ10…

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Vietnam 

HDBank wins Asian Banking and Finance award for VN’s best domestic retail bank – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Executive of HDBank receives the award for ‘Domestic Retail Bank of the Year for Vietnam’ at Asian Banking and Finance Retail Banking Awards in Singapore last week. — Photo courtesy of HDBank HCM CITY — HDBank won the award for ‘Domestic Retail Bank of the Year for Vietnam’ at Asian Banking and Finance Retail Banking Awards in Singapore last week. The awards, given annually by Asian Banking and Finance, a prestigious financial magazine, honour banks that stand out with groundbreaking products and services. The HCM City…

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Vietnam 

CPTPP opens up opportunities for VN’s agricultural products – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Minister of Industry and Trade Trần Tuấn Anh speaks at the conference. VNS Photo Phương Thảo HÀ NỘI — The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is opening up many opportunities for Việt Nam’s agricultural products to reach global markets. However, agricultural products are the most vulnerable commodity when it comes to trade disputes. Therefore, it was necessary to disseminate information on commitments in the CPTPP and implement a comprehensive and timely action plan to ensure long-term benefits for people, businesses and consumers, Minister of Industry and…

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Vietnam 

VN’s textile industry strives to find new markets – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The textile sector faces a number of challenges as it seeks new markets including increased trade stress. — Photo cafef.vn HÀ NỘI — Việt Nam’s textile and garment industry is striving to achieve export turnover of more than US$40 billion in 2019, a year-on-year increase of 14-15 per cent. Data from the Ministry of Industry and Trade (MoIT) showed that since the beginning of the year, the textile industry has achieved positive results. Compared to the same period last year, the industry has grown by more…

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Vietnam 

VN’s first social tourism network launched – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The online travel agent Hahalolo launched its first social travel network on Monday. —  VNA/VNS Photo  HÀ NỘI — Việt Nam’s online travel agent and start-up Hahalolo launched its first social travel site in HCM City on Monday. The site, also an e-commerce platform, enables users to interact online, connecting travel agents, tour operators and retailers with their customers. It operates on the website www.hahalolo.com and mobile app Hahalolo, which is available on iOS and Android operation systems. New technologies will be updated to provide features that meet users’ demands.…

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More than 350 foreign investors join VN’s securities market in April – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  In April, more than 350 foreign investors were granted codes to participate in the Việt Nam’s securities market. – Photo tienphong.vn HÀ NỘI – More than 350 foreign investors were granted securities trading codes in April, bringing the total number of foreign investors able to participate in the Việt Nam’s securities market to nearly 30,240, according to the Việt Nam Securities Depository (VSD). Of them, 44 were institutional investors and 312 individual investors. In April, VSD removed securities trading codes from six foreign investors. Foreign investors bought a net volume…

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Vietnam 

VN’s private sector: Growing but not strong – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Analyst’s Pick VN’s private economic sector: becoming big but not strong Võ Trí Thành* The Vietnam Private Sector Economic Forum 2019 – an important channel for Government agencies and ministries to identify bottlenecks restricting the development of the private sector and listen to recommendations from the business community – finished last week. But how to make Vietnamese private enterprises grow strongly and sustainably remains an issue that cannot be addressed by just a two-day forum.  Since Resolution No 10 of the Party’s Central Committee on developing the private economy into an important driving force…

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Vietnam 

Malaysian firms explore investment in VN’s car manufacturing industry – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A view of a VInFast plant, expected to go operational in June. — Photo vneconomy.vn HÀ NỘI — Fifteen Malaysian firms are visiting Việt Nam to explore investment opportunities in the country’s car manufacturing industry. Malaysian Ambassador to Việt Nam Dato Mohd Zamruni Khalid said at a workshop held on Thursday to discuss business opportunities between Việt Nam and Malaysia in the automobile component industry that Việt Nam was an attractive market for car manufacturing given its young population and favourable investment policies. He said Malaysian firms expected to co-operate with partners in…

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