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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Vietnam 

SP raises VN’s credit rating with a stable outlook – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Tra fish processed for export at Cửu Long An Giang Seafood Import – Export Company in An Giang Province. S&P gave a stable outlook on Việt Nam, reflecting expectation that the economy would continue to expand rapidly.  — VNA/VNS Photo Vũ Sinh HÀ NỘI  Standard and Poors (S&P) Global Ratings’ recent upgrade of its long-term sovereign credit rating for Việt Nam, the first time since 2010, was expected to help the country to attract more foreign investments into the economy and expand exports. Late last week, S&P raised its long-term…

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Vietnam 

VN’s trade turnover reaches $100 billion – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Việt Nam’s total trade turnover reached US$100 billion between the start of the year and March 19, according to the General Department of Vietnam Customs. Recently released statistics show the country had a trade turnover of $21.3 billion during the first half of March, up 18.6 per cent against the second half of February. This result helped to bring the country’s total trade turnover to $93.6 billion by March 15, edging up to $100 billion by March 19 – a surge of…

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Vietnam 

VN’s Momo e-wallet 10th most well-funded start-up in region – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Vietnamese start-up Momo was featured in the ten most well-funded tech start-up in Asia and the Pacific region. — Photo vietnamnet.vn Viet Nam News HÀ NỘI — Vietnamese start-up Momo was recently ranked as the 10th most well-funded tech start-up in the Asia-Pacific region by global information services firm CBInsights. The e-wallet and payments app had total disclosed funding of US$134 million as of the end of February. The app has an estimated 10 million users. The most well-funded company in the region was Payments Unicorn…

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Vietnam 

A Directive needed to improve VN’s performance in 2019: PM – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Prime Minister Nguyễn Xuân Phúc wants a plan in place to help local businesses drive the country to fulfil economic targets this year. — Photo VNA/VNS Thống Nhất HÀ NỘI — Prime Minister Nguyễn Xuân Phúc wants a plan in place to help local businesses drive the country to fulfil economic targets this year. The PM has asked for the development and issuance of a Directive to resolve problems for local enterprises to facilitate the…

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Vietnam 

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

Two foreign investors are tracing market swings. Nearly 29,500 foreign investors have been granted securities trading codes so far. — Photo tinnhanhchungkhoan.vn Viet Nam News HÀ NỘI — About 190 foreign investors were granted securities trading codes in February, bringing the total number of foreign investors participating in Việt Nam’s securities market to 29,454, according to statistics of the Việt Nam Securities Depository (VSD). The number of new foreign investors joining the securities market in February was the lowest since January 2017, 75 fewer than January and 261…

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Vietnam 

VN’s January trade turnover at highest level in years – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The textile and garment, equipment and parts, and footwear sectors contributed the most to January’s positive performance. — Photo vneconomy.vn Viet Nam News HÀ NỘI — Việt Nam’s trade turnover reached US$43 billion in the first month of 2019, the best January performance seen in the last few years, according to the General Department of Vietnam Customs. This figure is $2.9 billion higher than in January 2018 and nearly double the average figure of $23 billion per month recorded in the 2012–18 period. In addition to the…

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Vietnam 

AEON to invest in VN’s financial sector – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The AEON MALL Bình Tân in HCM City.- Photo aeonmall-vietnam.com Viet Nam News HÀ NỘI — AEON Financial Service (AFS) Co Ltd, the owner of Japan’s AEON retail chain, wants to expand its financial services in Việt Nam through merger and acquisitions, said AFS Chairman Masaki Suzuki. In a meeting with Deputy Prime Minister Vương Đình Huệ in Hà Nội yesterday, the AFS leader pledged long-term investment in Việt Nam to contribute to the country’s consumer finance market. He said AEON considers Việt Nam a key investment…

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Vietnam 

VN’s watermelons face many regulations from China – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The Asia – Africa Market Department, under Ministry of Industry and Trade (MoIT), has made some recommendations for Vietnamese enterprises when exporting watermelons to China. According to the MoIT, watermelon cultivation area in China is currently about two million ha, 10 per cent of the total area of fruit and vegetable crops. Watermelon average output is about 73-75 million tonnes per year. China Customs statistics showed that from 2014 to early 2018, China imported an average of more than 200,000 tonnes per year with a…

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Vietnam 

VN’s supporting industries strive to improve – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Vietnamese enterprises have the potential to participate in regional and global production value chains on par with the leading countries in ASEAN, because Việt Nam has been a top priority choice of multinational corporations. However, in order to realise this goal, in addition to their own efforts, businesses also need the support of the State. In the draft plan for sustainable development of Vietnamese private enterprises, the Ministry of Planning and Investment (MPI) aims to raise the rate of enterprises participating…

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