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Economy

VN cashew exports rise strongly in first quarter

VN cashew exports rise strongly in first quarter

Viet Nam exported 74,580 tonnes of cashew worth US$758 million in the first quarter, according to the Viet Nam Cashew Association (Vinacas).  

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Catfish falls in price as Vietnamese master technology, increase productivity

Catfish falls in price as Vietnamese master technology, increase productivity

Twenty years ago, Vietnam succeeded in having shark catfish (including tra – or Pangasius hypophthalmus and basa, or Pangasius bocourti) reproduced artificially.   

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Grab’s acquisition of Uber opens door for Vietnamese firms

Grab’s acquisition of Uber opens door for Vietnamese firms

Grab’s acquisition of Uber opens the door for Vietnamese businesses to enter the ride-sharing market, said Khuat Viet Hung, Vice Chairman of the Vietnam National Safety Traffic Committee.

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Vietnam`s e-commerce set for strong 2018

Vietnam`s e-commerce set for strong 2018

The e-commerce market has taken off in Viet Nam thanks to booming internet usage and smartphone ownership, along with massive investments from key retail players, local media reported.  

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Foreign investors turn to M&A to increase SOE holdings

Foreign investors turn to M&A to increase SOE holdings

Foreign investors at state-owned firms are looking to increase their holdings via M&A deals to solidify their footholds in Vietnam.

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GSO submits blueprint on evaluating non-observed economy

GSO submits blueprint on evaluating non-observed economy

The General Statistics Office (GSO) has submitted to the Prime Minister a statistical project on how to measure the non-observed economy, including underground and illegal economic activities that affect the scale of the economy.  

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Vietnam’s economy enjoys auspicious start

Vietnam’s economy enjoys auspicious start

Vietnam’s economy enjoyed a more sustainable growth in the first quarter of the year with a strong economic expansion of 7.38 percent, the best first-quarter performance in the last decade.

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Vietnamese fashion brands wither away as designs remain stagnant

Vietnamese fashion brands wither away as designs remain stagnant

The appearance of foreign fast-fashion brands in Vietnam has dealt a strong blow to Vietnamese brands.   

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Vietnam needs big deals to reach M&A value exceeding $8 billion

Vietnam needs big deals to reach M&A value exceeding $8 billion

The total value of M&A deals made in 2017 was 8.4 billion, according to IMMA (Institute of Mergers, Acquisitions, and Alliances). The sharp 45 percent increase in M&A value in comparison with 2016 shows strong interest from investors.  

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Vietnamese businesses invest over $149.5 million abroad

Vietnamese businesses invest over $149.5 million abroad

Vietnamese businesses have invested in 23 projects totaling 123.62 million USD in other countries in the first quarter of this year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

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Low freight volume, debts sinking VN shipping firms

Low freight volume, debts sinking VN shipping firms

Vietnamese shipping firms have been losing their domestic market share to foreigners.

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International bidding for major expy set for next year

International bidding for major expy set for next year

The Ministry of Transport plans to launch an international bidding for the north-south expressway early next year.

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Foreign investors alarmed after Sabeco was hit by tax arrears

Foreign investors alarmed after Sabeco was hit by tax arrears

The authorities’ collecting VND2.5 trillion ($109.8 million) in tax arrears from Saigon Beer, Alcohol and Beverage Corporation (Sabeco) made foreign investors concerned about taking part in later divestments of state-owned firms.

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Vietnam, RoK look to increase two-way trade

Vietnam, RoK look to increase two-way trade

Minister of Industry and Trade Tran Tuan Anh and Minister of Trade, Industry and Energy of the Republic of Korea (RoK) Paik Un-gyu sought measures to complete the two countries’ trade goal of 100 billion USD by 2020 during their talks in Hanoi on March 22.

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Start-ups to be given 30% of investment from State budget

Start-ups to be given 30% of investment from State budget

Start-ups will be given support from the State budget in localities with no more than 30 per cent of total investment mobilised from investment funds.

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Vietnam’s e-commerce firms brace for arrival of Amazon

Vietnam’s e-commerce firms brace for arrival of Amazon

Many in the Vietnamese entrepreneurial community believe the arrival of Amazon, the e-commerce giant, will be a ‘threat’, not an ‘opportunity’.

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