A new wave of foreign direct investment driven by global uncertainty such as the US-China trade war and the COVID-19 pandemic is imminent in Vietnam, and it will have a much bigger impact on the economy than previous FDI inflows, according to investment fund VinaCapital. Don Lam, the fund’s co-founder and CEO, said FDI inflows […]
Read MoreThe Hanoitimes – UOB has trimmed their 2020 forecast for Vietnam to 3.5%, from 5.2% made earlier given the sharply weaker second-quarter performance. Vietnam’s economic growth is likely to bounce back to 5.5-7% in the second half of this year (2H20) after touching a years-low of 1.81% in the first half, meaning that the government’s 6.8% […]
Read MoreThe Hanoitimes – While the inflationary pressure, especially driven by hikes in prices of oil and food, devalues some currencies, Vietnam’s inflation target would remain unchanged. With the average consumer price index (CPI) expanding 4.19% in the first six months of 2020, the target of curbing inflation below 4% set for this year remains feasible, according […]
Read MoreWith the implementation of the EU-Vietnam Free Trade Agreement looming, besides providing opportunities, the Vietnamese retail market is anticipated to face numerous challenges, with the industry facing the possibility of being “devoured” in the future. A report published by the Nielsen Market Research Company indicates that the country is currently one of the retail markets […]
Read MoreThe EVFTA will abolish 65 per cent of the duties on EU exports to its developing partner, with the remainder phased out over a 10-year period. The announcement was made by the European Commission in a notice published on Tuesday. The EVFTA will abolish 65 per cent of the duties on EU exports to its […]
Read MoreAlong with implementing better provisions against credit risks, commercial banks are stepping up the sale of mortgaged assets to collect debts. Commercial banks have been offering to sell mortgaged assets, from high-end apartments, land and townhouses to cars, equipment and production workshops, in order to collect debts. The Vietnam Asset Management Company (VAMC) has also […]
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