The Hanoitimes – As of June, Vietnam’s shipping fleet has 1,568 ships with cargo-carrying capacity of 7.8 million DWT, while the average fleet age is 15.6, 5.2 years younger than the global average of 20.8. Statistics from the United Nations Conference on Trade and Development (UNCTAD) showed Vietnam’s shipping fleet currently ranks 30th the world […]
Read MoreForeign investors are being encouraged to take advantage of the double benefits Vietnam is offering through its commitments to many trade pacts signed with other countries. Foreign investment in Vietnam is expected to increase significantly now that the country has signed two important trade deals – the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) […]
Read MoreThe Hanoitimes – An expert forecast the M&A figure could reach US$6.7 billion in 2019, down 11.84% year-on-year. In the first six months of 2019, total transaction value from merger and acquisition (M&A) deals in Vietnam hit US$1.9 billion, down 47% year-on-year at US$3.55 billion. The figure was announced at a press conference held by […]
Read MoreThe Hanoitimes – In general, Vietnam reaped no rewards from the trade war and is facing obstacles in shipments to several markets. Instead of gaining high growth in exports and FDI attraction in the wake of the US-China trade friction as forecast previously, Vietnam in fact did not see any positive effects from the conflict […]
Read MoreVietnam should extend visa exemption policies for foreign tourists to encourage more visitors to return, say tourism insiders. Federal Travel Company director-general Tu Quy Thanh said foreign tourists who receive visa exemptions are currently allowed to stay in Vietnam for only 15 days, less than the average time they often want to stay. He says […]
Read MoreThe Hanoitimes – If the FED lowers the interest rate by the end of this month as expected, the move would have a minimal impact on the monetary policy of Vietnam’s central bank. The State Bank of Vietnam (SBV), the country’s central bank, has recently expanded the credit growth quotas for a number of commercial […]
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