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BUSINESS NEWS IN BRIEF 23/7

Can Tho City seeks investment for 54 projects worth $5.4 billion       Can Tho City will call for VND124 trillion (US$5.4 billion) investment to finance 54 projects at a conference to be held on August 9-10. The new list, reviewed at a meeting on Tuesday, exceeds the initial target of a combined VND110 trillion ... Read More »

Vietnam expects robust job market growth

Hiring expansion remains robust this year in Vietnam, though not as high as 2017, speakers said at a press conference held in HCM City on July 20. Speakers at the press conference “Key Winning Strategies to Gear up for a Robust Job Market Outlook 2018” in HCM City on July 20 Based on the survey “Job Outlook Report 2018” conducted ... Read More »

Multiple factors support exchange rate stability: SSI

The State Bank of Vietnam (SBV) may sell part of its foreign reserves to stabilise the monetary market if the exchange rate continues to climb, the Saigon Securities Incorporation (SSI) forecast. SSI on July 19 released a report on the country’s financial and monetary market in June and July, noting that the forex market recorded strong fluctuations in the two ... Read More »

Banks post impressive profit growth in H1 2018

Many banks have reported impressive profit growth in the first half off 2018. – Photo cafef.vn Viet Nam News HÀ NỘI – Many banks have reported impressive profit growth in the first half off 2018, compared to the same period last year, thanks to the high credit growth and the improvement from the retail banking segment. Nghiêm Xuân Thành, chairman ... Read More »

Experts explore Chinese Yuan devaluation effect on Vietnam

A recent report from the Vietnam Institute for Economic and Policy Research under the Hanoi National University noted that the US and China are two trade partners of special importance of Vietnam. browser not support iframe. The US is Vietnam’s largest export market, accounting for one fifth of total export revenue. Meanwhile, a quarter of imported goods to Vietnam are ... Read More »

Bitcoin traders reaping fewer profits

VietNamNet Bridge – Though current income is just equal to one-tenth of a year ago for bitcoin investors, the income is better than an office job with a monthly income of $1,000. One year ago, when the bitcoin price soared from $1,000 to $20,000, bitcoin investors could pocket big money. ICO projects and cryptocurrency deals then brought fat profits. Asked ... Read More »

Vietnam appeals to foreign hotel giants

Many international hotel brand names have made their presence in Vietnam in the wake of the robust development of the country’s tourism sector and infrastructure. InterContinental Danang Sun Peninsula Resort in Danang city The first half of this year alone witnessed many famous brands to come to Vietnam. Mandarin Oriental, which is one of the world’s luxury hotel groups, announced ... Read More »

HCM City push to semi-process produce

Vegetables are packaged in a processing facility in Lâm Đồng Province. HCM City is pushing for more semi-processing of harvested produce in the province before they are transported to the city’s wholesale markets. – Photo nld.com.vn Viet Nam News HCM CITY – The HCM City Department of Industry and Trade is pushing for semi-processing agricultural products in Lâm Đồng Province ... Read More »

Foreign investors keep flocking to Vietnam's real estate market

The growth in Vietnam`s capital markets to US$200 billion in value from some US$35 billion five years ago, was a big draw for global investors, Jeffrey Perlman, Southeast Asia chief of Warburg Pincus told Reuters. Foreign investors, especially from Asia, continue to invest heavily in Vietnam’s real estate market through direct investment or shares purchases in local enterprises.   Sharp increase ... Read More »