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BUSINESS NEWS IN BRIEF 11/8

Tra fish exports see sharp upswing in seven months Vietnam’s tra fish (pangasius) exports in July soared 13.5% to US$182 million, bringing total export turnover in seven months to US$1.18 billion, up 19.5% against the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Major consumers of Vietnamese Tra ... Read More »

Reform policies needed to lure foreign investments in Vietnam's consumer finance

Consumer finance has ample room for growth in Vietnam, however, it is necessary to improve the policy framework to make the sector more attractive to foreign investors, experts said. Vietnam’s consumer finance market is expected to reach US$44 billion by 2019 According to the National Financial Supervisory Commission, consumer lending in Vietnam surged sharply by 65 percent in 2017 compared ... Read More »

Real estate unlikely to see big changes this year

Deputy Minister of Construction Nguyễn Văn Sinh Viet Nam News With inflation, gold prices and stock markets remaining stable and further tightening of credit interest rates on the cards, the country’s real estate market is unlikely to experience any major changes this year. Deputy Minister of Construction Nguyễn Văn Sinh spoke to Thời báo Kinh tế Việt Nam (VnEconomy) about ... Read More »

Singaporean investment set to rise

Singapore-sourced investment into the ASEAN region is expected to increase over the next two years, with Vietnam emerging as one of three destinations of choice for this capital flow. Vietnam, as per the latest HSBC report commissioned by the Singapore Business Federation, is seen as a favoured destination for internationally oriented Singapore-based companies expecting to expand, trailing only Malaysia and ... Read More »

VN stocks gain on divestment plans

A broker examines trading data at MB Securities Company. — VNS Photo Trương Vị Viet Nam News HÀ NỘI — Vietnamese shares ended Friday on a positive note, driven by financial-banking and energy sectors as confidence was boosted by news on State capital divestment from State-owned businesses. The benchmark VN-Index on the HCM Stock Exchange gained 0.52 per cent to ... Read More »

M&A to grow on after record 2017

After a record-breaking 2017, mergers and acquisitions (M&A) volumes are poised for further expansion driven by growing investor confidence in Vietnam.  Strong GDP growth, favourable demographics, and a robust pipeline of state-owned enterprise (SOE) equitisation are enhancing the environment for investments. While investors need to get more familiar with some of the challenges in Vietnam, they should act early to ... Read More »

Franchises acting upon F&B growth

Chilli Crab, one of the world’s 50 Best Foods according to CNN, has become a favored dish of many Vietnamese people who are fond of Singaporean cuisine. It’s been among the main courses at Lion City restaurants in their 12 years in Vietnam. The owner of Lion City, Vietnam’s Multi Trust Company, two months ago announced the launch of a ... Read More »

Decree on State Capital Management Committee to be issued next month

Petrolimex will be under the State Capital Management Committee. – VNA/VNS Photo Viet Nam News HÀ NỘI — The Government will issue a decree regulating the functions, duties, rights, and organisational structure of the State Capital Management Committee next month, said Deputy Prime Minister Vương Đình Huệ. The committee will manage State capital and assets at 20 corporations and groups. ... Read More »

Foreign capital attraction: A tough job

Foreign indirect investment (FII) will no longer be the main driver of foreign capital attraction in the second half of 2018. Then what will be in place of it? A high-class product launch by a foreign-invested enterprise in Vietnam. Despite a surplus of US$3.3 billion in the first half of 2018, Vietnam’s trade balance tends to be negative in the ... Read More »

Vietnam’s GDP projected to grow 6.83% in 2018

Viet Nam’s gross domestic product (GDP) is expected to grow 6.83 per cent in 2018, almost unchanged from 6.8 per cent over the same period last year. Customs officers in the northern province of Lang Son inspect imports at the Huu Nghi International Border Gate.  The forecast was made by the National Centre for Socio-economic Information and Forecast (NCIF) under ... Read More »