maandag 7 oktober 2019

Vietnam: Vietnam lures over 26 billion USD of FDI in nine months

Vietnam lures over 26 billion USD of FDI in nine months

Foreign investors poured 26.16 billion USD into Vietnam in the first nine months of this year, up 3.1 percent over the same period in 2019, according to the General Statistics Office.

The post Vietnam lures over 26 billion USD of FDI in nine months appeared first on Dutch Business Association in Vietnam.

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New drive in smart city development

A modern city with many public facilities and utilities serving people, suitable investment attraction, and effectively supporting the policy of relaxing Hanoi's inner city are the targets of a smart city project in accordance with the development master plan of the Nhat Tan-Noi Bai area.

The post New drive in smart city development appeared first on Dutch Business Association in Vietnam.

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New special control regulations for credit institutions to take effect next month

The State Bank of Vietnam (SBV)'s Governor or the directors of SBV's municipal and provincial branches will be able to lace credit institutions under the SBV's special control, starting from next month.

The post New special control regulations for credit institutions to take effect next month appeared first on Dutch Business Association in Vietnam.

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Vietnam's IT industry catches foreign investors' attention

From growing e-commerce, online gaming, travel booking, and offline-to-online platforms such as ride-hailing and food delivery, Vietnam's digital economy continues to thrive, with its gross merchandise value being 4% of the country's GDP.

The post Vietnam's IT industry catches foreign investors' attention appeared first on Dutch Business Association in Vietnam.

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SOEs need solutions to improve production, business efficiency

As State-owned enterprises (SOEs) have many functions in the local economy, they struggle to fulfil their main task of doing business, so they need solutions to improve business efficiency, according to experts.

The post SOEs need solutions to improve production, business efficiency appeared first on Dutch Business Association in Vietnam.

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Non-agricultural collective economy develops remarkably

Deputy Prime Minister Vuong Dinh Hue has applauded contributions of the collective economy in the non-agricultural sector to new-style rural area building and poverty reduction over the past 15 years.

The post Non-agricultural collective economy develops remarkably appeared first on Dutch Business Association in Vietnam.

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Nine-month export revenue picks up 8.2 percent

Vietnam exported USD 194.3 billion worth of products in the first nine months of the year, a year-on-year surge of 8.2%, the Ministry of Industry and Trade said on 30 September.

The post Nine-month export revenue picks up 8.2 percent appeared first on Dutch Business Association in Vietnam.

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Credit growth expands 8.4%

Credit growth has expanded by 8.4 per cent against the end of 2018 so far this year, the General Statistics Office reported.

The post Credit growth expands 8.4% appeared first on Dutch Business Association in Vietnam.

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EVFTA to protect nation's IP rights

Vietnam has made various high-level commitments under the EU-Vietnam Free Trade Agreement (EVFTA), one of which is the challenging area of intellectual property rights (IPR), according to Vice chairman of Eurocham Vietnam Nguyen Hai Minh.

The post EVFTA to protect nation's IP rights appeared first on Dutch Business Association in Vietnam.

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Phones and components lead in January-September export turnover

Phones and components lead in Vietnam's export turnover in the first nine months of this year, with a value of USD 38.6 billion, marking a year-on-year increase of 5.1% and accounting for 19.9% of total exports.

The post Phones and components lead in January-September export turnover appeared first on Dutch Business Association in Vietnam.

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Int'l economists optimistic of Vietnam's GDP growth

VNA/VOV Economists are upgrading their growth projections for Vietnam after the latest data showed the economy surged more than 7 percent in the third quarter, according to Bloomberg. Citigroup Inc. revised its full-year forecast of Vietnam's GDP to 6.9% from 6.7%, on the basis of another solid performance in the fourth quarter. Analysts at Maybank... View Article

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Retail sales rise on strong consumer demand

VNS/Vietnamnews Total revenue from retail trade and services in the first nine months of this year reached VND 3.6 quadrillion (USD 156.5 billion), 11.6% over the same period last year. If the price factor was excluded, the total revenue rose by 9.2% year on year, higher than the rate of 9.1 % recorded in the first nine... View Article

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Quarter 3 sees bright economic picture for Vietnam

Vietnam posted an economic growth of 6.98% in the first nine months of this year. Experts said the result gives momentum for the economy to achieve its yearly target of 6.8%.

The post Quarter 3 sees bright economic picture for Vietnam appeared first on Dutch Business Association in Vietnam.

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Insurance market attracts plenty of foreign interest

Major international life insurance companies are coming to the growing Vietnamese market through bancassurance and acquisition deals.

The post Insurance market attracts plenty of foreign interest appeared first on Dutch Business Association in Vietnam.

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Ho Chi Minh City intensifies efforts to complete socio-economic development goals

Ho Chi Minh City is exerting more efforts to complete the 2019 socio-economic development goals, heard a meeting of the municipal Party Committee on October 2.

The post Ho Chi Minh City intensifies efforts to complete socio-economic development goals appeared first on Dutch Business Association in Vietnam.

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Vietnam racks up USD 5.9 billion trade surplus over nine-month period

Vietnam has enjoyed consistent growth in export turnover amid numerous difficulties, with a trade surplus of approximately USD 5.9 billion, representing one of the positive aspects of the country's economic picture during the first nine months of the year.

The post Vietnam racks up USD 5.9 billion trade surplus over nine-month period appeared first on Dutch Business Association in Vietnam.

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Firms advised to use derivative instruments to minimise exchange rate risks

Experts suggested firms use more derivative instruments, such as futures and forward contracts, to minimise exchange rate risks when they can no longer borrow the US dollar from commercial banks, starting early this month.

The post Firms advised to use derivative instruments to minimise exchange rate risks appeared first on Dutch Business Association in Vietnam.

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Plastic, rubber industry exhibition opens in HCM City

The Vietnam International Plastics and Rubber Industry Exhibition (VietnamPlas) opened on 3 October in HCM City, showcasing advanced technologies and machinery and equipment used in the plastics and rubber industry.

The post Plastic, rubber industry exhibition opens in HCM City appeared first on Dutch Business Association in Vietnam.

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SMEs fail to make use of plentiful assistance in HCM City

A number of organisations in Ho Chi Minh City have provided assistance and consultancy for small and medium-sized enterprises (SMEs) while banks have offered them loans on easy terms but they do not make use of either consultancy or loans, heard a conference in the city on 3 October.

The post SMEs fail to make use of plentiful assistance in HCM City appeared first on Dutch Business Association in Vietnam.

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Rice exports bring home USD 2.24 billion in nine months

Vietnam shipped abroad 586,000 tonnes of rice in September for USD 251 million, pushing the total rice export volume and value in the first nine months of this year to 5.2 million tonnes and USD 2.24 billion, respectively.

The post Rice exports bring home USD 2.24 billion in nine months appeared first on Dutch Business Association in Vietnam.

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