(VEN) - Vietnam Economic News’ reporter Minh Long spoke with Stephen Wyatt, CEO of JLL Vietnam, about how regulations and the current situation of the Vietnamese financial sector might influence the economy. Stephen Wyatt, CEO of JLL Vietnam Following the State Bank of Vietnam’s Circular 06/2016 and Circular 16/2018, as of January 1, 2019 all commercial banks, branches of foreign banks, will have to reduce the current rate of short-term and medium-term loans from 45 percent to 40 percent. Do you think this will affect the economy in general and the real estate market in Vietnam in particular? This decision is the next step in a series of consistent policy easing measures by the government and the State Bank of Vietnam to support economic growth. In the context of continued high credit growth and orientation will continue to push for the whole year, if officially applied, will help significantly reduce the pressure of mobilization with commercial banks. As … [Read more...] about Vietnam’s economy to continue to develop strongly and remarkably
Vietnam economy news
Vietnam economy steps into the late phase of business cycle: Brokerage
The Hanoitimes - For 2018, Vietnam`s inflation is estimated at 4-4.2% year-on-year. The Vietnamese economy is stepping into the late phase of the business cycle, while FDI corporations alone cannot drive the economy, according to Vietnam Dragon Securities Corporation (VDSC). Illustrative photo. Although there are large-scale private projects, most of them still depends on credit flows. The ratio of total credit to GDP has now reached 164%, the second highest level compared with other regional countries. On top of that monetary policy will be tighter in the next few years. The economy's recent momentum has been driven by domestic consumption. Moreover, Vietnam's macro-stability is being somehow threatened. It is possible to think about cost-push inflation as input costs rose sharply in the past few months. Oil and electricity prices are the main drivers. In addition, food prices surged. Although core inflation is still low, VDSC recorded a slightly stronger … [Read more...] about Vietnam economy steps into the late phase of business cycle: Brokerage
Bolloré Logistics: Time to do business in Vietnam is now
(VEN) - With three decades of experience in Vietnam, French leader Bolloré Logistics sees political stability and high growth rate offering great potential for investors in the country, Marc Moeschlin, Managing Director, Bolloré Logistics Vietnam Co. Ltd, tells Vietnam Economic News. He also spoke about growth opportunities and the company’s contributions to Vietnamese economy and society. Marc Moeschlin, Managing Director, Bolloré Logistics Vietnam Co. Ltd What are main activities and achievements of Bolloré Logistics in Vietnam? Established in Vietnam in 1989, we were the first international logistics company with a set up in Ho Chi Minh City (HCMC). We now offer a full range of transport and logistics solutions, as well as customs brokerage and regulations advisory service, industrial projects handling, and Value-Added Services (VAS) warehousing solutions. We employ 180 people, and our head office in HCMC is supported by branches in … [Read more...] about Bolloré Logistics: Time to do business in Vietnam is now
Vietnam, France tighten strategic partnership
Bertrand Lortholary, French Ambassador to Vietnam On these meaningful special occasions, French Ambassador to Vietnam Bertrand Lortholary spoke to Vietnam Economic News’ My Phung more about prosperity and bright future of growing multifaceted cooperation between the two countries. What are your assessments of bilateral cooperation achievements after 45 years of bilateral diplomatic relation establishment and five years of strategic partnership? Our two countries have achieved an exceptional level of political relations, based on a unique and shared history, as illustrated by numerous historical landmarks such as President Mitterrand’s visit to Vietnam in 1993 or the Francophonie Summit in Hanoi in 1997 and President Chirac’s visit. Among all these landmarks, the most recent ones are President Hollande’s state visit to Vietnam in 2016 and, a few months ago, the official visit of the General Secretary of the Communist Party of Vietnam Nguyen Phu Trong, at … [Read more...] about Vietnam, France tighten strategic partnership
Vietnam’s economy growing steadily, but bearing pressure
VietNamNet Bridge - Following a prosperous 2017, Vietnam’s economy has been growing well despite the uncertainties of the global economy. However, problems are still ahead, especially those rising from the China-US trade war. The World Bank says Vietnam's GDP may grow by 6.8 percent in 2018 The World Bank’s latest forecast says Vietnam’s GDP may grow by 6.8 percent in 2018, a very slight decrease from the 6.81 percent growth rate in 2017. Vietnam will still be among the top growing economies in Asia. In the first six months of the year, Vietnam attracted $16.2 billion worth of FDI, which is an important resource for it to maintain the high growth rate. Of the amount, $6.47 billion was from Japan, $5.1 billion from South Korea and $2.39 billion from Singapore. RELATED NEWS Vietnam may have to choose between low growth rate or high inflation How will the Vietnam economy be in 2018? Mai Chi … [Read more...] about Vietnam’s economy growing steadily, but bearing pressure