Photo for illustration (Source: VNA) German finanzen.net reveals the secrets that help Vietnam become more attractive to foreign investors. It noted that from August 2017 to early 2018, the Hanoi stock market increased more than 60 percent thanks to the country’s efforts to continue opening door to investors. Gross domestic product (GDP) growth and retail sales were stable. The tourism industry was developing. Inflation was kept at a low level. Forbes magazine evaluated that the Vietnamese government’s policies on foreign investment attraction, state asset equitsation and trade liberalisation remain stable and predictable. China’s news agency Xinhua cited the latest report of the World Bank as saying that Vietnam received approximately USD13.8 billion in 2017, up 16 percent on year, being listed among the world’s top 10 recipients of remittances in 2017. Indonesia’s daily newspaper Jakarta Globe carried a story saying the six agreements signed during … [Read more...] about Int’l press highlights Vietnam’s impressive economic development
Vietnam latest news
Vietnam should prepare for US Fed’s rising prime interest rate
VietNamNet Bridge - The US Federal Reserve may adjust the prime interest rate once more, according to Can Van Luc, chief economist of the Bank for Investment & Development of Vietnam (BIDV). The interest rate increase won't have big impacts on the economy International mass media reports that the FED plans to lift the interest rate three times in 2018 to 2.1 percent per annum by the end of this year. The current interest rate is 1.25-1.5 percent. However, Luc believes the FED is likely to adjust the interest rate four times instead of three. He noted that the amount of money pumped into the US economy as a result of Trump’s policies is relatively high in the context of price increases and the weak dollar. This could be why the US FED has raised the interest rates to curb the inflation rate at below 2 percent. An analyst commented that the interest rate increase does not have a big impact on the global economy as it had in the past, because the adjustment is … [Read more...] about Vietnam should prepare for US Fed’s rising prime interest rate
Hanoi exhibition showcases latest broadcasting technology
A drone competition during the previous VIBA Show. A similar event will take place at the VIBA Show 2018. (Photo courtesy of the Exporum Vietnam) Hanoi (VNA) - An exhibition displaying the latest broadcasting equipment and technology is being held in Hanoi on April 5-7. The Vietnam International Broadcast & AV (VIBA) Show allows visitors to watch films screened with modern technology, attend photo shows and sound performances and play games with virtual reality (VR) glasses. Visitors will also experience modern equipment and technology such as Digital Video Broadcasting – Terrestrial, drones, virtual reality (VR), 4K TV, ultra-high definition television and broadcast services from Vietnam and overseas companies. “This year, we want to emphasise how contents can be useful to normal life with VietCON (Vietnam Content Showcase),” said Kim Jeong-hun, General Director of Exporum Inc, organiser of the event. “Our main exhibitors are TV stations, game … [Read more...] about Hanoi exhibition showcases latest broadcasting technology
Latest broadcasting technology to be displayed
A drone competition during the previous VIBA Show. A similar event will take place at the VIBA Show 2018. — Photo courtesy of the Exporum Vietnam An exhibition of the latest broadcasting equipment and technology will be held in Ha Noi on April 5-7. The Viet Nam International Broadcast & AV (VIBA) Show will allow visitors to watch films screened with modern technology, attend photo shows and sound performances and play games with virtual reality (VR) glasses. Visitors will also experience modern equipment and technology such as Digital Video Broadcasting – Terrestrial, drones, virtual reality (VR), 4K TV, ultra-high definition television and broadcast services from Viet Nam and overseas companies. “This year, we want to emphasise how contents can be useful to normal life with VietCON (Viet Nam Content Showcase),” said Kim Jeong-hun, general director of Exporum Inc, organiser of the event. “Our main exhibitors are TV stations, game companies, VR/AR … [Read more...] about Latest broadcasting technology to be displayed
Vietnam’s textile & garment industry expect big benefits from EVFTA
VietNamNet Bridge - Once the EU-Vietnam FTA (EVFTA) is signed and the tariff is cut to zero percent, textile and garment exports to the market may obtain 7-8 percent growth rate per annum, experts say. Vo Van Kien Nhan from Viet Tien Garment JSC said he is looking forward to the signing of EVFTA and puts high hopes on the agreement, though he anticipates serious competition from foreign brands such as Zara and H&M. The belief in the high export growth rate from the EU is consolidated by optimistic forecasts about the EU economy. The International Monetary Fund (IMF) predicts a 2.2 percent GDP growth rate for the EU this year. Rong Viet Securities, in its latest report, also affirmed that in the context of the world’s stable economic growth, especially in the EU, the shock to Vietnamese enterprises caused by the sharp fall orders in 2016 will not occur again. RELATED NEWS Vietnam, EU move to finalise EVFTA ratification EVFTA to be ratified in 2018 … [Read more...] about Vietnam’s textile & garment industry expect big benefits from EVFTA