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
Vietnam rice exporters list
Vietnam establishing itself as safe investment destination: Japan expert
A footwear factory of the Japanese-invested Midori Safety Footwear Vietnam Co. Ltd in the Dien Nam - Dien Ngoc Industrial Park, Quang Nam province (Photo: VNA) Hanoi (VNA) – Professor Ryo Ikebe from the Senshu University of Japan has noted improvements in Vietnam’s economy and the two countries’ economic ties during an interview with Vietnam News Agency on the occasion of the 45 years of diplomatic relations. Ikebe, who formerly served as chief representative of the Japan External Trade Organisation (JETRO) in Hanoi, said Vietnam was originally viewed as an agricultural exporter with strong items like rice, coffee, tea and seafood. However, its export list has expanded to industrial products such as smartphones and automobile spare parts. Vietnam has gradually entered the group of industrial countries by exporting these products. As a result, supporting industries that manufacture components and spare parts will also be promoted to step up … [Read more...] about Vietnam establishing itself as safe investment destination: Japan expert
Vietnam raises $51mn from selling 23% of firm at IPO
The Vietnamese government raised 1.16 trillion dong ($51 million) from selling a 23 percent stake in top rice exporter Vietnam Southern Food Corp (Vinafood II) at an initial public offering on Wednesday, exchange data showed. The company sold all of the 114.83 million shares on offer on the Ho Chi Minh City Stock Exchange. The sale of state-run Vinafood II is part of Vietnam’s broader privatization program to increase efficiency and performance of state-owned enterprises. The program, supported by a strong stock market, will also fill the government’s coffers as public debt nears the mandated ceiling of 65 percent of gross domestic product. Vietnam’s main stock index rose 48 percent last year, making it Asia’s strongest performer. Trading and retailing firm Hanoi Trade Corp said last month it aimed to raise around $43 million by selling a 34.5 percent stake in an IPO on March 30. Vinafood II has rice processing plants with an annual capacity of three million … [Read more...] about Vietnam raises $51mn from selling 23% of firm at IPO
The endless quest for fabled thousand-dollar wood in central Vietnam
Daring hunters spend weeks in the jungle searching for a fragrant wood worth more than gold, but some never return. It’s a hunt that takes much more than it ever gives. Nguyen Trong Tiet knows it better than most, but a price tag of tens of thousands of dollars for each kilo of wood is too much for him to pass up. (Vietnam's annual average income was $2,200 last year.) For decades he has been part of a group of hunters in central Vietnam who risk death from malaria, jungle carnivores, robbers and the tough jungle itself in search of something that would change their lives. Agarwood is dark resinous heartwood that forms in Aquilaria trees when they become infected with a type of mold. With a rare pungent, earthy scent, the wood can sell for VND1 billion ($44,000) a kilogram and is used to make expensive incense and perfume. Oud oil, distilled from the wood, is also used to treat insomnia and rheumatism, and as a pain killer, diuretic, digestive aid and skin tonic. It is … [Read more...] about The endless quest for fabled thousand-dollar wood in central Vietnam
Bản in : US named Vietnam’s biggest export market
Hanoi (VNA) – The US was Vietnam’s biggest export market in the first 11 months of 2015 with a turnover of 30.6 billion USD, up 17.6 percent year-on-year, said the General Statistics Office (GSO). It was followed by the European Union (EU), with 28.1 billion USD; ASEAN, 17 billion USD; China; 15.6 billion USD; Japan, 12.8 billion USD; and the Republic of Korea, 8.4 billion USD. According to the GSO, Vietnam’s export turnover was estimated at 148.7 billion USD in the 11-month period, an 8.3 percent year-on- year increase. Of the figure, 43.6 billion USD was contributed by domestic businesses and the remainder by the foreign investment sector (including crude oil). Phones and spare parts topped the list of foreign currency earners, fetching 28.5 billion USD, up 29.6 percent. It was followed by garments, with 20.7 billion USD; computers and spare parts, 14.3 billion USD; and footwear, 10.8 billion USD. However, some agricultural and mineral products such as crude oil, … [Read more...] about Bản in : US named Vietnam’s biggest export market