Vietnams economy

Two weeks ago, hundreds of spectators who are representatives of enterprises and reporters, thronged the headquarters of the Vietnam Chamber of Commerce and Industry (VCCI) to witness its Vietnam Business Council for Sustainable Development (VBCSD) and three foreign companies – Coca-Cola Vietnam, Dow Chemical Vietnam, and Unilever Vietnam – jointly ink a memorandum of understanding (MoU) for implementing the ‘Zero Waste to Nature’ initiative. … [Read more...] about Global powerhouses to back circular economy

As we move into the year’s second quarter, the GSO has put forth three scenarios for economic growth in the year ahead. The first scenario sees the epidemic lasting until the end of the second quarter, causing GDP growth for the whole year to grow at over 5%. The second scenario involves the epidemic dragging out until the end of the third quarter, in which case GDP growth is forecast to stand at over 5%, but lower than the level seen in the first scenario. In the third scenario, GDP growth for the year is expected to reach 6.8% as set out by the National Assembly. … [Read more...] about Solutions for Vietnam to maintain its current economic growth

According to economic expert Dr. Ngo Tri Long, there has yet to be indications of growth in the second quarter of the year in terms of both the global and Vietnamese economies due to the complicated developments of the COVID-19 epidemic. In the current context, keeping a check on the disease and continuing to stabilize production and business activities should be the top priority for the time being. … [Read more...] about Solutions for Vietnam to maintain its economic growth

“The ambiguity in regulatory policy confuses foreign investors. While many regulations are made timely, laws and regulations governing foreign investment are often inexplicable and often inaccurate. Excessive time and costs on interpreting and querying regulatory policy are clearly barriers to investment. If an agency dedicated to resolving issues arising from foreign investment was to be created, as is found in many countries, Vietnam would certainly attract more foreign investment.” VN Economic Times … [Read more...] about Vietnam’s IT and finance catching South Korean attention

Vietcombank’s completion of the sale of shares to foreign investors in early 2019 and BIDV’s action in late 2019 are expected to help attract foreign banks to Vietnam. Vietnam’s commercial banks have been told to list shares on the bourse by 2020 at the latest, under a banking development strategy by 2025. The banks are actively looking for foreign strategic partners to sell shares to before the official listing. … [Read more...] about Foreign banks returning to Vietnam