The Hanoitimes - A recent 8.36%-hike in electricity price, as well as an increase in world oil price since the beginning of 2019 do not have a major impact on Vietnam’s consumer price index. Vietnam’s 4% inflation target in 2019 within reach: Experts Tet demand pushes Vietnam's consumer prices up 0.8% in February Vietnam’s average inflation in 2019 is estimated at around 3.5%, according to Bao Viet Securities Company (BVSC). The consumer price index (CPI), a gauge of inflation, rose 0.1% and 0.8% month-on-month in January and February, respectively. The strong increase in February came from the increasing goods demand during Tet Holiday, therefore, should not be worrisome, stated BVSC in its report. Overall the CPI stood at 2.64% year-on-year by the end of Feb 2019, maintaining a downtrend and significantly decreasing from the peak of 4.67% recorded last May. This cooling down of the CPI year-on-year derived mainly from transport cost (down 3% … [Read more...] about Vietnam’s inflation in 2019 predicted at 3.5%
The Hanoitimes - South Korea remained Vietnam’s top investor, posting annual registered capital of FDI in range of US$7 – US$9 billion over the last five years. South Korea’s SK Group to invest US$1 billion in Vietnam’s Vingroup: Bloomberg South Korea’s unicorn Woowa Brothers acquires Vietnam’s food delivery Vietnammm South Korea’s major conglomerates seek investment expansion in Vietnam South Korea’s leading corporations tap into Vietnam’s finance - banking sector Vietnam – South Korea relations are built on high level of mutual trust, and the two countries share similarities in culture and history, according to South Korea Ambassador to Vietnam Kim Do Hyon. Overview of the conference. Source: Ngoc Thuy. “Being the host of the second North Korea – US summit, Vietnam plays a key role facilitating cooperation between the North and the South,” Kim said at the eighth International … [Read more...] about Vietnam – South Korea relations built on high level of mutual trust: Amb.
Many RoK firms seek for business and investment opportunities at the workshop. During the 8th International Economic and Financial Conference themed “Vietnam-Korea, an innovative growth plan for common prosperity” which was organized in Hanoi on March 22, delegates from both sides had a unified view that economic cooperation between Vietnam and the RoK has been thriving in recent years, with extensive scope in terms of human resources, tourism, and finance-banking. According to a recent survey released by Vietnam Chamber of Commerce and Industry (VCCI), the Southeast Asian country is expected to welcome investment capital flows from more than 8,000 foreign enterprises, including those from the RoK. Several RoK firms reportedly plan to enlarge their production and business in Vietnam. LG, POSCO, CJ, and Hyosung are among the big names working to deepen their footprint in the Vietnamese market. GM_EN_PC_ARTICLE_Native_ads Vietnam has proven to be an ideal … [Read more...] about RoK firms eager to augment cooperation with Vietnamese partners
VinFast engineers check cars before transporting them to 14 countries for testing (Source: Vietnamplus) Testing process will last between now and August 2019 (Source: Vietnamplus) (Source: Vietnamplus) Transport process is divided into several phases, to 14 countries in Europe, Asia, Australia, Africa and Vietnam to ensure VinFast cars respond well to all climate and traffic conditions (Source: Vietnamplus) (Source: Vietnamplus) (Source: Vietnamplus) VinFast vehicles will undergo more than 100 tests on testing system of the world’s largest automakers (Source: Vietnamplus) After testing process is over, VinFast will carry out mass production of commercial versions of Fadil and Lux models (Source: Vietnamplus) VinFast engineers check cars before transporting them to 14 countries for testing (Source: Vietnamplus) Testing process will last between now and August 2019 (Source: Vietnamplus) Transport process is divided into several phases, to 14 countries in Europe, … [Read more...] about VinFast sends cars abroad for testing
The central bank continued to net withdraw đồng over the past few weeks. - VNA/VNS PhotoViet Nam News HÀ NỘI – Liquidity in the interbank market has been abundant, helping the State Bank of Việt Nam (SBV) resume the issuance of treasury bills after five months to withdraw Vietnamese đồng from the banking system. Reports from Saigon Securities Incorporation (SSI) showed the SBV withdrew VNĐ17 trillion (US$729.6 million) via the issuance of seven-day bills at interest rate of 3 per cent per year. In addition, the central bank also net withdrew another VNĐ6.4 trillion via open market operation (OMO). According to SSI analysts, the move could be either SBV starting to show signs of a capital withdraw period after four consecutive months of money injection, or an indication of SBV’s short-term policy to maintain the overnight interbank rate at a minimum of 3 per cent per year. Though the SBV withdrew up to VNĐ162 … [Read more...] about Central bank issues treasury bills for the first time in five months