According to the Prime Minister, the change will bring a new momentum for the Vietnamese stock market in the Year of the Mouse. The action also demonstrates the Government’s determination to complete the policies and activities to boost the local markets. — VNS … [Read more...] about Vietnamese shares to struggle with profit-taking before Tet break
Late summer bank holiday
Maple forests in Vietnam
As cable cars to Fansipan Peak are available now, tourists—especially those who love mountain climbing—have recently shifted from trekking Fansipan mountain range stretching along Lao Cai and Lai Chau provinces to trekking Ta Lien and Putaleng mountains in Tam Duong District, Lai Chau Province. … [Read more...] about Maple forests in Vietnam
Peacetime in sight for the dong
“The pressure that might depreciate the dong in Q1 and the first half of Q2 was quite high,” said Le Quang Trung, deputy general director and head of the treasury and capital division at VIB Bank. However, he said, things changed in Q2 and Q3. Instead of lifting interest rates the Fed did the opposite, bringing them down to promote economic growth, and thus the flow of foreign direct investment (FDI) returned to Vietnam, a country said to benefit from the trade war between the U.S. and China. … [Read more...] about Peacetime in sight for the dong
HCMC’s leaders offer Tet gifts to needy people in Quang Nam, Da Nang
On January 19, HCMC Party Committee Secretary Nguyen Thien Nhan had a working session with the Provincial Party Committee, People's Council, People’s Committee, Vietnam Fatherland Front Committee in Hoi An and handed over VND500 million to the local authorities to help the poor enjoy Tet holidays. … [Read more...] about HCMC’s leaders offer Tet gifts to needy people in Quang Nam, Da Nang
Not too many macro fluctuations expected for 2020
If viewed from the demand side, two factors should be noted as they are detrimental to Vietnam’s GDP growth in 2020. One is the growth rate in the country’s key export markets—namely the EU, China and Japan—is forecast to stage only a modest recovery. Meanwhile, it is very unlikely that export stateside can be as impressive as in 2019, when a rate of 28% was achieved, due to tightened regulations on the country of origin. Two is about consumption in Vietnam where retail sales may be lower than in 2019 as inflation soars, in particular in the first half of 2020. … [Read more...] about Not too many macro fluctuations expected for 2020
