Vietnam business news

Vietnam may see negative impact from trade war in 2020: economists “We think that in 2020-2022, Vietnam may face negative impact from the trade war instead of short-term positive impact, ” said Tran Toan Thang from the Centre for Socio-Economic Information and Forecast (NCIF). … [Read more...] about Vietnam prepares for bad news from Middle East tensions

A stabilisation of credit growth will reduce pressure on the central bank to deliver any broad-based monetary easing through its benchmark policy rates to strengthen economic growth and instead allow it to focus on managing inflation. Accordingly, Fitch Solutions forecast Vietnam’s benchmark refinancing rate to remain at 6.00% through 2020. Inflation surged to 5.2% y-o-y in December 2019, from 3.5% y-o-y in November 2019 and 2.2% y-o-y in October 2019, on the back of surging food inflation (40% of the inflation basket). Food inflation almost doubled to 9.2% y-o-y in December 2019, from 5.6% y-o-y in November 2019, on the back of rocketing pork prices due to the outbreak of African Swine Fever, which has affected all 63 provinces in Vietnam. … [Read more...] about Vietnam’s credit growth to stabilise, inflation to be elevated In 2020: Fitch Solutions

The number of customers making payments with ewallets remained limited, at 17% of Vietnamese shoppers in 2018 - PHOTO: TNO According to the Ecommerce White Book 2019 recently launched by the Vietnam Ecommerce and Digital Economy Agency, cash payments still dominated other methods. Some 90% of online buyers made their payments in cash rather than with ATM cards, credit cards or ewallets. … [Read more...] about Payments by ewallets, ATM cards remain low in Vietnam

In 1991, the private economy started to develop. Yet it was still in the form of 'ask and give'. Then in the year 2000, instead of 'ask and give' the Government issued a policy that any business had to register with all concerned Government agencies. And then in 2015, the law changed and all Vietnamese citizens could do anything they wanted as long as they didn't break the law. … [Read more...] about Positive thinking will help Vietnam fly high

Vietnam has become a tourist hotspot in recent years, with the number of international tourists growing at a CAGR of 15.4% from 2013-2018. With business destinations such as Ho Chi Minh City and Hanoi and upcoming Tourist Destinations such as Da Nang, Vietnam’s Hotel industry is sure to witness a boom in future. … [Read more...] about Ken Research reveals Vietnam real estate market outlook to 2025