Vietnam’s PMI has slumped to a six-month low in August due to slower client demand and US-China trade tensions restricting new orders and production, according to IHS Markit.
The low cost carrier will be operating four new routes connecting Phu Quoc to various domestic and international destinations, to serve the rising number of tourists and investors attracted to the Pearl Island of Vietnam.
Nicolas Audier, co-chairman of the European Chamber of Commerce in Vietnam (EuroCham), said that the trade pact will benefit not only companies and consumers, but also the welfare, wages and living standards of millions of people in Vietnam.
Share price of Conteccons Construction JSC (HOSE: CTD) hit its record low of VND96,800 ($4.2) in three years on June 18, witnessing a fall of over 33 per cent on-year.
The country has experienced 25 per cent growth on international visitor arrivals between 2016 and 2018, with tourism receipts accounting for some 11 per cent of GDP, according to Maybank Kim Eng Research.
Property management planning should be an essential part of any high-value property development project, according to Gareth Powell, Director of Property & Asset Management at JLL in Vietnam.
The start price of VinFast's electric scooters Klara in the first batch is reduced by 40 per cent compared to the actual price down to even below $1,000 each unit.
Vietnam Manufacturing Purchasing Managers’ Index (PMI) in September shows the first reduction in output prices in 13 months, slower rises in output, new orders and employment but business confidence rebounded from August’s low.
Vu Tien Loc affirmed that over the past years, the reform of Vietnam business environment and the implementation of free trade agreements have created breakthroughs but the spillover of foreign direct investment (FDI) is still very low.
The linkages between domestic and foreign direct investment (FDI) business have not been as good as expected, even weaker than Laos and Cambodia, resulting in a low development of supporting industries and technology transfer.
The economic structure has not been shifted and investment resources are being shifted mostly into the old and low value-added sectors, which are reflecting a distortion in Vietnam's labor productivity, according to Nguyen Duc Thanh, Vietnam Institute for Economic and Policy Research's president.
Vietnam's logistics industry has the potential to become a key economic sector; however, after 40 years of operation, it still shows many weaknesses.
Compared with some countries in ASEAN region such as Malaysia, Indonesia or Singapore, Vietnam has no brand in top 500 most valuable global brands while these countries have.
State Bank Governor Le Minh Hung said that securities loans amount to VND10 trillion (US$441 million), adding “The proportion of securities lending is very low compared to the total credit loan, a sharp year-on-year decrease.”
