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Public debt set to rise on the back of Brexit turmoil
The depreciation of the Vietnamese dong against the Japanese yen and US dollar, in the wake of Britain’s referendum on its European Union membership, will raise Vietnam’s public debts as the majority of the debt is in these two currencies.
Hanoi serviced apartment market poised for expansion
The serviced apartment market in Hanoi, which has experienced little fluctuation in recent years, is poised to see an increase in both supply and demand.
Hanoi to issue vehicle ban in inner-city areas by 2025
Hanoi has announced a plan to ban motorbikes from the inner-city area from 2025, to reduce urban traffic, which is considered one of the most complicated problems in the capital, according to newswire Vnexpress.vn.
ACV seeks to increase airport service fee
Airport Corporation of Vietnam has just requested permission from the Ministry of Transport to raise service fees at domestic airports.
German group invests US$50 million in Danang component factory
Germany’s Marquardt Group plans to develop an automotive component production factory with the initial investment capital between US$35 and US$50 million in the central province of Danang.
Confidence in economy rise
Vietnam’s economy continued to recuperate in this year’s first half, spurred on by a recovery in production and enterprises’ growing confidence.
Gauging the knock-on effects of Brexit
The UK’s decision to leave the European Union sent the Vietnamese stock market into turbulence on June 24, but experts noted that the effects are likely to be short-term.
Kido gloves are off in M&A bout
Kido Group plans to dominate the consumer food market in 2016 by making aggressive merger and acquisition deals.
Foreign landmarks rise in second city
Foreign developers have been developing many landmark real estate projects across Ho Chi Minh City during the first half of the year.
Dong insulated from Brexit fallout
Vietnam’s economy as well as its currency is unlikely to be adversely affected by the UK’s decision to opt out of the European Union.