Capital Economics expects Vietnam’s economy to grow by around 7% this year, with strong export demand once again set to be the main driver of economic growth, despite global challenges.
The number of capital contribution and share acquisition transactions conducted by Chinese enterprises in Vietnam in the January-November period of this year skyrocketed by more than 82% over the year-ago period, raising concerns of potential origin fraud.
To dominate the cross-border e-commerce market, Amazon has set up a representative company in Vietnam, while Alibaba has organized a series of workshops.
VOV.VN - Vietnam raked in an estimated US$24.77 billion in turnover from the export of garment and textile products during the first nine months of the year, up 10.4 per cent on year, according to statistics released by the Ministry of Industry and Trade.
Secretary-General of the Association of Southeast Asian Nations (ASEAN) Lim Jock Hoi has expressed his confidence that the Regional Comprehensive Economic Partnership (RCEP) will be completed in principle before Thailand’s chairmanship ends at the end of this year.
The Vietnam Textile and Apparel Association (VITAS) said the total export value of textiles, fiber, and cloth reached 25.7 billion USD in the first eight months of the year, up 8.6 percent year on year, including 60.6 percent from foreign direct investment (FDI) enterprises.
VOV.VN - Vietnam’s garment and textile sector has been suffering huge losses since late 2018 as a result of the fallout from the US-China trade war, according to a report released by the Ministry of Industry and Trade.
The Vietnamese footwear market may face problems if the US imposes a tariff of 25 percent on Chinese products in the current trade war.
Vietnam’s economy has been better off over the last three years with exports growing rapidly.
With the trade war spurring demand, gold prices in Vietnam have risen by 4.97 percent this week to their highest levels in six years.
VOV.VN - Vietnam’s economic growth in 2019 could struggle to enjoy the same pace that it did in 2018 while experts have warned inflation this year, pressed by a tightened fiscal policy, is forecast to be higher than the rate seen last year.
Economists at a forum on Vietnam’s economic integration in December last year all agreed that Vietnam needs to prepare for the rising economic and political influence of China.
Interest rates for VND deposits would remain stable or even decline over the next few months, analysts from Saigon Securities Inc. (SSI) forecast.
Vietnam should take advantage of the opportunities offered by the US-China trade war but also be aware of the negative consequences, experts said on December 13 at a meeting in HCM City.
Vietnamese businesses have been advised to apply the advance origin ruling mechanism to reduce risks amidst significant changes in global trade, such as the US-China trade war.
The trade war between neighboring China and the United States provides Vietnamese manufacturers with new opportunities to penetrate the American market.
A conference on the impact of the China-American trade war and the measures local enterprises should adopt to cope with them is slated to kick off on November 23 in HCMC’s District 1.
New industrial property projects will come online just as foreign investors relocating due to the US-China trade war will boost demand in Vietnam.
Yokowo and Zhejiang Hailide New Material’s plan to relocate their factories from China to Vietnam shows that Vietnam will be one of the leading destinations for investors operating in China due to the impact of the US-China trade war.
The Vietnam International Arbitration Center (VIAC) will coordinate with the HCM City International Integration Support Center (CIIS) to organize a seminar, themed “The U.S.-China trade war: Prospects and risks for Vietnamese import-export enterprises,” in HCM City tomorrow (October 24).