The increase in Chinese FDI in Vietnam is good news, but there are many risks that need to be anticipated.
VOV.VN - Vietnam and Bangladesh are forecast to reap benefits from becoming alternative sourcing destinations as the fashion sector is reckoned the most exposed amid an escalating US - China trade war with the US tariff threat of additional US$300 billion of Chinese imports, according to Fitch Solutions analysts.
Vietnamese exporters have been urged to prepare for any trade-related lawsuits and disputes arising from the escalating US-China trade war amid concerns that the two major powers will not reach an agreement at a meeting in Japan this month.
Chinese investors are pouring money ino Vietnam as a shelter from the US-China trade war.
The impact of the US-China trade war on Vietnam’s wood industry, including trade fraud risks, was highlighted at a workshop in Hanoi on June 21.
VOV.VN - Firms must consider measures on how to mitigate exchange rate risks such as forward and swap dealings in the face of the foreign exchange market undergoing sharp fluctuations, experts have noted.
The Vietnamese Government has succeeded in decreasing public debt from 53 percent of GDP in 2016 to 50.5 percent by the end of last year, according to Fitch Ratings.
VOV.VN - Sharp fluctuations in the global foreign exchange market stirred by Chinese yuan renminbi (CNY) depreciation could be a threat to the USD/VND exchange rate.
VOV.VN - Vietnam’s GDP value could suffer a slump of VND6 trillion (US$26.01 million) in the next five years due to impacts of the US-China trade war, Deputy Prime Minister Pham Binh Minh has cited preliminary calculations as saying.
VOV.VN - The annual conference on the Future of Asia is being hosted by the Nikkei Inc in Tokyo from May 30-31. High on the agenda of the conference is the trade war between the US and China and its impacts on Asia.
The escalating US-China trade war has affected many other countries, including Vietnam, said Prof. Liu Ying of the Chongyang Institute for Financial Studies under the Renmin University of China.
International press late last week mentioned the possibility of the US adding Vietnam to the list of the countries it needs to monitor for currency manipulation.
The US-China trade war and fluctuation in material prices have set a burden on Vietnamese steel companies, reducing profits and even causing losses in 2019’s first quarter.
The Vietnam National Garment and Textile Group (Vinatex) eyed a 12 percent increase in profit this year despite various challenges arising from the US-China trade war, Vinatex General Director Le Tien Truong said.
With trade protectionism increasing, Vietnamese companies should prepare for trade-related lawsuits and disputes but also capitalise on possible opportunities from the ongoing US-China trade war, a top trade remedy official has said.
Experts say the target growth rate of 6.6 to 6.8% for 2019 set by the National Assembly is feasible.
Vietnam is expected to cash in on container shipping in 2019 as the US-China trade war will make the country busier with import and export activities, experts said.
VOV.VN - Vietnam’s improved business climate, along with a number of external factors, would enable the country to receive a boost in foreign direct investment coming from China.
Trade between Vietnam and Canada in 2018 is estimated at CAD6.36 billion (US$4.6 billion), up 4.2% from the previous year, with the Southeast Asian nation recording a surplus of some CAD4.34 billion.
VOV.VN - The slow pace of changes has resulted in Vietnam missing out on a range of foreign direct investment opportunities from Japan.The 5-month period during the start of 2018 saw a significant slowdown in FDI growth as Japan’s capital into Vietnam reached only US$888 million.