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Category: EconomySubscribe via RSS Feed

Auto imports see record drop in Q1

14-Apr-2020 Intellasia | VNS | 6:02 AM

Vietnam imported 8,000 cars worth $163 million in March, according to the general Department of Customs. The figures were down 22 per cent in volume and 26.6 per cent in [...]
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Binh Duong Province’s exports grow by 3.6 per cent in Q1

14-Apr-2020 Intellasia | VNS | 6:02 AM

Despite the difficulties caused by the COVID-19 pandemic, Binh Duong Province managed to expand exports by 3.6 per cent in the first quarter of the year to $5.8 billion, [...]
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Ministry launches investigation into anti-dumping duties on polyester yarn

14-Apr-2020 Intellasia | VNA | 6:02 AM

The Ministry of Industry and Trade has issued a decision on investigating anti-dumping duties on polyester filament yarn (PFY) with HS codes: 5402.33.00, 5402.46.00 and [...]
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HCM City tax revenues fall well short of target

14-Apr-2020 Intellasia | VNS | 6:02 AM

HCM City’s daily tax revenues have fallen by 31 per cent in the first quarter of this year because of the Covid-19 pandemic, the chair of its People’s Committee, [...]
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Vietnam still ranks among fastest growing economies in Asia despite Covid-19

11-Apr-2020 Intellasia | The Saigon Times | 6:02 AM

Vietnam’s economic growth rate in 2020 is forecast to drop sharply to 4.8 percent due to the impact of Covid-19, but it will remain one of Asia’s fastest growing [...]
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Ministry urges VCCI to speed up registration of REX Code to facilitate exports

11-Apr-2020 Intellasia | VNS | 6:02 AM

The Ministry of Industry and Trade has urged the Vietnam Chamber of Commerce and Industry to speed up the registration of REX codes for producers to facilitate exports to the [...]
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Vietnam government expands credit aid package to $12.73 billion

11-Apr-2020 Intellasia | Hanoi Times | 6:02 AM

Enterprises should be provided with sufficient credit and utmost support to stay float, said prime minister Nguyen Xuan Phuc. The monetary aid package for businesses and [...]
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Cargo handled at seaports up in Q1

11-Apr-2020 Intellasia | VNA | 6:02 AM

The volume of cargo handled at Vietnam’s seaports reached nearly 160 million tonnes in the first quarter, up 8.4 percent over the same period last year, according to [...]
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Crunch time for expressway PPPs

11-Apr-2020 Intellasia | VIR | 6:02 AM

The key Eastern Cluster of the North-South Expressway venture has run aground, prompting the Ministry of Transport to reconsider investment scenarios to improve the [...]
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Fitch revises outlook on Vietnam to Stable; affirms at ‘BB’

11-Apr-2020 Intellasia | VNS | 6:02 AM

Fitch Ratings has revised the outlook on Vietnam’s long-term foreign-currency issuer default rating (IDR) to stable, from positive, and has affirmed the rating at [...]
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Hanoi Party chief considers public investment second priority after Covid-19 fight

11-Apr-2020 Intellasia | Hanoi Times | 6:02 AM

Accelerating public investment is one of Hanoi’s key economic solutions this year which would help the city to achieve its objectives, said Hanoi Party chief Vuong Dinh [...]
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PM tells ministries to propose measures for propping up virus-hit economy

11-Apr-2020 Intellasia | The Saigon Times | 6:02 AM

Prime minister Nguyen Xuan Phuc has ordered ministries and agencies to map out solutions to prop up Vietnam’s economy hard hit by the coronavirus pandemic and present [...]
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Wood export turnover grows 16pct in Q1

11-Apr-2020 Intellasia | VNA | 6:02 AM

Vietnam’s export value of wood and wooden products reached 2.7 billion USD in the first quarter of 2020, representing a year-on-year increase of over 16 percent, [...]
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Oversupply and COVID-19 pandemic combine to slow tea exports

11-Apr-2020 Intellasia | VOV | 6:02 AM

Vietnam’s tea exports to major foreign markets such as Taiwan, China, and Russia have significantly dropped as a result of oversupply and the ongoing impact of the [...]
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Vietnam government lowers FIT for solar power projects

11-Apr-2020 Intellasia | Hanoi Times | 6:02 AM

The new feed-in-tariffs will be valid for 20 years. The Vietnamese government has enacted a list of new feed in tariffs (FITs) for solar power in Vietnam that is lower than [...]
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