Business

Car market in 2020 remains an unknown

Car market in 2020 remains an unknown

The government will soon issue the legal document amending Decree 116 on the conditions for manufacturing, assembling, and importing cars, and providing car maintenance services.

Reforms to be growth driver in 2020

Institutional reforms will continue to be the major growth driver in 2020 and beyond, while a focus would be placed on removing barriers and connecting firms to establish value chains, Chairman of the VCCI Vu Tien Loc said.

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Travel firms cancel tours to China to avoid spread of novel coronavirus

Several Vietnam’s major tour operators have simultaneously announced a postponement of all tours to China and support for any affected customers amid the ongoing outbreak of acute pneumonia caused by a novel coronavirus (nCoV) in China.

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Deputy PM conducts sudden price check at Nghe An supermarket

Deputy Prime Minister Vuong Dinh Hue made a sudden visit a market and supermarket in the northern central province of Nghe An a day before Tet.

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High uncertainties remain for HCMC apartment market

Some 30,000 - 35,000 apartments are expected to launched officially in Ho Chi Minh City this year, mainly contributed by Vinhomes Grand Park project, said the real estate services provider JLL Vietnam, noting that the number is subject to

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International fast fashion brands see opportunities in Vietnamese market

A number of famous international fast fashion brands have arrived in the promising Vietnamese market.

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Pet hotels work through Tet

Pet hotel services in Hanoi are in hot demand as many people need a safe home for their pets when they return to hometown or travel during Tet Holiday.

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Vietnamese firms look for garment supplies in India

Vietnamese firms took an active part in the 64th India International Garment Fair (IIGF) in New Delhi from January 20-22, looking for supplies of garment materials and accessories.

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As many as 706 enterprises, 85 percent of 832 listed companies on the Vietnamese stock market, generated profits during the third quarter of this year.

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The Government’s foreign debts have been declining sharply and under the Government’s control, Deputy Prime Minister Vuong Dinh Hue said while chairing a meeting with leaders of some ministries, sectors and the National Financial Supervisory Commission.

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Foreign financial institutions were eyeing up poorly-performing Vietnamese banks after being given the green light to acquire stakes in local institutions in a move to speed up the restructuring of the country’s banking industry, according to banking expert Nguyen

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Vietnam had 12,327 people with USD3 million to below USD30 million in net assets by the end of 2018, up 23% over the past five years and the figure is projected to reach 15,776 people by 2023.

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Many banks have seen their service earnings accelerate, buoyed by increasing investment for the business segment and rising market demands.

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Vietnam has set a target to restrain inflation at below 4% in 2019, however, there may be challenges.

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