VN POISED TO BECOME MANUFACTURER OF ESTABLISHED GLOBAL BRANDS
Việt Nam’s garment and textile sector is set to expand its market share globally, taking advantage of free trade agreements (FTAs) to become “a manufacturer of the world's established brands”, a trade and investment official has said.
EXCHANGE RATE FORECAST TO BE STABLE IN 2019
According to analysts from the Fitch Group’s Fitch Solutions Macro Research, the dong will weaken slightly against the dollar to VND23,700 by the end of the year, and average VND23,440 per dollar over 2019, which represents a 1.8 per cent depreciation from the average of 2018.
AUSTRALIAN PROPERTY FORUM IN HANOI & HCMC
JOIN US for an in-depth update on the Australian property market where we provide you with information on what is happening across the major asset classes, what capital cities are a favourite for investors and what types of property offshore investors are purchasing.
VCCI SUGGESTS CENTRAL BANK RECONSIDER CASH LOAN PROPOSALS
The Việt Nam Chamber of Commerce and Industry (VCCI) this week suggested the State Bank of Việt Nam (SBV) reconsider a proposal on limiting unsecured personal loans in cash by consumer finance companies.
VIETNAM TEXTILE AND GARMENT BUILDING NEW POSTURE
With an export target of US$40 billion set for 2019, this year is considered an important year for Vietnam's textile and garment industry in two potential export markets: Canada and Australia. Vietnam currently holds 4-5% market share in these markets. However, there are still many hurdles that the industry needs to overcome to capitalize on opportunities in CPTPP.
CENTRAL BANK ASKS FOR TIGHTENED CONTROL OVER REAL ESTATE LOANS
The State Bank of Việt Nam (SBV) has asked for the control over real estate loans by credit institutions to be enhanced, especially in areas showing signs of land price fever.
DANANG ANNOUNCES SMART CITY PROJECT
Danang envisions transforming itself into a smart city in three stages with the total cost of about VND2.1 trillion ($91.3 million). Recently, the Danang People's Committee held a conference to announce the project of building a smart city in Danang in front about 200 experts, equipment suppliers, co-operation partners, and foreign partners.
TOURISM FESTIVAL OPENS IN HO CHI MINH CITY
The Department of Tourism of Ho Chi Minh City launched a tourism festival in the city on April 11 under the theme “Happy Summer 2019”. Speaking at the opening ceremony, Director of the department Bui Ta Hoang Vu said several promotion programmes are offered at the four-day event.
