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INTELLASIA FINANCE & BUSINESS NEWS - AUGUST 11, 2021
FINANCE
Reference exchange rate down 9 VND
Banking fees reduced to help customers overcome pandemic effects
Raising capital remains a stressful task
Fintechs raise capital to expand market share
VIB maintains strong growth momentum
Manulife Vietnam estimates average millennial needs $240k to fund comfortable retirement
New impetus needed to achieve 2021 economic growth target: experts
Like-minded nations striving to pursue global integration
Vietnam looks to become AI hub in Asean by 2030
Pangasius exports hit $931 million in first seven months
Exports of wood products surge 55 per cent in seven months
Mekong Delta shrimp exporters shrug off COVID problems
Report on impact of IUU yellow card on Vietnam's seafood industry released
Ministry of Finance proposes registration fee cut for electric cars
Vietnam, Laos ink series of agreements
Vietnam continues to purchase electricity from Laos
Unprecedented financial scheme proposed for building Dong Dang-Tra Linh Expressway
Overseas agritech firms' investment to boost Vietnam's agriculture
Vietnam remains attractive to multinational electronics companies.
Singaporean investors grasp the available opportunities
BUSINESSBIZ NEWS
Active cash flow supports VN Index
VN Index inches up, most blue chips fall
Vietnamese stock market to benefit from fast-paced vaccination in H2: PYN Elite
Pandemic, new tech drive growth in stock market investors
Businesses say they need standard anti-pandemic process to organise production
Strengthened international cooperation vital to development of Halal industry: Workshop
Online consultation supports agro-aquatic product exports to Netherlands
Quick vaccination key to ensuring smooth supply chain
Five postal companies provide 14,600 tonnes of essential goods to localities.
Hanoi sets up inter-sectional inspection team to handle 300 pending projects
COVID-19 deals blow to automobile sales in July
H1 surge in phone, laptop sales
Local fruit exports to China face array of hurdles
Corporates seek more flexibility in COVID-prevention measures
Vietnamese construction firms awarded contract to build My Thuan 2 Bridge
HCM City allows employees of listed stores to be out on work after 6pm
Thanh Hoa bolsters trade promotion activities
Long An calls investment in logistics centre in Ben Luc
HCM City-Moc Bai expressway project faces cost overrun
Nanogen ties up with Vekaria Healthcare LLP to produce Nanocovax vaccine
Vingroup sets up two battery production, AI application firms
Tech startups in Southeast Asia to break through $1 trillion in valuation by 2025
Loc Troi unveils new linkage model for rice production
Taiwan Mobile joins Tiki's Series E funding with $20 million
An Phat Holdings accelerates progress of Southeast Asia's largest green material manufacturing plant
Belgian start-up brings Vietnamese coconut water to EU consumers
Gemadept reports positive results but negative financial cashflow
KinderWorld the essence of Singaporean education
Vietnam's food delivery service Now rebranded as ShopeeFood
Please click here for details: Finance Vietnam News - August 11, 2021
Related News
VIETNAM ECONOMY INVESTMENT
VIETNAM’S PASSION FRUIT EXPORTS HIT RECORD HIGH OF OVER US$202 MILLION
According to the Department of Crop Production and Plant Protection under the Ministry of Agriculture and Environment, Vietnam’s passion fruit exports have expanded more than tenfold over the past decade, climbing from around US$20 million to US$222.5 million. By October this year, export turnover had already surpassed US$202 million, Vietnam News Agency reported.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
HCMC TO DEVELOP CAI MEP HA FREE TRADE ZONE TO BOOST LOGISTICS, TRADE
The promotion of the Cai Mep Ha Free Trade Zone is a concrete step to implement the revised Resolution 98, which was passed by the National Assembly on December 11 this year. Alongside the development of an international financial center, free trade zones are seen as a new but challenging area that could become a key driver for investment attraction and revenue growth in HCMC, Quang said.
VIETNAM ECONOMY INVESTMENT
AUTO SALES HIT YEAR-TO-DATE HIGH IN NOVEMBER
According to VAMA, November sales rose 4% from October. Passenger car deliveries climbed 5% to 28,557 units, while commercial vehicle sales edged up 1% to 10,273 units. Sales of special-purpose vehicles slipped 3% to 488 units. Domestic vehicle production showed stronger month-on-month growth. Sales of locally assembled vehicles increased 7% to 18,370 units, compared with a 1% rise in completely built-up imports.
HOSPITALITY / TOURISM / ENTERTAINMENT
VIETNAM WELCOMES 20 MILLIONTH INTERNATIONAL VISITOR IN 2025
Speaking at the ceremony, Deputy Minister of Culture, Sports and Tourism Ho An Phong said international arrivals to Vietnam in 2025 rose by around 21% year-on-year. The growth rate far exceeded the global tourism average of about 5% and the Asia-Pacific average of 8%. Compared with pre-pandemic levels, Vietnam’s tourism recovery has surpassed 110%, while global tourism has recovered to around 90%, according to the ministry.
VIETNAM ECONOMY INVESTMENT
HCMC PUBLIC INVESTMENT DISBURSEMENT REACHES 60% OF FULL-YEAR TARGET
HCMC has disbursed about 60% of its public investment plan assigned by the prime minister as of late November, reported the Vietnam News Agency. The city was tasked with disbursing more than VND120.3 trillion this year, including VND16.7 trillion from the central budget and nearly VND103.7 trillion from the local budget. It has allocated a total of VND153.6 trillion, 28% higher than the amount assigned.
MEMBER CORNER / PROMOTIONS
VIETNAM ECONOMIC NEWS INSIGHT & RECAP - NOVEMBER 2025
Vietnam’s November economic indicators reflect a month shaped by operational resilience amid significant weather-related disruption. Export activity continued to hold up, contributing to a stable trade surplus, while rising credit demand pointed to firms rebuilding inventories and preparing for year-end production cycles.
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