News
Vietnam leads emerging market greenfield FDI performance index
Vietnam has topped a performance index for greenfield foreign direct investment, leading all other emerging markets by a wide margin. The southeast Asian country ranked number one in a study by fDi Intelligence, an FT data division, which looked at inbound greenfield investment since 2003 relative ...
China growth slowdown may widen Vietnam trade gap, official says
China’s economic slowdown may widen Vietnam’s trade deficit as the Southeast Asian nation counts on its largest trading partner to buy commodities, according to a government official. “It would hurt our exports to China, especially with agricultural products,” Nguyen Duc Kien, deputy head of the National ...
Smuggling cases on the increase at border posts
The number of smuggling cases in Vietnam handled in the first six months of the year rose by 35 per cent compared to the same period last year, reported the National 389 Steering Committee. The statistics were released on 10 July at an online meeting of the ...
Cambodia, Vietnam to visit border
Cambodian and Vietnamese officials will visit Svay Rieng province next week as part of efforts to resolve ongoing border disputes, but the exclusion of journalists has sparked criticism over the negotiations’ lack of transparency. Border Post 203 in Kampong Ro district has been a flashpoint in ...
World Bank loans Vietnam $507 mln for agriculture, poverty reduction, transport
Vietnam’s central bank and the World Bank on Thursday signed four credit agreements totaling US$507 million to support Vietnam’s priorities in sustainable agriculture, poverty reduction, and a bus rapid transit system. The financing covers four projects: the Sustainable Agriculture Transformation Project (US$238 million), additional financing for ...
Mekong Delta summer-autumn rice output seen up 1.6 pct
The summer-autumn paddy rice output in the Mekong Delta, Vietnam’s food basket, is projected to rise 1.6 percent from last year to 9.07 million tonnes, the Vietnam Economic Times newspaper reported, citing data from the agriculture ministry. Keep reading ...
Life insurers break records in Vietnam - but from a very, very low base
Life insurance premiums in Vietnam are on track for yet another record year, but industry observers say the gains are coming from a very low base and that foreign insurers have yet to truly crack the market despite dominating the sector. Premiums from life insurance plans ...
Vietnam tax authorities come under fire for naming, shaming defaulters
Tax offices in Hanoi and Ho Chi Minh City have released lists of hundreds of businesses with huge overdue taxes in an effort to shame them into paying the money. They also threatened to block bank accounts or invalidate invoices of businesses that fail to ...
Southeast Asia drought forces farmers to leave fields unplanted
A severe lack of rain and higher-than-normal temperatures in parts of Vietnam, Laos and Cambodia have caused some farmers to leave their fields and rice paddies unplanted, sources inside the developing Southeast Asian countries said. Farmers in Ha Tinh province in central Vietnam have been forced ...
Vietnam axes $200mln plant project as Taiwanese giant dawdles
Vietnamese authorities in the northern province of Vinh Phuc have recalled a license for a US$200-million factory invested by the world’s largest electronics manufacturer Foxconn. The Taiwanese company, which has partnered with many giants including Apple and BlackBerry, had failed to kick-start the project licensed in ...
