US-China trade deal forces firms to grow Business

US-China trade deal forces firms to grow

The recently signed US-China trade deal, an effort to calm trade tensions between the world’s two largest economies, will force Vietnamese businesses to grow in order to meet the challenges as well as the opportunities it brings, said economic experts.
Small banks struggle to meet Basel II deadline Business

Small banks struggle to meet Basel II deadline

Capital difficulties are putting pressure on some banks struggling to meet the central bank’s Basel II deadline of early next year, but experts suggest the central bank should not delay the process.
Remittances to Vietnam to further rise in 2019 Business

Remittances to Vietnam to further rise in 2019

Remittances to Vietnam are likely to further increase in 2019 because overseas Vietnamese people believe in the stability of the economy and see better investment opportunities, economist Nguyen Tri Hieu said.
Remittances to HCM City expected to pick up 9 percent Business

Remittances to HCM City expected to pick up 9 percent

Remittances to Ho Chi Minh City are expected to reach some 5.3 billion USD in 2019, a year-on-year surge of 9 percent, despite unfavourable global financial and monetary market, according to Deputy Director of the State Bank of Vietnam’s Ho Chi Minh City branch Nguyen Hoang Minh.
Vietnam’s tourism property market holds potential Business

Vietnam’s tourism property market holds potential

Vietnam’s tourism real estate market has the potential for strong development, but utilities and services are needed to attract investors, heard a seminar organised by the Vietnam Real Estate Association (VNREA) this week.
Forex rate forecast to remain stable till year-end Business

Forex rate forecast to remain stable till year-end

The Vietnamese dong was expected to remain broadly stable against the US dollar over the remainder of 2019 and to be slightly weaker on average over 2020, buoyed by robust foreign direct investment (FDI) inflows, dollar purchases by businesses, and a healthy foreign reserve position, experts forecast.