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.
Singapore: Unemployment rate rises in Q3 World

Singapore: Unemployment rate rises in Q3

The overall unemployment rate in Singapore rose in the third quarter of this year to the highest level since 2009, according to the Singapore Ministry of Manpower (MOM).
Vietnam Industry White Paper 2019 released  Business

Vietnam Industry White Paper 2019 released

The Vietnamese Ministry of Industry and Trade (MoIT)’s Industry Agency and the UN Industrial Development Organisation (UNIDO) on October 22 released the Vietnam Industry White Paper 2019.
SMEs fail to make use of plentiful assistance in HCM City Business

SMEs fail to make use of plentiful assistance in HCM City

A number of organisations in Ho Chi Minh City have provided assistance and consultancy for small and medium-sized enterprises (SMEs) while banks have offered them loans on easy terms but they do not make use of either consultancy or loans, heard a conference in the city on October 3.
Indonesia to build silicon valley-modeled capital World

Indonesia to build silicon valley-modeled capital

Indonesia’s new capital city will be modelled on Silicon Valley, a base for tech and creative companies, besides hosting the government apparatus, according to Indonesian President Joko Widodo.
Vietnam’s PMI falls to 51.4 in August Business

Vietnam’s PMI falls to 51.4 in August

Vietnam’s Manufacturing Purchasing Managers’ Index (PMI) posted 51.4 in August, remaining above the 50.0 no-change mark, but falling from 52.6 in July to signal a weaker overall improvement in business conditions.
Vietnamese, Indian firms discuss trade, investment Business

Vietnamese, Indian firms discuss trade, investment

Trade and investment ties between Vietnam and India are not commensurate with their potential, meaning there is still a lot of room for them to grow, the India-Vietnam Business Forum heard in Ho Chi Minh City on August 21.
High-tech FDI shouldn’t be taken for granted Business

High-tech FDI shouldn’t be taken for granted

Vietnam has emerged as a destination for large tech firms as the trade dispute between the US and China continues to intensify with no end in sight. However, whether and how much Vietnam can take advantage of the shifting FDI flow out of China remains to be seen.
India suggests imposing countervailing duties on Vietnamese steel Business

India suggests imposing countervailing duties on Vietnamese steel

The Indian Ministry of Commerce and Industry’s Directorate General of Trade Remedies (DGTR) has recommended the imposition of anti-subsidy tariff on welded stainless steel pipes and tubes imported from Vietnam and China for five years, according to the Trade Remedies Authority of Vietnam.