COVID-19 creates lull in US-China Trade War

COVID-19 creates lull in US-China Trade War

In early 2020, the world heaved a sigh of relief when the US and China agreed to a truce by signing phase one of the ongoing trade war between the two countries.

Efforts to maintain economic growth

The unforeseen development of COVID-19 epidemic will challenge the economic growth target of 6.8% this year. Recently, the Ministry of Planning and Investment had proposed two growth scenarios that were lower than the set target.

Countries have adopted protectionist approach

In recent years, many countries have adopted a protectionist approach in tackling issues such as the economy and jobs creation, to ensure a better balance in trade dealings.

Thai Nguyen cement factory.

Cement industry needs to keep pace with world market

In talks with Saigon Investment, Mr. Nguyen Quang Cung, Chairman of Vietnam National Cement Association (VNCA), discussed various issues related to the growth of Vietnam’s cement industry in detail, as well as future prospects of the industry.

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Cement industry consumer of maximum electricity

In a talk with Saigon Investment, Mr. Tran Viet Ngai , Chairman of Vietnam Energy Association (VEA), said that the cement industry was consuming the maximum amount of electricity among all industries today.

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Currency market scenario in 2020

Before discussing the prospects of the currency market in 2020, it is necessary to analyze the many important changes that are ongoing and those that are imminent.

In 2020, we must continue to strongly reform administrative procedures, especially in import and export inspection procedures.

Favorable administrative reforms expected in 2020

In a talk with Saigon Investment, Mr. Vũ Tiến Lộc, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), said that the year 2020 will see many favorable laws with positive administrative reforms, especially those concerning administrative procedures for companies, which all will create a better environment for investors and businesses in coming times.

The banking system is getting healthier, but still has difficulty in raising capital.

Financial institutions need revamping

After the recently held Annual Vietnam Business Forum 2019, in collaboration with the Ministry of Planning & Investment and the World Bank, which was aimed at a high level dialogue between the Government of Vietnam and the business community, Dr. Can Van Luc, an expert on banking and finance, commented on the current financial issues facing the country:

At the Government's regular meeting, one of the key topics is to curb inflation.

Volatility in global economy in 2020

The economic targets set for 2020 are relatively high with many challenges, as the global and domestic economy face many difficulties and unpredictable risks. Hence, in order to achieve an average price growth target of less than 4%, many synchronous measures need to be implemented.

Producing stainless steel pipes at Huu Lien A CHau Joint Stock Company. (Photo: Internet)

HLA hits rock bottom

Huu Lien A Chau Joint Stock Company (HLA) was the first enterprise to produce steel on an industrial scale, and since 2001 has been a key steel enterprise in Ho Chi Minh City. However, the Huu Lien A Chau brand now has almost lost the market due to the appearance of competitors and several passive investment decisions.

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Modern aviation infrastructure benefits tourism

The future development of the aviation industry with modern infrastructure is not only beneficial for tourism, but tourism too needs aviation to grow, being one of its major customers.

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Aviation industry needs private investors

The growth of the domestic aviation industry in Vietnam is on an average 15% per year, and in the near future Vietnam will need to have at least ten airlines, instead of the current five airlines.

Tan Son Nhat airport is overcrowding, but it is not easy to invest due to many problems.

ACV lacks autonomy

The annual profits of the Airports Corporation of Vietnam (ACV) in 2019 were around VND 8,000 bn, an increase of 9% since 2018. This proves that investments in airport infrastructure are very lucrative, which is why this field is drawing in many serious investors.

Van Don Airport is an example of private sector success.

Policies do not favor private sector in airport projects

When the Prime Minister approved the renewed Aviation Transport Development Plan for 2020 with orientation towards 2030, many believed this would open doors for the private sector to enter the aviation industry. However, nothing seems to have changed either in policy nor in practice.

Thai health minister Anutin Charnvirakul told Sky News: 'We are not able to stop the spread... Of course we expect more people to get sick'

Thai Government Admits "Unable To Stop" Spread Of Coronavirus

  • Health minister Anutin Charnvirakul said there are too many Chinese visitors
  • At least 22,000 people from Wuhan are believed to have visited in January
  • Thailand, with 14 cases, is so far the worst affected country outside of China