Coronavirus to test nations’ coordination in a globalized economy
Uncertainties in outbreak pose policymaking challenge not seen in 2008 crisis
Uncertainties in outbreak pose policymaking challenge not seen in 2008 crisis
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.
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.
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.
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.
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.
Agency calls for coordinated response but doesn't restrict travel
Very early in 2020, the world has been hit with news of tensions between Iran and the US, causing crude oil prices to reach USD 70 per barrel, with some experts even forecastingthat prices may go up to USD 80 per barrel.
The growth in GDP has been relatively steady at 6.2%, 6.8%, 7.08% and 7.02% from 2016 to 2019, despite uncertainties and slow growth in global economies.
Notwithstanding the effects of global economic upheavals, Vietnam's economy in 2019 remained robust. This is great news because adeeply integrated economy like Vietnam’s is constantly facing adverse impacts.
All throughout 2019, corporate bonds were in favor when the issuance volume grew sharply, and this trend is expected to continue in 2020 when experts forecast that issuance volume will reach 300,000 to 350,000 billion VND.
During the stock market boom in 2007, code S99 of the Song Da 909 Joint Stock Company (SCI) was one of the highest priced stocks on the HNX, reaching a historical peak of VND 440,000 per share.
In 2019, the real estate sector was at number two position in attracting Foreign Direct Investment (FDI) into the country, which trend is expected to continue and even increase sharply in 2020.
