Coronavirus gives China’s teleworking apps a shot in the arm
Demand for Tencent and Alibaba services surges as numerous offices remain closed
Demand for Tencent and Alibaba services surges as numerous offices remain closed
Exports to Vietnam, Philippines, Malaysia and Singapore grew by double digits
The year 2019 attracted many new foreign direct investment (FDI) projects, increasing the flow of capital. However, in the long run, medium and long term projects must all focus on better innovation, science, technology and higher quality of human resource.
Peer-to-peer lending (P2P) in Vietnam is getting more and more members, but this market is getting distorted by less active components.
Peer-to-Peer lending (P2P) is a loan providing model that contains significant risks because there is no protective legal framework governing its operations.
In its quest to become a large conglomerate, Thuan Thao Corporation (GTT) participated on HOSE trading floor with high hopes of raising vast amounts of capital, but contrary to its aspirations, GTT failed in its efforts due to its loss making projects which also led to GTT share value to fall to lowest level in the stock market.
In recent years, intermediary payment companies have succeeded in attracting vast flows of capital from foreign investors. However, now the flow of capital in this field may slow down, as the State Bank of Vietnam intends to limit the maximum contribution by foreign investors in such organizations to a set 49% of the charter capital.
Although the stock market in 2019 has fallen since 2018, in general it still maintains a long-term growth momentum. For the stock market to develop even further in depth, the new amended Securities Law passed by the National Assembly in November will be a strong premise.
Lured by prospect of $300 billion digital economy, they also escape competition at home
Currently there is not a very high possibility of foreign investors pouring money into emerging markets and frontier markets. However, one thing is certain, foreign investors will be selective and choosy when investing, and some markets may be more preferable than others.
The year 2020 is forecast to be a difficult year, when most investors will have to face many serious challenges, despite some expected good opportunities coming in the course of the year.
A recent review of the country’s GDP based on international standards showed excellent results over the 2010-2017 period, which will lead to positive effects, but could also cause relevant authorities to become too smug.
On 18 December 2019, Moody’s, the international credit ratings organization, rated Vietnam as Ba3, which means negative, citing delayed debt repayment for such a low rating. The Ministry of Finance in Vietnam has now dubbed the ratings as “inappropriate” and “insufficient”.
According to recent data updated by the General Department of Vietnam Customs, in the first half of December, the country's export turnover reached more than USD 10 bn, bringing the total export turnover from the beginning of the year to 15 December 2019 at USD 251.66 bn.
