Vietnam advantageously positioned for more FDI

(ĐTTCO)-The sudden virulent spread of the Covid-19 pandemic across the world has led to several vital multinational companies deciding to shift whole or part factories out of China to more affable and cost effective locations on the globe. Asian countries in closest proximity to Vietnam, such as Indonesia, Malaysia, Thailand and India are all positioning themselves to provide the best business platforms for this huge foreign investment.

Foreign direct investment must be selective in Vietnam

(ĐTTCO)-Vietnam must be highly selective in choosing to bring in the most appropriate foreign direct investment (FDI) companies into the country. This effort must then be supported with effective reforms and resources. However, at the moment there are several bottlenecks in the domestic economy, caused mainly by the current global economic situation, that is holding back more FDI to enter.

Vietnam needs to select appropriate FDI projects

(ĐTTCO)-Problems concerning foreign direct investment (FDI) projects as such do not concern the Vietnamese economy, which leads to some people talking about a dual economy. Many FDI projects have not created or ensured sustainable and quality development. This means that the transfer of technology, transfer of skills, and the spill-over of FDI investment is still limited. 

Vietnam must avoid label of currency manipulator

(ĐTTCO) - Saigon Investment had recently run a series of articles discussing the currency manipulation comments by the US Treasury Department, based on their assessment report sent to the Ministry of Commerce in Vietnam. 
An individual investor opens a stock trading account at a securities company. (Photo: SGGP)

Corporate bond market needs transparency

(ĐTTCO) - Statistics from the stock exchanges show that the total amount of corporate bonds issued from the beginning of this year to now is estimated at VND159 trillion, up 50 percent over the same period last year.
Gold prices touch new heights

Gold prices touch new heights

(ĐTTCO) - Last week when world gold prices exceeded USD 1,800 per oz. and almost touched USD 1,810 per oz. investors showed a serious interest. Similarly, investors were drawn when the domestic SJC gold bar exceeded VND 50 mn per tael, setting a new record. Saigon Investment spoke with Mr. Tran Thanh Hai, Chairman of the Vietnam Gold Investment and Trading JSC (VGB), for his opinion on this issue.
Credit growth in the first six months was low due to low demand for capital from the economy due to the impacts of Covid-19 pandemic. (Photo: SGGP)

Banks experience low demand for loans

(ĐTTCO) - By the end of June this year, the credit growth of the whole industry was only at 3.26 percent, equal to half of that in the same period last year. Particularly, the credit growth in Ho Chi Minh City in the past six months was only 2.5 percent. Despite the bank's efforts to bring capital to the market, the capital demand of the economy remained low due to the impacts of the Covid-19 pandemic.
Agricultural exports to Thailand market surge

Agricultural exports to Thailand market surge

(ĐTTCO) - Agricultural export value to the Thailand market surged around 233 percent to US$68 million in the first five months of this year, according to the Agro Processing and Market Development Authority (Agrotrade) under the Ministry of Agriculture and Rural Development.
Trump Ends Hong Kong’s Special Status With U.S. to Punish China

Trump Ends Hong Kong’s Special Status With U.S. to Punish China

(ĐTTCO) - Donald Trump ordered an end to Hong Kong’s special status with the U.S. and signed legislation that would sanction Chinese officials responsible for cracking down on political dissent in the city, drawing a rebuke from China and adding fresh uncertainty for businesses including banks in the financial hub.

Bankers Shocked by 45% China Tax Rate Mull Leaving Hong Kong

Bankers Shocked by 45% China Tax Rate Mull Leaving Hong Kong

(ĐTTCO) - Fears of a Hong Kong brain drain are increasing after China moved to tax its citizens’ global income, undermining the financial hub’s appeal to thousands of bankers and other white-collar workers from the mainland.

Illustrative photo.

Banks struggle to increase capital

(ĐTTCO) - The Annual General Meetings (AGM) at several banks called for the urgent need to increase charter capital. To meet the minimum capital amount stipulated by Basel II, effective from 1 January 2020, fourteen credit institutions have yet to meet the requirements of Circular 41/2016/TT issued by the State Bank of Vietnam (SBV).
The transportation cost has accounted for 61 percent of total logistics cost for fruit and vegetable products. (Photo: kinhtedothi.vn)

State needs to help cut logistics cost for farm produce

(ĐTTCO) - The State should develop solutions to reduce high logistics costs in trading agricultural products to improve the competitiveness of Vietnamese farm produce on the market, according to experts.
Return of Depression Economics

Return of Depression Economics

(ĐTTCO) - Paul Robin Krugman, an American economist who was awarded the Nobel Memorial Prize in Economic Sciences wrote his bestseller “The Return of Depression Economics” in 1999, whose contents served as a precursor to what happened in 2008 when the US economy fell into a severe economic recession and the subsequent domino effect reverberated across all world economies.
Efforts to stimulate domestic growth

Efforts to stimulate domestic growth

(ĐTTCO) - The International Monetary Fund (IMF) forecasts that Vietnam's economic growth for the whole year 2020 will be only 2.7%, and the General Department of Statistics has announced that results of the first six months were the lowest in ten years.
Golden opportunity when FDI flows, but we must know how to select it.

Domestic integration necessary with FDI projects

(ĐTTCO) - Mr. Do Nhat Hoang (photo), Director of Foreign Investment Department in the Ministry of Planning and Investment, spoke with Saigon Investment recently expressing that the amended Public Investment Law that has just been passed by the National Assembly is expected to create opportunities to attract Foreign Direct Investment (FDI) of high quality for large technological projects with wide management capacity, thus creating a growth stimulus for several domestic enterprises.