While facing another possible slowdown in FDI attraction, investment shifts among international giants to Vietnam might rekindle hope for the Southeast Asian nation, proving it a safe destination amid the health crisis. Recently, Samsung Electronics has said that it would temporarily move some smartphone production to Vietnam from South Korea after another of its South Korean staff tested positive for COVID-19, forcing it to close a factory. … [Read more...] about Grounds for new hope to unfreeze FDI process
A Sacombank office in Tây Hồ District, Hà Nội. The bank shares surged 7.0 per cent on Wednesday to lift the benchmark VN-Index up 2.69 per cent. - Photo baodauthau.vn … [Read more...] about VN stocks pick up after officials’ reassurances
When the epidemic is contained, investors’ confidence will return. They will withdraw money from shelter channels and pour money into risky assets. As the dollar will no longer be the shelter, the demand will decrease and the exchange rate will return to normal again. Meanwhile, foreign investors are selling shares in Vietnam. As they are buying dollars in large quantities to transfer money abroad, the dollar price has increased. … [Read more...] about Why has the US dollar price escalated?
Accordingly, Approxima will be responsible for expanding CMC’s business in European markets such as Scandinavia, Denmark, Germany and Russia which are areas where Ciber-CMC (a member company of CMC Corporation) is aiming for the top position as a SAP (total enterprise solutions for 25 vertical industries inclusive of government, banking, automotive, oil and gas,...) provider. … [Read more...] about PM witnesses strategic agreement between Vietnamese and Danish enterprises
Vinalines Logistics has set a goal of 10 per cent profit rise in 2019. - Photo vinalines.com.vnViet Nam News HÀ NỘI — Vinalines Logistics Vietnam Joint Stock Company (Vinalines Logistics) has set a goal of at least 10 per cent profit growth in 2019. … [Read more...] about Vinalines Logistics aims for profit growth