In the first two months, its exports have expanded by 8%, FDI inflows amounted to US$2.5 billion and retail sales were up by 5.4%, the bank said, noting that while prospects remain favorable for the Vietnamese economy in the medium term, GDP growth will be affected negatively by the recent coronavirus outbreak, now a global pandemic. … [Read more...] about BUSINESS NEWS HEADLINES APRIL 7
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HCM City (VNA) - Saigon Securities Incorporation (SSI) remained the largest broker in Vietnam in the second quarter of 2018, accounting for 23.08 percent of the brokerage market share, according to the Ho Chi Minh City Stock Exchange (HoSE). In the first half of the year, the company also took the lead with 20.9 percent of the market share, outpacing the second and third positions with 11.7 percent and 9.5 percent, respectively. With these shining results so far, the remainder of the year is likely to be the fourth consecutive year SSI has topped the list. The company said that it will open two branches in the second half of the year, raising the number of its transaction offices to 14. SSI has set a target of pre-tax profits of 1.615 trillion VND (70.8 million USD) on a 3.41 trillion VND (149.56 million USD) revenue this year, year-on-year increases of 12 percent and 15 percent, respectively. Last year it was selected by Forbes Vietnam as the only securities company among … [Read more...] about SSI continues its lead in brokerage market share
“If China’s export activities to other countries become more difficult, many Japanese businesses may stop producing some items in China and move part of production to Vietnam. On the other hand, the relocation trends among Japanese investors also come from the fact that production costs in China are quite high. With regards to the COVID-19 crisis, I suppose Japanese businesses will now focus on dealing with this difficult situation rather than shifting manufacturing,” Shinji added. … [Read more...] about Vietnam stands to win as “China+1” gains traction
The list of Trade20 of Standard Chartered Standard Chartered expressed on its website that each market’s potential for trade growth was determined by analysing changes across a wide range of variables over the last decade, including three equally-weighted pillars: economic dynamism, trade readiness, and export diversity. … [Read more...] about Vietnam becomes high-light of ASEAN in trade growth
But the lockdown also led to an unprecedented exodus of workers from their places of work, to their homes in far-flung villages all over the country. Farmers were still able to go to their fields and pluck onions after the government made it clear that agriculture was an essential service. And a few workers had stayed back to keep the Lasangaon market running. … [Read more...] about Will coronavirus lockdown cause food shortages in India?