The Hanoitimes - South Korea remained Vietnam’s top investor, posting annual registered capital of FDI in range of US$7 – US$9 billion over the last five years. South Korea’s SK Group to invest US$1 billion in Vietnam’s Vingroup: Bloomberg South Korea’s unicorn Woowa Brothers acquires Vietnam’s food delivery Vietnammm South Korea’s major conglomerates seek investment expansion in Vietnam South Korea’s leading corporations tap into Vietnam’s finance - banking sector Vietnam – South Korea relations are built on high level of mutual trust, and the two countries share similarities in culture and history, according to South Korea Ambassador to Vietnam Kim Do Hyon. Overview of the conference. Source: Ngoc Thuy. “Being the host of the second North Korea – US summit, Vietnam plays a key role facilitating cooperation between the North and the South,” Kim said at the eighth International … [Read more...] about Vietnam – South Korea relations built on high level of mutual trust: Amb.
Vietnam stock market overview
Participants pose for a group photo at the conference (Photo: VNA) Hanoi (VNA) – The eighth international economic and financial conference of Vietnam and the Republic of Korea (RoK) took place in Hanoi on March 22. The event was jointly held by the Vietnam Chamber of Commerce and Industry (VCCI) in coordination with Vietnam's Ministry of Finance, the RoK’s Financial Services Commission, and EDaily magazine. Deputy Minister of Finance Tran Xuan Ha said the cooperation between Vietnam and the RoK has deepened in various fields after over 25 years of establishing diplomatic ties, particularly in economics and finance. He noted that in 2018, two-way trade reached 65.7 billion USD. The RoK is now the biggest foreign investor in Vietnam. In the past five years, the RoK’s annual registered foreign direct investment (FDI) has always been at around 7-9 billion USD. The RoK is also one of Vietnam’s biggest bilateral donors with many loans through the Korea … [Read more...] about Vietnam, RoK boost financial, economic partnership
The Hanoitimes - Vietnam stock market has stood firm and developed in many aspects to become an attractive destination for foreign investment flows, local media reported. Potential upgrade of Vietnam’s stock market to attract additional of US$1.2 billion Vietnam’s stock market proves an efficient capital mobilization channel for economy: PM Positive outlook seen for Vietnam’s stock market amid global uncertainties: Deputy PM Vietnam stock market remains efficient capital mobilization channel despite recent plummets FED’s rate hike expected to leave adverse impact on Vietnam’s stock market With efficient government’s leadership and macroeconomic stability, Vietnam's stock market will continue to develop in a sustainable manner to make larger contributions to the country’s economic development, according to Minister of Finance Dinh Tien Dung. Overview of the conference. Source: Dan Tri. Vietnam's stock market has … [Read more...] about Vietnam’s stock market remains on track for sustainable development: Minister
The Hanoitimes - The economic growth quality has been improved towards sustainability. Vietnam's GDP growth in 2018 hits 10-year high at 7.08% Vietnam macroeconomy to remain stable but less favorable in 2019 Vietnam economy forecast to grow by more than 7% in 2019 External factors should be focus of Vietnam’s economy in 2019: VinaCapital Vietnam’s GDP achieved a 10-year high growth rate of 7.08% in 2018, but more importantly, the economic growth structure has been transformed in a way that it is less dependent on credit growth while focusing more on reforming the aggregate supply, according to the Central Institute for Economic Management (CIEM). Overview of the conference. Source: Ngoc Thuy. “The economy witnessed a high growth rate, although total oustanding credit in Vietnam’s banking system grew 14% year-on-year, the lowest since 2014,” said Nguyen Dinh Cung, CIEM’s director, at a conference discussing … [Read more...] about Vietnam growth structure transformed in 2018: Experts
The Vietnamese economy is estimated to expand by 6.9-7% in 2018, driven by manufacturing and services, according to the National Financial Supervisory Commission (NFSC). The regulator said such a growth rate will be the highest in ten years, citing a report on the overview of Vietnam’s financial market. In 2018, despite slowing global trade due to geopolitical tensions and the US-China trade war, the Vietnamese economy continued to record a variety of notable achievements. The NFSC added that Vietnam’s macroeconomic foundations were maintained, with inflation contained at 3.6% and core inflation remaining stable below 1.5%, while major balances of the economy were guaranteed. 2018 also saw a greater role of the capital market, and a decreasing reliance on the banking sector, in supplying capital for the economy. The ratio of banks’ capital supply fell but it was more effective and of better quality. In the meantime, the stock market grew strongly, with market … [Read more...] about Vietnam’s growth estimated at 6.9-7% in 2018: NFSC