The Hanoitimes – 2017 ended with an impressive trade value of US$ 212 billion, an increase of 21% over the last year’s figure. Expectation thus will be even higher for 2018, as such, Vietnam’s billion-dollar-export markets will once again in the focus of attention. By the end of 2017, among 200 countries and regions maintaining trade relation with Vietnam, 4 markets have spent tens of billion of USD importing Vietnamese goods, including the US (US$ 41.5 billion), followed by China (US$ 35.3 billion), Japan (US$ 16.8 billion) and Korea (US$ 15 billion). Illustration photo. These countries will continue to be main markets with major contribution to Vietnam’s export growth in 2018, said the Ministry of Industry & Trade. In the context of large global apparel exporters such as China, Bangladesh and Turkey witnessed drops in export value of 1.2%, 1.32% and 4% respectively, Vietnam’s textile & garment industry had achieved the export target of US$ 31 billion in 2017, indicating the necessity to prioritize main export markets. As the largest market for Vietnam’s textile & garment industry, export value to the US accounted for US$ 15 billion, in which apparel products reached US$ 12.5 billion and US$ 3 billion for other products. Therefore, changes in demand from markets like the US will have big impact to Vietnam’s prospect in fulfiling target export value. For China, despite the apparel’s export value is less than one fifth of the US, but out of the textile’s export value of US$ 3.6 billion,… [Read full story]
Photo vinacorp HA NOI (VNS) — The stock market of Viet Nam will be the most profitable investment channel this year, with a growth rate of 15 per cent, according to Vietcombank Securities (VCBS).With macro-economic stability, the stock market would be a more attractive investment channel compared to other channels, such as gold, real estate and bank savings, VCBS director Vu Quang Dong told Dau Tu Chung Khoan (Securities Investment).VCBS expects the economy to grow at a faster rate than 2013 and the GDP to rise to 5.6-5.7 per cent, while the inflation rate will be about 5.5-5.6 per cent…... [read more]
The SeaLink City resort in the south-central province of Binh Thuan. (Source: VNA)Hanoi (VNA) - The resort market in Vietnam will see feverish investment this year due to its great potential, according to experts.Nguyen Tran Nam, Chairman of Vietnam Real Estate Association, said the local economy has gained stability and growth in 2015, while the income of locals has also increased. Therefore, there is a demand among the people to own a property, which includes a resort product.Meanwhile, the local market has launched many resort projects with large scale, synchronous infrastructure and reasonable selling prices, so the projects have attracted…... [read more]
The local stock market will likely move sideways before the US Federal Reserve (Fed) meeting, as investors are anxious about the prospect of higher interest rates in December – a move seen as likely, according to most market experts. — VNA/VNS PhotoThe local stock market will likely move sideways before the US Federal Reserve (Fed) meeting, as investors are anxious about the prospect of higher interest rates in December – a move seen as likely, according to most market experts.The Fed meeting, scheduled for December 13-14, will be decisive for world markets, and analysts predict an interest rate increase of…... [read more]
VN-Index was named among the top three fastest growing markets in the world (Photo: VNA)Hanoi (VNA) – Vietnam’s stock market has something to cheer about,as the VN-Index was named among the top three fastest growing markets in theworld.The VN-Index recorded the best weekly gain in the past eight years fromNovember 20 to 24, closing at an almost decade high of 935.57 points, over5 percent higher than the previous week.In the global arena, Vietnam’s benchmark index was the second best performerlast week and ranked third since the start of 2017, with a growth of nearly 41percent, behind Mongolia (91 percent) and Argentina (60 percent),according to Bloomberg’s…... [read more]
Updated at Wednesday, 03 Jan 2018, 13:52 The Hanoitimes - This was the statement from the Minster of Finance Dinh Tien Dung on the first trading session of the stock market in January 1. In 2017, Vietnam’s stock market has progressed significantly with the participation of major enterprises, with the capitalisation ratio, including bonds and stocks to GDP was 78% in 2016, and equivalent to 70.2% GDP in 2017. The VN-Index ended the year 2017 at over 984 points, up 48% compared to 2016. The VN-Index ended the year 2017 at over 984 points, up 48% compared to 2016.…... [read more]
