News

Vietnam should improve structural reforms and businesses’ competitiveness to efficiently implement the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), heard a conference held by the Central Institute for Economic Management (CIEM) in Hanoi on February 19.

Singapore-headquartered emerging market private equity firm Affirma Capital, formerly known as Standard Chartered Private Equity, has agreed to invest $34 million in Vietnam-based online recruitment firm Transcendental Human Resources JSC, known locally as Sieu Viet.

Vietnam is set to keep its commitment to ASEAN to scrap sugar import tariffs despite demands by the industry to delay the move.

One of the significant events Vietnam was hoping to occur last June unfortunately did not transpire – being named on the Morgan Stanley Capital International (MSCI) watch list for emerging markets. Instead, Vietnam was not upgraded and remained on the frontier-market listing.

Japanese investors continued to demonstrate their confidence in the Vietnamese real estate market with recent involvement in new large-scale projects.

Japanese snack, confectionary, and ice-cream giant Morinaga & Co., the owner of iconic brands Hi-Chew and Dars Chocolate, has decided to expand its presence to Vietnam, one of its key markets in Southeast Asia.

As the coronavirus outbreak shows no sign of slowing down, supply chain leaders are urged to mitigate instant disruption and plan for their short- and long-term performance, at a time of weakness in securing domestic raw material sources in the context of feeble supporting industries.

Vietnam is diversifying its sources of power in the direction of reducing coal-fired power and raising the share of renewable energy and liquefied natural gas-based power, creating a new race for investors as well as helping to balance bilateral trade and deepen economic interests between the United States and Vietnam.

The Japanese yen traded near a nine-month low versus the dollar on Thursday as risk appetite improved on expectations that China will continue to take steps to offset the economic impact of the coronavirus outbreak.