News

Vietnam is considered one of Asia’s most vibrant property markets and a long-term strategic area for Savills. VIR’s Quynh Chau talked with Mark Ridley, newly-appointed Group CEO for Savills, on his assessment of the Vietnamese real estate market and its role in Savills’ development strategy.

Viet Nam’s steel industry is facing 47 anti-dumping and anti-subsidy investigations from importing countries, accounting for one-third of the total cases of Vietnamese goods, according to a report from the Ministry of Industry and Trade (MoIT)’s Trade Defence Department.

Viet Nam’s aviation industry has seen its strongest growth in the past decades with double-digit growth set in five consecutive years, but it is still faced with sustainable development issues.

The textile and garment industry, aiming to take advantage of free trade agreements (FTAs) with a focus on green manufacturing, is upbeat about earning US$60 billion from exports by 2025.

Viet Nam needed to promote the development of it’s poultry industry due to rising demand for eggs and meat in the domestic and global markets.

The State Bank of Viet Nam (SBV) has assigned a credit growth limit to each commercial bank in 2019, with priority given to those who met Basel II’s capital safety and risk management standards ahead of schedule.

The Ministry of Industry and Trade has issued a comprehensive programme in response to trade protection measures in a bid to develop several Vietnamese industries.

The daily reference exchange rate was set at 22,990 VND/USD on April 16, down 6 VND from the end of last week (April 12).

Vietnamese enterprises need to take advantage of tariff reductions under the Comprehensive and Progressive Agreement for Trans Pacific Partnership (CPTPP) to increase exports to Australia.