A shopper (L) inspects fruit at a Co.opmart supermarket in HCMC. Vietnam is the world’s fourth most optimistic country in the first quarter of this year. Consumers in Southeast Asia remained relatively optimistic in January-March, with confidence increasing by two points from 119 in the fourth quarter of 2017 to 121 in the first quarter of this year, according to the latest issue of The Conference Board Global Consumer Confidence Survey, in collaboration with Nielsen, a global information and measurement company. The first-four survey shows that three out of six countries with the highest confidence scores were Vietnam, the Philippines and Indonesia. Notably, the Vietnam consumer confidence index gained an all-time high of 124 points. Emerging countries like Vietnam, Philippines and Malaysia registered annual average gross domestic product (GDP) growth of 5% to 7% in the final quarter of last year. Therefore, the good momentum of economic growth, coupled with the positive … [Read more...] about Vietnam is world’s fourth most optimistic country in Q1
Vietnam expects to see spectacular export growth rate in 2019 despite influences from the US-China trade war, but the government has decided to maintain the same export target for 2020. The government’s report presented before the National Assembly showed that the export growth rate is expected to reach 7.9 percent this year (the targeted rate was 7-8 percent) and Vietnam may see a trade surplus of 0.4 percent of total export turnover. This means that the trade deficit will be below 3 percent as initially targeted. Vietnam’s export turnover is predicted to increase by 7.9 percent in the context of big difficulties and low demand. Many of Vietnam’s export items have seen growth slowing down, including seafood, vegetables and fruits, computers, electronics and electronic parts. Vietnam’s export turnover is predicted to increase by 7.9 percent in the context of big difficulties and low demand. Many of Vietnam’s export items have seen growth slowing … [Read more...] about VN Government cautious when setting export growth target in 2020
The tardiness in upgrading electricity transmission networks is expected to cause big losses to solar power plants in Ninh Thuan. Pham Dang Thanh, director of the Binh Thuan Industry and Trade Department, on November 5 said the provincial People’s Committee is awaiting the Prime Minister’s decision on allowing a private enterprise to build the 500 KV transmission line which would allow use of the solar and wind power capacity in the province. To date, 18 projects with the total capacity of 1,180 MW have been put into operation, including 15 solar power (1,063 MW) and 3 wind power projects (117 MW). However, 10 out of the 18 projects have to cut electricity generation by 60 percent to ensure the smooth operation of the transmission network. A report showed that as of June 30, 2019, the volume of electricity the plants had to cut had reached 23.2 million kwh with the total loss of VND49.5 billion. It is estimated that the figure would reach 224 million in the last … [Read more...] about Ninh Thuan to upgrade transmission network for solar power use
Japan’s Watabe Wedding Corporate recently signed an agreement with Empire Group Vietnam to organise wedding ceremonies for 1,000 Japanese couples in the latter’s Cocobay Complex in Da Nang in the next three years. The figure is expected to increase to 16,000 in the next 10 years. This year, Watabe has already organised 120 weddings at Empire Group’s properties. A view of Cocobay Complex in Da Nang. —Photo viettimes Why is one of Japan’s leading providers of marriage services tying up with Empire Group? The latter’s properties like Coco Ocean Resort with Park Regis and Leisure Inn hotels, and Coco Skyline Resort with Golden Tulip and Coco Ocean Spa Resort offer a number of advantages. The Empire Group’s properties are mostly situated between Hoi An and Da Nang along private and pristine beaches that also offer guests direct access to a dining and retail strip. Major tourist attractions there include the cities of Hoi An and Da … [Read more...] about Vietnam attracts world leading hotel management brands
The VN-Index recorded nine hikes in he two weeks since the end of the Lunar New Year holidays (Photo: VietnamPlus) Hanoi (VNA) - This week, Vietnam’s stock markets closed in the green, as the benchmark VN-Index rose 1.34 points to 988.91 points while the HNX-Index inched up 0.7 point to 106.82 points. The VN-Index on the Ho Chi Minh City Stock Exchange (HoSE) enjoyed increases in the whole week (from February 18 to 22) and it was also the ninth hike in two weeks. On February 22, there were 144 rising codes and 152 in decline. The VN30, which measures the performance of the 30 stocks with the highest market capitalisation and liquidity on the HoSE, had 17 advancing codes and 12 others end in red, while one code was flat. In the week, foreign investors posted net purchase value of 772.92 trillion VND (33.02 billion USD), equivalent to 23.64 million shares. E1VFVN30 topped the list with 15.4 million shares purchased, followed by HPG with 8 million shares. The … [Read more...] about Will VN-Index hit 1,000-point mark thanks to investors’ positivity?