Vietnam’s economic structure has many alarming issues after 30 years of economic reforms since the private sector accounts for less than 10% of the country’s gross domestic product, while the public and household sectors, making up the larger proportion of GDP, have the largest number of competence issues.
The private sector, despite being considered the driving force of the economy, has yet to achieve a breakthrough due to many reasons, experts said.
Even though the Vietnamese property market is dominated by Singaporean and South Korean developers, Japanese investors are trying to climb closer to the top spot.
The European Chamber of Commerce in Viet Nam (EuroCham) launched the 11th edition of its annual Whitebook at a conference in Ha Noi on Thursday, focusing on the future of economic development in Viet Nam.
Pushing through institutional reforms is desperately needed to achieve breakthroughs in the nation’s economic growth, especially during its path toward global economic integration, according to experts at a conference in HCMC on Tuesday.
Orders for furniture exports have risen strongly so far this year as demand has risen, according to Huynh Quang Thanh, chairman and CEO of Binh Duong-based Hiep Long Fine Furniture Company.
Non-equity modes (NEMs) trade is spreading in Viet Nam and exposing the country to both opportunities and challenges, one expert believes.
“Banks will need to be on the cutting edge of technology and make sure that customers’ needs are ingrained in every offering,” PwC’s global financial services leader John Garvey advised local bank leaders at “The Future of Banking” event held by PwC Consulting Vietnam in Hanoi today (March 6, 2019).
The consumption of farming products is expected to face difficulties this year, with increased competition in the global market.
The improved business performance of Vietnamese banks and a Government regulation to require local banks to meet stricter capital regulations as part of Basel II standards is spelling the start of a wave of foreign investment into the country’s finance and banking sector in 2019, experts said.