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VIETNAM BUSINESS NEWS MAY 5


VIETNAM BUSINESS NEWS MAY 5
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 05/05/2021
  
12:11
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Rubber industry needs to develop production chain
Rubber latex of Quang Tri Rubber Co Ltd. Viet Nam s rubber industry needs to develop its production chain to meet the increasing demands of export markets.
 
 
Viet Nam s rubber industry needs to develop its production chain to meet the increasing demands of export markets, especially fastidious markets such as Europe and the US, according to experts.
To Xuan Phuc, an expert of Forest Trends said Viet Nam s export of processed rubber has been increasing to many countries. However, Viet Nam s export rubber products must meet many requirements on the export market, including legal issues. ....

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Bank stocks rising on back of bright prospects


Bank stocks rising on back of bright prospects
10:00 | 01/03/2021
The results of 2020 business and 2021 outlook support the rise of bank stocks
Ending the last session of February, the VN-Index stood at 1,168.47 points, corresponding to an increase of 111.86 points (10.59 per cent) compared to the previous month. The HNX-Index increased by 35.01 points (16.3 per cent) to 249.22 points. The UPCoM-Index also increased 4.56 points (6.33 per cent) to 76.64 points.
Large-cap stocks recovered well in February as only the NVL ticker of Novaland decreased by 0.7 per cent. Meanwhile, as many as 14 other stocks in this group increased by over 15 per cent. The shares of VPBank (VPB), rose the most among the top 30 by market capitalisation with over 33 per cent. Following that, Thaiholdings (THD) also increased by 26 per cent and was a key factor helping the HNX-Index continue to break out recently. ....

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Is Vietnam's economy recovering from COVID-19? Ask female entrepreneurs


Is Vietnam’s economy recovering from COVID-19? Ask female entrepreneurs
10:10 | 19/01/2021
By Donald Lambert-Principal private sector development specialist Asian Development Bank
Policymakers, however, must consider if the economy needs further stimulus. Based on conventional measures, probably not. The economy is expected to bounce back strongly in 2021 with the Asian Development Bank (ADB) forecasting an expansion of 6.1 per cent, which is broadly comparable to Vietnam’s recent growth rates. With the General Statistics Office reporting unemployment at 2.5 per cent as of September 2020, the labour market seems strong.
Traditional metrics like GDP and unemployment, however, may overlook and even contribute to inequalities. If the overall picture is strong, then governments may elect to forego additional support even though certain groups may be lost in the statistical shuffle. In response, some economists have proposed mo ....

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