Vietnam Securities Market Has a Good Prospect
Vietnam’s GDP is growing at an annual rate of more than 7%. Foreign investment is pouring into Vietnam, which will definitely promote the growth of Vietnam’s stock market.
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Tag: Vietnam
Vietnam’s Consumer Market Has Huge Growth Potential
Vietnam’s per capita GDP was only USD 2,540 in 2018, which was less than one third of China’s and lower than that of Singapore, Thailand, Malaysia and other ASEAN countries. However, Vietnamese people spend little on housing, education and medical services and have low savings rate, making consumption as the major driver of economic growth. According to CRI, consumption is a major contributor to Vietnam’s GDP. Household consumption is closely related to final consumption expenditure. Since 1995, final consumption expenditure has been accounting for more than 70% of Vietnam’s GDP,…
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Advantages of Vietnamese Manufacturing over Chinese Manufacturing
CRI’s market survey shows that Vietnamese manufacturing has the following advantages over Chinese manufacturing. 1. Preferential Policies on Taxes and Foreign Investment (1) Advantages of Bonded Zones The Vietnamese government has approved the establishment of several bonded zones. The products manufactured by enterprises established in these bonded zones are exempt from tariffs and value added tax. Enterprises established in the bonded zones are exempted from corporate income tax in the first profit-making years and enjoy reduction in corporate income tax in the following two years. There are also more preferential…
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Vietnam Retail Trade Size Will Reach USD 180 Billion till 2020
The market size of retail trade in Vietnam will reach USD 180 billion till 2020.
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Vietnam Imports Textiles from China in Large Amount in 2019
From January to May 2019, 57.30% of Vietnam’s fabric imports were from China.
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2018 Top 10 Business Foreigners Can Invest in Vietnam
No. 1 Home furniture Making and Remodeling: Home furniture making is a great business because nearly every office or home you step into offers one furniture piece or the additional. Asides that, a whole lot of businesses and businessmen far away source for home furniture from Vietnam that they take to their countries for resale. Since Vietnam is a favorite place to resource for furniture among furniture importers in a number of countries, it won’t hurt to create your own furniture building company. It doesn’t actually matter in the event…
Read MoreExport Value of Vietnamese Textile and Garment Industry Exceeded USD 30 Billion , 2017
The export value of Vietnamese textile and garment industry is expected to reach USD 31 billion, up by 10.2% YOY, due to the breakthroughs of the industry in 2017. However, according to CRI, garment raw materials and equipment still depend heavily on import for the industry chain is not perfect. But Vietnamese textile industry still has its own advantages such as government favorable policies, low labor costs, high education level, low prices of land and energy. Although TPP did not come into effect in 2017, the new FTAs have been…
Read MoreNew Policy of Automobile Industry Would Be Implemented in Vietnam from Jan.1, 2018
According to CRI’s information from the Vietnamese government, the new policy of automobile production and sales would be implemented in Vietnam from Jan. 1, 2018. The main contents include: (1) Imported cars from ASEAN are exempted from import duty, but more than 40% of auto parts should be manufactured in ASEAN. (2) The import tax of parts of passenger vehicles with less than9 seats is cut to zero, but assembly plants are in demand in Vietnam. Also, the assembly volume of passenger vehicles (with less than 9 seats and smaller…
Read MoreExport Value of Coffee from Vietnam Reached USD 3.21 Billion, 2017
According to CRI’s information from the Vietnamese government, the export volume of Vietnamese coffee was about 1.42 million tons in 2017. The export value reached USD 3.21 billion. Germany and the U.S. are the first two major export destinations of Vietnamese coffee. Many years ago, Major agricultural exports from Vietnam were rice, rubber, etc. In recent years, however, traditional products such as rice have been overshadowed by coffee with the rapid increase of coffee export. Coffee planting industry in Vietnam started 150 years ago, with coffee trees introduced by French…
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