Business News

Manufacturing and construction are likely to remain the fastest-growing sectors. The forecast is highlighted in the bank’s recently published Global Focus report for the third quarter of 2018 entitled “Fattening tail risks”.

Up to 57.3 per cent of construction businesses are expected to perform better in the third quarter of 2018, according to the General Statistics Office (GSO).

Việt Nam’s insurance industry achieved high year-on-year growth of 24.35 per cent in the first half of 2018, helping total revenue to reach more than VNĐ58.65 trillion (US$2.55 billion).

Most of the local banks have further tightened credit for the real estate sector by raising the annual interest rates for home loans by one to two percentage points compared with earlier this year, leading the sector to slow down, reported Sai Gon Giai Phong newspaper.

The hotel market has been growing quickly, with the number of projects developed by foreign investors and managed by foreign brands increasing from 30 in 2010 to 79 by the end of 2017.

The Vietnam Chamber of Commerce and Industry (VCCI), representing employers in the nation, has suggested keeping region-based minimum wages unchanged from next year as annual minimum wage hikes place a heavy burden on enterprises.

A majority of credit institutions in the country expect an upward trend in their business in the remaining months of the year, after making improvements in the first half of 2018, according to a survey released last week by the State Bank of Vietnam.

Vietnam is establishing itself as the industrial top hub for Southeast Asia. Our latest White Paper provides a valuable insight into the Industrial and Logistics landscape throughout Vietnam and the impacts of Industrial 4.0 revolution.