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Moody’s optimistic about Vietnam’s economic outlook

Vietnam’s expansion has charged ahead despite the recent financial and trade turmoil, which has affected many Southeast Asian emerging markets, Moody’s Investors Service said in a recently-announced report. In its report “Vietnam Outlook: Resiliency Amid Emerging Market Uncertainty”, Moody’s said following 6.8 percent real GDP growth in 2017, Vietnam’s GDP …

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New product could wake up soporific canned coffee market

One of the largest beverage makers in the world is hoping to ‘capture’ Vietnamese taste with its new canned coffee product. Coca-Cola, one of the two biggest players in the Vietnamese carbonated beverages market, has entered the canned coffee market with Georgia Coffee Max. Though Vietnam is the second largest …

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Excessive: Lawyers slam $3,855 fine for $100 note exchange

In Vietnam, buying and selling foreign currencies on the free market is against the law.

Lawyers say a VND90 million ($3,855) fine for exchanging $100 in a gold shop is disproportionate and unreasonable. The administrative fine was levied by the People’s Committee of southern Can Tho Province on Nguyen Ca Re, a 38-year-old electrician. The VND2.3 million ($98.48) that Re received from the shop for …

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Vietnam aims to become a maritime powerhouse by 2030

Fishermen at Mui Ne fishing village in Vietnam's south central coast.

Vietnam will build its maritime sector to boost economic development and strengthen national defense, a new Party resolution says. The Central Committee of the Communist Party of Vietnam Wednesday issued a resolution on sustainable development of the maritime economy until 2030 and with a vision until 2045. The strategy outlined …

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