[Jan 7 - 12, 2019] Vietnam Weekly Industrial & Logistics Highlight
CPTPP comes into effect for Vietnam on January 14
The trade pact already took effect for Mexico, Japan, Singapore, New Zealand, Canada and Australia on December 30, 2018. With comprehensive commitments and high standards, the CPTPP is expected to boost trade, investment and economic growth in the Asia-Pacific region.
Samsung commits to continue expanding operations in Vietnam
On January 11, Shim Won Hwan, chairman cum general director of Samsung group, attended a meeting with Prime Minister Nguyen Xuan Phuc. The PM encouraged Samsung to implement its plan to expand operations in Vietnam, while simultaneously committing that Vietnam will provide favourable conditions and support the group to achieve further success in the country.
World's largest container ship docks at Vietnam port
CMA CGM Marco Polo, the largest container ship in the world, docked at a major international seaport in the southern Vietnamese province of Ba Ria-Vung Tau on Friday, commencing a new weekly service to transfer cargo directly from Vietnam to Northern Europe.
New focus for logistics firms
2018 marked an important change in the Vietnamese logistics industry, when international and domestic logistics businesses made significant investments in technology innovation to boost their networks in anticipation of growing trade from the upcoming enforcement of landmark free trade agreements.
Foreign trade flourishes with tailwind from AEC
Since the ASEAN Economic Community was established three years ago on December 31, 2015, businesses in Vietnam have been boosting exports to regional markets by taking advantage of the import tariff cuts in the bloc.
Inflation rate in 2019 to be lower: economists
In one possible scenario considered by experts, the inflation rate would be 0.14 percent per month. If so, the inflation rate for the entire year would be a little higher than 2 percent. However, as the fees of some kinds of services will be raised, Do believes the inflation rate would be around 3 percent.
Economic growth could reach 6.9% in 2019: VEPR
Việt Nam’s economic growth could reach 6.9 per cent in 2019, an increase of 0.1 per cent compared to the 2019 socio-economic development plan adopted by the National Assembly, in the context that Việt Nam is benefiting from the US-China trade war.
Traders Expect Vietnam Stocks to Jump 18% This Year
The benchmark VN Index could rise to 1,049 by the end of December, implying an 18 percent advance for 2019, according to the average estimate of nine analysts, investors and strategists compiled by Bloomberg News. In February of last year, market watchers expected the gauge to jump 23 percent for all of 2018, a survey showed at the time -- it ended up sinking 9.3 percent.
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