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Vietnam news in brief - July 18
Check out the latest developments in Vietnam for today.
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14:04, 2020/08/18
Vietnam’s youth unemployment rate could soar to 13.2% on Covid-19
In Vietnam, the largest youth job losses are seen in the textile industry with 15% of total, followed by hospitality & catering services, and agriculture.
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12:09, 2020/06/25
Vietnam bond market grows nearly 10% to US$57.6 billion in Q1
This is mainly due to the government bond segment growing 10.5% quarter-on-quarter in the first quarter, to reach US$53.3 billion.
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11:27, 2020/06/24
Techtronic Industries plans to erect largest R&D center in Vietnam
TTI wants to attract 180 – 200 local firms to join its supply chains to generate a combined revenue of US$2.5 billion per year.
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18:49, 2020/03/18
Covid-19 to cost Vietnamese airlines US$1.3 billion in revenue
The figure saw a sharp increase from the previous estimated loss of VND10 trillion (US$429.1 million) in early February and VND25 trillion (US$1.07 billion) in late February.
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17:35, 2020/03/14
Over 65% Vietnam logistics firms expect low revenue in 2020 on Covid-19
It is estimated that 20-30% of the volume and revenue of Vietnamese shipping lines are generated from the Chinese market.
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14:44, 2020/03/07
Yarn giant Texhong to invest US$500 million in Vietnam
Strong support from the government to enterprises, as well as Vietnam’s effective anti-virus measures have been key factor for Texhong to expand investments in the country.
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11:35, 2020/03/03
Vietnam urged to look beyond Asian markets for FDI amid Covid-19
Vietnam should take advantage of being the second country in Southeast Asia to sign a free trade agreement with the EU to attract FDI from Europe.
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16:07, 2020/02/26
Actual FDI in Vietnam falls 5% to US$2.45 billion in Jan-Feb
FDI commitments in the January – February period totaled US$6.47 billion, down 23.6% year-on-year.
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15:39, 2020/02/15
Vietnam gov't to make utmost efforts to realize economic targets in 2020
Vietnam is predicted to be among four economies hardest hit by the Covid-19 outbreak, behind Singapore, Thailand and Hong Kong (China).