VietNamNet Bridge - Vietnamese rich are spending enormous amounts of money for super cars.

One of the measurements of development in Vietnam, as in any country, is the level of foreign direct investment (FDI) say economists, because it represents a long-term commitment by foreign companies to the economy.

Private businesses, according to economists, have been hampered by state-owned enterprises (SOEs), foreign invested enterprises (FIEs) and state management agencies. 

VietNamNet Bridge - The majority of Vietnamese say they don’t want imports from China, but Chinese goods still flood the Vietnamese market.

VietNamNet Bridge - The better business performance in 2015 has prompted businesses to give more handsome bonuses to their workers this Tet.

VietNamNet Bridge - The problems of the Chinese economy have had a negative impact on Vietnam’s economy, including the financial market.

Core inflation in 2016 will not be much higher than that of 2015, at about 3 percent, while the inflation rate will be a little bit lower than core inflation, about 2-3 percent. The exchange rate and interest rate would bear hard pressure.

VietNamNet Bridge - While many Vietnamese people are pessimistic about economic development, foreign institutions have shown objective opinions that Vietnam’s economy continues to progress.

VietNamNet Bridge - 2015 is still a difficult year for the Vietnam economy. However, there have been signs of recovery.

VietNamNet Bridge - The high rent for retail premises in large cities, especially HCM City, has forced retailers to give up their business.

VietNamNet Bridge - Investors have repeatedly voiced their concern about Vietnam’s public debt which has been increasing rapidly, and about the national default risk, according to Le Xuan Nghia, head of the Business Development Institute (BDI).

VietNamNet Bridge - A series of new beer brands have appeared in the domestic market recently. Many brewery groups are planning to jump into Vietnam's promising market with 3 billion liters of beer consumed every year.

VietNamNet Bridge - The administration center and monument projects developed in cities and provinces are compared to ‘dishes of lobsters’ at the poor’s parties: they are too luxurious and cause a big waste.

VietNamNet Bridge - While China, Laos and Thailand are believed to benefit from the Chinese ‘infrastructure leverage’ program, Vietnam will sustain negative impact from it.

VietNamNet Bridge - Though Vietnam is among the countries with lower average income, many Vietnamese are still willing to spend big money on luxury goods.

Sabeco and Habeco, the two largest Vietnamese breweries, made VND5.3 trillion in pretax profit in 2014. However, the figure was still far below that earned by VBL, the distributor of Heineken, Tiger and Biere-Larue.

The news that Japan has entered an economic downturn has raised concerns among Vietnamese exporters. Meanwhile, experts believe Japan will still be keen in providing ODA (official development assistance) to Vietnam. 

VietNamNet Bridge - KustoCem, an investment institution from Singapore, saw profits of VND900 billion thanks to investment in CTD shares of CotecCons.

VietNamNet Bridge - Spending too much while income is limited, according to experts, is the main reason behind the current worrying situation of public debt.

The decline of the Chinese economy will have a negative impact on Vietnam, but the impacts will be insignificant in the short term. Vietnam’s import/export activities will suffer the most.