vietnam business news

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Towards plastic alternatives in Vietnam

New opportunities will come to plastic and packaging producers in Vietnam ready to change their business strategies.

Vietnam: the rising star

Reading through the history of Vietnam gives one enormous respect for its people’s resilience. 

Big players vie for Vietnam’s delivery market share

Online shops could be the major clients of the firms as they have diverse service requests.

 

Central Vietnam emerges as world’s gateway to ASEAN

Most localities in Central Vietnam have borders with Laos or Cambodia, which is a great opportunity for the region to approach trade with the vast ASEAN community.

 

Realty credit plagued by rising risks

Realty credit has soared compared with that of last year. Realty inventories have piled up, signaling rising risks. 

Startups having a hard time accessing capital

Vietnam has about 3,000 innovative startup businesses or startups. However, not many startups are successful in calling for investment. It is estimated that less than one-third of enterprises have acc

Tech-based taxis need roof light boxes: Transport ministry

Transport Minister Nguyen Van The has sent a draft decree on business conditions for road transportation businesses to the PM for the ninth time, insisting that the installation of roof light boxes for tech-based ride-hailing vehicles is necessary.

New law strengthens tax collection from social network providers

The revised Law on Tax Management, passed by the National Assembly, sets out regulations to collect taxes from Google, YouTube, Facebook and the like from July 1 next year, even if they do not open representative offices in Vietnam.

 

Growing Chinese investment in Vietnam: time to worry?

Chinese companies are accelerating investment in Vietnam – but some local businesses are voicing concerns.

 

Vietnam will import LNG

Vietnam's gas supply is forecast to fall short of demand between 2017 and 2035, therefore, which makes it necessary to develop new gas sources, build infrastructure to develop marginal gas fields or even import liquefied natural gas (LNG).

 

Biodegradable bags in Vietnam and barriers

Among more than 500 businesses producing plastic bags in Vietnam, only about 30 have environmental-friendly certificates issued by the Ministry of Natural Resources and Environment.

 

VN commercial banks looking to list

Unlisted local commercial banks must consider a raft of matters if they are to list by 2020 under the latest government scheme.

 

Post-Auchan retail market expected to grow

The departures of the 24-hour convenience store chain Shop & Go, the e-commerce site Robins.vn and now the supermarket chain Auchan mirror the fierce competition in Vietnam’s retail market. 

Rampant hotel development is a waste of national resources

The hotel room redundancy is deepening in various parts of the country, especially Nha Trang City in Khanh Hoa Province, despite, paradoxically, a steep rise in international visitor arrivals in the past few years.

BUSINESS NEWS 17/6

Aquatic firm sets to withdraw from two sub units

$9.43bil. invested in Mekong Delta’s infrastructure

Over 890 projects in infrastructure with total investment of $9.43 billion are being carried out by in the Mekong Delta by 898 businesses from Ho Chi Minh City, according to statistics of the municipal People’s Committee.

 

Vietnam to raise IPO standards to minimize risks for investors

According to the government’s report, since more than 81 percent of the country’s public companies have charter capital of over VND30 billion, the revision thus will affect only a minority of firms.

 

Expert questions sustainability of Vietnam’s export-led growth model

The overall exports pattern of Vietnam portrays its similarities with export-led growth model of Mexico, which has turned itself into export production platforms for foreign multinationals, rather than developing own indigenous industrial capacity.

Vietnam’s liberalization efforts lead to booming tourism industry

Tourism is likely to become Vietnam’s new growth pillar, increasing its contribution to the service sector and overall GDP.

Foreign investors net purchase US$388 million of Vietnam shares

The ongoing revision of Vietnam’s securities law is expected to remove restriction for foreign ownership limit at local companies.