vietnam business news

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Is Vietlott still “hot”?

Vietnam Lottery Company (Vietlott) has just published its financial report for the first half of 2019, with a net revenue of only VND1.17 trillion ($50.87 million), down nearly 40 per cent on-year.

VN Start-up Day attracts nearly 200 Vietnamese and foreign start-ups

The 2018 Vietnam Start-up Day. This year the event will be held on August 23 and 24 at the Riverside Palace in HCM City’s District 4, with nearly 200 domestic and foreign start-ups in attendance.

 

Loss-making, low-profitability firms to be eliminated

Loss-making, low-profitability State-owned agriculture firms should be dissolved and made bankrupt, said Deputy Prime Minister Vuong Dinh Hue on August 21.

 

Foreign funds to exit logistics firm Gemadept

The UK-based Vietnam Investments (VI) Fund II LP plans to sell more than 58 million shares of logistics firm Gemadept JSC.

 

Global supply chains remain out of reach of VN businesses

Many Vietnamese companies in supporting industries that can produce high-quality parts are nevertheless struggling to enter large international supply chains or are only able to supply low-value items to them.

 

BUSINESS NEWS 22/8

Danang real estate market sees upbeat developments

14 provinces in central Vietnam with huge economic potential

An overview of the economy of 14 provinces in the central region of Vietnam with huge economic potential.

Direct imports for pharma groups

The pharmaceutical market was aroused when French-invested Sanofi Vietnam received the certificate of eligibility for a pharmacy business from the Ministry of Health to directly import drugs to the country.

 

Da Nang calls for high-tech investments in the US

A delegation of Da Nang City People's Committee led by chairman Huynh Duc Tho is paying a visit to the US to call for investment.

 

Kien Giang wants to turn Phu Quoc into an island city

The authorities of the southern province of Kien Giang have asked for the government's approval for the setup of Phu Quoc City and Tho Chau Island District.

 

Vietnam Airlines revises down revenue goals for 2019

Vietnam Airlines Group has revised down the projected consolidated revenue for 2019 from $4.8 billion as set in the shareholders’ annual general meeting in May to $4.5 billion.

 

Overview of Vietnam's seafood export in July

Vietnam’s export of aquatic products in July showed positive signs with an increase of 9 per cent year-on-year, particularly with exports of shrimp and other products rising, except for pangasius.

 

Vietnam investigates anti-dumping plastic products

The Ministry of Industry and Trade (MoIT) has issued Decision No.2334/QD-BCT to launch an anti-dumping investigation into Biaxial Oriented Polypropylene (BOPP) film originating from China, Thailand and Malaysia.

 

Vietnam makes big leap in startup ecosystem ranking

In only two years, Vietnam has climbed to the third position among the six ASEAN countries enjoying the most active startup ecosystems, trailing behind only Indonesia and Singapore.

 

BUSINESS NEWS 21/8

Administrative red tape tangles up property firms

BUSINESS NEWS 20/8

Vietnam imports US$6.6 billion in textile-garment materials in H1

 

Competition rising in VN ice cream market

Ice cream is also a market where local and foreign brands are battling it out for market share.

Officials arrested, auto firm may not be listed in 2019

The recent arrest of former directors at the Vietnam Engine and Agricultural Machinery Corporation (VEAM) has derailed the company’s future business plan.

 

National Assembly mulls cutting road fees

The National Assembly (NA) Standing Committee has proposed removing the road maintenance fund and petrol price stabilisation fund.

 

Vietnam sees more investment opportunities from China’s BRI

Vietnam, together with some other Southeast Asian countries, is increasingly seeing investment opportunities related to China’s Belt and Road Initiative (BRI), two separate reports issued this month show.