vietnam business news

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FDI looking bright into future

The bump in FDI during the first six months of the year is expected to continue as a number of factors take hold.

Concerns arise as Chinese P2P companies flee to Vietnam

A large number of Chinese P2P companies in Vietnam have created unfair competition and caused confusion among customers, as some recruited Vietnamese as representatives.

Overview of VN auto market in first half 2019

The Vietnamese market in the first half of 2019 has welcomed both imported and assembled new car models, including the Mitsubishi Xpander which now ranks as one of the ten best-selling cars.

 

HCM City: office market continues stable growth

The office market in Ho Chi Minh City continued stable growth in the first half of this year, with some increases in rental prices and areas, according to major property consultant firms.

 

Hong Kong the largest source of foreign investment in Vietnam in first 7 months of 2019

Hong Kong retained its crown as Vietnam’s leading source of foreign direct investment (FDI) in the first seven months of this year, pouring US$5.44 billion in the country, according to the Foreign Investment Agency said.

 

VN among countries where int’l flows exceeds expectations

Cambodia, Malaysia, Singapore and Viet Nam are countries where international flows exceeds expectations, according to the DHL Global Connectedness Index 2018.

 

VN Gov’t cracks down on fraudulent origin of goods

Nine ministries and central agencies will join forces to launch a year-long campaign next month to fight smuggling, trade fraud and fake goods, especially those illegally using Made-in-Vietnam labels.

 

Drawing up legal framework for office-tels in Vietnam remains difficult

The Ministry of Construction has written to the prime minister stating that it has encountered a host of difficulties in researching and drafting a circular on regulations for developing and managing the office-tel segment.

 

Ten Ren bubble tea stores close over saturated market

The saturation of the Vietnamese bubble tea market may be the reason behind the recent closure of dozens of Ten Ren bubble tea stores.

 

Foreign interest in Vietnam’s LNG sector remains high

Foreign investors are diving into developing liquefied natural gas (LNG) and gas-fired power projects in Vietnam, in part due to country’s growing demand for electricity.

 

Vietnam could face power shortage

Vietnam could face an electricity shortage of 6.6 billion kWh in 2021 and 11.8 billion kWh in 2022. The shortage could increase to 15 billion kWh in 2023.

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Viet Nam seeks foreign investment in ports

VN steel industry forecast to maintain stable growth

Vietnam’s steel production and consumption in the first half of 2019 recorded respective increases of 7.7 percent and 9.8 percent year-on-year, according to the Vietnam Steel Association (VSA).

 

Korean, Japanese firms eye Vietnam’s real estate market

The real estate sector has announced a number of joint venture projects with the Republic of Korea (RoK) and Japan in the past three years.

 

Lotte opens duty-free store at Noi Bai int’l airport

The Republic of Korea (RoK)’s Lotte Duty Free company opened a duty-free store at Noi Bai international airport in Hanoi on July 28, one year after the launch of the second of its kind in Nha Trang.

 

Hyundai’s logistics arm opens first Southeast Asian office in Vietnam

Hyundai Glovis, a logistics subsidiary of Hyundai Kia Automotive Group from the Republic of Korea, is expanding its overseas presence by opening its first Southeast Asian office in Vietnam.

 

 

Livestock industry restructure imperative, cooperation needed: official

Close cooperation between companies, co-operatives, farms, and households is needed to restructure the livestock industry, the Ministry of Agriculture and Rural Development has said.

 

Vietnamese shipping fleet ranked 30th in the world

Vietnam’s shipping fleet with more than 1,500vessels and a total capacity of 7.8 million DWT is ranked fourth in ASEAN and 30th in the world.

Policies promoting new technologies urgently needed in ASEAN region

Vo Tan Thanh, vice chairman of the Viet Nam Chamber of Commerce and Industry (VCCI) in HCM City, speaks at the 2019 ASEAN-China Smart Industry Conference held on Thursday in HCM City.

Proptech expands in Vietnam: JLL

Despite inherent barriers arising from a traditional mindset and the high requirement for trust in the real estate industry, the prospects for proptech in Vietnam are still positive.