vietnam business news

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BUSINESS NEWS 20/7

Calls for insider traders to be dealt with criminally

 

Vietnam logistic booms with million-dollar M&A deals done

The logistics market in Vietnam is booming with million-dollar merger deals being signed and many foreign companies striving to increase market share.

 

VN fitness club market to exceed $3.5bn by 2023: report

Penetration rate of fitness services in Vietnam expected to increase into the future, according to latest report from Ken Research.

New airlines may put pressure on Vietnam's airport infrastructure

The local aviation market is booming as several new airlines have entered the market, provoking concern over how major airports in the country can handle sudden rises in passengers and aircraft movements.

 

HCM Stock Exchange releases updates for VN30 basket

The HCM Stock Exchange (HoSE) has announced the latest update to the blue-chip VN30 Index for July 2019, which will take officially effect from August 5.

 

Low disbursement of public investment in H1: Planning & Investment Ministry

The Ministry of Planning and Investment (MPI) must review obstacles in disbursing public investment as well as accelerate the speed of capital allocation, especially Government bonds and official development aid (ODA).

 

HCM City seeks to become global financial hub

HCM City has committed to develop a detailed plan to turn the city into a regional and international financial hub after years of delay in carrying out the ambitious goal.

 

Vietnamese firms urged to transform in digital age

The internet and smartphones are having a profound impact on consumers in many areas and offering manufacturers and retailers the opportunity to promote their products, a seminar heard in HCM City yesterday

 

Chinese electricity import increase proposed

The Ministry of Industry and Trade has proposed an increase in Chinese electricity imports to ease the domestic power shortage.

BUSINESS NEWS 19/7

Ministry asked to speed up public investment disbursement

 

High-value property transactions must be reported

The Ministry of Construction has told the local construction departments to force property traders and exchanges to report cash transactions of VND300 million or more. 

 

Trade pacts bring opportunities for Vietnam seafood industry's sustainable growth

The seafood industry must envision a long-term strategy to make full use of new trade pacts and prepare for problems that might arise when they take effect, Truong Dinh Hoe, VASEP general secretary, said.

 

Japanese bank eyes VN Electricty Group's energy projects

The Japan Bank for International Cooperation (JBIC) is interested in investment plans for energy projects of the Vietnam Electricity (EVN) and Vietnam Oil and Gas Group (PVN).

 

Vietnam's southern provinces ready for billion-dollar FDI projects

Foreign direct investment (FDI), especially in southern provinces, is expected to increase sharply with a number of billion-dollar projects in the pipeline, according to the Foreign Investment Agency (FIA).

 

Vietnam sees export revenue rising in first half

Vietnam made over US$122.5 billion in export revenue in the first six months of 2019, up 7.2%, or US$8.21 billion, year-on-year, according to the latest statistics from the General Department of Vietnam Customs.

 

Market, shopping center in HCM City under investigation for fake products

The Vietnam Directorate of Market Surveillance is investigating sites suspected of selling fake, counterfeit and imitation products in HCMC and has already seized over 1,830 items at Ben Thanh Market and Saigon Square Shopping Center.

Textile, dyeing projects unwelcome in many localities

Many localities in the country have refused textile and dyeing projects due to fears of environmental pollution, said Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association (VITAS).

 

Vietnam's top five e-commerce platforms in Q2 announced: iPrice

Sendo, for the first time, was listed as one of the four most visited ecommerce platforms in the second quarter of 2019, according to data from iPrice Insights’ map of ecommerce.

 

State capital investment corporation successfully sells capital in nearly 1,000 firms

The State Capital Investment Corporation (SCIC) successfully sold capital in 999 enterprises as of June 30, said Deputy General Director Le Song Lai during a conference on July 17.

 

Vietnam in urgent need of brands for tra fish

Vietnam is facing an urgent need to build brands for its tra fish, a big foreign currency earner, amidst numerous challenges facing the industry.