Lessons learned: Apax, Mai Linh forced to restructure after business failures

Real estate is a profitable business field, but not all investors can earn huge profits.

Renowned Japanese musician to perform in Vietnam

Japanese musician, composer, and multi-instrumentalist Kitaro, who is widely regarded as a pioneer of New Age music, has confirmed on his Facebook page that he will perform at a concert of Vietnamese pop singer Ha Anh Tuan next year.

Vietnamese favour outbound tours to Japan, RoK during New Year holiday

Vietnamese tourists are tending to choose destinations in Northeast Asia such as Japan, Taiwan (China), and the Republic of Korea (RoK) for short New Year holidays, according to survey conducted by travel firms.

Logo for 50 years of Vietnam – UK diplomacy unveiled

The British Embassy on December 14 unveiled a logo for events to mark 50 years of diplomatic ties between Vietnam and the UK in 2023.

Bonhams auctions Vietnamese art works

Bonhams Cornette de Saint Cyr auction house presented for the first time a sale entitled La Modernite Vietnamienne for Vietnamese art in Paris, France, on December 14.

Vietnamese PM meets with Spanish counterpart in Brussels

Vietnamese Prime Minister Pham Minh Chinh met with his Spanish counterpart Pedro Sánchez Pérez-Castejón on the sidelines of the ASEAN-EU Commemorative Summit marking 45 years of diplomatic ties in Brussels, Belgium, on December 14.

Vietnam, Europe boost cooperation in tackling trade frauds

A customs administrative cooperation agreement between the Vietnamese Finance Ministry and OLAF was signed in Brussels on December 14.

Striker Cong Phuong likely to return to J-League

Vietnamese striker Cong Phuong who has played for Hoang Anh Gia Lai FC is likely to return to Japan to play for J-League, said local media.

Vietnamese women's team end year ranked 34th by FIFA

The Vietnamese women's national football team remain the leading team in Southeast Asia and retain their 34th place in the world, FIFA, the world football’s governing body, announced in its latest rankings.

VIETNAM BUSINESS NEWS DECEMBER 14

PM directs healthy, transparent corporate bond market

ADB raises 2022 economic growth projection for Vietnam to 7.5%

The Asian Development Bank (ADB) has raised its economic growth forecast for Vietnam this year to 7.5%, despite regional and global gloom, the bank said in a regular supplement to the Asian Development Outlook (ADO) 2022 released on December 14.

VIETNAM NEWS HEADLINES DECEMBER 14

PM Chinh meets Vietnamese community in Belgium, European countries

PM attends 10th ASEAN-EU Business Summit in Brussels

Prime Minister Pham Minh Chinh called for more efforts to intensify international solidarity, uphold multilateralisation, and cooperate more closely and effectively among countries, while attending the 10th ASEAN-EU Business Summit in Brussels.

Belgium a partner of leading importance in EU: PM

Vietnam always considers Belgium a partner of leading importance in the European Union (EU), Prime Minister Pham Minh Chinh told his Belgian counterpart Alexander De Croo during their talks in Brussels on December 13 (local time).

Vietnam, Tanzania boost friendship traditional ties

A Vietnamese Party delegation attended the 10th Congress of Tanzania's Chama cha Mapinduzi (CCM) -Party of the Revolution - in Dodoma, Tanzania's capital, from December 6 to 9 at the invitation of the ruling party.

The painful failure of Vietnamese movies

Of the 10 TV dramas most sought on Google in Vietnam this year, there was no Vietnamese product. For movies screened at the box office, there are three Vietnamese names.

WB economist points to Vietnam’s growth drivers

Vietnam’s strong economic performance in 2022 has been driven by several factors, including export, domestic demand and private investment, according to Andrea Coppola, the World Bank (WB)’s lead economist.

Vietnam eyes double investment in agriculture to US$34 billion by 2030

Vietnam has set a target to double the amount of foreign investment in agriculture to 34 billion USD by the end of 2030.

To develop sea tourism, localities should focus on their own specialties

Vietnam’s sea tourism has been growing rapidly, but  localities need to develop their own sustainable tourism products, experts said at a recent seminar.

Credit limit raised, but banks may lack money to lend

The State Bank of Vietnam (SBV) on December 5 said that the credit growth rate limit has been raised by 1.5-2 percent for 2022, which means that about VND400 trillion more will be pumped into the national economy.

Banks strengthen provision buffer for defaulted loans amid rising bad debts

Amid rising non-performing loans (NPLs), many banks have strongly increased their loan-loss reserve (LLR) funds to readily face uncertainties in the future.

Hoang Viet An competes at Mister Friendship 2022

Local model Hoang Viet An has been named as the Vietnamese representative to compete at Mister Friendship 2022, with the male beauty pageant underway in Khon Kaen, Thailand.

Personal income taxes amid tough times

According to https://www.numbeo.com, the monthly living expenses of a Vietnamese person in October 2022 was VND10.8 million and of a four-member family VND38.5 million.

The fine line between breakthroughs and crises: failed businesses

The news about Nguyen Ngoc Thuy and the crisis of the Apax English system shows that the ambition of rapid business development can have high risks if the business is not administered well.

Scale of Vietnam's digital economy modest compared to potential

The potential of Vietnam's digital economy is estimated at US$40 billion, but only a small part of it has been exploited.