How will mobile money affect e-wallets?

Non-cash payment activities have developed strongly in recent years with many payment services such as digital banks and e-wallets.

 

Doing business with US: preparing thoroughly, giving specific offers

The government of Vietnam needs to improve the business environment and transport infrastructure, in addition to simplifying administrative procedures, to attract the expected new FDI 'wave'.

Elevated roads in HCM City could ease gridlock

HCM City should build an integrated elevated road system to tackle traffic congestion as land for transport in the inner city has become scarce, experts have urged.

Vietnam lures US$6 billion FDI into industrial parks

Nearly US$6 billion in foreign direct investment was poured into Viet Nam’s industrial parks (IPs), processing zones and economic zones (Ezs) in the first half of the year, according to the Ministry of Planning and Investment (MPI).

 

Gia Lai to have $44m hi-tech agricultural zone

A 100-ha hi-tech agricultural zone is scheduled to be built in the central highlands province of Gia Lai to develop breeding pigs and produce organic cattle feed and fertiliser.

 

Hanoi’s millennium-old bell named national treasure

A bronze bell dating back to the 10th century at Nhat Tao Communal House in Dong Ngac ward, Hanoi’s Bac Tu Liem district, was recently recognised as a national treasure.

Vietnamese pottery piece fetches $455,000 at auction

A pottery jar made in Vietnam dating back to the 15th century sold for €406,000 (US$455,000) at an auction by Christie's.

 

Vietnam eyes place in world’s top 10 farm produce processing hubs

The agriculture ministry has devised measures to turn Vietnam into one of the world’s most 15 developed countries in terms of agriculture by 2030, and among the top 10 farm produce processing hubs.

Vietnam seeks quality FDI from EU

Vietnam has undergone profound changes since first opening its doors to FDI more than 30 years ago.

Vietnamese business bemoans support conditions

Amid numerous difficulties, slow-paced implementation of government-led policies to assist enterprises hit by the health crisis are leaving many businesses in the lurch, making it hard to boost local production, a key driver of  economic growth.

Real estate booms in HCMC's suburban areas

The real estate market is picking up in the areas surrounding Ho Chi Minh City as inner-city options become limited and the infrastructure of these provinces is improving.

M&A deals increase during time of crisis

More M&As are expected this year, experts say.

Hard-working artist breathes life into poonah paper

Dó (Poonah) paper has been widely used in Vietnam’s famous Dong Ho and Hang Trong folk paintings. Drawing on poonah paper requires a very difficult technique that very few Vietnamese painters can master.

COVID-19: The truth is always the strongest argument

International experts and media have been trying to explain Vietnam’s extraordinary success in fighting the COVID-19 pandemic.

VIETNAM'S BUSINESS NEWS HEADLINES JUNE 29

Reform must focus on removing inconsistencies, overlaps in business regulations: VCCI

Quang Ngai: Near-shore coral reef threatened by tourism activities

The near-shore coral reefs in Quang Ngai Province are being damaged by careless tourists.

COVID-19-induced uncertainty affects bond markets

The COVID-19 pandemic continues to drag on local currency bond markets in emerging East Asia, including Vietnam, as investment sentiment globally and in the region wane and containment measures limit economic activity.

No licenses for transport firms with foreign holding of over 51%

Vietnamese transport firms wherein foreign investors contribute over 51% of the chartered capital will not be licensed, according to the Ministry of Transport.

Vietnamese businesses burdened with taxes, FIEs at ease with tax exemptions

Studies have found that Vietnam’s taxation system offers many incentives to foreign invested enterprises (FIEs), but puts an increasingly heavy burden on Vietnamese enterprises and people.

Teacher works to stamp out child drownings

After seeing parents grieving their drowned children, a physical education teacher of the northern province of Thanh Hoa decided to build a swimming pool and teach students how to swim for free.

Vietnam apparel firms won't see instant benefits from EVFTA

Vietnamese apparel companies will not enjoy immediate tariff cuts after the EU-Vietnam Free Trade Agreement (EVFTA) comes into effect, as they have to overcome strict rules of origin.

Vietnam confirms 12 Pakistani pilots ‘are working’ for local airlines

The Civil Aviation Authority of Vietnam (CAAV) confirmed on June 28 that it has licensed a total of 27 Pakistani pilots to work in Vietnam, but only 12 of them are currently flying for local airlines.

Street festival promotes Hanoi’s diverse culture

A street cultural festival themed “Hanoi – Green Destination” took place at the pedestrian zone in the city downtown on June 27 evening, attracting thousands of local residents and visitors.

COVID-19: British pilot to return to UK on July 12

The British Embassy in Hanoi has sent a note to the Vietnamese Ministry of Foreign Affairs and the Ministry of Health, requesting for repatriation of the British pilot infected with the coronavirus, the most severe case in Vietnam.

Vietnam opposes wrong location caption in American film

Authorities of the central city of Quang Nam have requested to suspend the broadcast of an American series aired on Netflix in which Hoi An was dubbed a Chinese landmark.