HCM City infrastructure development to focus on services sector

HCM City’s infrastructure development is focused on transforming the economy and making it services-based.

Vietnam to develop international standard ports

Development of major ports and port clusters will get priority in the new master plan for the country’s port system for 2021-2030, Deputy Minister of Transport Nguyen Nhat has said.

Kien Giang invests in fishing infrastructure

The Cuu Long (Mekong) Delta province of Kiên Giang invested more than VND645 billion (US$28.2 million) in fishing infrastructure in 2020, according to its Department of Agriculture and Rural Development.

Firms seek thousands of students for jobs, internships at job fairs

Enterprises in HCM City are seeking students for jobs and internships to meet production needs before Tet (Lunar New Year) holiday which will falls on February 12-15.

Periodic emission controls for motorcycles must be included in law: expert

The national strategy to ensure road traffic order and safety for 2021-2030 and a vision to 2045 was recently approved by Prime Minister Nguyen Xuan Phuc, with the goal that in 2021-2030, it will implement periodic emission controls for motorcycles.

ILO welcomes new Labour Code

The International Labour Organization (ILO) has welcomed the new rights of workers and employers in Vietnam from January 1 as the revised Labour Code adopted in 2019 takes effect.

Young singers gain int'l achievements in 2020

Although 2020 was a tough year for the entertainment industry in Vietnam as well as the rest of the world, young Vietnamese singers gained outstanding achievements at international music award events.

Phu Quoc real estate market forecast to grow, driven by upgrade into first island city

The real estate market of Phu Quoc in the Cuu Long (Mekong) River Delta of Kiên Giang was forecast to be robust as the island district has just been given the green light to be upgraded to the country’s first island city in March this year.

HCM City faces shortage of English teachers in primary schools

HCM City is facing a severe shortage of English teachers in primary schools, partly because of stricter quality criteria required under a new recruitment programme.

State budget revenue hits 98 per cent of annual target

More than VND1.48 quadrillion (US$64.2 billion) was collected for the State budget in 2020, equivalent to 98 per cent of the target, according to the Ministry of Finance.

M&A scaled down in 2020 but some deals stand out

The year 2020 marked a rough year for the global finance and equity markets as the COVID-19 pandemic scaled down the global economy and discouraged investors to execute their M&A deals as planned.

RCEP a bright spot in bleak global economy

The COVID-19 pandemic has cast a long shadow and created uncertainty over the global economy.

US labels Vietnam currency manipulator in improper move

Prof. Dr. Tran Ngoc Tho from UEH outlines the questionable concepts in the US Treasury report labelling Vietnam and Switzerland currency manipulators.

Vietnam attracts over $28.5 billion of FDI in 2020

Foreign investors had poured more than $28.5 billion into the Vietnamese market as of December 20, equivalent to 75 percent of the amount in the same period last year.

Top 10 culture and tourism events of the year

The year 2020 marked ups and downs for culture and tourism development in the country, greatly impacted by the COVID-19 pandemic. 

Local groups impelled to adapt to trade deals

Vietnam remains one of the top 10 exporters of textiles and apparel. 

Financial institutions begin public trading

Vietnamese banks are enthusiastically filing for initial public offering or re-listing, in which they dream about tapping into broader scope of funds.

Developer portfolios in restructure phase

Real estate developers are actively restructuring their products towards mid- and low-end segments to be more suitable to the real demands of the market.

2020 – stormy year for ride-hailing app drivers

Ride-hailing drivers throughout the year 2020 were hit hard by the effects of the pandemic, which led to a sharp fall in clients at the beginning of the year, and by the new policy on required higher discount rate.

Formulating strategy for new phase of German funding

The Delegation of German Industry and Commerce in Vietnam (AHK Vietnam) has over the years organised effective conferences, business forums, and networking events in collaboration with the Ministry of Planning and Investment. 

Faith abounds in growth prospects

Despite a decline in state budget revenue, remittances, and foreign direct investment, Vietnam is expected to see positive growth with a surplus in current account this year thanks to a rise in export turnover and foreign currency reserves.

Platelet donors help save the lives of many people

Nguyen Thi N, 39, had to be rushed to hospital when she was 36 weeks pregnant because her platelet level was just 5 grams per litre of blood (G/L) while the normal human platelet count ranges from 150-400 G/L.

Vietnamese woman offered jobs at Facebook, Google after two refusals

Do Thanh Lam from Ba Ria – Vung Tau tried to apply for work at the world's leading tech firms, even though her English was not very good and she had studied only in Vietnam.

Vietnamese green thumb in Frankfurt

In a small garden on the outskirts of Frankfurt am Main, in Germany’s west, a variety of flowers are in full bloom, like jasmine roses, Leona da Vinci roses and tulips, revealing their elegant beauty and delicate fragrance to the world.

Japanese maintaining operations thanks to quick-thinking action

Japanese businesses have deployed a number of new business models in Vietnam in 2020 in an effort to shelter from the storm of COVID-19.