10 years on, Vietnam’s vision of strong sea-based economy faces rows of roadblocks

Vietnam is reaping the benefits of a national strategy laid out 10 years ago to garner riches from the country’s long coastline, over 3,000 islands and abundant water areas three times the size of its land mass.

Tuong Chuc village, a lock repair village in Hanoi

 Tuong Chuc village, about 13 km southwest of Hanoi, used to be busy with trading activities because it is located along the highway, near the market and the river bank. But since the end of the 19th century, the village had a new craft – lock repair.

BUSINESS NEWS IN BRIEF 16/10

Vietnam CEO Forum 2018 to draw more than 1,000 entrepreneurs, Vietnam Railways boosts cooperation with state-owned corporations, Court opens Posco VST-Thanh Nam Group debt claim

What will VinFast’s pricing strategy be like?

VinFast has caught attention from the public with its impressive presence at 2018 Paris Motor Show. Now it needs to choose a reasonable pricing strategy to conquer the home market.

Vietnamese IT students have big opportunities in Japan

VietNamNet Bridge - Many Japanese IT firms are hunting for workers from Vietnam, offering great opportunities to Vietnamese youth who want to live and work in the country.


Vietnam’s universities make breakthrough in publishing scientific articles

VietNamNet Bridge - Vietnam’s universities have made a big leap in the number of international scientific published as they are now aware of the importance of scientific research in tertiary education establishments.

The beauty of Xo dang’s epics

 The epics of the Xo Dang ethnic group’s T’dra branch, also known as ho mu’uan, were first discovered in the early 2000s by Vo Quang Trong, Director of Vietnam Museum of Ethnology. 

Rapid urbanization worsening environmental dangers in VN

ADB said urbanization in Vietnam has been proceeding very quickly, as seen in the expansion of the administrative boundary of Hanoi and HCM City, where formerly agricultural land is now being used for industrial, trade and service activities.

BPhone 3 – the smartphone model made in Vietnam

Contrary to all predictions, BPhone 3, or the third generation of BPhone, a made-in-Vietnam product of BKAV Corporation, has been praised by domestic experts, who criticized BPhone and BPhone 2.

Miss Grand International contestants shine in national costume contest

 Vietnamese representative Bui Phuong Nga and other beauties at Miss Grand International put on some impressive performances during the national costume contest in Myanmar on October 12th.

Phuong Nga’s portrait clinches Top 9 finish at Miss Grand International 2018

 Vietnamese representative Bui Phuong Nga’s portrait won a place amongst the Top 9 photos at the Miss Grand International 2018 pageant, according to organizers of the global beauty contest.

Over 22,400 Vietnamese students study in US

 More than 22,440 Vietnamese youths studied in the US in the 2016-2017 academic year, a rise of 4.8 percent year-on-year, according to the US Consulate General in Ho Chi Minh City.

Second group of VN’s peacekeeping force sets off for South Sudan

 A ceremony was held at Tan Son Nhat International Airport in Ho Chi Minh City on October 15 to see off the second group of Vietnam’s first Level-2 field hospital to the United Nations peacekeeping mission in South Sudan. 

Khanh Hoa to host Visit Vietnam Year 2019

 The central coastal province of Khanh Hoa will host the Visit Vietnam Year 2019 under the theme of “Nha Trang-Khanh Hoa Sea Festival”, according to the Ministry of Culture, Sports and Tourism.

Nguyen Nhat Anh's best-selling novel presented at Frankfurt Book Fair

 The book titled I See Yellow Flowers on the Green Grass by children’s best selling author Nguyen Nhat Anh is being introduced at the 2018 Frankfurt International Book Fair which runs October 9-14.

“Significantly lower” port charges set to rise

 International shipping lines could face a 10 percent increase in container handling service charges at ports in the northern region, starting from early 2019 under the Ministry of Transport’s latest proposals. 

IMF forecasts Vietnam’s 2018 GDP at 6.6%

The IMF has forecast Vietnam’s GDP growth rate for this year at 6.6%, reflecting the growth momentum of trading partners and rising potential growth at home.

Digital economy necessitates regulation

 Fresh problems emerging from the digital economy, such as conflicts of interests between conventional businesses and digital-based businesses—Uber and Grab are the case in point—necessitates the regulatory institution.

Techfest 2018 to take place next month

 Taking place from 25 to 29 November in the central city of Da Nang, national start-up day ‘Techfest 2018’ is expected to attract 4,500 participants with a series of activities to connect investors with enterprises.

September auto sales up, changing domestic market share

 Sales of cars in September reached 25,351 units in the Vietnamese market, increasing by 19 per cent compared with the same period last year, according to Vietnam Automobile Manufacturers’ Association (VAMA).

IT success comes from perseverance in the face of failure

 When Vietnamese people hear the name Gcalls, many are quick to remember that it was the first technology startup to receive a one million–dollar investment from Vina Capital through the reality television show Shark Tank Vietnam.

Generation Z key consumers: Nielsen

 It is clear that Generation Z, born between 1998 and 2010, has a significant impact on the consumer market, a recent report released by global measurement and data analytics company Nielsen said.

Grab to operate as traditional taxi

 Ride hailing firms like Grab may soon have to display electronic lights on their cars showing the word ‘TAXI’, if the Government approves a proposal from the Ministry of Transport (MoT).

Real estate transactions to increase in Q4

 The domestic real estate market in the fourth quarter of this year is forecast to see the strongest increase in transactions in the year, higher than the transaction volume in the same period of 2017.

Super committee has second deputy chairman

 Prime Minister Nguyen Xuan Phuc has appointed Ho Sy Hung deputy chairman of Viet Nam’s Committee for State Capital Management.