news Vietnam

Update news news Vietnam

New supply coming for Hanoi's and HCMC's retail real estate

2019 is expected to witness a sizeable amount of new supply coming on stream in retail real estate in HCMC, approximately 394,000 sq m gross floor area from 12 projects located in non-CBD areas.

Vietnam targets 6.5 million tonnes of rice exports this year

 The Ministry of Agriculture and Rural Development (MARD) has set a goal to export around 6.5 million tonnes of rice worth a total USD3 billion this year.

US group transfers pharmaceutical production technology to Vietnam

US-based Pfizer Group has signed an agreement on the transfer of pharmaceutical production technology to Vietnamese enterprises, so the first products are scheduled to be produced in 2020.

Two illegally-traded Tibetan bears in Hai Phong rescued

 Two Tibetan bears which were illegally transported in the northern city of Haiphong have been rescued and then handed over to Cuc Phuong National Park.

Vietnamese entrant at Miss Intercontinental criticised

 Miss Ocean Vietnam 2017 Le Au Ngan Anh has just sent her first images from the Miss Intercontinental 2018 pageant despite failing to receive an official endorsement to participate in the competition.

Over 20 people die of traffic accidents per day in Vietnam

 As many as 18,736 traffic accidents occurred in Vietnam in 2018, leaving 8,248 dead and 14,802 injured.

TMV marks 11% increase in 2018 car sales

 Toyota Motor Vietnam (TMV) achieved a record sales volume of nearly 66,000 units, excluding imported Lexus cars, in 2018, marking a year-on-year increase of 11 per cent.

Vietnam’s fitness platform WeFit raises $1m in funding

 Vietnam’s fitness platform WeFit.vn has successfully raised US$1 million in a pre-Series A funding round from Japan’s CyberAgent Capital, the Republic of Korea’s KBInvest and undisclosed angel investors.

Three VN companies among ten most visited e-commerce sites in ASEAN

 Vietnamese e-commerce platforms Tiki, Thegioididong and Sendo were named among ten most visited sites in Southeast Asia by price comparison website iPrice Group.

Viettel brand valued at over US$3 billion

 Viettel again took first position in the list of the top 50 most valuable brands in Viet Nam in 2018 with a value of more than US$3.1 billion, increasing 24 per cent from the previous year.

Yeah1 Group acquires US-based ScaleLab

 Media firm Yeah1 Group announced in HCM City on Thursday that it has bought out ScaleLab, a well-known YouTube multi-channel network which represents some of the biggest social media influencers in the world.

Vietnamese banks post high profits in 2018

 Despite the central bank’s tightened monetary policy, many banks reported good business performance last year thanks to improved bad debt resolution and rising income from services.

Hanoi eyes cutting logistics costs

 Ha Noi has devised a plan to cut logistics costs and improve transport connectivity in the capital city to support investors and businesses.

Vietnam exports US$3.5 billion worth of coffee in 2018

 Vietnam exported more than 1.8 million tonnes of coffee worth US$3.54 billion in 2018, marking year-on-year rises of 20 per cent and 1.2 per cent respectively.

ACV proposes $487m to build new terminal at HCMC airport

 The Airports Corporation of Viet Nam (ACV) has sent a proposal to the Ministry of Transport (MoT) with plans to build a third passenger terminal (T3) at Tan Son Nhat International Airport.

Kevin Yurkus says goodbye to Cantho Catfish

 Coach Kevin Yurkus has bid farewell to defending national basketball champions Cantho Catfish after two years.

Dangerous drivers to receive lifetime bans

 The Ministry of Transport was looking at handing out lifetime bans to dangerous drivers, said Minister of Transport Nguyen Van The at a conference held in Hanoi on Friday.

Painting contest launched for fans of Euro literature

 Fans of European literature of all ages have been invited to take part in a painting competition themed Creative with European Literary Characters.

VN, Australia launch $7m innovative project

 The Ministry of Science and Technology and the Australian Government launched the Australia – Viet Nam Innovative Project, under the name Aus4Innovation, on Thursday.

Transport ministry’s 2018 disbursement rate highest in 3 years

 The Transport Ministry disbursed 76 percent of the sum assigned by the Government in 2018, the highest rate recorded in the past three years. The rate was also higher than the national average of 66.35 percent.