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Vietnam’s $33 billion digital economy attracting big players

VietNamNet Bridge - Vietnam’s digital economy is promising, with value expected to reach $33 billion by 2025, according to the e-Conomy SEA 2018 Report released by Google and Temasek.


Hanoi and Ho Chi Minh City stock exchanges urged to merge in 2019

 The merger is part of a series of measures to develop Vietnam’s stock market.

Foreign investors' securities portfolio in Vietnam swells 9% in 2018

 The stock market continued to be an efficient capital mobilization channel for Vietnam’s economic development.

Solar plants’ consumption crisis

Vietnam’s solar power plants are facing a crisis in consumption of their electricity because there has not been synchronous development of power transmission infrastructure or a suitable operation mechanism. 

Vietnam posts positive year in 2018

 The Vietnamese manufacturing sector continued to record solid growth in December, helping the country show the strongest upturn in ASEAN during the last month of 2018.

Foreign currency lending extended into 2019

 The State Bank of Vietnam (SBV) has issued a circular to allow credit institutions and foreign bank branches to extend loans in foreign currencies to some borrowers in 2019, rather than cutting them off at the end of last year as planned.

Challenges ahead for oil industry

 Viet Nam’s petroleum industry needs to overcome four big challenges to maintain its position as a leading economic sector.

Foreign capital attraction to see new forms

 Vietnam needs to learn about new forms of investment to raise appropriate policies for attracting foreign money, according to chairman of the Viet Nam Association of Foreign Invested Enterprises Nguyen Mai.

Vietnam’s IIP records encouraging growth in 2018

 The nation’s index of industrial production (IIP) in 2018 experienced an encouraging increase of 10.2 per cent over the previous year, the General Statistics Office (GSO) said.

Local authorities responsible for violations in BT projects

Departments, agencies and local authorities have been told to review all approved BT projects and take responsibility for any violations in their execution, based on Resolution 160 issued by the Government at the end of 2018.

Hanoi holds flower seasons exhibition

 The Municipal Cultural Center under the Hanoi Department of Culture and Sports is holding an exhibition featuring Hanoi’s 12 flower seasons at the Kim Dong Cultural Center in Hoan Kiem District.

Vietnamese Gov’t targets 2019 GDP growth at 6.8%

 The Government is aiming for a softer gross domestic product (GDP) growth rate of 6.8% this year and an inflation ratio of less than 4%.

HCMC taxman suspends coercive collection of tax from Sabeco

 The HCMC Tax Department has suspended efforts to coerce Sabeco into paying VND3.14 trillion (US$135.4 million) in special consumption tax and fines for violations of tax laws in the 2007-2015 period.

2019: Promising year for labour export

 2019 is considered a promising year for labour export with a series of potential markets with good jobs and salaries are opening door for Vietnamese workers overseas.

Contemporoary "Cafe Saigon" dance at Opera House

 "Café Saigon", a contemporary dance, will be held from 8pm on January 19 at the HCM City Opera House on 7 Lam Son Square in District 1.

Retail sales rise on strong domestic demand

 Total retail sales of goods and services in Vietnam reached nearly 4.4 quadrillion VND (191 billion USD) in 2018, representing a rise of 11.7 percent against the previous year, according to the General Statistics Office (GSO).

Foreign capital flows to have strong effects on Vietnam’s VN-Index in 2019

  If Vietnam is included in the emerging market index of FTSE and MSCI in March 2020, the VN-Index may begin to surge in the fourth quarter of 2019.

Facebook’s new move makes it impossible to buy fake likes

VietNamNet Bridge - After Facebook launched a campaign to clear up fake accounts, many KOL (key opinion leaders) have suffered as the number of interactions has sharply decreased.


Physical abuse, exam cheating top concerns in education sector in 2018

VietNamNet Bridge - The education sector faced controversy in 2018 after physical and sexual abuse incidents were reported. 


What are investors looking forward to in 2019?

VietNamNet Bridge - With a 10-year high growth rate of 7.02 percent in 2018 and macroeconomic stability, Vietnam is expected to continue to be an attractive stock market in 2019.