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HCMC lacks enough hotels to accommodate tourism boom

VietNamNet Bridge - The demand for hotels in HCMC has been increasing rapidly, prompting investors to pour capital into hotel projects. However, it is difficult to find advantageous land plots to develop hotels.

School food vendors seek other buyers

 Suppliers of foods to pre-schools in HCM City are scrambling to join food distribution chains due to fears that unattached sellers would have their contracts terminated.

Proprietary trading benefits securities companies

Sai Gon Securities Joint Stock Company (SSI) reported VNĐ492.2 billion in pre-tax profit, up 46 per cent.

VN is Southeast Asia’s new industrial powerhouse

  In the last 20 years Viet Nam has switched from being an agricultural economy to one of the brightest manufacturing hotspots in South East Asia, according to the latest report from Jones Lang LaSalle.

VN Football Federation extends contract with German Jurgen Gede

 The Viet Nam Football Federation (VFF) has awarded German technical director Juergen Gede a two-year extension to his contract.

Da Nang cancels International Theatre Institute World Congress

Da Nang will not host the 36th International Theatre Institute (ITI) World Congress in 2018 after failing to secure funds from sponsors and donors.

Vietnamese actress stars in Myanmar cinemas

 Nguyen Tran Huyen My, first runner-up of Miss Viet Nam 2014, has captured the front pages of newspapers in Myanmar following the release of the film Bridge of Clouds.

Rubber companies set glum business targets

 Rubber prices are at a record low since October 2016, fetching only $1.57 per kilogramme. In this context, rubber companies are setting cautious business targets.

Larger 3G and 4G data packages inevitable

 As internet steadily replaces traditional text messages and calls as well as smart phones are overwhelmingly popular in the market, mobile operators find it a must to come out with low-cost 3G and 4G packages.

Traditional taxi firms urged to apply technology and adapt to ride-hailing trend

As ride-hailing services like Grab have become increasingly popular, traditional taxi firms are urged to apply technology and adapt to ride-hailing trend. 

E-commerce players keep burning money

 Vietnam's e-commerce platforms keep rolling in losses and taking in massive amounts of capital in wait for the online retail market to take flight.

H1 foreign investments in property exceed 2017

FDI pledged for Vietnam’s property market in the year’s first half witnessed a big surge and was higher than total pledged capital of the entire year of 2017, according to national investment data.

5G key to digital economy

 Technology firms have suggested that Vietnam should prep for 5G mobile services when it comes to developing the digital economy and catching up with the fourth industrial revolution.

Domestic companies earn US$33 billion from Jan-June exports

 The domestic business sector earned roughly US$33.1 billion in outbound sales in the first half of the year, increasing by 19.9% year-on-year, according to a newly released report by the Ministry of Industry and Trade (MoIT) on its website.

Foreign workers are seen at a construction site in Vietnam

 Compulsory social insurance for foreigners working in Vietnam is creating a heavy burden on local enterprises, according to a report by the Investment and Trade Working Group of the Vietnam Business Forum.

Wastewater standards still pending

 Wastewater standards on the amounts of nitrogen, phosphoric and ammonia permitted at seafood processors are still awaiting the final decision of the Ministry of Natural Resources and Environment.

Mobile carriers unhappy with 20% discount limit

 Local mobile carriers have proposed the Ministry of Information and Communications remove the discount cap of 20% on prepaid subscriptions. Since the limit was introduced in March, the sales of top-up cards have slumped sharply.

Da Nang to reduce private vehicles to curb growing traffic

 Multiple solutions, including limiting new auto registrations and developing public transportation, have been proposed at the seventh meeting of the Danang People’s Council. 

Manufacturing opportunities rising in Vietnam: Savills Vietnam

 Growing foreign direct investment (FDI) and a move up the value chain mean Vietnam’s industrial real estate sector has a bright future, according to real estate services provider Savills Vietnam.

Vietnam may lose five million jobs to automation: ILO

 As many as five million workers in Vietnam are at high risk of losing their jobs by 2020 because of the boom in artificial intelligence, which may replace laborers with robots, according to a recent study by ILO.