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Real estate sees a rise of M&A deals

 The Vietnamese real estate market has seen large-scale investments over the year’s first four months, with a surge of substantial merger and acquisition deals and funding into projects.

Thang Long Water Puppet Theatre introduces automatic ticketing

Thang Long Water Puppet Theater has installed two automatic ticketing machines next to the ticket counter, where visitors can select a date and time and also their seats, with payment made by Visa or debit card. 

Homes in Dak Nong crack by hydropower plant construction

Many locals in Dak Nong Province are complaining about the huge cracks in their houses which seem to have been caused by explosions at nearby hydropower plant construction in adjacent Dak Lak Province.  

Robots, smart factories now more common in Vietnam

VietNamNet Bridge - Contrary to all predictions, Vietnamese enterprises are willing to spend big money to use robots and advanced technologies in their production lines.

Vietnam trade deficit with China hits $150bn after five years

Import turnover from China reached $250bn while the export turnover was only USD100bn from 2013 to the first quarter of 2018, according to the Ministry of Finance.    

Ministry vows to curb city centre high-rises

The Deputy Minister of Construction Le Quang Hung said on May 23 that they would have strict measures to limit the construction of high-rise buildings in the centre of Hanoi and HCM City.

DoC lists condition for exemption from steel tax

 The US Department of Commerce (DoC) has notified the exemption of measures if Vietnamese steel export enterprises prove that the exported products are made from material not using Chinese-origin substrate.

Vietnam’s fintech industry to reach nearly US$8bn

 Vietnam’s fintech market is estimated to increase from US$4.4 billion last year to $7.8 billion by 2020, driven by rising bank penetration, according to research of Solidiance.

Vietnam hosts 2018 ASEAN-Japan cyber security drill

 The Viet Nam Computer Emergency Response Centre (VNCERT) hosted the 2018 ASEAN-Japan Information Security Drill in Ha Noi, central Da Nang and HCM City on Wednesday.

Central Bank of VN approves acquisition of VNPT’s finance subsidiary

 State Bank of Vietnam has approved the acquisition and transfer of Post and Telecommunication Finance Company Ltd (PTF) between VNPT and SeABank.

Ministry, steel firms work to seek exemption from US duties

The Ministry of Industry and Trade is working with steel businesses to handle procedures required by the US Department of Commerce to seek exemption from duties by proving their products are not made from Chinese materials.

Prawn to be wild: Mekong giant river shrimp output up

 After a long period of decline, the last two years have seen an increase in output of giant river prawns in the Mekong Delta.

Government decree cuts requirements for online businesses

 The Government has reduced the number of conditions and notification procedures required from online businesses in a bid to create a more favourable investment environment online.

FDI from the US into Vietnam remains modest

At many political and economic events, American officials and businesses all have said that they believe the US would be the top investor in Vietnam in the near future. But this has yet to happen.

Retailers keen to expand supply of organic foods

 To meet the growing demand for organic foods, retailers are scouring for producers and also planning to invest in organic agriculture themselves.

Vietnamese firms using e-invoices reach 9,000

  The number of Vietnamese firms using e-invoices has increased from roughly 800 in 2016 to over 9,000, according to the General Department of Taxation (GDT).

Sugar association opposes tax on sweet drinks

 The Viet Nam Sugarcane and Sugar Association has voiced concerns against the Ministry of Finance’s proposal of imposing special consumption tax of 10 per cent on sweet drinks.

Hanoi predicts ten potential disasters

 The Hanoi People’s Committee has predicted ten risks that could result in disasters including those related to fire, pollution, transport, health and nuclear power plants.

Photo exhibition marking Azerbaijan’s 100th National Day opens in Hanoi

 A photo exhibition themed “Far apart but close at heart” opened in Hanoi on May 24 to mark the 100th National Day of Azerbaijan (May 28), introducing photos of Azerbaijan in the past and modern times.

World leading cueists compete in Billiards World Cup in HCM City

 Close to 150 leading cueists from 17 countries and territories worldwide are gathering for the Three-Cushion Carom Billiards World Cup, which will officially open in Ho Chi Minh City on May 25.