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Vietnam wants to have 10 tech “unicorns” in 2030

Viet Nam wants to have at least five billion-dollar tech firms (unicorns) by 2025 and 10 by 2030 as planned in its draft on national strategy on the Fourth Industrial Revolution.

 

Hot sectors for a breakthrough in M&A

Vietnam has been creating enormous opportunities for investors in M&A in sectors like retail, consumer goods, services, and manufacturing.

Vietnam hands diplomatic note opposing China’s military drills

A representative of the Vietnamese Ministry of Foreign Affairs on August 7 made contact with China and handed a diplomatic note opposing its military drills in Vietnam’s Hoang Sa (Paracel) archipelago area.

8 reasons behind gap in Vietnam’s productivity level and regional peers

GDP growth based on high productivity is the way forward for Vietnam to maintain rapid and sustainable economic growth, said head of Vietnam’s General Statistics Office.

 

Tropical low pressure forms in East Sea

A tropical depression has formed in the East Sea with strongest winds near its centre reaching up to 40 to 50km per hour, according to the National Centre for Hydro-Meteorological Forecasting.

 

Policy reform is key to unlock Vietnam's M&A future

As new policies and trade deals change the focus of M&A inflows to Vietnam, the government needs to remove legal barriers and push SOE divestment.

Giant sculptural relief to be built on Binh Dinh mountain

Binh Dinh Province will build a giant sculptural relief about the mythical history of the Vietnamese people on a local mountain in Quy Nhon City.

Total cost of HCMC’s first metro line yet to be adjusted up

Ben Thanh-Suoi Tien metro line, whose construction is more than half completed, is still waiting for its upward investment cost revision to be approved, leading to hiccups in funding.

 

Japan stops education consulting firms from handling visa applications

The Japanese Embassy has announced a list of 37 overseas education consulting firms in Vietnam that have been stripped of their role as a representative that can apply for Japanese visas on behalf of their student customers.

 

Three officials arrested for collusion with property tycoon

Three State officials in Hanoi have been arrested in connection with violations committed by Le Thanh Than, chairman of Muong Thanh Group, who is being investigated for defrauding buyers of his housing projects.

 

Big C resumes ordering goods from 169 local suppliers

The Big C supermarket chain, owned by Central Group, has resumed placing orders for soft-line products at 169 out of 200 local apparel firms, after its abrupt suspension of purchases last month.

 

Policies take effect in Vietnam this August

The new policies include regulations on penalties for administrative violations, conditions for special amnesty, legal assistance for small and medium-sized enterprises among others.

 

Vietnam M&A Forum explores brand development post-M&A

At the third session of Vietnam M&A Forum 2019 experts explored how to find suitable strategies to build, protect, and develop brands.

Vinalines’ huge ships selling as scrap iron

OCD An Thuan Phat Auctioning has announced the auction of Vinalines’ ships on August 9 as authorized by the national shipping line firm.

Vietnamese player finishes in 10th place at Hunan Int'l Chess Open

 Talented Vietnamese chess player Nguyen Ngoc Truong Son finished in 10th position at the Belt and Road China Hunan International Chess Open 2019, which concluded in China on August 6.

Hanoi first grader dies after being forgotten on school bus

A first grader at an international school in Hanoi died on Tuesday after being forgotten on a school bus, according to authorities.

Party, State leader receives new ambassadors

Party General Secretary and President Nguyen Phu Trong hosted receptions today for new ambassadors of Thailand, Saudi Arabia, Colombia, Kazakhstan, Australia, Armenia, Morocco, India, Germany and Malaysia, who came to present credentials.

Next Iphone might be made in Vietnam: NY Times

The move would lift the ambitions of a nation already well on its way to becoming a powerhouse maker of smartphones and other high-end gadgets.

HCM City yet to approve downtown tollgate proposal

HCMC leaders have yet to approve a proposal to charge tolls on vehicles entering the central business district, according to HCMC Vice Chairman Tran Vinh Tuyen, speaking at a meeting with voters in District 4 last week.

Vietnam fails to attract FDI in hi-tech agriculture

Vietnam ranks among the top 3 rice and coffee exporters in the world, and its vegetable and fruit exports are expected to reach $10 billion prior to 2025.