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Bubble tea, a gold mine attracting investors

Investors are flocking into the bubble tea market since demand is booming across the country.

 

Underground water polluted because of mismanagement

VietNamNet Bridge - The news about land subsidence in the western provinces of the southern region has once again rung the alarm over the exploitation of underground water.

VN-Index extends upward momentum to three straight days

The Vietnam’s stock market advanced for a third consecutive day on April 8 to open week in green thanks to rising trend on Asian stock markets caused by optimistic economic information from the US and China.

 

Biofuel consumption rises in HCM City

E5 biofuel consumption rose recently in HCMC, following the upward price adjustment on April 2, Sai Gon Giai Phong news site reported, citing multiple fuel outlets in the city.

 

Fierce competition predicted for Vietnam’s retail leasing industry

Competition is set to intensify for Vietnam’s retail leasing market, mainly due to the entry of foreign players and the rise of e-commerce, stated Viet Dragon Securities Company (VDSC) in its latest report. 

 

ADiDi penetrates local delivery market

The local delivery market on April 8 welcomed a new member, ADiDi, providing delivery, installation, repair and maintenance services, mainly for electronic products and household appliances.

 

VN central bank sets to tighten unsecured consumer finance

Regulations on personal unsecured lending by consumer finance companies will be tightened if a draft circular of the State Bank of Vietnam (SBV) takes effect.

 

Grab may be categorized as e-charter transport operator

Ride-hailing service providers such as Grab will likely be listed as e-charter transport operators, heard attendees at a meeting to discuss a draft Government decree replacing Decree 86 on the transport business and its conditions on April 8.

 

Truong Van Phuoc picked as Vietbank’s advisor

Vietbank, has announced the appointment of Truong Van Phuoc, former acting chairman of the National Financial Supervisory Commission, as its advisor from April 8, according to the Vietnam Finance website.

 

Siemens helps Vietnam build smart infrastructure

Germany’s Siemens AG will help Vietnam build smart infrastructure for sustainable development under a framework agreement on industry and energy cooperation signed between the two sides in Berlin on April 9.

 

Vietnamese Trade Counselor: benzoic acid still used in some food in Japan

The benzoic acid additive that Japanese authorities discovered in Chinsu-branded chilli sauce imported from Vietnam is being used in some food in Japan, according to Vietnamese Trade Counselor in Japan Ta Duc Minh.

 

Burger King slammed for ‘racist’ ad promoting Vietnamese burger

Burger King has come under fire for an advertisement that many deemed racist against Asians.

 

BUSINESS NEWS IN BRIEF 9/4

First exhibition on port infrastructure, logistics slated for June, Small firms run into difficulties with BOT tollgate fees, Binh Phuoc teams up with Ministry to attract investment, Pork prices drastically fall due to African swine fever

More underground reservoirs proposed in HCMC

The HCMC Steering Center of the Urban Flood Control Program has proposed the municipal government execute a project to build underground antiflood reservoirs using Crosswave technology at flood-prone sites in HCMC,

Vietnam’s regulations on food additives match international rules: health ministry

Vietnam’s regulations on food additives are in line with those issued by the United Nations’ Codex Alimentarius Commission (CAC), which has 186 state members,

Foreign banks in Vietnam raise chartered capital

VietNamNet Bridge - Both Vietnamese and foreign banks are rushing to raise their chartered capital to satisfy the requirements of Basel II.

Hanoi: Property transactions in some districts on the up in Q1

 Transactions on the property market in the districts of Dong Anh, Gia Lam, Hoai Duc and Thanh Tri posted an uptrend in the first quarter of this year though Ha Noi saw an overall reduction on the market, according to Savills Viet Nam in the capital.

Experts debate keeping or removing large sand island off Hoi An coast

A group of experts from the Ministry of Rural Agriculture and Development is debating whether to keep or remove a 15-hectare sand island that recently emerges around 1.5 kilometers off the coast of Hoi An City 

South Korean investors solidify foothold in Vietnam through M&A

 High growth potentials of the Vietnamese market has urged South Korean investors to make more merger and acquisition (M&A) deals with local firms to optimize business opportunities.

Hundreds of vintage vehicles showcased at Dam Sen Park

 Hundreds of vintage cars and motorbikes are being showcased at Dam Sen Park in HCMC.