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ICAEW: Vietnam the exception in Southeast Asia growth

 Growth predicted to moderate in region next year, with Vietnam still doing well, according to report from Institute of Chartered Accountants in England and Wales.

Banks incorporate Basel II standards

 A group of Vietnamese banks have been accorded compliance through international regulations despite the ­challenges faced in raising capital and attracting ­investors, paving the way for others to follow. 

Flood crisis flips homebuyer priorities upside down

 The recent heavy flood overrunning Ho Chi Minh City had a powerful impact on homebuyers’ demand, putting flood risks on top of their considerations and heavily altering the real estate market.

Financing renewable energy development

 Deputy Minister of Industry and Trade Dang Hoang An talked about ideas to contribute to enhancing the renewable energy segment in Vietnam and challenges in the forthcoming years.

Vietnam’s 4.0 ambitions in one hallmark strategy

 In order to boost sustainable economic growth, create new jobs, and attract more high-quality investment, Vietnam is mulling over the creation of a hallmark strategy on the Fourth Industrial Revolution with specific targets and action plans.

Fresh investment model drives FDI

 Vietnam has seen a new trend in foreign capital inflows focusing on new economic models in anticipation of the country’s innovation policy.

Meat imports increase as domestic demand rises

VietNamNet Bridge - Foreign meat exporters want to compete in Vietnam’s market with products made from  ‘animals that are treated well’.


Forbes’ new list of billionaires reflects changes in Vietnam

VietNamNet Bridge - Earlier this year, Forbes added two more Vietnamese billionaires to the list of the richest persons on the planet. 

BUSINESS NEWS IN BRIEF 9/12

Exports to EU open opportunity to expand markets for VN firms, Barriers remain in Vietnam’s tourism sector, Local companies join industrial supplier group, State Treasury raises over VND5.2 trillion via G-bonds     

Vietnam treasures friendship, cooperation with Cambodia: Party leader

Vietnam will do its utmost to preserve, protect and nurture the solidarity and comprehensive cooperation with Cambodia, General Secretary of the Communist Party of Vietnam and President Nguyen Phu Trong has said.

Social News 9/12

 Indonesia returns more Vietnamese fishermen, Da Nang launches public service chatbot, Vietnam to complete legal corridor for remote sensing activities, HCM City takes steps to deal with high tides

Removal of quarantine policy could do more harm than good

Removing the quarantine regulation will help simplify administrative procedures for enterprises, but will pave the way for unsafe food to flood the Vietnamese market, some experts say.

AirAsia to launch low-cost airline in Vietnam

 Malaysian low-cost carrier AirAsia and Vietnam’s Thien Minh Group on Thursday signed a memorandum of understanding (MoU) to launch a new low-cost airline in Vietnam.

All bets placed on Phu Quoc casino

 A casino in the southern island of Phu Quoc is set to be the first location in Vietnam to permit local people to gamble on its premises.

Power sector tickers prove alluring

 Many power firms have reported rosy business performance amid the power sector’s growing liberalisation which has fuelled market competition and bolstered the efficiency of production and business.

Agriculture sector breaking records

 Despite numerous difficulties, businesses in the agro-forestry-fishery ­sector have become a highlight in the economic ­picture of 2018.

Taxing times for the internet icons

 Social media giants and major tech enterprises are coming under fire from multiple sides as governments are managing to collect their dues, and business partners and users are decrying the unregulated and oftentimes harmful content. 

Cloud computing vision outlined at Internet Day

 Stores at Internet Day showed a solid foundation in infrastructure, connectivity, cloud computing eco-system, and advanced technology solutions, which provide the key tailwind for Vietnam to enter the 4.0 era.

Head of client solutions to replace Christy Le as Facebook Vietnam CEO

 Khoi Le, head of Facebook Client Solutions, will replace Le Diep Kieu Trang (Christy Le) as CEO of Facebook Vietnam after her resignation from early 2019.

Vietnam seeks new way for sustainable preservation of heritages

 Vietnam is home to 22 world heritage items recognized by UNESCO, including two natural heritage sites, five cultural heritages, and one mixed heritage.