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Chinese steel finds Vietnam a safe heaven amid trade war

Chinese steel producers are planning to distribute their production capacity to other countries.

Experts fret over Chinese capital inflows into Vietnam

Chinese companies may pour large investments into Vietnam so that their products can bear made-in-Vietnam labels. 

Airfare caps to increase next year

 Airfare ceilings will be raised next year due to an increase in jet fuel prices and other costs related to foreign exchange rates, according to the Civil Aviation Administration of Vietnam (CAAV).

Unregulated P2P lending involves multiple risks: report

 Peer-to-peer (P2P) lending helps strengthen comprehensive financing, but Vietnam does not have a legal corridor for this debt financing method, and both borrowers and lenders are not protected by law.

‘Rich kids’ trend detected in HCM City

 The sudden appearance of the ‘Rich kids’ fashion, taking after the name of a popular social network for children of rich families, has created much concern among parents and the community in Ho Chi Minh City.

Experts say housing crisis impossible

 It is impossible that housing crisis to arise in Vietnam, said experts at seminar “ Crisis period and real estate investment” organized by Thanh Nien newspaper on July 18.

Domestic transit air terminal in HCM City to be set up

The Ministry of Transport will study to set up a transshipment terminal in the inner city of HCM City, aiming to save costs for passengers and reduce the congestion of the gateway international airport Tan Son Nhat International Airport.

Software to register civil status launched in 28 provinces & cities

 Deputy Minister of Justice Phan Chi Hieu shared that his ministry has already launched the software to register the civil status in 28 provinces and cities nationwide. 

Transport Ministry requests to install camera for supervising overloaded vehicles

 Vietnamese Ministry of Transport  (MoT) has ordered localities to install cameras to supervise overloaded vehicles in wholesale markets.

Japanese Coast Guard ship pays official visit to Da Nang

 On July 24th, KOJIMA training ship of Japan Coast Guard Academy arrived at Tien Sa port, starting the official friendship visit to Da Nang city.

Savills Vietnam says FDI increases remarkably in first half of 2018

 A good macro-economy has supported domestic growth and foreign direct investment (FDI) continues strongly. It has been a very healthy start to 2018 with solid performance across all asset classes.

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.

Trung Nguyen Group will have to compete with its subsiary

 With the announcement to open 1,000 coffee shops in China, Trung Nguyen International (under Trung Nguyen chairman’s wife Le Hoang Diep Thao) is declaring war on its parent company Trung Nguyen Group.

Vietnam’s automobile market expects a boom in second half of 2018

New vehicle sales in Vietnam declined 5% to approximately 22,000 units in June, according to the Vietnam Automotive Manufacturers Association (VAMA).

Social News 24/7

Hanoi applies online registration for blood donation, Japanese experts help Da Lat farmers develop high-quality flower production, USD13.63 million to be invested for Saigon River dyke, Vietnam recalls drug made in China on cancer fears

Hanoi to hire consulting firm for metro route operation

 Hanoi plans to hire a consulting firm to help guide the operation of Cat Linh-Ha Dong metro project.

Foreign e-comerce firms accept losses in VN

 Many foreign giants have invested in Viet Nam’s leading e-commerce platforms even as they incur big losses, as they continue to see the long-term potential of the country’s rapidly expanding online shopping sector.

Policies encourage renewable energy development

 New preferential policies have encouraged both local and international firms to invest in renewable energy, according to authorities.

Vietnam, Australia bolster ties in key areas: President

As Vietnam and Australia have raised their relationship to the status of strategic partnership, both countries should now step up collaboration in the foundational sectors of economy, trade and investment, security and defence.

Vietnam assocs propose tight control over exports to avoid high US tariff imposition

 Business associations have suggested state management agencies to tighten control over the origins of domestic export goods in a move to avoid risks for Vietnamese firms amidst the simmering US-China trade war.