VCCI

Update news VCCI

Trillion-dong takeover deals heat up Hanoi real estate market

Many incapable investors had to give up their projects as they could not survive the frozen market of the last few years. Now is the right time for financially powerful investors to take over these projects at reasonable prices.

Executive agencies urged to crack down on polluters

Vietnam has a good legal framework concerning environment pollution, but the environment remains polluted, and forests have been devastated and rivers poisoned with untreated waste water. 

Raising discount rates, digital signature providers ‘die together’

VietNamNet Bridge - A saturated market and stiff competition have forced certificate authorities (CAs) to slash service fees and offer a sky-high discount rate of 75-80 percent.

Aircraft maintenance center: Russia chooses Thailand, not Vietnam

VietNamNet Bridge - Vietnam is capable of meeting the requirements to establish an aircraft maintenance center, but it has not put forward the idea. 

The ‘Thai goods’ era’ has arrived

VietNamNet Bridge - Vietnamese manufacturers’ biggest rival is Thailand, experts say. The country exports a wide range of goods, from chicken to slippers, from cosmetics to electric cookers. 

Vietnam should reject ‘blacklisted’ investors: economists

VietNamNet Bridge - Economists have called on the government to be cautious when licensing foreign direct investment (FDI) projects, emphasizing that Vietnam should not attract FDI at any cost.

Garment exporters feel heat from regional rivals

VietNamNet Bridge - As orders have moved from Vietnam to Myanmar and Laos, many Vietnamese small- and medium-sized garment companies have had to shut down.

Thai billionaires pour more money into Vietnam

VietNamNet Bridge - The huge assets worth $40 billion owned by three Thai billionaires will become larger thanks to the market of 90 million Vietnamese.  

Ecotourism project could damage national park

VietNamNet Bridge - An ecological & spiritual tourism development project in Bach Ma could damage the national park, experts say. 

Old feature phones selling better than iPhones in Vietnam

VietNamNet Bridge - Reports from market survey firms all show that the sales of feature phones have been higher than those for medium- and high-end products.

6.7% GDP growth rate goal may be unattainable: economists

VietNamNet Bridge - Many unfavorable conditions may make the 6.7 percent GDP growth rate target in 2016 unattainable, economists say. 

SOEs holding ‘golden land’ sell at high prices

VietNamNet Bridge - A series of state-owned enterprises (SOEs) have been sold at sky-high prices as they hold large land plots in advantageous positions, known as ‘golden land’. However, the sales might make the enterprises less attractive.

Drought, Thai sales of rice inventory pose problems for exporters

VietNamNet Bridge - Though the rice export increased in the first quarter over last year in the same period, rice exporters have been warned about big difficulties ahead.

BPhone, a year later, called ‘dud bomb"

VietNamNet Bridge - BPhone was brought into life in an impressive way, but the smartphone which was hoped to be ‘Vietnamese technological pride’ did not have an impressive performance in the last year.

VNEN documents to be developed into official textbooks

VietNamNet Bridge - The Ministry of Education and Training (MOET) has decided to develop teaching kits under VNEN – the new teaching model for Vietnam – into one of the sets of textbooks to be used for general education reform, commencing from 2018.

Locals on polluted Ba riverside thirsty for clean water

VietNamNet Bridge - The water of the Ba River has turned abnormally green, covered with scum and moss. However, it is still being used by thousands of local households, as it is their only source of water.

Big M&A deals to be made in 2016

VietNamNet Bridge - Retail is leading the merger and acquisition (M&A) market in the number of M&A deals and value in 2016. 

12th graders shun history exams

VietNamNet Bridge - Very few students have chosen history for their high school finals. However, in educators’ eyes, this does not mean Vietnamese students don’t take pride in Vietnamese history.

Domestic technologies not attractive to Vietnamese businesses

VietNamNet Bridge - The State budget every year funnels big money into national scientific research projects, but discoveries by scientists seem to have little significance in the eyes of businesses.

Yen fluctuations cause distress for big Vietnamese conglomerates

VietNamNet Bridge - The recent sharp fluctuations of the Japanese yen have caused losses for Vietnamese enterprises that borrow money in yen.