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HCM City encourages private investors to develop affordable housing

 Ho Chi Minh City will adopt incentives to encourage the private sector to develop social housing for sale and rent due to the city’s shortage of affordable homes for low-income families and industrial park workers.

Vietnam’s processed coffee looks to create a buzz in global markets

 Several businesses have set up strategies to help their processed coffee products win the trust of global consumers, given their belief that Vietnamese coffee has the strength and potential to do so.

High profits boost foreign firms’ long-term investments in Vietnam

Many foreign companies are planning to pour more investments for expansion in Vietnam in the long run after gaining good business performance in the fruitful market.

Four out of five executives report blockchain initiatives underway

 84 per cent of executives surveyed by PwC report blockchain initiatives underway, while 15 per cent are fully live.

Life insurance sector pumps $9.34bil. in economy in H1

 The life insurance sector pumped over 215 trillion VND (9.34 billion USD) into the economy in the first half of this year, according to the Insurance Association of Vietnam (IAV). 

Vietnam among fastest-growing e-commerce markets in Southeast Asia

 Vietnam is one of the fastest-growing e-commerce markets in Southeast Asia, according to information released at the Vietnam Online Marketing Forum 2018 (VOMF 2018) on August 17.

Businesses tackle exchange rate volatility with flexible solutions

 Businesses have been taking steps to mitigate the impacts of the current volatile exchange rate situation on their business operations.

Vietnamese athletes shine at Int’l Track & Field – Vietnam Open 2018

 Vietnam secured 14 gold medals on the first day of the Ho Chi Minh City International Track & Field – Vietnam Open 2018.

Vinh Tan 1 plant asked to halt pilot run of environment facilities

 The People’s Committee of Binh Thuan has asked the Vinh Tan 1 Power Company Limited to suspend the trial run of environmental protection facilities at the Vinh Tan 1 thermal power electricity plant. 

VN traditional grocery stores remain downbeat over future: Nielsen

 Traditional grocery retailers also expressed their great concern about the support from consumers, consumer traffic to their stores and competition from other retailers, according to a survey from Nielsen Vietnam.

Vinasun continues to lose out against strong competition from Grab

Vietnam Sun Corporation (Vinasun) has reported the third consecutive quarter of loss in its passenger transport business due to competition from ride-hailing services.

Vietnam's agro-forestry-fishery posts highest GDP growth in decade

 The Ministry of Agriculture and Rural Development said the GDP of agriculture, forestry and fishery is likely to expand to over 4 percent in the first six months of this year, the highest level in the past decade.

Binh Phuoc and Dung Quat bio-ethanol factories to resume operation

 The resumption of the two bio-ethanol factories Binh Phuoc Ethanol and Dung Quat Bio-Ethanol Fuel will contribute to increasing E5 fuel supply and decreasing retail prices.

PV Power to sell state stake in single bulk to strategic investors

 Vietnam’s second largest electricity producer, PetroVietnam Power Corporation (PV Power) plans to divest the state-owned stake by putting the shares on sale on the stock exchange in a single bulk.

HCM City seeks to improve growth quality, economic competitiveness

 Experts proposed a number of measures to improve the quality of growth and competitiveness of the economy in Ho Chi Minh City at a seminar on June 23.

Danang urges investors to develop six hi-tech agriculture projects

 The Danang Investment Promotion Agency (IPA Danang) is calling for local and foreign companies to develop six hi-tech agriculture projects worth a total of some US$90 million, in the central coastal city, an official said.

VN central bank continues net cash injections to support liquidity

 The State Bank of Viet Nam (SBV) has continued net cash injections into the monetary market for three consecutive weeks to support the liquidity of the banking system.

Ninh Thuan grants investment licences to nine solar power projects

 The People’s Committee of Ninh Thuan province has granted investment licences to nine solar power projects worth over 12 trillion VND (527.4 million USD).

Despite dropping revenue in China, Honda remains strong in Vietnam

Despite a huge reduction in revenue in China due to engine errors affecting CR-V and Civic vehicles, Honda is still doing well in Vietnam based on its market shares in the motorbike and car segments, with a new record in car sales.

Eleven investors interested in My Thuan-Can Tho expressway project

 Eleven investors, including those from the Republic of Korea and China, wish to invest in the My Thuan-Can Tho expressway in the Mekong Delta region.