Vietnam breaking

Update news Vietnam breaking

Vietnam Index of Industrial Production rises 10.4 percent in 10 months

 Vietnam’s Index of Industrial Production (IIP) scored growth of 10.4 percent in the first ten months of 2018, compared to the growth of 9.6 percent in the same period last year.

US sanction on contractor delays Long Phu 1 thermal power plant​​​​​​​

 Long Phu 1 thermal power plant is riddled by uncertainties around international loans as the project contactor is subject to sanctions from the US.

Ministry of Information and Communications moves closer to establishing ICT Industry Department

 The Prime Minister recently gave approval in principle for the Ministry of Information and Communications (MIC) to set up an ICT Industry Department to promote the production of made-in-Viet Nam terminal equipment and boost the electronics industry.

Vietnam gears up for tough competition in fourth industrial revolution

 The fourth industrial revolution and digital transformation are bringing sweeping changes to the manufacturing sector and every aspect of socio-economic life around the world. 

ACV to play key role in Tan Son Nhat International Airport expansion?

 Airports Corporation of Vietnam (ACV) was proposed to do the key civil aviation project components to improve Tan Son Nhat International Airport to 50 million passengers in 2022.

Rescue efforts not the right response to repeated glut in dragon fruit

 Binh Thuan dragon fruit has seen its prices plummet to VND500-VND1,000 a kilo now from VND25,000 two weeks ago, sending farmers to a fresh but repeated agony. 

Asian Para Games: Vietnam wins two more golds in powerlifting, swimming

 The shining performances of swimmer Vo Thanh Tung and powerlifter Dang Thi Linh Phuong helped bring home two more gold medals for Vietnam at the ongoing 2018 Asian Para Games in Indonesia (INAPG 2018) on October 8.

E-commerce websites no longer required to register with Trade Ministry

 Organisations and individuals using e-commerce websites will not be required to notify or register with the Ministry of Industry and Trade (MoIT) from October 18.

VN rubber production industry to be impacted due to US-China trade war

 The latest US tariffs on Chinese auto parts was likely to hit Viet Nam’s rubber industry, said the head of the Vietnam Rubber Association (VRA)’s Rubber Development Consulting Division Tran Thi Thuy Hoa.

VN rubber production industry to be impacted due to US-China trade war

 The latest US tariffs on Chinese auto parts was likely to hit Viet Nam’s rubber industry, said the head of the Vietnam Rubber Association’s Rubber Development Consulting Division Tran Thi Thuy Hoa.

Minh Phu now one of world’s largest seafood companies, to list on HSX

 Undercurrent News has just announced the world’s 100 largest seafood companies, including Minh Phu Seafood JSC (code: MPC)—the only company of Vietnam in the top 50—which climbed 12 steps to the 41st position.

Bottleneck stymies Vietnamese firms from raising foreign shareholding

 Public companies are finding it hard to lift foreign ownership limit (FOL) to 100 percent due to current legal regulations on business condition lines and investment.

Having a permanent establishment in Vietnam could cost a pretty penny

With the trend of globalisation, more companies have extensive business operations across many territories and jurisdictions, but not all of them have a good understanding about domestic tax regulations in the host countries or in tax treaties.

30 years of FDI in Vietnam: new vision and opportunities in a new era

 Less than two weeks are left before Vietnam celebrates 30 years of FDI mobilisation with a large-scale conference reviewing performance so far and discussing strategies and opportunities in the future.

Vietnam banks face challenges in private offering to foreign investors

 Current legal regulations are hindering state-owned banks to attract foreign investors to their private placement though the measure is considered effectively to help the banks meet its urgent need for capital increase.

ASIAD 2018: Three Vietnamese footballers listed in FOX Sports dream team

 Three footballers from the U23 Vietnam squad made their names in the Asian Games 2018 (ASIAD) team of the tournament, according to FOX Sports Asia.

Wind power in Vietnam starts getting more foreign investors’ interest

 Foreign investors have started showing more interest in Vietnam’s wind power generation market in recent months, however, they suggested the government to raise the power price to make it more reasonable.

Uncertainties around Vinalines’ IPO

CEO of Indochina Capital Peter Ryder shared with VIR his views on VN real estate market developments and expectations.

WEF ASEAN: Vietnam needs to seek new competitive edge in Industry 4.0

 Vietnam and other countries at the same level of development should no longer see cheap labour as a strategy to maintain competitive edges in the market.

Call to relax regulations on the classification of ride-hailing firms

 Vietnamese experts are calling for regulatory bodies to relax regulations treating ride-hailing companies as taxi firms because some fear the consequences that could impact the development of new business models and technology advancements.