vietnam business news

Update news vietnam business news

Vietlott fails to attract customers

Vietnam Lottery Company (Vietlott) is reporting slow sales with many agents struggling to survive.

 

BUSINESS NEWS 30/5

Vinafood 2 sets aside stellar provisions for fraudulent subsidiaries

 

Implementing a solid franchise foundation

After rapid expansion, the franchising market in Vietnam is expected to continue upwards over the next few years with its increased involvement in free trade agreements. 

Real estate sector advised to reduce dependence on bank credit

The real estate market has slowed in the first months of 2019, which experts attributed to limited bank credit sources for the market.

 

Forex rate under pressure of US-China trade tensions

The foreign exchange market has heated up when the daily reference exchange rate set by the State Bank of Vietnam continuously climbed to new record levels and the VND/USD rates listed at commercial banks also surged.

 

Vietnam to purchase more power from China, Laos

Vietnam plans to purchase more electricity from China and Laos in the coming years as the domestic power supply is running out, an official has said.

 

First domestic chip cards launched in Vietnam

The Vietnam Bank Card Association, in collaboration with the National Payment Corporation of Vietnam (NAPAS) and seven commercial banks, launched the first domestic chip cards on May 28.

Vietnamese firms invest US$183 million overseas

Vietnamese firms invested $183 million in overseas projects in the first five months of this year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

HCM City hosts Sustainable Finance Forum

Forum a venue for participants to examine how regulatory and market developments can help promote financial returns and sustainable finance.

Vietnam ranks 13th in Asia-Pacific on power index: report

Vietnam’s overall power ranking in 2019 remains unchanged from 2018, according to the latest Asia Power Index released Tuesday by Australia-based think tank Lowy Institute.

Investments from China to Vietnam on the rise

Vietnam has seen more investment from China as the trade war between China and the US continues.

BUSINESS NEWS 29/5

Foreign investors suddenly net buy more than VND5.7 trillion

Why Western retailers say goodbye to Vietnam?

The Vietnamese retail market would hardly attract more European retail groups in the mass segment due to the harsh competition.

Private enterprises want to have a health business environment

Economist Dr Dinh The Hien, president of the Institute of Information and Economic Research (IIB), talks to Kinh tế & Đô thị (Economic and Urban Affairs) newspaper on the support the private sector wants to receive from the Government.

Ministry pledges to ease revenue shortages for BOT investors

The Ministry of Transport is to take responsibility for assisting build-transfer-operate (BOT) road investors facing revenue shortages in order to help them secure investment efficiently as well as avoid non-performing loans.

 

Vietnam develops modern supply system for farm produce

Vietnam needs to develop a system of modern agricultural product supply centres which can help to promote the consumption of farm produce in value chains, enhance food safety and hygiene, and improve the competitive edge of Vietnamese goods.

 

Industry and Trade Ministry goes online for administrative procedures

The Ministry of Industry and Trade has moved to put more public administrative services online towards a more simplified and transparent administration.

 

Loss-making projects to be handled in 2020

Twelve delayed or loss making projects under the Ministry of Industry and Trade (MoIT) would be resolved by 2020, according to the ministry’s Planning Department.

 

Vietnam, India boost cooperation in energy security

A scientific workshop on Vietnam-India development cooperation in energy security was held in Hanoi on May 27.

 

Big players heat up Vietnam’s pharmaceutical industry

The local demand for pharmaceutical products has rapidly expanded as a consequence of high economic growth, rising per capita income, and an increasingly large population, which has made it more attractive to potential investors.