vietnam business news

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Rising star of e-sports world

With the number of players forecast to reach 26 million in 2019, electronic sports (e-sports) are a rising star of the Vietnamese and global entertainment industry.

Profits shrink for hydropower sector but rise for thermal plants

Hydropower plants have seen poor business performance in the first quarter of 2019, which could give coal-powered and gas-powered thermo-electric plants more opportunities to produce electricity.

 

Vietnam forecast to face net imports of crude oil

Vietnam’s self-sufficiency for crude oil could come to an end due to exploitation that could turn the country into a net importer of crude oil for the first time, experts warned.

 

Islanders rush to sell houses as Ly Son real estate market blooms

Many people in Ly Son Island are trying to sell land and houses as real estate prices soar, affecting the island’s land management plan.

 

VinMart 4.0 becomes first virtual store in Vietnam

The VinMart 4.0 virtual store, run by VinCommerce under the VinGroup company, has been launched as the first of its kind in Vietnam.

 

Vietnam to manage coffee quality through new database

A database of coffee areas would be used as a digital tool to assist partners in managing coffee plantations and quality in Vietnam, participants heard at a workshop held yesterday.

 

Vietnam among top 3 ASEAN destinations for private equity investment

Vietnam is among top three ASEAN countries attracting Private Equity (PE) investment in term of deal value, according to a report just released by the auditing and business consulting firm Grant Thornton.

 

HCM City among top 50 cities in the world for coworking growth

A recent report ranks Ho Chi Minh City 41st among world’s 50 fastest growing coworking markets in the world.

 

BUSINESS NEWS 24/5

Vietnam to hold Cashless Day

 

E-commerce: profitable platform for Vietnamese exports

Vietnamese businesses should take advantage of e-commerce to export to global markets, experts said at a conference on e-commerce and international exports via Alibaba.com held in HCM City yesterday.

 

VN Government advances $97 million to repay paper mill debts

The government has so far advanced USD97 million to pay debts for the Phuong Nam Pulp Mill which is one among 12 loss-making projects of the Ministry of Indsutry and Trade.

 

VN to become Asia’s next high-performing economy

Vietnam should take advantage of the next wave of digital technologies such as blockchain, AI, IoT and cloud-based services to become Asia’s next high-performing economy and improve the living standards of its residents, experts said.

PM attends Vietnam - Russia Business Forum

Prime Minister Nguyen Xuan Phuc attended and delivered a speech at the Vietnam-Russia Business Forum in Moscow on May 22 as part of his official visit to Russia.

 

Vietnam's top leaders signal path for private sector to thrive

Vietnam’s top leaders have asserted the strategic role of the domestic private sector in some statements as many privately-run conglomerates have shown their superiority to state-owned ones.

Insurance market keeps thriving in first months of 2019

Vietnam’s insurance industry maintained positive growth in the first four months of 2019, with total premiums surging by 17 percent year-on-year to $1.9 billion, the Ministry of Finance reported.

 

Petrolimex plans convenience stores at gas stations

The Vietnam National Petroleum Group (Petrolimex) is planning to open convenience stores at its gas stations across the country.

 

Vietnam ministry to finalize investment law on basis of PPP

The Ministry of Planning and Investment (MPI) is under the process of drafting up the investment law on the basis of public-private partnership (PPP), the governmental portal reported.

 

Macau’s Suncity to open US$4-billion casino in Vietnam by year-end

Macau’s biggest junket operator Suncity Group will open its own US$4-billion casino-integrated resort in Vietnam by year’s end, Bloomberg reported.

Vietnam tops the world in growth of mobile payment users

The number of Vietnamese people making mobile payments in stores is growing fastest, according to a survey by PcW.

 

Spectrum of opinion on credit moves

A recent draft circular on safety limits for banking operations, which applies a credit risk ratio three times higher than the current ratio, has created controversy among real estate consultants, developers, and buyers.