vietnam business news

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Vietnam’s digital economy likely to hit $30 billion in 2025

Vietnam's digital economy was valued at 9 billion in 2018 and is expected to reach 30 billion by 2025, according to Open Gov Asia.

 

BUSINESS NEWS SEPTEMBER 26

ADB forecasts Vietnam’s economy to grow at 6.8 per cent in 2019

 

New feed-in tariff rate expected to promote investment in solar energy

Many businesses and investors are waiting for the Government’s decision on the feed-in tariff (FiT) rate for solar power projects nationwide to set up long-term investments in solar power projects in Vietnam.

 

Rooftop solar’s growing popularity in HCM City

Le Dinh Vu, owner of a home decor store in HCM City’s Thu Duc District, spent nearly VND50 million (US$2,155) to install solar panels on the roof of his newly built house.

 

Two Vietnamese CEOs named among top 25 Asian Power Businesswomen

The CEO of budget airlines Vietjet Air and dairy firm Nutifood have been selected in the top 25 Asian Power Businesswomen list.

 

HoSE, HNX to operate under new Vietnam Stock Exchange

Streamlining stock and securities activities in the country, the new State-owned Vietnam Stock Exchange (VSE) will take charge of regulating and supervising the Hochiminh Stock Exchange (HoSE) and the Hanoi Stock Exchange (HNX).

Indonesia, Japan sign deal on $4 billion railway project

Indonesia and Japan on September 24 signed an outline deal for a medium-speed train project linking the Southeast Asian country’s capital of Jakarta and its second-largest city, Surabaya.

 

South Korean business pours $700 million into POS system of Vietnam

Around 600,000 point of sales (POS) devices will be deployed in Vietnam by South Korean financial firm Alliex.

 

Vietnam's solar energy sector a magnet for foreign companies, funds

This month saw the inauguration of the largest solar power plant in Southeast Asia, Dau Tieng in Tay Ninh Province, by Dau Tieng Energy JSC and Thailand’s B.Grimm Power Public Company limited.

 

First contractors of North-South expressway project announced

Vietnamese firms have been the first contractors selected for the eastern North-South expressway project.

 

BUSINESS NEWS SEPTEMBER 25

Vietnam’s top 50 brands in 2019 announced

Change overdue in port infrastructure

Vietnam needs to address the shortcomings in its port infrastructure to fully benefit from its economic development.

No prime time at Noi Bai airport left for Vinpearl Air’s flights

Vingroup’s Vinpearl Air selected Noi Bai International Airport in Hanoi as its base, however, no prime flight slots are available for the carrier’s flights.

VN banks boost sales of mortgaged assets to resolve bad debts

Many banks are auctioning mortgaged assets, mainly real estate, worth trillions of Vietnamese dong to speed up the resolution of non-performing loans.

 

BUSINESS NEWS SEPTEMBER 24

Shrimp export falls 8.1 percent in eight months

Budget hotels moving up

Global startups are using their technology and experience to transform Vietnam's budget hotel market.

VN banks now keen on green credit

Green credit is now a trend in the global banking and finance industry and more Vietnamese banks are following suit.

Foreign investors keen on VN edtech start-ups

Education start-up Gotit, which has operations in Vietnam, recently mobilised US$12.5 million from some US funds.

 

Tech to take insurance to the next level

Technology is set to change the face of the insurance industry, analysts said.

Anonymous foreign investor buys entire batch of Phu My Hung bonds

Phu My Hung Development Corporation has mobilised VND800 billion ($34.78 million) for real estate projects from a "secret" foreign investor through bond sales.