vietnam business news

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Vinacomin considers importing coal from the US

The Viet Nam National Coal and Mineral Industries Group (Vinacomin) and the US-based Xcoal Group said the prospects for importing US coal were positive, the Dau Tu (Investment) newspaper has reported.

 

Vietnam ranks eighth for global franchise expansion

Vietnam is the world's eighth most valuable market for global franchise expansion, according to the International Franchise Association.

 

Local retailers can seize the lion's share

Vietnamese retail companies are in pole position to seize the lion’s share of the market, especially after some foreign businesses have left the country.

 

Phu Quy adds value to Vietnamese jewelry

Leading jewelry company Phu Quy has won the hearts of customers for its sophisticated and unique designs imprinted with Vietnam’s folk cultural traits.

BUSINESS NEWS 18/8

Peer-to-peer lending: Next fintech wave in Vietnam

Vietnam Airlines receives first Boeing 787-10 Dreamliner

Vietnam Airlines (VNA) took delivery on August 15 of its first Boeing 787-10 Dreamliner, the industry’s most efficient twin-aisle aircraft.

 

Vietnam working to strengthen virtual money management

The Government is working on a policy to tighten the management of virtual currency and assets, heard a workshop in Hanoi on August 16.

 

Rising land rents make manufacturers’ life miserable

Constant rises in land rents at industrial parks (IPs) lessen the chance for Vietnamese enterprises to build new factories or relocate their production facilities

 

BUSINESS NEWS 17/8

Pork prices continue to rise on African swine fever, increasing demand

Vinpearl Air to fly next year

Major local conglomerate Vingroup’s own air carrier, called Vinpearl Air, is expediting procedures for its inaugural flight in July 2020.

 

Urbanisation data takes centre stage in Vietnam

It is a particularly exciting time for demographers in Vietnam as the country’s preliminary census data has now been made available.

VN agriculture capitalising from private investment

Private sector investment has recently surged in the field of agriculture, contributing to building sustainability in the sector across Vietnam.

No licenses for airlines without training plans: CAAV

The Civil Aviation Authority of Vietnam (CAAV) is encouraging the establishment of new carriers, but it will not grant operating licenses to carriers that fail to present plans for training human resources, particularly pilots.

 

Private funding sought for Long Thanh airport project

Private investors should be encouraged to take part in the building of airports across the country, particularly Long Thanh international airport, said National Assembly Chairwoman Nguyen Thi Kim Ngan.

 

Fake addresses allegedly associated with origin fraud case

30 firms associated with local electronics producer Asanzo Vietnam, who stands accused of selling Chinese products bearing made-in-Vietnam labels, were found to have listed fake addresses for their registered headquarters.

 

More steps to be taken to downsize foreign currency loans

Commercial banks will no longer allow the provision of mid- and long-term foreign currency loans for offshore payments of imported goods and services from September 30 this year.

Google-backed digital program set to benefit 500,000 participants

The "Vietnam Digital 4.0" program initiated by Google is to provide digital skills training courses for 500,000 workers at small and medium - sized enterprises in Vietnam.

 

BUSINESS NEWS 16/8

Second Fintech Challenge Vietnam launched

Hung Yen province enters longan harvest season

A total of 4,300 hectares in the northern province of Hung Yen is allocated to growing longans, of which 3,000 hectares are now being harvested. 

Vietnam emerges as a global pharmaceutical hub

According to experts, the boost in attractiveness of the Vietnamese market comes at a time when the business environment for drugmakers in neighboring countries has not been favorable.