vietnam business news

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Drawing up legal framework for office-tels in Vietnam remains difficult

The Ministry of Construction has written to the prime minister stating that it has encountered a host of difficulties in researching and drafting a circular on regulations for developing and managing the office-tel segment.

 

Ten Ren bubble tea stores close over saturated market

The saturation of the Vietnamese bubble tea market may be the reason behind the recent closure of dozens of Ten Ren bubble tea stores.

 

Foreign interest in Vietnam’s LNG sector remains high

Foreign investors are diving into developing liquefied natural gas (LNG) and gas-fired power projects in Vietnam, in part due to country’s growing demand for electricity.

 

Vietnam could face power shortage

Vietnam could face an electricity shortage of 6.6 billion kWh in 2021 and 11.8 billion kWh in 2022. The shortage could increase to 15 billion kWh in 2023.

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Viet Nam seeks foreign investment in ports

VN steel industry forecast to maintain stable growth

Vietnam’s steel production and consumption in the first half of 2019 recorded respective increases of 7.7 percent and 9.8 percent year-on-year, according to the Vietnam Steel Association (VSA).

 

Korean, Japanese firms eye Vietnam’s real estate market

The real estate sector has announced a number of joint venture projects with the Republic of Korea (RoK) and Japan in the past three years.

 

Lotte opens duty-free store at Noi Bai int’l airport

The Republic of Korea (RoK)’s Lotte Duty Free company opened a duty-free store at Noi Bai international airport in Hanoi on July 28, one year after the launch of the second of its kind in Nha Trang.

 

Hyundai’s logistics arm opens first Southeast Asian office in Vietnam

Hyundai Glovis, a logistics subsidiary of Hyundai Kia Automotive Group from the Republic of Korea, is expanding its overseas presence by opening its first Southeast Asian office in Vietnam.

 

 

Livestock industry restructure imperative, cooperation needed: official

Close cooperation between companies, co-operatives, farms, and households is needed to restructure the livestock industry, the Ministry of Agriculture and Rural Development has said.

 

Vietnamese shipping fleet ranked 30th in the world

Vietnam’s shipping fleet with more than 1,500vessels and a total capacity of 7.8 million DWT is ranked fourth in ASEAN and 30th in the world.

Policies promoting new technologies urgently needed in ASEAN region

Vo Tan Thanh, vice chairman of the Viet Nam Chamber of Commerce and Industry (VCCI) in HCM City, speaks at the 2019 ASEAN-China Smart Industry Conference held on Thursday in HCM City.

Proptech expands in Vietnam: JLL

Despite inherent barriers arising from a traditional mindset and the high requirement for trust in the real estate industry, the prospects for proptech in Vietnam are still positive.

 

Taiwan’s apparel groups set up shop

Vietnam has become an appealing investment destination for textile, garment and leather manufacturers, in particular from Taiwan.

 

Taiwan investment in new perspective

With recent movements in Taiwanese investment, Vietnam is seeking to attract more high-quality capital flows for the economy in alignment with the country’s new foreign direct investment attraction strategy.

Vietnam’s infrastructure sector has upbeat outlook in attracting foreign capital

Vietnam is in dire need of capital to develop the country’s infrastructure and the Government expects private investors, especially foreign ones, to take part as the State budget cannot afford the investment costs.

Industrial property gains from EVFTA

Industrial property in Vietnam is stepping into the spotlight with the signing of the EU-Vietnam Free Trade Agreement.

 

VN banks sell off collateral on bad loans to recoup losses

A number of commercial banks in Vietnam have successfully recovered trillions of Vietnamese dong in bad debt by selling off collateral in the first half of 2019, according to the Nguoi Lao Dong Online website.

 

Firms need to know their rights

Le Ngoc Lam, deputy director general of the Intellectual Property Rights Office, under the Ministry of Science and Technology, spoke to VNA on the changes in the revised Law on Insurance Business and the Law on Intellectual Property Rights.