Private investors are being encouraged by upcoming policies in development of public-private partnership projects in the healthcare sector.

HCM City keen to step up cooperation with Singapore

As Vietnam’s cities and provinces are ramping up efforts with new action plans to realise the smart city dream, international tech giants are moving faster with new ambitious business plans. 

On April 12, the Ministry of Industry and Trade released the third updated draft of the decision of the prime minister on the mechanism for encouraging the development of solar power projects in Vietnam.

Vietnam and the US are expected to work on a blueprint to deepen trade and investment ties to prepare the next stage of bilateral ties.

With Vietnam’s new directions on drug registration and materials arriving imminently, private businesses are expected to take the next steps for tenders to venture into the lucrative public hospital system.

SK Group, the third largest business group in the Republic of Korea, said on May 16 that it would invest $1 billion in Vingroup as part of its efforts to expand presence in the Southeast Asian market.

French supermarket group Auchan Retail’s plans to sell its loss-making business in Vietnam are already drawing interest from potential buyers, Reuters reported.

Amid stock and bond markets failing to meet expectations, the heavy reliance of enterprises on bank credit is putting them at risk, experts have warned.

After appreciating the US dollar against the Vietnamese đồng on the first days of this week, the State Bank of Viet Nam on Thursday unexpectedly adjusted the greenback down .

Vietnam is the biggest beneficiary in the shift of the investment flow from China amidst the Sino-American trade war, according to Maybank Kim Eng senior economist Chua Hak Bin.

Shareholders were unaware of the power they held when dealing with a lack of transparency in listed companies, according to Nguyen The Tho, director of the Securities Market Surveillance Department under the State Securities Commission.

The Fourth Industrial Revolution could increase Viet Nam’s GDP by between US$28.5 billion and $62 billion by 2030, equivalent to a rise of 7-16 per cent, according to the Central Institute for Economic Management (CIEM).

Vietnamese and international financial institutions alike are ramping up their presence by establishing or acquiring consumer credit companies amid Vietnam’s burgeoning personal finance market.

Vietnam’s real estate market became the second most attractive investment field for foreign investors after it lured US$1.1 billion in FDI during January-April, or 7.5 percent of the total FDI inflow.

Some 3,400 business conditions have been removed and nearly 6,800 product lines have been exempted from specialized inspections, saving more than 18 million days of public work, or over VND6.3 trillion (US$269.9 million).

Local investors are pushing for their solar farms to begin operation within weeks, as the number of applications for solar projects has skyrocketed thanks in part to recent government incentives on renewable energy.

“Applying luxury tax on smartphones is contrary to Industry 4.0,” Pham Hai Van, northern director of local technology firm Haravan JSC, told VIR when talking about HCMC’ proposal to impose such a tax on devices that they think are essential.

Businesses to work with universities on high-tech development of key industrial products

The National Steering Committee for Combating Smuggling, Commercial Fraud and Counterfeit Goods has asked the handling of violations related to “made-in-Viet Nam” origin fraud to be enhanced.