vietnam latest news

Update news vietnam latest news

New foreign investment wave forecast to flow into Vietnam

 Vietnam is shining bright on foreign funds` radar.

Vietnam government to remove foreign ownership cap for public companies

 Vietnam seeks to ease foreign investors in pouring into its public companies, considering lifting the foreign stake holding limit at the companies from the current 49 percent to 100 percent.

Dung Quat Bio-Ethanol to resume operations in mid-October

 Dung Quat Bio-Ethanol Fuel factory invested by PetroVietnam Central Biofuels JSC (BSR-BF) will resume operations in mid-October, contributing to increasing E5 fuel supply and decreasing retail prices.

Viettel’s phone number switch completed

 Nearly 52 million subscribers of military-run telecommunications firm Viettel had their phone numbers switched from 11 digits to 10 digits, Viettel announced on Sunday.

US pork seeks way to get on Vietnamese’s plate

 A delegation of the US National Pork Board (NPB) has visited Vietnam recently to seek ways to increase pork export to Vietnam, a large market which consumed around 1.8 million tonnes of pork in 2017, or 57 percent of the total meat market.

Vietnamese, Japanese PMs hold talks in Tokyo

 Vietnamese Prime Minister Nguyen Xuan Phuc and his Japanese counterpart Shinzo Abe had talks in Tokyo on October 8, reaching consensus on various measures.

Motorbikes dominate Vietnamese travel

 A newly-released report by Vietnamese-German University shows that motorbike would continue to be the main means of transport despite Hanoi authorities’ proposal for a controversial motorbike ban in the city centre.

FDI into real estate through the roof in Ho Chi Minh City

HCM City stays in the lead in FDI attraction into real estate with the total of $5.7 billion in the first nine months of the year for newly registered and expanded projects, an increase of 50 per cent compared to the same period last year.

Vietnam tourism targets Japanese travelers

The latest report of Vietnam National Administration for Tourism (VNAT) shows that Japan is among the top 3 countries with the highest number of travelers to Vietnam. 

Some 54.2 percent of Vietnam’s population uses the internet

 Vietnam’s commitments to increase foreign equity caps in the telecommunications sectors under the EU-Vietnam Free Trade Agreement will ease European investors to enter the country’s industry.

Vingroup acquires supermarket chain Fivimart

 The deal is in line with Vingroup`s target of having 200 VinMart supermarkets and 4,000 VinMart+ convenience stores by 2020.

Tax agency to inspect underperforming foreign firms

 The General Department of Taxation has been reviewing press information about foreign firms continuously reporting loss to have inspection plan in the upcoming time.

Heavy workload, low wage cause brain drain in HCMC government agencies

HCMC now has 11,680 civil servants and officials working for administrative agencies and 120,000 people working for public service units. Many of them have quitted because of heavy workload and low payment.

Newly-Nobel recognised cancer treatment therapy applied in Vietnam since 2017

 In Vietnam, from the end of 2017, the Ministry of Health has officially circulated drug treatments for cancer by immunotherapy.

Foreign life insurers stepping up game in Vietnam

 The consecutive launching of a slew of new products helps foreign-invested life insurers, new and old alike, to strengthen their dominance in the Vietnamese insurance market.

Directing FDI into large transport infrastructure projects

 Policies are a leverage to stimulate foreign direct investment (FDI) flows into large transport infrastructure projects, such as North-South Expressway or Long Thanh International Airport.

Alert level 3 floods expected in HCMC tomorrow

Residents of HCMC may face flood levels exceeding alert level 3 this week, according to the southern weather center. 

Ly Son geopark in central province seeks global status

 Chairman of the UNESCO Global Geoparks Council Guy Martini has expressed his hope that the central province of Quang Ngai will submit the dossiers of the Ly Son geopark to the UNESCO to seek a global status next year.

Gold medal marks Vietnam’s good start at Youth Olympic Games

 Vietnam enjoyed a good start at the 2018 Summer Youth Olympic Games in Argentina as weightlifter Ngo Son Dinh won a gold medal for the country at the men’s 56kg event on October 7, the first day of competition at the Games.

PM’s trip to Tokyo shows Vietnam’s respect for ties with Japan

 Prime Minister Nguyen Xuan Phuc’s trip to Japan for the 10th Mekong – Japan Summit and a visit of the country demonstrates the importance that Vietnam attaches to its extensive strategic partnership with the Northeast Asian nation.