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Business climate sunny thanks to decisive steps

 In order to make it more favourable for investors to do business in Vietnam, the government has been making great efforts to improve the country’s business and investment climate.

Policy must not leave out locals

 A new policy on the attraction of foreign direct investment (FDI) must also include an approach for fostering Vietnamese businesses, says Nguyen Thi Tue Anh, deputy director of the Central Institute of Economic Management.

Vietnam attracts US$334 billion in FDI in 30 years

 Vietnam has attracted some 26,600 foreign direct investment (FDI) projects with total registered capital of US$334 billion over the past 30 years. Of the total pledged capital, US$184 billion has been disbursed.

HCMC rejects Vingroup's proposed funding for street upgrade

 The HCMC government will not use the capital advanced by Vingroup to execute a project to upgrade the flood-prone Nguyen Huu Canh Street connecting District 1 and Binh Thanh.

Programme providing pro football lessons for students launched

 Nguyen Hoang Group and CV9 community football academy, founded by former captain of Vietnam’s national football team Le Cong Vinh, have launched a cooperation programme to provide professional football training courses for students.

Military team triumph at national table tennis champs

 Military team players shone at the National Table Tennis Championship, which concluded in the Central Highland province of Dak Lak on October 2.

Cyclists to pedal through three countries in NKKN cycling event

 Cyclists will pedal through Vietnam, Laos and Cambodia in the upcoming Nam Ky Khoi Nghia (NKKN) cycling tournament, VOH Cup, the event’s organising board has announced.

US-China trade war spreads to Vietnam

VietNamNet Bridge - Vietnam has opportunities to boost exports and attract investment, but will face big challenges because of the escalating US-China trade war.


SK Group buys 9.5% stake in Masan Corporation

 Masan Group Corporation has announced the completion of SK Group’s purchase of 109.89 million of its treasury shares at VND100,000 (US$4.28) per share for a total consideration of $470 million.

Fires leave 73 dead in VN in first 9 months

 Around 3,000 fires were reported across Vietnam in the first nine months of this year, killing 73 people, according to the Fire Prevention, Fighting and Rescue Police Department.

VN Central Bank net withdraws over $581m amid improved liquidity

 Liquidity in the banking system has improved in the past week, pushing the State Bank of Viet Nam to make a net withdrawal of over VND13.6 trillion (US$581.2 million).

European companies more positive about the business environment in VN

 New data from the Business Climate Index (BCI) of the European Chamber of Commerce in Viet Nam (EuroCham) shows European companies are more optimistic about doing business in Viet Nam.

FDI policy shift aims to support domestic firms

 Viet Nam will institute new policies designed to attract foreign direct investment (FDI) by boosting the development of local companies and setting up value chains driven by advanced technologies.

VN small firms make technology top priority: Singaporean study

 Small- and medium-sized enterprises (SMEs) in Viet Nam have made technology their top investment priority to ensure growth, according to the ASEAN SME Transformation Study.

Property sector calls for adjustments to bank loan regulations

 The new restriction on banks of using only 40 percent of their short-term deposits for long and medium-term loans should not take effect next year, the Ho Chi Minh City Real Estate Association (HoREA) has said.

Over 8,000 runners to take part in HCM City Marathon 2019

 More than 8,000 runners will compete in the sixth Ho Chi Minh City Marathon, which is scheduled to kick off on January 12, 2019.

Hanoi promotes IT in residence management

 Hanoi is working on gradually digitising the household registration books of over 7.6 million residents, a move to simplify administrative procedures related to residence management.

Aquatic product exports likely to rake in $9 billion this year

 Vietnam’s aquatic products are forecast to bring home 9 billion USD from exports in 2018, up 7 percent from the previous year, said the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam to have home-field advantage at 2020 AFC Champ qualifier

 Vietnamese football-lovers will have a chance to directly cheer the national U23 team at the 2020 Asian Football Confederation (AFC) U23 Championship qualifier as the country was recently trusted to host marches of the group that the team will be in.

Shrimp by-products called ‘gold mine’ for processing industry

 An international conference was held in the Mekong Delta city of Can Tho on October 3 to discuss ways to improve the value of shrimp by-products in Vietnam.