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Vietnam has over 5,400 craft villages

Vietnam is home to 5,407 operating craft villages nationwide, according to the Vietnam Craft Village Association. 

Vietnam LED market should focus on low-end segment: scientists

VietNamNet Bridge - The domestic LED (light-emitting diodes) market has been developing rapidly but chaotically in recent years.

Uber sells stake to Grab after launching ‘e-hailing culture’ in Vietnam

VietNamNet Bridge - Competing with traditional taxis and avoiding tax, Uber gained ill fame during its operation in Vietnam. However, it helped energized the taxi market and create an ‘e-hailing’ culture.

Balancing conservation, economic development in Hoi An

VietNamNet Bridge - Rapid tourism development has put pressure on local infrastructure and environment in the UNESCO-protected town of Hoi An.

Students’ award-winning ideas, creativity lauded by scientists

Scientists have been surprised by students’ creativity and practical ideas, including a non-Braille book reader for the visually impaired and a smart garbage can. 

Apple VN announces discount on expired battery replacement

 Apple Viet Nam LLC has launched a discounted replacement programme for iPhone’s expired battery from now until December 31 this year, reported the Viet Nam Competition Authority.

Investors, retailers squeeze into prepared food market

VinaCapital has invested $32.5 million in Ba Huan, a poultry egg producer, while Kido plans to join forces with a Thai partner to make bottled milk tea and herbal drinks. 

Vietnam attends 18th NAM Ministerial Meeting in Azerbaijan

 Vietnam’s Deputy Foreign Minister Dang Dinh Quy has stressed the need for the Non-Aligned Movement (NAM) to take the lead in promoting peace and security based on the UN Charter and international law – a prerequisite to sustainable development.

Vietnamese Ambassador visits US Naval Postgraduate School

 Vietnamese Ambassador to the US Pham Quang Vinh visited the US Naval Postgraduate School (NPS) in Monterey, California, in early April at the invitation of the US Navy.

Retailers flock to Vietnam as consumer spending soars

VietNamNet Bridge - In 2014, Vietnamese were the most economical consumers in South East Asia in a Nielsen survey. However, their spending habits have changed.  

Investment policy in agriculture needs to change

Dinh Trong Thang, director of the Department of Investment, under the Central Institute of Economic Management  talks about what the country should do to attract enterprises to invest in agriculture.

Private equity finds its way into local banking

The local banking sector is regaining its place in the sun this year, as more banks are due to get listed on the stock exchanges, while others are undertaking capital raising rounds where more shares are on offer to potential investors. 

Banks buying back bad debts from VAMC

 Treading in Vietcombank’s footsteps, banks are stepping up efforts to buy back bad debts from state-owned Vietnam Asset Management Company to cushion the bad debt threat.

Banks swimming in profit despite sluggish first quarter

 Over the first quarter of 2018, scores of Vietnam-based commercial banks reported million dollar profits despite an overall sluggish market.

Will cash continue to flow into banks?

Stable inflation rates have helped attract depositors. However, the recent incidents of depositors losing money at some banks, plus the rise of many attractive investment channels, will divert cash flow from banks.

Private sector enters to deal with airport overload

 The overload at the country’s airports is expected to be reduced as a wave of large investors are seeking investment opportunities in the aviation infrastructure segment.

Greater demand for retail real estate

 Retail real estate has boomed in recent years but clouds loom on the horizon.

HSBC: Firms favour ‘home’ as protectionism bites

 Although rising protectionism is a concern to businesses worldwide, they are optimistic about international business prospects, a new report from HSBC called ‘Navigator: Now, next and how for business’ shows.

Trial of Vietnamese suspect in DPRK citizen’s death continues

 The Shah Alam High Court of Selangor State of Malaysia continued on April 2, 3 and 5 the trial of Doan Thi Huong, one of the two suspects in the death of a Democratic People’s Republic of Korea (DPRK) citizen in early 2017.

Online retail taking off

Vietnam is attracting more major online retailers given the growth seen in its e-commerce sector.