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Real estate dynamics in year ahead

 2017 ended with mixed insights on market dynamics in the following years. Developers, buyers, and lessors are chasing after investment opportunities before the market shifts.

Vietnam expects stronger foreign investment flow in CPTPP period

 Economists are optimistic about foreign investment in Vietnam, both foreign direct investment (FDI) and foreign portfolio investment (FPI), in 2018 and upcoming years.   

ROK President touts special ties with Vietnam ahead of state visit

 President Moon Jae-in of the Republic of Korea has praised Vietnam as a key partner and invaluable friend in an interview with Nhan Dan Newspaper ahead of his state visit to Vietnam from March 22-24. Below is the full text of the interview.

Former CEO of Fossil Vietnam takes charge in Facebook

 Le Diep Kieu Trang (38) will manage the development of the biggest social network in Vietnam, Facebook.

VEAM to list 1.33 billion shares on HSX

Vietnam Engine and Agricultural Machinery Corporation (VEAM) will list 1.328 billion shares on the Ho Chi Minh City Stock Exchange (HSX).   

South Korean giants flock to Vietnam’s finance & banking market

Two out of eight wholly foreign-owned banks in Vietnam are from South Korea. Besides banks, many other South Korean corporations have contributed capital to, or cooperated with, Vietnamese banks.

Nearly $10bn investment for three high-tech parks

 Three national hi-tech parks in Hoa Lac, HCM City and Da Nang have attracted 218 investment projects with a registered capital of nearly US$10 billion, creating jobs for about 50,000 workers.

Central bank enhances supervision

 The State Bank of Viet Nam (SBV) can take early intervention measures against weak credit institutions in the supervision process from July this year, according to a new SBV regulation.

VN moves closer to full global integration

VN is integrating increasingly with the global economy, having signed the CPTPP this month and discussing four other free trade agreements, the annual Economic Scenarios Conference heard in HCM City on Monday.

Start-ups to be given 30% of investment from State budget

 Start-ups will be given support from the State budget in localities with no more than 30 per cent of total investment mobilised from investment funds.

Government approves rights to purchase Vietnam Airlines’ shares

 The Ministry of Transport (MoT) will transfer its rights to purchase shares additionally issued by the Vietnam Airlines Corporation through auction at the Ha Noi Stock Exchange.

Heath ministry urges investigation into false rumour of natural birth death

 The Ministry of Health has called for an urgent investigation into an apparently false rumour about the death of a mother and her child in HCM City while having a natural birth at home.

Elephant-carrying truck shocks drivers

 A truck carrying an elephant without proper safety measures surprised drivers on a highway in Ha Tinh Province.

Foreign investors eager to acquire Habeco

Along with Carlsberg, the Danish Brewer holding 17.3 per cent stake in Habeco, numerous foreign investors are looking to acquire a stake in Vietnam’s third-largest brewer in order to increase their market shares.

The curious case of mini marts and convenience stores in Indonesia and Vietnam

 Convenience store chains are on their way to conquer fast-growing ASEAN markets, but they get little love in Indonesia, the region’s largest market.

Health Ministry says ‘no’ to opening drug distribution market to foreigners

Decree 54 and the draft circular that guides its implementation compiled by the Ministry of Health have both raised controversy: foreign investors say the regulations break Vietnam’s WTO commitments.

U15 PVF beat Police Tero: ASEAN dream football

 Viet Nam’s U15 PVF easily defeated Thailand’s Police Tero 5-1 in the opening match of the U15 ASEAN Dream Football Tournament, held at the SCG Muangthong United Practice Field.

Late PM Phan Van Khai remembered abroad

 The Vietnamese embassies in many countries held ceremonies on March 20 to pay respect to former Politburo member and former Prime Minister Phan Van Khai, who passed away on March 17 at the age of 85.

Late PM leaves imprint on Ho Chi Minh City

Former PM Phan Van Khai passed away on March 17 but he lives in the heart of the people, especially those in HCMC, as a child of Cu Chi who made great contributions to the development of the city and the country.

Vietnam-Italy economic and cultural relations

 Vietnam-Italy economic and cultural relations