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Vietnamese startups struggle to seek capital

VietNamNet Bridge - Consultants say that even startups with high capability and good business ideas are finding it difficult to call for investment.

Events in Hanoi & HCMC on August 20-26

A selection of noteworthy artistic and cultural events that will take place in Hanoi and Ho Chi Minh City.

Hoi An to host Thanh Ha Pottery Festival

 Festival from August 19 to 21 honors pottery craft from ancient town's famed Thanh Ha village.

Asian Games 2018 officially kicks off in Jakarta

The Asian Games (ASIAD) 2018 was declared open by Indonesian President Joko Widodo late on August 18 during a colourful opening ceremony in Jakarta. 

Major losses at state-owned firms urge withdraw of state capital

 Vietnam National Chemical Group (Vinachem) Chairman Nguyen Phu Cuong confirmed last week that the firm was making big losses in a meeting with the State Audit of Vietnam.

Direct air route to Los Angeles considered

 Discussions have continued on the feasibility of direct flights between the US and Vietnam.

Unclear labelling of goods upsets buyers

 A number of convenience stores advertising their brands as “made in Korea” or “made in Japan” have been fined for ambiguous information on the origin of their goods, making many Vietnamese consumers feel confused and nervous.

HCM City condo market begins to recover

 Condominiums remain the best bet for people living in big cities thanks to their affordable prices, and not surprisingly the HCM City apartment market is showing signs of recovering.

Plan for new era fosters M&A market

 As the mergers and acquisitions market in Vietnam enters a new era, various changes are underway to foster growth in the right direction for Vietnam’s economy and businesses.

Veteran gets around with custom strike

 War veteran Nghiem Quy Dan rides around the city on his tricycle, designed and assembled in a garage many years ago. The engineer who first thought of the system for the two back wheels used to work for Honda in Hanoi and has passed away.

Artist’s busts capture subjects’ souls

 Bao Ha Village in Dong Minh Commune, Vinh Bao District in Hai Ph0ng City, has been famous for the local craft of carving wooden statues for over 500 years. Local craftspeople have recently started also carving busts of people from portraits.

Olympic talent shares his passion for physics

 Nguyen Ngoc Long from the central province of Thanh Hoa is one of the two Vietnamese gold medalists at the 49th International Physics Olympiad (IPhO) held in Lisbon, Portugal in late July. 

North and central regions grapple with devastating floods

 Severe flooding triggered by tropical storm Bebinca has caused extensive loses to life and property in many localities throughout the northern and central regions.

Banks going the fintech M&A route

 Vietnamese fintech companies can expect a raft of foreign financial institutions seeking a relationship with them, as the latter have found this route a promising one to access the underbanked population of the country.

Golden land space waits for potential investors

 A golden land plot along the main road leading from Ho Chi Minh City to Tan Son Nhat International Airport is waiting to be tapped, as the holder is seeking investors for project development.  

Revised decree vital for aviation M&A

 The Vietnamese government is considering revising Decree 92 to boost investment and increase development in aviation. 

Bank tickers anticipated upbeat momentum ahead

 Despite some corrections in the first half, bank tickers are expected to lead the market in the second half, buoyed by dwindling provisioning and upbeat profit prospect.

Investors still cannot make profits from hi-tech agriculture production

VietNamNet Bridge - Hi-tech agricultural production requires huge capital and long-term investments, while the risks are high and the policies are not encouraging.

Ancestors get life-size paper cars and motorbikes on July festival

 A number of votive paper offerings are being prepared to be burnt for deceased relatives on Vu Lan and the Amnesty of Unquiet Spirits Festival on the 15th of the lunar July.

Hanoi Food Rescue: Youth club act to support the disadvantaged

 Utilising food surpluses from restaurants, hotels and households and transporting them to people in need has been the regular work by the members of the Hanoi Food Rescue (HFR) over the past five years.