Vietnam’s FDI inflow rises 3 pct to $4.8 bln in first four months

  • Prime Minister holds sidelile bilateral meetings

Prime Minister Nguyen Xuan Phuc held bilateral meetings with his Thai counterpart Prayuth Chan-ocha and Brunei Sultan Haji Hassanal Bolkiah on the sidelide of the 30th ASEAN Summit. Prime Minister Nguyen Xuan Phuc and his Thai counterpart Prayuth Chan-ocha reached the agreement during a bilateral meeting in Manila on April 29th on the sidelines of the 30th ASEAN Summit. At the meeting, the two PMs said they are pleased that the Vietnam-Thailand strategic partnership has progressed well and agreed to resolve their outstanding problems in the upcoming joint cabinet meeting. In addition, the two sides agreed to work towards a…... [read more]

  • Vietnamese fintechs and the $35 billion dream

VietNamNet Bridge - Vietnam is an attractive fintech market with estimated value of $35 billion. However, it has lagged behind in the last 10 years. Harbour View, where VietUnion, the firm which owns Payoo wallet brand, has its office, is located in an advantageous position, on the pedestrian street of Nguyen Hue in HCMC, opposite the Bitexco building, the tallest in Vietnam. It is not difficult to find restaurants and shops on the street which accept payment in cards. However, there are still many ATMs set up near crossroads or inside buildings. Ngan Nguyen, an office worker, 25, said she…... [read more]

  • Vietnam’s health minister proposes liquor ban for karaoke bars

Tien made the suggestion at a meeting to discuss the draft law on combating the effects of alcohol in Ho Chi Minh City on April 28. The bill also seeks to prohibit selling beer and alcoholic beverages to minors, pregnant women or already drunken customers, as well as banning public officials and workers from drinking while at work, during break time or between two working shifts. “The bill" will help to reduce the number of alcoholic beverage users, especially among the youth, public officials, and employees while they are at work,” minister Tien said. “It also helps to restrict people’s…... [read more]

  • Start-up businesses to get funding from VCIC

Viet Nam News HÀ NỘI - Start-up businesses that focus on green growth will have the opportunity to receive funding and access to comprehensive business development support services from the Việt Nam Climate Innovation Centre (VCIC). The announcement was made by Phạm Đức Nghiệm, VCIC's deputy director at the launch of a contest named "Proof of Concept", sponsored by the World Bank and Ministry of Science and Technology, held in Hà Nội on Friday. Specifically, start-ups would receive funds amounting to US$75,000 for the development, deployment or extension of a product or service, he said. In addition, sponsored businesses will…... [read more]

  • Aquatic export hits 2.1 bln USD in four months

Hanoi(VNA) – Vietnam earned an estimated 604 million USD from the export of aquatic products in April, bringing the total figure of the year’s first four months to about 2.1 billion USD, representing a year-on-year increase of 8.2 percent. According to the Ministry of Agriculture and Rural Development (MARD), Japan, the US, China and the Republic of Korea (RoK) were main importers of Vietnamese aquatic products, accounting for 52.2 percent of the total export value in the period. Meanwhile, the highest surge was seen in the Brazilian market with 75.1 percent, followed by the Netherlands with 43.4 percent; Japan, 29.5…... [read more]

  • Vingroup puts into operation hi-end golf course in Hai Phong

Hai Phong (VNA) - A high-end 36-hole golf course, invested by Vingroup was put into operation in Vu Yen island, the northern city of Hai Phong on April 29. The Vinpearl Golf Hai Phong is the first island-based golf course in the north, and the biggest among golf courses on islands in the country. It is one of the Vingroup's 15 facilities launched the same day across 11 provinces and cities, celebrating the 42nd anniversary of the National Reunification Day (April 30) and the International Labour Day (May 1). The latest facilities raised the group's capacity to nearly 11,000 rooms,…... [read more]

  • Hoa Binh businesses look for opportunities in Australia

Sydney (VNA) – A business delegation of the northern province of Hoa Binh has visited Melbourne city in Australia’s Victoria State to explore cooperation and investment opportunities. The delegation, led by Nguyen Cao Son, President of the provincial Association of Enterprises, held a meeting with Tran Ba Phuc, President of the Vietnamese Business Association in Australia (VBAA) in Melbourne, and over 20 members of the Vietnamese young entrepreneurs club in Australia. During the meeting, Son said Hoa Binh-based firms hope to set up new relations and find new business partners in Melbourne during the visit. He also introduced the province’s…... [read more]

  • 7th Hue Trade Village Festival 2017 kicks off

(VOVworld) - The 7th Hue Trade Village Festival 2017 kicked off on Friday in Hue city of central Thua Thien-Hue province, drawing 327 artisans from 40 craft villages and establishments across the country. Along with famous craft villages nationwide such as Nam Cao weaving village in Thai Binh province and My Thien pottery village in Quang Ngai province, the event also saw the participation of 34 foreign artisans from Japan, the Republic of Korea, and China. In his opening speech, Chairman of the Thua Thien-Hue People’s Committee Nguyen Van Thanh said the festival aims to honour the quintessence values of…... [read more]

  • Vietcombank set to up capital to 1.74 billion USD

Hanoi (VNA) - Vietcombank (VCB) shareholders approved the bank’s plan to issue an additional 360 million shares, equivalent to 10 percent of its capital, to expand its charter capital to almost 39.6 trillion VND (1.74 billion USD). The shares will be sold either to the public or offered to no more than 10 investors (including existing shareholders) in a private placement in late 2017 or next year. Vietcombank plans to use about 3 trillion VND of the proceeds from the issuance to expand lending and other business activities, as well as fund possible mergers and acquisitions (M&As). At the bank’s…... [read more]

  • Weekly roundup: Saigon warrior, hostage crisis, language barriers, best resorts and more

Revisit the week with top stories compiled by VnExpress International's editors. Vietnam’s 30 biggest firms reluctant to publish transparent information 'Businesses fear that disclosing financial statements could reveal their business secrets.' Buckle up or shut up: Vietnam's road safety conundrum Whose job is it to keep the country’s new drivers safe? Facebook agrees to help Vietnamese gov’t manage online environment The social media giant has offered to block ‘bad’ and ‘toxic’ content. Nature gets steamrollered by Vietnam’s endless pursuit of tourist money... [read more]