TRAN MAI DONG (University of Economics Ho Chi Minh City)
PhD. BUI THI HOANG LAN (National Economics University)
Mobile money is a method of payment that was proposed by Global Financial Institutions way back in 2017. At that time the issue of promoting non-cash payment methods in Vietnam was a serious concern. However, even today, this kind of payment method is still undergoing a trial phase.
An innovative stimulus travel program called 'Vietnamese People Travel in Vietnam' is expected to boost and revive the domestic travel industry, which has suffered the most due to the outbreak of the Covid-19 pandemic.
In January 2, 2020, leaders of the Vietnam Association of Small and Medium Enterprises (VINASME) welcomed and discussed with the representative of Singapore Enterprise Development Agency (Enterprise Singapore) in Hanoi on the connection and supporting businesses of two countries to cooperate and explore markets.
The southern province of Binh Duong has emerged as a spotlight nationwide in economic and industrial development in 2019.
The Red River Delta province of Hai Duong has launched a design contest to create a symbolic work of the locality.
The Ministry of Transport has announced that they would cancel open international bidding for eight projects of the North-South expressway, in favour of domestic investors.
The Mekong Delta province of Long An now has 77 communes recognised as new-style rural areas, accounting for 46.4 percent of the total.
Of the total 25,000 vacant jobs Ho Chi Minh City needs to fill in September, 81.36 percent require skilled workers, according to Vice Director of the city's Human Sources Forecast and Labour Market Information Centre Tran Le Thanh Truc.
The construction sector has expected that 65 percent of its workforce will be trained by 2020.
The Ministry of Construction's latest draft regulations on apartment building management and use stipulates that there should be three to five co-holders of the apartment maintenance fund.
Vietnam is on the rise for Australian investors, said an article published on the Australian Financial Review ahead of Prime Minister Scott Morrison's upcoming visit to the Southeast Asian nation.
Hanoi People's Committee issued Decision No. 4263 / QD-UBND, announced the list of administrative procedures in the field of construction activities under the jurisdiction of the Department of Construction, Department of Specialized Construction Management, District People's Committee in Hanoi City.
Ceramic industry operators worldwide will display technology innovations at the ASEAN Ceramics 2019 to develop their potential and enhance competitiveness in the international market. Meanwhile the Thai ceramics industry has set a goal to grow by 10 percent in 2019.
Vietnam has emerged as a destination for large tech firms as the trade dispute between the US and China continues to intensify with no end in sight. However, whether and how much Vietnam can take advantage of the shifting FDI flow out of China remains to be seen.
The logistics market has become more vibrant in recent times with large merger and acquisition (M&A) deals between Vietnamese businesses and foreign investors who have strong financial and technological potential, especially those from Japan and the Republic of Korea.
Accommodation for low-income workers in industrial and economic zones (IZs and EZs) has become more scarce in the face of increasing demand.
With power transmission lines and sub-stations getting overloaded in some provinces, authorities and experts have urged the Government to allow renewable energy investors to install transmission systems and transfer them to the Vietnam Electricity (EVN) for operation.
The northern mountainous province of Phu Tho is pursuing the policy of developing agriculture, with one of the priorities being building trademarks for local farm specialities, some of which have long been known wide and far inside Vietnam.
Vietnamese start-ups that wish to go global must have a 'global mindset' and 'decision-making power' and be willing to 'take risks' to capitalise on the opportunities for success in the digital economy, experts have said.
The Government's foreign debts have been declining sharply and under the Government's control, Deputy Prime Minister Vuong Dinh Hue said while chairing a meeting with leaders of some ministries, sectors and the National Financial Supervisory Commission in Hanoi on August 9.
After lagging behind other provinces and cities nationwide in attracting Japanese investment, the central city of Da Nang has emerged as a popular destination for investors from the Land of the Rising Sun.
Bond issuance is becoming an ideal channel for real estate firms to raise capital as credit policies for property development are gradually being tightened, experts said.
Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh and Indian Minister of External Affairs Subrahmanyam Jaishankar co-chaired the 10th Mekong-Ganga Cooperation (MGC) Ministerial Meeting in Bangkok, Thailand, on August 1 within the framework of the 52nd ASEAN Foreign Ministers' Meeting (AMM-52).
Billionaire Pham Nhat Vuong has for the first time moved up to the top 200 of the Forbes' rich list as of July 31.
The People's Committee of Ho Chi Minh City is taking measures to restrict groundwater exploitation, which has led to increased water pollution, flooding and subsidence.
Vietnam has become a favoured destination for merger and acquisition (M&A) deals for foreign investors, particularly those from the Republic of Korea (RoK), China's Hong Kong, Singapore and Japan as the Asian multinationals see the benefits of having presence in one of the region's fastest-growing economies.
The Southeast Asian region is likely to record an economic growth rate of 4.8 percent this year and 4.9 percent in 2020, according to the Asian Development Bank (ADB).
The government has continued to push for the increased use of rubber in the construction of roads nationwide by having rubber resin mixed with para soil cement.
The Vietnam Institute for Economic and Policy Research (VEPR) has predicted Vietnam's economic growth would accelerate in the third quarter and then reach 7.17 percent the last quarter to hit the Government's target of 6.6 to 6.8 percent for the full year.
Economists have forecast that the Vietnamese economy could grow by 6.86 percent this year, higher than the 6.6 – 6.8 percent set by the National Assembly.
The east of Hanoi leads the new supply of landed property, covering 80 percent of the total new launch in the first half of 2019, property consultancy CRBE Vietnam announced in an event to review the capital city's real estate market from January to June and the future trends.
The freshly-signed EU-Vietnam Free Trade Agreement (EVFTA) will help the Vietnamese steel sector expand export markets in Europe, industry insiders said.
Ho Chi Minh City aims to have at least 80 percent of residents satisfied with administrative procedures and staff by 2020, according to Nguyen Thien Nhan, secretary of the HCM City Party's Committee.
The 10 most popular destinations for Vietnamese tourists in the 2019 summer were recently revealed by Agoda, one of the world's fastest growing online travel booking platforms, said the Vietnam National Tourism Administration.
The Government should enhance macro-economy stability to strengthen the national economy when risks are yet to appear, said members of the National Financial and Monetary Policy Advisory Council at a meeting on July 2.
The Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and the Japan Bank for International Cooperation (JBIC) exchanged a credit contract worth 200 million USD to fund renewable energy projects in Vietnam.
The Relics Preservation Institute, after examining 134-year-old Bui Chu Church in the northern province of Nam Dinh, has proposed two possible renovation plans to the Ministry of Culture, Sports and Tourism.
The Ho Chi Minh City People's Committee has announced plans to reorganise districts, communes and wards by 2021.
The Japan International Cooperation Agency (JICA) and the State Securities Commission (SSC) on June 20 jointly held a seminar to launch the 'Project for Capacity Building on Improving Fairness and Transparency of Vietnamese Equity Market'.
Marubeni Corporation of Japan said it plans to invest 12.7 billion JPY (117.7 million USD) for building an instant coffee processing plant in an industrial park in the southern province of Ba Ria - Vung Tau.
The Dung Quat Economic Zone (EZ) and Quang Ngai Industrial Parks (IPs) Authority has granted an approval in principle for Hoa Phat multipurpose port company to develop a large-scale port complex in the central province.
Authorities of the Mekong Delta city of Can Tho on June 13 held a meeting with the Vietnam Airlines Corporation to discuss the implementation of an aviation logistics hub project in the city.
Prime Minister Nguyen Xuan Phuc emphasised the need to take practical and concrete measures to control and reduce plastic waste while launching a national campaign on plastic waste prevention in Hanoi on June 9.
Thai firms are stepping up investment in renewable energy projects in Vietnam, particularly solar power, through merger and acquisition (M&A) deals.
The use of non-voting depository receipts (NVDRs) may help foreign investors buy more shares in Vietnamese companies without raising their power.
Chairman of the Hanoi People's Committee Nguyen Duc Chung has had a working session with the Innovation Norway and seven other leading groups and organisations of Norway, seeking cooperation chances with them in urban development and management.
The Ho Chi Minh City People's Council has urged Tan Binh district authorities to speed up the progress of flood-prevention projects inside Tan Son Nhat international airport to prepare for the coming rainy season.
Prime Minister Nguyen Xuan Phuc has approved an investment project for the construction of the Hoa Binh-Moc Chau expressway under the public-private partnership (PPP) model.
Vietnam holds huge potential for developing the resort market thanks to high economic growth and growing travel demand, experts said at a recent workshop in Hanoi.
The achievements in the first stage of a project to turn Ho Chi Minh City into a smart city 2020 were listed by its People's Committee at a recent conference.
Deputy Prime Minister Trinh Dinh Dung has given instruction to the construction of Sa Pa airport in the northwestern mountainous province of Lao Cai.
Ho Chi Minh City was one of five large cities in the country asked to pilot public bicycle sharing in its inner areas under the Prime Minister's requirement in 2014, but the pilot programme has failed to meet demand.
The Ho Chi Minh Stock Exchange (HoSE) on May 7 officially opened the first trading session for more than 1.4 billion shares of Vietnam Airlines Corporation, listed with code HVN.
As many as 173 administrative procedures of 13 ministries and sectors have been connected to the National Single Window (NSW) window since it was implemented in 2015.
Seeing the important role of the private sector to local development, Ho Chi Minh City will work to attract more private investment to carry out smart urban area projects and branch out Industry 4.0 services, said Secretary of the municipal Party Committee Nguyen Thien Nhan.
The southern province of Dong Nai has asked the Government to allocate more than 400 billion VND (17.23 million USD) to build two roads that would connect the province's National Road No. 51 up to Long Thanh International Airport, which is expected to start construction next year.
The creation of a new style rural area in Dinh Quan, one of the poorest districts in southern Dong Nai province, has helped develop infrastructure like roads and power supply, significantly improving the life of local people.
Many giant housing real-estate developers in Ho Chi Minh City are flocking to the hospitality segment by developing or distributing new projects in tourism areas.
The Ho Chi Minh City government has given approval to a local property developer to build technical infrastructure on three land lots covering 38.4 hectares for resettlement of residents in the Thu Thiem New Urban Area in District 2's Binh Khanh Ward.
The establishment of the Vietnam Book Day has contributed greatly to restoring and developing the reading culture, Deputy Prime Minister Vu Duc Dam said at a national conference on April 18 reviewing the impacts of the Book Day since it was first observed five years ago.