Vietnam on rise for Australian investors: Australian Financial Review

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: Adjusting time to resolve administrative procedure in construction

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.

Thailand hosts ASEAN Ceramic Exhibition 2019

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.

High-tech FDI shouldn't be taken for granted

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.

Logistics market sees wave of investment from Japan, RoK

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.

Migrant workers in IZs face difficulties in finding accommodation

Accommodation for low-income workers in industrial and economic zones (IZs and EZs) has become more scarce in the face of increasing demand.

Experts call for allowing private capital in power grid construction

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.

Phu Tho builds trademarks for local farm specialities

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.

VN start-ups eyeing the world must have global mindset: forum

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.

Foreign debts under Government's control: Deputy PM

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.

Da Nang emerges as favourite destination for Japanese investors

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.

Real estate firms switch to bonds due to less bank loans

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 FM co-chairs 10th MGC Ministerial Meeting

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).

Vietnamese billionaire among world's 200 richest people

Billionaire Pham Nhat Vuong has for the first time moved up to the top 200 of the Forbes' rich list as of July 31.

HCM City cracks down on groundwater exploitation

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 - a magnet for M&A deals

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.

ADB upgrades growth forecasts for Southeast Asia

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).

Thail gov't continues to promote use of rubber resin in road construction

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.

Vietnam's economic growth likely to reach set target in 2019: VEPR

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: Vietnamese economy could grow by 6.86 pct in 2019

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.

Hanoi: 80 percent of new landed property supply located in the east

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.

EVFTA opens new markets for steel industry

The freshly-signed EU-Vietnam Free Trade Agreement (EVFTA) will help the Vietnamese steel sector expand export markets in Europe, industry insiders said.

HCM City targets 80-pct resident satisfaction with procedures

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.

Da Nang tops Vietnamese tourists' popular destinations in 2019 summer

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.

Government needs to boost macro-economic stability

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.

JBIC provides 200 mln USD credit for Vietnam's energy projects

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.

Renovation plans proposed for old church

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.

HCM City reorganises, merging 18 wards with larger administrative units

The Ho Chi Minh City People's Committee has announced plans to reorganise districts, communes and wards by 2021.

Japanese-assisted project to improve equity market's transparency

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'.

Japanese firm to build coffee processing plant in Vietnam

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.

Construction of 162.3 million USD port complex gets green light

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.

Solutions sought for construction of aviation logistics hub in Can Tho

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.

PM calls for drastic measures to control and reduce plastic waste

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 investors beam capital into solar power projects in Vietnam

Thai firms are stepping up investment in renewable energy projects in Vietnam, particularly solar power, through merger and acquisition (M&A) deals.

Non-voting shares could lure more foreign capital to Vietnamese firms

The use of non-voting depository receipts (NVDRs) may help foreign investors buy more shares in Vietnamese companies without raising their power.

Hanoi seeks cooperation chances with Norway in urban development

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.

Tan Son Nhat airport at risk of flooding during rainy season

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.

PM gives green light to construction of Hoa Binh-Moc Chau expressway

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 in resort market

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.

HCM City makes progress on the road to becoming smart city

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 PM instructs construction of Sa Pa airport

Deputy Prime Minister Trinh Dinh Dung has given instruction to the construction of Sa Pa airport in the northwestern mountainous province of Lao Cai.

Public bicycle sharing system fails to meet demand

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.

Vietnam Airlines officially lists shares on HoSE

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.

173 administrative procedures handled through national single window

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.

Private sector has big role in HCM City's economic development

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.

Dong Nai seeks funds for roads to Long Thanh airport

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.

Dong Nai province's rural district gets well-deserved makeover

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.

Housing developers target hospitality segment

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.

New infrastructure approved for Thu Thiem resettlement area

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.

Vietnam Book Day helps promote reading culture: Deputy Prime Minister

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.

Credit growth limited at 15 percent for best banks in 2019

The State Bank of Vietnam (SBV) has assigned a credit growth limit to each commercial bank in 2019, with priority given to those who met Basel II's capital safety and risk management standards ahead of schedule.

FM Logistic breaks ground for new distribution centre in Vietnam

French logistics and transport company FM Logistic has broken ground for a 30 million USD warehouse and distribution centre in the northern province of Bac Ninh.

Supply of Hanoi town houses, villas hits record high in Q1

The number of town houses and villas put up for sale in Hanoi in the first quarter rose to 2,600, a record high in three years, property consultancy CBRE Vietnam said on April 10.

Government asks for drastic efforts to complete yearly targets

The Government has asked ministries, sectors, economic groups and State-owned corporations to take drastic measures to hit targets set for 2019.

More comprehensive solutions needed for solar energy development

Rising concerns about the environment and livelihoods are setting barriers to developing solar energy in Vietnam, experts have said.

Da Nang looks to become exemplary eco-smart city in Asia

The central coastal city of Da Nang is making strides towards turning itself into an eco-smart urban area, a hub for startups and innovation, and one of the most liveable cities in Asia by 2045 under its smart city development project announced at a conference on April 10.

Two bottlenecks in Land Law

Vietnam's Land Law has been useful for the last 30 years since economic reform began and especially when perceptions changed as the economy moved from subsidies to the market. However, though its revenues from lands have steadily increased the government has been plagued by improper valuations.

Social insurance office targets 32.3 percent in coverage in 2019

The Vietnam Social Security (VSS) targets 32.3 percent of the workforce nationwide joining social insurance in 2019, 33.9 percent in 2020, and 35.6 percent in 2021.

Deputy PM urges firms to embrace digital transformation

Deputy Prime Minister Vuong Dinh Hue has urged domestic firms to embrace digital transformation at a recent business forum.

Vietnam introduces investment, trade potential in Belgium

Vietnam's potential and advantages in investment and trade once the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) take effect were introduced at the ASEAN Trade and Investment Forum in Brussels, Belgium, on April 4.

Nearly 15.9 mln USD of FDI poured into Quang Nam in Q1

The central coastal province of Quang Nam has attracted eight foreign direct investment (FDI) projects worth nearly 15.9 million USD so far this year, lifting total FDI projects in the locality to 176 with a total investment of over 5.8 billion USD.

CPTPP countries – potential markets for Vietnamese wood industry

Countries joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) are potential markets for Vietnamese wood firms, said Nguyen Ton Quyen, Vice Chairman of the Vietnam Timber and Forest Products Association.

Time for environmentally-friendly building materials

The increasing amount of smart urban areas and green buildings has triggered demand for environmentally-friendly building materials in Vietnam, experts said.

VinaCapital invests in tourism project in Binh Dinh province

Investment group VinaCapital has injected over 1.1 trillion VND (47.4 million USD) into a project at the Nhon Ly – Cat Tien marine tourism area in Phu Cat district, central Binh Dinh province.

Over 910 million VND saved during Earth Hour in Vietnam

About 492,000kWh of electricity, equivalent to 917 million VND (over 39,500 USD), was saved in Vietnam during the Earth Hour, when lights were turned off for one hour from 8:30pm on March 30.

Financial-monetary advisory council meets to assess growth

The National Advisory Council on Financial and Monetary Policies met on March 28 to assess the economic growth in Quarter 1 and determine factors that can affect growth in the remaining months of the year, including obstacles in the banking and financial sectors.

Project to develop national investment information system kicks off

The Ministry of Planning and Investment (MPI) and the Korean International Cooperation Agency (KOICA) organised a ceremony in Hanoi on March 28 to launch a project to develop the national investment information system (NIIS).

Quang Binh secures over 2 billion USD invested into economic, industrial zones

Industrial parks and economic zones in the central province of Quang Binh have attracted nearly 50 trillion VND (2.15 billion USD) to 122 projects in the first three months of this year, the chinhphu.vn reported.