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News

Hà Nội courts US investment

  • The capital city will create the best possible conditions for the US investors to launch their projects in the locality, Nguyễn Đức Chung, chairman of the municipal People’s Committee, said.
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South Korea is 4th country to invest in Vietnam subway

  • Following Japan, Germany and Spain, the Korean government has begun to study the subway project in HCM City.
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Conditions set for auto JVs between Vietnamese and Russian firms

  • Auto joint ventures formed by Vietnamese and Russian firms will be granted a number of incentives but will lose their licenses if they fail to meet local-content requirements.
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Vietnam needs $15 billion for weaving, dyeing industry

  • VietNamNet Bridge - Vietnam’s textile-garment industry is facing major challenges of low labor productivity and a serious shortage of textile and dyeing materials.
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Vietnam PM approves $300 million R&D investment by Samsung Electronics

  • Vietnam's prime minister has approved a $300-million research and development project in Hanoi by Samsung Electronics Vietnam, a local unit of a South Korean giant that is the country's single biggest investor.
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Investor ups toll to make ends meet

  • The toll level on National Highway 5, one of Vietnam's most modern expressways connecting the cities of Hanoi and Haiphong, will climb soon, helping the investor ensure the project's financial viability, and raise capital for road quality maintenance and improvement.
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ACV to upgrade Hue airport

  • The Airports Corporation of Vietnam (ACV) plans to upgrade the international terminal at Phu Bai airport in central Hue city under the build-operate-transfer model, saying it was needed to serve the increasing number of passengers.
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Foreign shops driving rent up

  • More foreign shops such as France-based Auchan and US-based 7-Eleven convenience stores will lead to competition for rental spaces, particularly in downtown HCM City, according to a new report.
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Pyramid schemes under spotlight

  • Minister of Industry and Trade Vũ Huy Hoàng has called for quarterly reevaluations of multi-level marketing firms, or pyramid schemes, operating across the country.
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Motorcycle growth modest in 2016

  • The motorcycle market will continue to grow this year albeit at a marginal rate, according to manufacturers.
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Saigon Co.op enters next round of bid for Big C Vietnam

  • The Saigon Union of Trading Cooperatives (Saigon Co.op), the owner of the Co.opmart supermarket chain, has qualified for the second round of the highly competitive bid for Big C Vietnam operations owned by French retailer Casino.
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Lower tariffs raise Korean investment

  • Many South Korean firms are boosting their investments into Vietnam, and raising their imports thanks to tariff slashes under the Vietnam-South Korea Free Trade Agreement.
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Labour productivity critical for growth: minister

  • Improving labour productivity is now critical for Vietnam to boost gross domestic product (GDP) per capita to become an industrialised and upper-middle income nation in the next two decades.
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Hanoi steps up measures to attract Japanese investment

  • Hanoi will continue speeding up administrative reforms, and synchronising policies and mechanisms to facilitate operations of Japanese enterprises in the locality, said Municipal People's Committee Chairman Nguyen Duc Chung.
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