Vietnam Investment Review

GLP launches $1.1-billion Vietnam Logistics Development Fund

GLP, a global investment manager and business builder in logistics, data infrastructure, renewable energy, and related technologies,on January 22 officially announced the establishment of GLP Vietnam Development Partners.

CapitaLand Development divests Capital Place in Hanoi for $550 million

CapitaLand Development (CLD), the development arm of CapitaLand Group, on January 20 announced the divestment of Capital Place, its international Grade A office building in Hanoi for $550 million to an unrelated third party.

BW Industrial Development JSC announces acquisition in DEEP C Industrial Zones

BW Industrial Development JSC on January 19 announced the acquisition of approximately 74,000 square metres of prime land in the Bac Tien Phong Industrial Zone in Quang Ninh, developed by DEEP C Industrial Zones.

HSBC Vietnam commits $12 billion to the green development of Vietnam

In support of the government’s aspiring climate goals and COP26 commitments to become a net zero economy by 2050, HSBC Vietnam has announced to arrange up to $12 billion of direct and indirect financing for Vietnam and the corporate sector by 2030.
MW Luxury Halong makes impressive debut by partnering with WorldHotels

MW Luxury Halong has today launched the signing ceremony between My Way Halong Investment & Hotel and WorldHotels.
World-renowed scientists received $4.5 million in VinFuture Prize

World-renowned scientists were honoured on January 20 with Vietnam's first international science award by Vingroup to recognise their outstanding contributions to science.

US airlines warn of 'calamity' if 5G deployed near airports

VN banks expect to sell more shares to foreign investors in 2022

CAAV allowed to decide domestic flight frequency in upcoming holiday

More capital flows come to economic, industrial parks in 2021

Export picture enjoys benefits from restart

In defiance of massive woes, Vietnam’s export-import landscape is gaining momentum on the back of the gradual recovery in domestic manufacturing and bit-by-bit reopening of many foreign markets, promising a brighter trade picture for the country this year.

Contributing on the global stage

Vietnam has successfully undertaken and fulfilled its role as a non-permanent member of the United Nations Security Council for the 2020-2021 term.

Triumphs stack up after UNSC success

Vietnam has accomplished its role as a non-permanent member of the United Nations Security Council in 2020-2021, reflecting the country’s increased prestige which has helped expand trade and attract more investment.

Corporate

CEO Talk Biz Link GE Vietnam Values

Creating distinct and vibrant digital payment alternatives

ITL marks a spotlight in Vietnam’s logistics industry

Corporate January 25, 2022 | 13:33

Creating distinct and vibrant digital payment alternatives

With the rise in easily accessible digital payment methods, an increasing number of merchants are beginning to accept alternative payments, in addition to cash. Marek Forysiak, chairman of SmartPay, talked with VIR’s Phuong Thu about the firm’s e-payment journey.

Corporate January 25, 2022 | 09:00

ITL marks a spotlight in Vietnam’s logistics industry

Overcoming a year full of challenges, In Do Trans Logistics Corporation has conquered its 5-year goals ahead of schedule and gradually fulfilled its vision to be a national champion and the leading logistics company in Vietnam.

CEO Talk January 11, 2022 | 19:59

"It’s not too early to prepare for 6G"

it’s not too early to begin addressing the technological, regulatory, geographical, and educational challenges that will be required to make ubiquitous 6G a reality, says Ron Nersesian, president and CEO at Keysight Technologies.

Biz Link January 21, 2022 | 16:29

Employers expect strong hiring outlook for first half of 2022

International and local employers in various sectors are expecting their hiring intentions to rise in the first half of 2022 as the economy is gradually recovering, according to the newly published Vietnam Employment Outlook Survey.

Investing

M&A Outbound Investment 30 years of FDI Investing in Haiphong

Technology M&A to retain booming growth in 2022

Public investment to offer backbone for infrastructure

M&A January 25, 2022 | 15:00

Technology M&A to retain booming growth in 2022

Mergers and acquisitions (M&As) in the technology sector are expected to continue with their escalating activities in 2022, helping to allure foreign capital influx into tempting sectors.

Investing January 25, 2022 | 11:43

Public investment to offer backbone for infrastructure

With the economy gradually bouncing back, Vietnam will continue speeding up the disbursement of public investment this year, with a focus placed on infrastructure development in order to spur on economic growth this year and beyond.

M&A January 25, 2022 | 15:00

Technology M&A to retain booming growth in 2022

Mergers and acquisitions (M&As) in the technology sector are expected to continue with their escalating activities in 2022, helping to allure foreign capital influx into tempting sectors.

Outbound Investment January 06, 2022 | 11:47

VinFast led a $80 million funding round in Israel-based fast charge EV battery startup StoreDot

A coalition of international investors, including VinFast of Vingroup, has funded $80 million in StoreDot, an innovative firm that builds fast-charging electric car batteries.

Your Consultant

KPMG PwC Indochina Capital RSM Vietnam ASL LAW Nam Dinh Vu IP Indochine Counsel

Indochine Counsel January 25, 2022 | 13:58

How mobile money services operate

At the most basic level, mobile money is the provision of financial services through a mobile device, and the used applications are typically small pieces of software embedded on a SIM card or available over a mobile network.

Your Consultant January 25, 2022 | 11:28

Bracing for impact of Omicron variant

The world is entering the third year of the COVID-19 pandemic and there is no definitive end in sight. Patrick Lenain, assistant director at the Organisation for Economic Co-operation and Development, analyses the prospects of Vietnam dealing with the latest variant and its ability to restart the economy in 2022.

KPMG December 10, 2021 | 08:00

KPMG exclusive #3: Transformative changes in mobility

Andrea Godfrey, partner, head of Global Mobility Services of KPMG in Vietnam shares how mobility and employee expectations are changing for businesses.

PwC January 08, 2022 | 15:00

The principles for emission ambition

VIR’s Van Nguyen spoke with Dinh Thi Quynh Van, general director of PwC Vietnam, about how the country can successfully carry out its commitments.

Indochina Capital April 26, 2021 | 09:51

Bank and real estate giants team up

Indochina Kajima Development Ltd., a joint venture from Indochina Capital and Kajima Corporation, last week signed a strategic partnership with VietinBank with the aim to provide the market with innovative real estate that addresses both current and future demands.

RSM Vietnam December 23, 2021 | 08:00

RSM Tax in Motion 2021 brings businesses up to speed on tax field updates

To update and enhance enterprises’ understanding of changes and issues in taxation, RSM Vietnam organised the Tax in Motion 2021 webinar on December 22, 2021.

ASL LAW December 16, 2021 | 13:01

Legal validity and correct application of e-contracts

A recent survey on the obstacles preventing enterprises in Vietnam from applying e-contracts for their business showed that over 300 of the 500 participants said that they were concerned about the legal validity of the e-contract. Confidentiality is also another issue causing enterprises in Vietnam to be reluctant to apply the e-contract for their business activities.

Nam Dinh Vu IP December 14, 2021 | 18:00

Specific mechanisms and policies: additional resources for Haiphong to break through

The 15th National Assembly approved Haiphong and three other localities to pilot a number of mechanisms and policies to spur development.

Indochine Counsel January 25, 2022 | 13:58

How mobile money services operate

At the most basic level, mobile money is the provision of financial services through a mobile device, and the used applications are typically small pieces of software embedded on a SIM card or available over a mobile network.

Opinion

Novartis – A success story for a quarter of a century with great plans forward

Amitabh Dube

Country president, Novartis Vietnam

Novartis – A success story for a quarter of a century with great plans forward

Dual crowns for Nestlé in sustainability and HR

Binu Jacob

CEO of Nestlé Vietnam

Dual crowns for Nestlé in sustainability and HR

INSEE Vietnam pursues long-term values and sustainable development path

Eamon Ginley

General director at Siam City Cement Vietnam

INSEE Vietnam pursues long-term values and sustainable development path

AkzoNobel: 140 years of more than just making powder

Maximilien Schréder

Regional commercial director for the Powder Coatings business

AkzoNobel: 140 years of more than just making powder

Topics

COP26 - Together for Our Planet Healthcare Platform Digital Transformation Human Capital 4.0 Sustainable Energy Empowering Women COVID-19

Emagazine

December 27, 2021 | 07:55

PetroVietnam promoting US partnerships: The future of Vietnam’s energy industry

On November 23, 2021, a round table discussion between PetroVietnam and US investors took place with the topic of potential energy investment in Vietnam.

October 13, 2021 | 10:49

Green from the get-go: Gamuda Land’s blueprint for sustainable success in Vietnam

Transitioning to a circular, green economy is no walk in the park – it is a daunting task that requires collective efforts. Dennis Ng Teck Yow, general director of Gamuda Land Vietnam (Hanoi) explained to VIR’s Song Huong the sustainability journey of the Malaysian property developer and how it is making a better Vietnam.

July 13, 2021 | 10:49

Ambassadors of peace

With only around half a year left, Vietnam’s participation as a non-permanent member of the United Nations Security Council (UNSC) soon comes to end. Thus, it is time to take a look at the Vietnamese people who have contributed to the UN’s endeavour of securing peace in the war-torn Republic of South Sudan.

May 24, 2021 | 16:28

SABECO clears house at international beer awards to take local brand to the world

Overcoming hundreds of entries from across the globe, Vietnam's largest brewer SABECO has showed up strong at the Australian International Beer Awards, bringing the local brand into consumers’ minds across the globe.

April 09, 2021 | 07:00

Vietnam trekking tour wakes up all senses of veteran hotelier

Erwin R. Popov was born to be a hotelier with his family having a long tradition in hospitality management. He has worked for more than 35 years in the hotel industry. He has traveled to 128 countries around the world.

Green Growth

Energy Efficiency Rethinking Plastics

SK ecoplant and Nami Solar launch joint venture to invest in Vietnam’s distributed solar sector

HSBC Vietnam commits $12 billion to the green development of Vietnam

Renewables to drive country towards net-zero successes

Six Vietnamese sectors obliged to keep greenhouse gas inventories

Renewable energy ventures increasingly in vogue

Green Growth January 25, 2022 | 17:35

SK ecoplant and Nami Solar launch joint venture to invest in Vietnam’s distributed solar sector

SK Group has further expanded its investment in Vietnam through a new partnership between its green investment arm, SK ecoplant, and Nami Solar, an affiliate of Nami Energy.

Coverage January 25, 2022 | 17:23

HSBC Vietnam commits $12 billion to the green development of Vietnam

In support of the government’s aspiring climate goals and COP26 commitments to become a net zero economy by 2050, HSBC Vietnam has announced to arrange up to $12 billion of direct and indirect financing for Vietnam and the corporate sector by 2030.

Green Growth January 25, 2022 | 17:00

Electricity market revamp on cards

A retail electricity market would mark a step towards market liberalisation efforts that enable consumers to choose who they wish to buy electricity from. To realise such a market, Vietnam’s Law on Electricity, as well as related documents will require certain adjustments to accommodate purchase agreements and other tools.

Green Growth January 25, 2022 | 12:30

Renewables to drive country towards net-zero successes

Developing renewable energies is expected to drive Vietnam’s endeavour to a net-zero future by 2050, as Vietnam’s Prime Minister Pham Minh Chinh announced at COP26. With this move, Vietnam has joined the group of about 140 countries that pledged to net-zero emissions by the middle of the century.

Green Growth January 23, 2022 | 09:37

Six Vietnamese sectors obliged to keep greenhouse gas inventories

The energy, transportation, construction, industry, agriculture, and waste sector are now legally required to establish and report their greenhouse gas (GHG) inventories to relevant authorities since January 18.

Green Growth January 20, 2022 | 16:59

Renewable energy ventures increasingly in vogue

Businesses are exhibiting a growing appetite towards renewable energy ventures to effectively avail of recent changes to the latest national power development draft plan, as well as burgeoning opportunities on the horizon.

Property

Green Buildings Industrial Properties

PDR posted profit growth of over $103 million in 2021

Viva Land acquires award-winning Grade A Capital Place in Hanoi

Property January 25, 2022 | 17:34

PDR posted profit growth of over $103 million in 2021

Although the real estate industry has been hit hard by the pandemic, Phat Dat Real Estate Development JSC (PDR) remains a spotlight in the market by achieving profits with an on-year growth of 53 per cent.

Property January 24, 2022 | 14:00

Viva Land acquires award-winning Grade A Capital Place in Hanoi

Viva Land Investment and Development JSC, through its affiliates, has acquired Capital Place – a premier Grade A luxury building in Hanoi.

Green Buildings January 17, 2022 | 08:51

Webinar delves into architectural and planning solutions for sustainable cities in Vietnam

Dulux Professional from AkzoNobel, a leading company in the paints and coatings industry, has partnered with Architectural Review under the Vietnam Association of Architects to organise a webinar themed Architectural Solutions for Ecological Urban Cities.

Industrial Properties January 19, 2022 | 18:04

BW Industrial Development JSC announces acquisition in DEEP C Industrial Zones

BW Industrial Development JSC on January 19 announced the acquisition of approximately 74,000 square metres of prime land in the Bac Tien Phong Industrial Zone in Quang Ninh, developed by DEEP C Industrial Zones.

Money

Insurance Smart Payment Trends Stock Monitor

Generali supports orphans impacted by pandeimc before Lunar New Year

Money January 25, 2022 | 17:23

Generali supports orphans impacted by pandeimc before Lunar New Year

Italian-backed life insurer Generali Vietnam organised the Tomorrow for our Children programme, comprising a wide range of fundraising activities to deliver 500 sets of Lunar New Year gifts and cash to 500 underprivileged children orphaned by the pandemic

Indochine Counsel January 25, 2022 | 13:58

How mobile money services operate

At the most basic level, mobile money is the provision of financial services through a mobile device, and the used applications are typically small pieces of software embedded on a SIM card or available over a mobile network.

Insurance January 25, 2022 | 17:23

Generali supports orphans impacted by pandeimc before Lunar New Year

Italian-backed life insurer Generali Vietnam organised the Tomorrow for our Children programme, comprising a wide range of fundraising activities to deliver 500 sets of Lunar New Year gifts and cash to 500 underprivileged children orphaned by the pandemic

Insurance January 24, 2022 | 19:20

Hanwha Life Vietnam and Viettel Post team up on insurance distribution

South Korean life insurer Hanwha Life Vietnam has recently signed an agreement with military-run Viettel Post Corporation on the distribution of insurance products.

Smart Payment Trends December 22, 2021 | 14:00

M-Service becomes Vietnam's latest unicorn with valuation of more than $2 billion

M-Service JSC, the parent firm of MoMo, has just become the country's latest unicorn with a valuation of more than $2 billion in its Series E round.

Smart Payment Trends December 10, 2021 | 19:02

MBBank App makes it into the “Top Apps of 2021” by Apple Store

Apple just announced the App Store Awards 2021, with the MBBank app being the only banking application in Vietnam to make it onto the Top Apps of 2021 on iOS.

Infographics

Infographics January 10, 2022 | 10:08

Eight commodities with export value of over 10 bln USD

Electronics, computers and components, mobile phones and spare parts were among the commodities with export value of over 10 bln USD in 2021.

Infographics January 05, 2022 | 11:12

Lawmakers to make decision on four important issues

The first extraordinary session of the 15th National Assembly, which opened on January 4 and will close on January 11, aims to decide on timely fiscal and monetary policies for the implementation of the socio-economic recovery and development programme and remove legal obstacles for development.

Timeout

Travel Hotels & Restaurants The Insider Entertainment Lifestyle

Timeout January 25, 2022 | 17:21

Launching of flower street “Home Hanoi Xuan 2022”

The flower street within the Home Hanoi Xuan 2022 programme was opened on January 22 at Mailand Hanoi City, inviting visitors to enjoy the atmosphere and share the spirit of the Lunar New Year.

Timeout January 24, 2022 | 11:29

Dossier seeking UNESCO recognition of Yen Tu complex to be completed this year

The northern provinces of Quang Ninh, Hai Duong, and Bac Giang have committed to complete a scientific dossier on the Complex of Yen Tu Monuments and Landscapes in 2022 to seek the UNESCO recognition of this place as a world heritage site.

Timeout January 20, 2022 | 10:52

PM directs building roadmap to welcoming foreign visitors

The Government Office has issued a dispatch on the Prime Minister’s directions about building a roadmap to open the door to welcome foreign visitors in a safe, scientific and effective manner.

Timeout January 17, 2022 | 10:01

CAAV allowed to decide domestic flight frequency in upcoming holiday

The Civil Aviation Authority of Vietnam (CAAV) has been allowed to decide on the frequency of domestic flights to meet the travel demand during the upcoming Tet (Lunar New Year) holiday, under a document signed by Deputy Minister of Transport Le Anh Tuan.

Hotels & Restaurants January 04, 2022 | 10:18

Brilliant New Year at Four Seasons Resort The Nam Hai, Hoi an

The all-villa Four Seasons Resort The Nam Hai, Hoi An is ready to reopen on January 14, with attractive specials and savings for its guests to welcome a brighter New Year. Que Chi reviews.

The Insider January 19, 2022 | 10:01

Traditional art now undergoing digital business transformation

Online art galleries have boomed in recent times, with skyrocketing transactions taking place. Vu Huy Thong, art director of IndochineArt – Vietnam’s first online gallery – talked to VIR’s Do Huong about the movements of Vietnam’s art market over the past two years.

Lifestyle January 21, 2022 | 10:48

Hang Luoc traditional flower market opens in Hanoi

The Hoan Kiem District People’s Committee opened Hang Luoc street traditional flower market and diverse activities at Phung Hung street mural space on January 19 in celebration of the upcoming Tet (Lunar New Year) holiday.

Entertainment January 25, 2022 | 17:21

Launching of flower street “Home Hanoi Xuan 2022”

The flower street within the Home Hanoi Xuan 2022 programme was opened on January 22 at Mailand Hanoi City, inviting visitors to enjoy the atmosphere and share the spirit of the Lunar New Year.

Videos

Red River Delta listed among 52 best travel destinations in 2022

Six countries and territories agree to reopen flights with Vietnam

Enterprises optimistic about production and business in 2022

Vietnam an important market of Japanese retail groups

Samsung plans to invest 850 mln USD in Vietnam subsidiary

President Nguyen Xuan Phuc meets with Cambodian Prime Minister

Quang Nam anticipates recovery in tourism industry

Vietnam crowned Asia's best river cruise destination

Digital transformation: Driving growth and innovations with 5G

5G - an indispensable foundation in implementing digital economy

Vietnam among top 10 IT product exporters globally

Sports

Sports January 21, 2022 | 12:51

Vietnamese female football team to play with high resolve in Asian Cup final

The women’s football team of Vietnam will compete in the 2022 Asian Football Confederation (AFC) Women’s Asian Cup with strong determination and effort, head coach Mai Duc Chung said on January 20.

Sports January 21, 2022 | 09:28

Park Hang-seo names squad for Australia game in World Cup qualifiers

Head coach Park Hang-seo on January 20 announced the 24-man squad for Vietnam’s upcoming away match against Australia in the final round of the 2022 FIFA World Cup Asian qualifiers, according to the Vietnam Football Federation (VFF).

Sports January 17, 2022 | 17:14

Preparation accelerated for SEA Games 31

Relevant agencies and localities in Vietnam are speeding up preparations for the 31st Southeast Asian Games (SEA Games) which is scheduled to be held from May 12 to 23 this year.

Sports January 17, 2022 | 10:20

Women’s football team arrives in India for Asian Cup finals

Ten members of the national women’s football team, including head coach Mai Duc Chung, arrived in India’s Pune city on January 16 for the 2022 Asian Football Confederation (AFC) Women’s Asian Cup.

Photos

Photos January 14, 2022 | 10:40

Northwest resplendent in wild peach blossoms

During the Spring, the entire mountains and forests of Vietnam’s northwest region are resplendent with the pink hue of “To Day” (wild peach flowers).

Photos November 23, 2021 | 09:58

Hanoi to launch new housing projects

The capital city of Hanoi is expected to launch 11 new housing projects in the fourth quarter of this year, providing the market with 7,900 apartments. The new condominiums are located in the districts of Gia Lam, Hoang Mai and Tu Liem.

Photos November 14, 2021 | 11:32

Bac Lieu prioritises renewable energy

The Mekong Delta province of Bac Lieu has chosen renewable energy as one of its top priorities, aiming to restructure the economy towards green growth and sustainable development.

Coverage September 30, 2021 | 18:13

Businesses prepare for "new normal"

After more than four months of social distancing, enterprises are preparing to gradually resume operations and embrace the "new normal".

Photos September 22, 2021 | 16:58

First mobile market opens for people in green areas of District 5

On September 22, Ho Chi Minh City opened a mobile market to serve people in "green areas" who had been vaccinated in Ward 3, District 5.

Society

Swing for the Kids CSR

Coca-Cola unlocks the magic of Lunar New Year with community programme

93,000 foreigners currently have work permits in Vietnam

Society January 25, 2022 | 17:22

Coca-Cola unlocks the magic of Lunar New Year with community programme

With Lunar New Year just around the corner, Coca-Cola Vietnam – together with Vietnam Red Cross, the Women's Union, and the People's Committee – is once again bringing the warmth of new beginnings to local communities.

Society January 24, 2022 | 11:34

93,000 foreigners currently have work permits in Vietnam

There are currently more than 93,000 foreigners with work permits in Vietnam, according to data from the Ministry of Labour, Invalids and Social Affairs.

Swing for the Kids September 27, 2021 | 11:00

A positive approach with a deeper understanding

My predestined relationship with Vietnam Investment Review began around 27 years ago and started with a rejection. Graduating from the Faculty of International Journalism of the Moscow State Institute of International Relations in 1994, I was eager to return home and apply at VIR for my first job.

Swing for the Kids September 27, 2021 | 11:00

Keeping it simple in order to match giants of the press

One can take a wild ride down many alleyways when reading about the history of the press, particularly in regards to Britain’s famed print industry, but news always boils down to covering the essentials. VIR’s Ray McRobbie offers his take on what is the most important when it comes to publishing topical content.

CSR January 19, 2022 | 10:13

Ngoi Sao Nho Kindergarten received Lunar New Year donations from Royal London Vietnam

On January 15, Royal London Import-Export Ltd. organised with the Binh Duong Youth Worker and Labour Support Centre and the Tam Long Vang Fund of the Lao Dong Newspaper the event Xuan Cong Nhan for the Ngoi Sao Nho Kindergarten in Binh Duong.

CSR January 13, 2022 | 13:26

Red Bull and Warrior spread positive energy to the community

Behind the energy drink brands Red Bull and Warrior, familiar to Vietnamese consumers, is the host company TCPVN. Along with being famous for its high-quality products, the business also strives to create sustainable values for the community and society.