vingroup covers bases with expansion

Vingroup covers bases with expansion

VinFast – Vietnam’s first fully-fledged domestic carmaker and an integral part of conglomerate Vingroup – wants in on the American dream, the Vingroup chairman proclaimed at its latest shareholders’ meeting, while other Vingroup subsidiaries are also looking to further dominate in everything from real estate to biotechnology.
caution urged for sme fund processes

Caution urged for SME fund processes

With many small- and medium-sized enterprises having difficulties accessing financial resources to improve their capability, the Small- and Medium-sized Enterprises Development Fund under the Ministry of Planning and Investment is aiming to meet their greater financing needs.
specialist loans to jack up sme growth

Specialist loans to jack up SME growth

Small- and medium-sized enterprises in Vietnam looking to develop new capabilities will now get a leg-up from business loans provided by Military Bank, Saigon-Hanoi Commercial Joint Stock Bank, and BAC A BANK. However, lenders are warned to keep an eye on the risks of financing these firms.
show on huong river falls short of audiences expectation

Show on Huong River falls short of audience’s expectation

“Serendipity of the Huong (Perfume) River”, an art show to highlight the daily life on Huong River in Hue City, regretably failed to entertain audiences at the ongoing biennial cultural event, Hue Festival 2018.
amazon welcomes vietnamese traders but will not come to vietnam

Amazon welcomes Vietnamese traders, but will not come to Vietnam

Despite rumors that Amazon will enter Vietnam as a competitor of China’s Alibaba, the representative of the US e-commerce giant expressed no such intention when he attended Vietnam Online Business Forum today in Hanoi.  
aras set to put the spotlight on reports

ARAs set to put the spotlight on reports

The fourth Annual Report Awards will raise its glass this week.
paper firms ink deals

Paper firms ink deals

Japan-based Daio Paper and Development Bank of Japan have entered Vietnam’s paper market. Daio Paper Corporation and BridgeHead fund, an affiliate of Development Bank of Japan, last week bought a 38 per cent stake in the Ho Chi Minh City-based Saigon Paper Corporation.
rising labour costs bring benefits

Rising labour costs bring benefits

Vietnam is to become a more competitive manufacturing destination for foreign textile and garment businesses as competitors’ production costs climb.
province told to pull its socks up

Province told to pull its socks up

“But this matter is beyond the management responsibilities of Ba Ria Vung Tau’s administration”
power firm has its back to the wall

Power firm has its back to the wall

Taiwan-owned Hiep Phuoc Power Company Limited, the first privately-owned power project in Vietnam, has had its hands burnt getting its price increase proposal into action.
blackout to hit firms hard

Blackout to hit firms hard

Foreign-invested manufacturing firms are fearful of rolling power cuts planned for the southern strategic economic zone in line with the looming dry season.
indochine to play ball

Indochine to play ball

Vietnam has not been ready for a real horse-racing facility
subway looks to take a bite out of vietnam

Subway looks to take a bite out of Vietnam

Subway, the US-based sandwich-shop chain, last week marked its presence in Vietnam with the soft opening of Ho Chi Minh City’s store.
hotels bank on chain reactions

Hotels bank on chain reactions

Vietnamese-backed hotel developers are expanding their horizons, looking not just to make their own hotel brands recognised domestically, but also planning to get their brands international attention.

Firms demand sweeter tax incentives

Import-export tax incentives for foreign-invested enterprises need to be sharpened.