Vietnam Investment Review

Sci-tech firms finding it hard to borrow

Science and technology firms are still finding it hard to acquire bank loans, even though they are categorised among priority groups to borrow.

MoC makes suggestions on social housing

The Ministry of Construction has suggested removing a condition which states that those who want to move into social housing must have registered for permanent or temporary residence for one year or longer in the relevant area.

EVN must settle transitional renewable energy power tariffs before March 31: MoIT

The Ministry of Industry and Trade has mandated that Electricity of Vietnam and its investors reach an agreement on energy rates by March 31.

Vietnam aspires to learn about smart city growth from US

Vietnam has suggested fostering a US-Vietnam collaboration for the development of smart cities, aiding its future urban planning milestones.
Downward trend in FDI persists

FDI in the first quarter of 2023 fell by almost 39 per cent on-year, with the lack of large, billion-dollar projects contributing to the drop.
Visa upgrade at heart of fresh approach to tourism

Vietnam’s tourism industry is expected to surpass its goal of welcoming eight million foreign visitors this year, if visa policies are updated and length of stay options adjusted.

Vietnam a potential market for shoppertainment: report

Attracting more visitors to Vietnam

More welcoming policies will rejuvenate tourism chances

Expanding across borders to close the digital gap

UOB trim GDP growth forecast for Vietnam

UOB has lowered Vietnam’s full-year GDP growth forecast for 2023 to 6 per cent from an earlier call of 6.6 per cent due to the slow start in Q1.

Car industry remains flat

After strong rebound in 2022 driven by pent-up demand, the local car market has been gloomy for the year to date, which is expected to linger until the year-end.

US widens plywood trade remedy inquiry

On May 2, the DOC is set to make a final determination to avoid trade remedies for Vietnamese-imported hardwood plywood.

Corporate

CEO Talk Biz Link GE Vietnam Values

Vietnam to expand petroleum stockpiles to 75-80 days of net imports

Vietnam calls for more investment from LG

Corporate March 31, 2023 | 17:49

Vietnam to expand petroleum stockpiles to 75-80 days of net imports

Most of the $11.5 billion required to build the petroleum reserve infrastructure system by 2030 will come from outside the federal budget.

Corporate March 31, 2023 | 16:39

Vietnam calls for more investment from LG

Deputy Prime Minister Tran Luu Quang hosted a reception for Kim Myoung-kyu, Vice President of LG Display Co Ltd, a subsidiary of LG Group of the Republic of Korea (RoK), on March 31 in Hanoi.

CEO Talk March 13, 2023 | 08:55

Nokia laying groundwork for Vietnam’s digital economy

With over three decades of experience in ICT spanning across different countries, Nokia Vietnam general manager Rubén Moron Flores shared his insights with VIR’s Hong Giang regarding Nokia’s plan to bolster the data centre market and ICT infrastructure in Vietnam.

Biz Link March 31, 2023 | 11:00

Newgen and FPT IS join hands on digitisation

In late March, FPT Information System Co., Ltd. and Newgen Software jointly organised a workshop themed “Streamlining digital lending using low code platform”.

Investing

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

Bayer accelerates innovation in Pharmaceuticals

Investing March 31, 2023 | 19:00

Bayer accelerates innovation in Pharmaceuticals

Bayer has presented its progress in the transformation of its pharmaceutical business, focusing on accelerating innovative healthcare solutions.

Investing March 31, 2023 | 18:00

Livestock switch serves up dispute

Livestock companies in the southern province of Dong Nai are struggling to comprehend what they say is a rushed roadmap to relocate thousands of breeding farms for environmental reasons.

M&A March 27, 2023 | 12:02

Kredivo closes $270m Series D equity round

Kredivo Holdings (formerly known as FinAccel), the parent company of Kredivo and Krom Bank Indonesia, has announced it has raised $270 million in equity financing in a significantly oversubscribed round in its Series D funding phase.

Outbound Investment March 31, 2023 | 14:46

Viettel Global's consolidated revenue exceeds $1 billion

Viettel's revenue exceeded $1 billion in 2022, with major contributions from the African and SEA markets.

Your Consultant

KPMG PwC RSM Vietnam D.lion

Developments for Vietnam to watch in midst of bank crisis

Your Consultant March 29, 2023 | 10:15

Developments for Vietnam to watch in midst of bank crisis

The banking system is bracing for difficulties after the events surrounding Silicon Valley Bank, Credit Suisse, and others. Patrick Lenain, senior associate at the Council on Economic Policies, shared his views on what should Vietnam watch for during this period.

Your Consultant March 27, 2023 | 10:38

Attracting more visitors to Vietnam

Tourism is one of the major sectors of Vietnam’s economy, contributing over 9 per cent of its GDP. However, international arrivals have declined sharply since 2020.

KPMG March 21, 2023 | 16:12

Digital transformation needs private and public sector support

International organisations and investors hope to work closely with the authorities and business community to foster digital transformation, raising demand for public-private partnerships.

PwC March 27, 2023 | 18:27

Innovative low-carbon projects join UK's climate finance scheme

Nine low-carbon Vietnamese initiatives have been chosen to take part in the first wave of the UK government's $14.4 million climate finance scheme.

RSM Vietnam March 14, 2023 | 10:07

RSM Vietnam stays ahead of the changing business environment

RSM Vietnam continues to support the development of its clients as it keeps up with the rapidly evolving business climate.

D.lion December 02, 2022 | 18:38

D.lion Media & Solutions honoured at SME100 2022 Ceremony

D.lion honored at SME100 2022.

Opinion

Rubén Moron Flores

General manager of Nokia Vietnam

Nokia laying groundwork for Vietnam’s digital economy

Qualcomm partners with Vietnam for 5G rollout

Shah Zeb

Senior director, Business Development, Qualcomm Technologies

Qualcomm partners with Vietnam for 5G rollout

What might the Vietnamese economy look like in 2023?

Le Khanh Lam

chairman of RSM Vietnam

What might the Vietnamese economy look like in 2023?

Carola Richter

President in Asia-Pacific (excluding China) for BASF

BASF's route towards a circular economy

Topics

Digital Transformation Healthcare Platform Sustainable Energy Human Capital 4.0 Empowering Women Climate Change Response Special Administrative-Economic Zones Bank Scandals Safe and Sound Vietnam

Emagazine

December 13, 2022 | 12:02

Accelerating digital transformation in Vietnam and the road to 5G

Vietnam is on a steady trajectory towards the digital age. The government has spared no effort in recent years to accelerate national digital transformation based on three key pillars: digital government, digital economy, and digital society.

September 19, 2022 | 08:25

Citi supporting Vietnam in connecting the global dots

Vietnam is considered by US group Citi as an attractive market. Ramachandran A.S., Citi country officer, talked to VIR’s Linh Le about the group’s efforts to utilise its global experience in the Southeast Asian nation, and its priorities moving forward.

September 15, 2022 | 15:54

Radisson Hotel Group spearheading hospitality growth in Asia-Pacific

With travel restrictions easing, air traffic increasing, and leisure and business travel bookings on the rise, Radisson Hotel Group is optimistic about the outlook for the hospitality industry in Asia-Pacific.

August 15, 2022 | 14:41

Secrets of the most special securities company in Vietnam

Techcom Securities’ (TCBS) leadership, with cutting-edge vision and execution muscle, has changed the course of the company over the last nine years since Nguyen Xuan Minh became chairman of the Board of Directors. VIR’s Tuan Khanh sat together with Minh and talked about his path, vision, and success story.

August 04, 2022 | 01:31

Promoting gender equality & enhancing women's economic empowerment

Vietnarn's national strategy on gender equality for the 2021-2030 period sets a target that by 2025, 60 per cent of state management ageneies and local governments at all levels will have female key leaders.

Green Growth

Energy Efficiency Rethinking Plastics

Vietnam aggressively implementing the Paris Agreement

Packaging provider SIG reinforces sustainability commitment in Asia

Vietnam’s offshore wind realm remains in a muddle

Vietnamese female entrepreneurs take the lead in boosting green growth

Green Growth March 31, 2023 | 19:06

Vietnam aggressively implementing the Paris Agreement

Vietnam integrating solutions to mitigate the effects of climate change, with the aim of achieving net-zero emissions by 2050.

Green Growth March 30, 2023 | 18:39

Packaging provider SIG reinforces sustainability commitment in Asia

Through its 25 years of sustainability journey in Asia, Switzerland-headquartered aseptic packaging solutions provider Schweizerische Industrie Gesellschaft (SIG) has been making ambitious sustainability commitments. Angela Lu, president and general manager Asia Pacific South at SIGdiscussed with VIR’s Luu Huong how SIG facilitates the consumer’s need for convenience, and how sustainable packaging is becoming a key focus for sustainability.

Green Growth March 30, 2023 | 14:38

Development pace picking up in energy

Wealthy foreign investors in energy are expanding their long-term strategies in Vietnam while many ongoing projects that missed the feed-in tariff deadline are struggling to find a revenue balance.

Green Growth March 30, 2023 | 11:12

Vietnam’s offshore wind realm remains in a muddle

The strategy for renewable energy development being in limbo is holding back offshore wind power prospects in Vietnam.

PwC March 27, 2023 | 18:27

Innovative low-carbon projects join UK's climate finance scheme

Nine low-carbon Vietnamese initiatives have been chosen to take part in the first wave of the UK government's $14.4 million climate finance scheme.

Green Growth March 27, 2023 | 15:57

Vietnamese female entrepreneurs take the lead in boosting green growth

Vietnamese female entrepreneurs discussed their roles in promoting trends in sustainable development and ESG at a seminar held on March 25.

Most viewed

Property

Green Buildings Industrial Properties

Core5 Vietnam breaks ground on second industrial project in Quang Ninh

Property March 31, 2023 | 19:03

Hospitality industry looks to level up

Savills Hotels hosted more than 40 speakers to conduct lively discussions with hotel industry experts in Ho Chi Minh City on March 30.

Property March 30, 2023 | 18:33

Core5 Vietnam breaks ground on second industrial project in Quang Ninh

Core5's project is expected to deliver a total of 69,000 square metres of world-class, ready-built industrial space for lease in March 2024.

Green Buildings January 09, 2023 | 07:15

Phuc Khang Corporation's CEO attains new green building accolades

Phuc Khang Corporation and its CEO Luu Thi Thanh Mau have been bestowed with further accolades for work on green building development in Vietnam.

Industrial Properties March 30, 2023 | 18:33

Core5 Vietnam breaks ground on second industrial project in Quang Ninh

Core5's project is expected to deliver a total of 69,000 square metres of world-class, ready-built industrial space for lease in March 2024.

Money

Insurance Smart Payment Trends Stock Monitor

Patience favoured before action on USD deposit interest rates

Money March 30, 2023 | 15:30

Sci-tech firms finding it hard to borrow

Science and technology firms are still finding it hard to acquire bank loans, even though they are categorised among priority groups to borrow.

Money March 29, 2023 | 15:00

Patience favoured before action on USD deposit interest rates

Although foreign businesses have proposed a removal of the zero USD deposit interest rate, insiders say the central bank’s hands are currently tied.

Insurance March 22, 2023 | 17:33

Generali named insurer with best customer experience in Vietnam

Generali Vietnam has reaffirmed its position as market leader in customer experience at the 22nd Golden Dragon Awards.

Insurance March 17, 2023 | 12:01

Generali Group touts best-ever operating results in 2022

Generali achieved its best operating results in 2022 with continued growth in premiums and net results, putting it in an extremely solid capital position.

Smart Payment Trends March 02, 2023 | 16:55

Five trends driving small business success in 2023

Jeni Mundy, Senior Vice President, Global Head of Merchant Sales & Acquiring at Visa points out five trends driving small business success in 2023.

Smart Payment Trends February 27, 2023 | 14:25

Visa renews partnership with Ho Chi Minh City Department of Transport

Visa, the world’s leader in digital payments, has renewed its MoU with Ho Chi Minh City Department of Transportation to transform urban mobility across the city.

Infographics

Infographics March 24, 2023 | 10:01

Ha Long Bay, Cu Chi Tunnels among ten adventurous tourism places in Southeast Asia

The travel magazine The Travel has listed Ha Long Bay in the northern coastal province of Quang Ninh and Cu Chi Tunnels in Ho Chi Minh City among the ten must-visit epic and adventurous places in Southeast Asia.

Infographics March 16, 2023 | 16:01

Vietnamese cuisine sets five world records

For the first time, Vietnam has five culinary world records recognised by both the World Records Union (WorldKings) and the World Records Association (WRA).

Timeout

Travel Hotels & Restaurants The Insider Entertainment Lifestyle

Timeout March 31, 2023 | 16:33

Visa extension proposal to help boost tourism: Insiders

The Government has agreed to propose to the National Assembly some new policies relating to the immigration, transit and residence of foreigners in Vietnam, including one on a visa extension to 90 days.

Timeout March 27, 2023 | 10:18

Visa upgrade at heart of fresh approach to tourism

Vietnam’s tourism industry is expected to surpass its goal of welcoming eight million foreign visitors this year, if visa policies are updated and length of stay options adjusted.

Timeout March 23, 2023 | 11:25

Visa exemption means international tourists can visit Phu Quoc for up to 30 days

Phu Quoc Island is an ideal choice for long-term relaxation thanks to a visa exemption policy for international visitors and temporary stays of up to 30 days.

Timeout March 22, 2023 | 15:54

Tourism in Vietnam can achieve more

At VIR's roundtable today, experts agreed that Vietnam has yet to reach its potential as they shared suggestions on how to boost tourism.

Hotels & Restaurants March 31, 2023 | 11:31

Grand Mercure Hanoi opening marks brand debut in the capital

Accor is celebrating the opening of Grand Mercure Hanoi, a new premium hotel with world-class amenities.

The Insider March 06, 2023 | 09:38

Preserving traditional values through fashion

Renowned Japanese designer Kobayashi Eiko, founder of non-profit organisation Be-Japon, discussed with VIR’s Thai An about culture as symbolised in unique costumes that combine the typical traditional features of the Japanese kimono and Vietnamese ao dai.

Lifestyle March 29, 2023 | 10:38

Tending daffodils is an elegant aspect of Hanoian culture

Growing daffodils has always been a stylish tradition in Hanoi, but this hobby has become more common among flower lovers in the modern day.

Entertainment March 28, 2023 | 15:35

Exhibition of late painter Buu Chi at Ana Mandara Villas Dalat

An exhibition to commemorate the late painter Buu Chi is being held at the Ana Mandara Villas Dalat Resort & Spa from March 26 to May 26.

Videos

Vietnam ranks 65th in world happiness report

Roundtable: Seeking a boost for inbound tourism

Digital Transformation – Faster, Smarter, Greener

Vietnam’s FDI projected to reap up to 38 bln USD in 2023

Great experience of Australian Ambassador Andrew Goledzinowski when going to Tet market in Hanoi

Lawmakers approve appointment of two Deputy PMs

Live: “ESG: the Key for Sustainable Development”

Roundtable: ‘Building small airports for local economy take-off’

Phu Quoc voted among top 10 resort islands in Asia

VIR talk show to discuss digital talent and transformation in banking

End of the line

Sports

Sports March 29, 2023 | 16:04

Doha Cup 2023: Vietnam"s U23 football team return home with "empty hand"

Vietnam’s U23 team left Doha Cup 2023 with an "empty hand" after a close loss to their Kyrgyz rivals on March 29 (Vietnam time).

Sports March 29, 2023 | 08:00

Olympic Run and Run for Peace launched in Hanoi

The capital city of Hanoi celebrated the 77th anniversary of the Vietnam Sports Day on March 27 by launching two events to promote sports among residents.

Sports March 24, 2023 | 16:01

Recycled plastic bottles used to make jerseys for Thai athletes at 32nd Sea Games

Thailand's official SEA Games jersey maker Grand Sport has released the collection of kits that Thai athletes would wear when competing at the upcoming 32nd SEA Games 2023 in Cambodia.

Sports March 24, 2023 | 15:56

SEA Games torch tours Hanoi

The 32nd Southeast Asian (SEA) Games torch was carried along several streets around Hoan Kiem Lake in the downtown of Hanoi, the first stop outside the host Cambodia in its tour of the10 ASEAN countries, on March 24 morning.

Photos

Hotels & Restaurants March 24, 2023 | 11:53

Muong Thanh captures New Year's splendour in the northwest

To commemorate the New Year holiday in the northwest, Muong Thanh Group is hosting a series of cultural events that reflect Vietnam's inherent splendour.

Photos March 22, 2023 | 18:14

VIR's roundtable: Seeking a boost for inbound tourism (photo)

VIR's roundtable discussion titled Seeking a Boost for Inbound Tourism kicked off on March 22 with insights and solutions to accelerate the recovery of international visits to Vietnam.

Photos March 17, 2023 | 15:06

Hanoi among Asia’s safest places for solo women travellers

The Singapore-based travel magazine Tripzilla has named Hanoi as one of the eight safest Asian destinations for women to travel alone.

Photos March 16, 2023 | 15:51

Village keeping ancient water puppetry afloat

Founded in the 11th century under the Ly Dynasty, the unique form of water puppetry in Dong Ngu village, Thuan Thanh district in the northern province of Bac Ninh continues to draw crowds today with charming shows created by master puppeteers.

Photos March 06, 2023 | 08:45

Kimono-Aodai fashion show highlights Vietnam-Japan friendship

More than 20 kimonos and ao dai made from antique kimono fabric were on show at a recent Kimono-Aodai fashion show.

Society

Swing for the Kids CSR

Vietnam, China"s Taiwan coordinate in verifying identity of victims drifting at sea

1.8 mln mobile subscribers with incorrect personal information to be locked from April 1

Society March 31, 2023 | 17:44

Vietnam, China"s Taiwan coordinate in verifying identity of victims drifting at sea

The Vietnam Economic and Cultural Office in Taipei will continue to closely coordinate with Taiwanese authorities and relatives of those who are believed to be missing to carry out identity verification procedures and necessary citizen protection measures, Deputy Spokeswoman of the Foreign Ministry Pham Thu Hang said on March 31.

Society March 31, 2023 | 17:31

1.8 mln mobile subscribers with incorrect personal information to be locked from April 1

Mobile service providers will block incoming calls for about 1.8 million subscribers with personal information failing to match the national population database beginning on April 1, the Ministry of Information and Communications’ Department of Telecommunications has announced.

Swing for the Kids April 18, 2022 | 08:23

Sustaining Vietnamese youngsters' scholastic ambitions

The organisers of the Swing for the Kids golf tournament continued raising funds for the Swing for Kids 2022 Scholarship Fund as well as an integrated auction.

Swing for the Kids April 16, 2022 | 21:01

Award-gala Swing For the Kids golf tournament garnered benevolent donors

The 15th Swing for the Kids charity golf tournament has concluded with nearly $105,000 raised by domestic and foreign donors.

CSR March 29, 2023 | 11:14

Herbalife Vietnam supports 64th Tien Phong Marathon National Championship

Herbalife Vietnam supported the 64th Tien Phong Marathon National Championship in Lai Chau from March 25 to 26.

CSR March 22, 2023 | 18:35

EM-Ventures seeks to help women in business

EM-Ventures is seeking to deploy its project more widely throughout the country to offer help to millions of potential Vietnamese businesswomen.

World News

High-level ASEAN seminar talks aligning policies for climate transition

ASEAN faces challenge in financial exclusion: Indonesian minister

Central banks in ASEAN discuss economic priorities

Forest fires, air pollution hit danger level in Laos

Air pollution remains alert in Thailand"s northern areas

World News March 31, 2023 | 17:21

High-level ASEAN seminar talks aligning policies for climate transition

As part of the first ASEAN Finance Ministers and Central Bank Governors’ Meeting (AFMGM) 2023 in Bali on March 30, Indonesia organised a high-level seminar themed “Aligning Policies for Climate Transition” to support the message of sustainable development, one of the ASEAN priority economic deliverables (PED) this year.

World News March 31, 2023 | 17:15