Vietnam Investment Review

Feed producers seek alternative sources to save on costs

Many animal feed producers in Vietnam are snapping up domestic rice to replace imported equivalents, in the context of the rocketing increase in material prices and supply shortages.

Students who are flourishing at ISHCMC

It has been an amazing year for the International School Ho Chi Minh City’s class of 2022, with every IB Diploma student flourishing in their own way.

Digital business lines developing well

Major tech companies are looking to expand in Vietnam, on the back of strong hardware export and IT figures for the country's telecom industry so far this year.

Outbound tours to Europe rocked by passport tangle

A number of Vietnamese outbound travel companies have already been affected by the decision of some European nations to not recognise Vietnam’s new passports.
Manufacturing output continues to rise amidst signs of slowing growth

The Vietnamese manufacturing sector remained in growth territory at the start of the third quarter of the year, but there were some signs of demand softening.
National Strategy on Climate Change for 2050 approved

Hanoi - Deputy Prime Minister Le Van Thanh has signed a decision approving the National Strategy on Climate Change for 2050.

Storm Mulan weakens into tropical depression

MoIT recommends unfinished wind, solar farms negotiate energy prices

Vietnam's economic growth forecast at 7.5 pc in 2022: World Bank

Accuracy in SOE valuation must improve

Exports to the Americas eye strong rebound

Robust rebound in America post-pandemic has ushered in multiple opportunities to beef up export of Vietnam’s key products.

Building on the ASEAN Community

August 8 will mark ASEAN’s 55th anniversary of establishment and the end of last month marked 27 years since Vietnam joined the bloc. Minister of Foreign Affairs Bui Thanh Son writes about the journey of ASEAN development and Vietnam’s contributions to the organisation.

Vietnam spends $5 billion on coal imports

In the first seven months of this year, Vietnam spent over $5 billion to import coal for thermal power plants, up 123 per cent on-year.

Corporate

CEO Talk Biz Link GE Vietnam Values

Legalities in way of blockchain progress

Blockchain projects preferring long-term partnerships

Corporate August 12, 2022 | 09:49

Legalities in way of blockchain progress

To promote the development of blockchain technology and encourage businesses to proactively accelerate the digital transformation process, insiders deem it necessary to quickly complete the legal corridor for this new technology.

Corporate August 11, 2022 | 10:59

Blockchain projects preferring long-term partnerships

With the blockchain market showing signs of recovery and the amount of capital increasing sharply in recent weeks globally, investors are now more confident in seeking out stronger connections to move forward.

CEO Talk August 10, 2022 | 17:09

The key challenges ahead for a digital economic boom

Digital revenues in Vietnam are forecast to grow exponentially as the government continues to roll out new initiatives. Dwayne Ong, founder and CEO of Singaporean certification body CASUGOL, talked to VIR’s Bich Thuy about how Vietnam can address its primary challenges to ensure sustainable digital growth.

Biz Link August 10, 2022 | 12:25

Binh Minh Plastics honoured by Forbes Vietnam

Binh Minh Plastics JSC (BM PLASCO), an SCG member in Vietnam, was named as one of the 50 Best Listed Firms in 2022 by Forbes Vietnam.

Investing

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

Dong Nai powering up transmission grid development

Education investment dips increasingly into edtech

Investing August 11, 2022 | 08:29

Dong Nai powering up transmission grid development

Concerted efforts are gearing towards clearing the hurdles facing power transmission projects in the southern province of Dong Nai.

Investing August 10, 2022 | 16:57

Education investment dips increasingly into edtech

If previously, Singaporean education investors saw opportunities in opening new training facilities in Vietnam or joint training programmes with existing educational institutions, the market in recent times has witnessed the entry of more Singaporean funds into the edtech sector.

M&A August 10, 2022 | 16:29

Potential energy investors clamour for regulation clarity

The lack of an answer for feed-in tariffs and generally available infrastructure is slowing down the prospects of mergers and acquisitions in Vietnam’s renewables arena.

Outbound Investment August 02, 2022 | 12:09

Viettel Global posts impressive H1 profits

Following the growth momentum of the previous quarter, Viettel Global continued to post strong revenue and profit in the second quarter of the year.

Your Consultant

KPMG PwC RSM Vietnam ASL LAW ManpowerGroup Vietnam Indochine Counsel D.lion

Vietnam needs skilled workforce to become upper-middle-income economy by 2035: WB

Indochine Counsel August 10, 2022 | 15:59

Conforming to treaty via Law on IP

In the last few years, Vietnam has signed a certain number of international trade agreements which require Vietnam to accede to or approve the WIPO Copyright Treaty (WCT) within a prescribed time period.

Your Consultant August 09, 2022 | 22:00

Vietnam needs skilled workforce to become upper-middle-income economy by 2035: WB

Vietnam will need a skilled workforce to transform itself into an upper-middle-income economy by 2035, the World Bank has suggested in its recently-released report named “Taking Stock: Educate to Grow”.

KPMG August 01, 2022 | 14:41

KPMG discusses latest report Emerging Giants in Asia Pacific

Nguyen Trung Kien, director of KPMG Private Enterprise, talked with VIR’s Linh Le about the trends for startups.

PwC August 02, 2022 | 13:00

Empowered consumers prepared to make changes

The PwC June 2022 Global Consumer Insights Pulse Survey has found that consumers are continuing to adapt to supply chain disruptions and increasing inflation.

RSM Vietnam July 14, 2022 | 18:17

RSM Vietnam continues to transform to realise its vision

With the theme Transforming Together for Vision 2030, RSM encourages its people to collaborate to lead the way towards driving change and innovation.

ASL LAW August 03, 2022 | 15:09

ASL LAW successfully defends in lawsuit against circumvention of trade remedies

ASL LAW has successfully represented and protected the interests of two businesses that are not subject to anti-circumvention tax.

ManpowerGroup Vietnam June 21, 2022 | 17:54

Stakeholders seek sustainable strategies to retain workers

More than 200 business leaders and representatives from authorities met on June 14 to discuss sustainable strategies for attracting and retaining workers.

Indochine Counsel August 10, 2022 | 15:59

Conforming to treaty via Law on IP

In the last few years, Vietnam has signed a certain number of international trade agreements which require Vietnam to accede to or approve the WIPO Copyright Treaty (WCT) within a prescribed time period.

D.lion July 18, 2022 | 14:00

Passion is available to turn Vietnam into blockchain hub

Even if traditional entrepreneurs have a fantastic business idea, typical fundraising processes require significantly more effort, time, and money. William Do, CEO of HOBBIT Investment, explained to VIR’s Hoang Dan why fundraising in crypto may offer an alternative that is best suited for blockchain-related projects.

Opinion

CapitaLand Development enhances its operations

Ronald Tay

CEO of CapitaLand Development (Vietnam)

CapitaLand Development enhances its operations

Saravoot Yoovidhya

CEO of Thailand’s TCP Group

TCP Group delivering value

Attempting to balance green ideas with profit

Roongrote Rangsiyopash

President and CEO of SCG

Attempting to balance green ideas with profit

Boeing to increase its footprint in Vietnam's aviation market

Michael Arthur

President of Boeing International

Boeing to increase its footprint in Vietnam's aviation market

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

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.

August 02, 2022 | 16:05

Bringing benefits to business via diversity policies

Vietnam has made great strides in protecting the rights of lesbian, gay, bisexual, and transgender people, and with gay and lesbian people able to openly disclose their sexual orientation, evidence exists that this can only benefit society – even in an economic sense.

March 09, 2022 | 21:16

Contributing to Vietnam’s green energy shift (Emagazine)

With over 3,200km of coastline, Vietnam has huge potential for offshore wind power ventures. Stuart Livesey, senior director and head of Copenhagen Offshore Partners in Vietnam, explained to VIR about Vietnam’s wind power market and how the project he is involved in will contribute towards shaping the country’s offshore wind sector.

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.

Green Growth

Energy Efficiency Rethinking Plastics

Textile and apparel firms increasingly going green

Localisation the key for offshore venture victories

MoIT recommends unfinished wind, solar farms negotiate energy prices

National Strategy on Climate Change for 2050 approved

Vietnam has first JCM Eco Lease scheme project registered

Green Growth August 10, 2022 | 16:29

Potential energy investors clamour for regulation clarity

The lack of an answer for feed-in tariffs and generally available infrastructure is slowing down the prospects of mergers and acquisitions in Vietnam’s renewables arena.

Green Growth August 10, 2022 | 15:12

Textile and apparel firms increasingly going green

Going green increasingly becomes a trend among firms in the textile and apparel sector, with more units bolstering investment into greening production.

Green Growth August 10, 2022 | 14:00

Localisation the key for offshore venture victories

Investors are showing more ambition when it comes to high-quality offshore projects. Riccardo Felici, country manager for renewables consultants OWC Vietnam, told VIR’s Nguyen Thu about the challenges in the energy transition path and lessons for this country in particular.

Green Growth August 09, 2022 | 22:06

MoIT recommends unfinished wind, solar farms negotiate energy prices

The Ministry of Industry and Trade (MoIT) has asked the Prime Minister about the mechanism for ongoing solar power and transitional wind power projects to enjoy the incentive price.

Green Growth August 06, 2022 | 13:44

National Strategy on Climate Change for 2050 approved

Hanoi - Deputy Prime Minister Le Van Thanh has signed a decision approving the National Strategy on Climate Change for 2050.

Green Growth August 02, 2022 | 20:58

Vietnam has first JCM Eco Lease scheme project registered

An eco-lease solar power project is set to be implemented under cooperation between the Vietnamese and Japanese governments.

Most viewed

Property

Green Buildings Industrial Properties

Construction businesses expect rosier stock performance in H2

Property August 11, 2022 | 15:18

Construction businesses expect rosier stock performance in H2

Construction businesses are expected to benefit from a government programme and accelerated public investment, heralding rosier performance.

Property August 10, 2022 | 15:00

More green property trends incoming

Vietnam is one of the key markets for Singaporean investors who are interested in green real estate, smart cities, and high-tech logistics.

Green Buildings April 13, 2022 | 14:42

IFC subscribes to $44 million bond to promote green housing

On April 12, International Financial Corporation announced it had subscribed to a roughly $44 million bond to be issued by Nam Long Investment Corporation.

Industrial Properties August 08, 2022 | 13:53

Industrial real estate attracts foreign investors via M&A

Do Gia Long, deputy general director of Redsunland Investment JSC talks about the advantages of M&As, the barriers to them, and solutions to foster deals.

Money

Insurance Smart Payment Trends Stock Monitor

Maybank Securities predicts robust growth for H2 2022

Squeeze in allotted credit room for commercial banks

Money August 10, 2022 | 12:24

Maybank Securities predicts robust growth for H2 2022

The earnings growth of listed companies is predicted to pick up in the second half of the year according to Maybank Securities' latest report.

Money August 10, 2022 | 10:56

Squeeze in allotted credit room for commercial banks

The rapid expansion of credit and lending activities in the first few months of this year have prompted commercial banks to run out of credit lines, which had been temporarily allotted by the State Bank of Vietnam at the start of the year.

Insurance August 02, 2022 | 18:43

Manulife retains prime MDRT ranking in Vietnam

Manulife Vietnam retained its pole position in the MDRT 2022 rankings, reaffirming the insurer’s commitment.

Insurance July 30, 2022 | 14:46

Non-life insurance sees rosy first-half performance

The non-life insurance segment recaptured momentum, reaching double-digit growth in premium revenue in the first half of this year.

Smart Payment Trends August 08, 2022 | 09:46

Eco-friendly payment initiative launched by Visa

Digital payment giant Visa is boosting its contribution to promoting the prosperity of Vietnam towards sustainable development and a digital economy.

Smart Payment Trends August 04, 2022 | 16:57

Visa paving the way to an inclusive digital economy

Visa is empowering innovation in Vietnam, supporting consumers and businesses towards a digital economy.

Infographics

Infographics August 06, 2022 | 14:04

Vietnam’s overseas investment nears 358.76 million USD in first 7 months

In the first seven months of this year, Vietnam’s total investment abroad neared 358.76 million USD, or about 63 percent against the figure in the same period of 2021.

Infographics July 23, 2022 | 14:56

Top 10 hospitable tourist destinations in Vietnam in 2022

Vietnam's tourism sector officially entered the recovery stage after a long hiatus caused by the COVID-19 pandemic. Acknowledging an increase in demand of search for destinations, US-based online booking travel agency Booking.com announced top 10 most hospitable tourist destinations in Vietnam in 2022.

Timeout

Travel Hotels & Restaurants The Insider Entertainment Lifestyle

Timeout August 10, 2022 | 15:14

Outbound tours to Europe rocked by passport tangle

A number of Vietnamese outbound travel companies have already been affected by the decision of some European nations to not recognise Vietnam’s new passports.

Timeout August 09, 2022 | 22:46

Vietnam among Asia's best places for holiday: Australian travel magazine

Australian magazine Traveller has listed Vietnam among the eight "best places to go in Asia for a holiday."

Timeout August 06, 2022 | 14:46

Da Nang’s tourism promoted in India

A programme introducing Da Nang city’s tourism was held in New Delhi, India on August 4.

Timeout August 05, 2022 | 15:45

Vietnam Vacation Club lauches attractive products on Phu Quoc

Vietnam Vacation Club has launched two long-term vacation products, The Sea Holiday and The Sky Holiday, on Phu Quoc.

Hotels & Restaurants August 10, 2022 | 13:49

Gusto Thai Restaurant earns second Thai SELECT award

For the second year in a row, Gusto Thai Restaurant has been honoured with the Thai SELECT award.

The Insider July 06, 2022 | 11:15

Diversifying career opportunities for ethnic minority youths

Implementing vocational training programmes for young people in minority ethnic groups is an effective solution to improve their livelihoods.

Lifestyle August 01, 2022 | 12:37

AEON Vietnam kicks off AEON Ekiden 2022 in Hanoi

On July 31, AEON Vietnam launched the relay race series AEON Ekiden to coincide with the Vietnam-Japan cultural festival at AEON Ha Dong.

Entertainment August 10, 2022 | 12:38

Fostering Indonesia-Vietnam friendship through the love for motorbikes

Wonderful Indonesia Motorbike Touring 2022 has carried a special mission of promoting tourism and Indonesian micro, small, and medium-sized enterprises.

Videos

Cashless payments the way of the future for Vietnam

The Travel website suggests things to do in ancient Hoi An

Session 2: Opportunities and challenges for new investment channels

Session 1: Identify opportunities in traditional investment channels

Video clip launched to promote Vietnamese tourism

Talk show "Innovative Funds for Blockchain Startups"

Live: Talk show the path to smart factories in Vietnam

Live: Talk show "Innovative Solutions & Substitutes for Single-use Plastic towards Green Consumption"

Live: Talk show to discuss solutions on reducing plastics in retail and services

Vietnam approves strategy on foreign investment cooperation

Vietnam nominated in 10 categories at World Travel Awards 2022

Sports

FOTA Djinn Guild

Sports August 09, 2022 | 15:48

BRG Group expands efforts in major golf events

After backing the local golf industry for over two decades, BRG is now further increasing its efforts to turn Vietnam into a golf paradise.

Sports August 05, 2022 | 15:28

Herbalife supports Vietnamese athletes bound for 11th ASEAN Para Games

Herbalife Vietnam worked with the Vietnam Paralympic Association (VPA) to organise a send-off ceremony for hundreds of Vietnamese athletes, coaches, and cadres.

Sports August 05, 2022 | 14:48

How F1 is helping Vietnam strive for a sustainable future

F1 is moving towards its sustainable future: developing a fully sustainable fuel solution based on biomass fuel for 2026, alongside global sponsor ARAMCO.

Sports August 02, 2022 | 17:00

Man City, Liverpool renew title fight as Premier League clubs flex financial muscle

Premier League clubs have splashed an estimated £1 billion ($1.2 billion) in the arms race for new talent ahead of the start to the 2022/23 season on Friday, but champions Manchester City remain the side to beat.

Photos

Photos August 02, 2022 | 22:25

Market session of mountainous region re-enacted in Hanoi

The Vietnam National Village for Ethnic Culture and Tourism in Dong Mo, Son Tay of Hanoi regularly holds a market session for the mountainous region on weekends, which is a draw to visitors at home and abroad.

Photos July 26, 2022 | 09:52

Khanh Hoa - Phu Yen route: View from above

Dai Lanh lighthouse, Xuan Dai bay and Diep Son island in Khanh Hoa and Phu Yen provinces emerge majestically under the lens of Vietnamese travel blogger Ngo Tran Hai Anh. Most of the photos were taken by a drone to get wide-angle shots from a bird-eye view.

Photos July 23, 2022 | 15:03

Co Loa Citadel offers glimpse into past

Co Loa Citadel, 20km north of Hanoi, appears to be the oldest such structure in Southeast Asia. The citadel was built under the reign of King An Duong Vuong (around the 2nd century BC). Its name "Co Loa" is derived from the Sino-Vietnamese for "old spiral" as the structure is built in a spiral shape.

Photos July 08, 2022 | 16:26

Exploring Kieu Cave in Quang Binh province

The central province of Quang Binh, dubbed the “Kingdom of Caves”, has thrilled visitors with jaw-dropping caves such as Tu Lan and Ca Loi. The majestic beauty of the newly-opened Kieu Cave will also leave visitors in awe.

Photos June 16, 2022 | 17:33

Beauty of over 500-year-old tiled-roof bridge in Nam Dinh

The tiled-roof Luong Market Bridge in Hai Anh commune in Hai Hau district is among the most ancient and famous covered bridges in the northern province of Nam Dinh, dating back more than 500 years. It was erected late in the 15th century in an architectural style that features a house on top. It is popular among visitors, especially young people.

Society

Swing for the Kids CSR

Storm Mulan weakens into tropical depression

Vietnam reports 2,010 new COVID-19 cases on August 10

Society August 11, 2022 | 10:23

Storm Mulan weakens into tropical depression

Storm Mulan weakened into a tropical depression after entering the Gulf of Tonkin on August 10 night, according to the National Centre for Hydro-Meteorological Forecasting.

Society August 10, 2022 | 19:00

Vietnam reports 2,010 new COVID-19 cases on August 10

Vietnam recorded 2,010 COVID-19 cases on August 10, raising the national caseload to 11,353,573, according to the Ministry of Health.

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 August 10, 2022 | 12:33

SCG Chemicals and Long Son Petrochemicals join Vung Tau to plant trees

SCG Chemicals and Long Son Petrochemicals joined Vung Tau People’s Committee to plant 400 trees in the area of Nui Lon in the city.

CSR August 05, 2022 | 14:48

SANSE prepares youth for sustainable development

VIR's Phuc Gia Ngo talked to Nguyen Trang Linh, head of development at SANSE, to learn more about the organisation.

World News

ASEAN Committee in Cuba extends condolences over oil facility explosion

Thai government pumps money to save Thai Airways from bankruptcy

Thailand to import shrimps from Ecuador, India

Thai businesses eye expanding trade, investment in Cambodia

Malaysia’s inflation may hit double digits: Finance Minister

ASEAN heads of civil service meet in Hanoi

World News August 11, 2022 | 11:25

ASEAN Committee in Cuba extends condolences over oil facility explosion

The ASEAN Committee in Cuba (AHC) has offered condolences to the Cuban government and people over the human and assess losses caused by a massive blaze at an oil storage facility which started in Matanzas province on August 5.

World News August 11, 2022 | 10:59

Thai government pumps money to save Thai Airways from bankruptcy

Thai Airways International Pcl will receive key financial support from the government for its 80 billion (2.2 billion USD) capital-raising and debt-to-equity swap plan which is aimed at helping the carrier come out of bankruptcy, according to Bloomberg News.

World News August 11, 2022 | 08:00

Thailand to import shrimps from Ecuador, India

Thailand will import over 10,500 tonnes of sea shrimps this year to ease a shortage at processing plants under a decision made on August 8 at the first meeting of the shrimp board with 21 members representing the Government as well as shrimp farmers and processors.

World News August 09, 2022 | 22:23