Vietnam Investment Review

Chinese online marketplace giant Temu penetrates Vietnamese market

Chinese online marketplace giant Temu has launched in Vietnam and Brunei, bringing the e-commerce platform’s number of markets in Southeast Asia to five.

FTSE Russell keeps Vietnam on watch list for emerging market status

British analytics and data solution provider FTSE Russell has kept Vietnam on its watch list for possible reclassification to secondary emerging market status.

Vietnamese economy forecast to grow by over 6 per cent in 2024

Vietnam's economy continues to gain momentum, led by the recovery of export demand and overseas investment.

Vietnam has improved its business environment the most over the past 20 years

Vietnam is the most improved place to do business out of 82 countries, according to the EIU’s Business Environment Rankings.
ASEAN reinforces position as a top FDI recipient in developing regions

FDI inflows to ASEAN reached $230 billion in 2023.
European businesses maintain positive sentiment for Vietnam

European businesses maintain a positive sentiment despite the economic challenges posed by Typhoon Yagi, according EuroCham Vietnam's latest findings.

Manufacturing production suffers after Typhoon Yagi

Vietnam’s economy on track for 6.5 per cent growth despite Typhoon Yagi, says HSBC

Vietnam urges China to expand market access for agricultural products and strengthen trade ties

IMF predicts Vietnam's economic growth to reach 6.1 per cent in 2024

Vietnam's 2024 GDP growth forecast raised to 7 per cent

HSBC has raised Vietnam's 2024 GDP growth forecast from 6.5 per cent to 7 per cent.

Vietnam's e-commerce industry breaks new ground

Vietnamese e-commerce firms are poised to capitalise on new opportunities to strengthen their international presence.

Meta chief outlines how Vietnam can become an 'AI dragon'

Thao Griffiths, head of Public Policy Vietnam at Meta, speaks to VIR about Vietnam's AI potential.

Corporate

CEO Talk Biz Link PR Newswire

Corporate October 11, 2024 | 14:41

Vietnam's 2024 GDP growth forecast raised to 7 per cent

HSBC has raised Vietnam's 2024 GDP growth forecast from 6.5 per cent to 7 per cent.

Corporate October 10, 2024 | 17:04

Incentives ahead for pharma industry

Vietnam’s pharmaceutical industry has reached level three under the World Health Organisation’s classification, as the country can now produce some basic raw materials. However, it has yet to fully develop raw material production, as it cannot compete with imported materials.

CEO Talk September 28, 2024 | 08:00

MSD powers ahead with its sustainable development

The newly appointed managing director for pharma company MSD in Vietnam has reflected on the company’s decades-long presence in the country, as well as its bright prospects in delivering healthcare access and environmental sustainability here.

Biz Link October 11, 2024 | 10:59

Asia Pacific Enterprise Awards 2024 honour industry leaders and leading corporations in Vietnam

The Asia Pacific Enterprise Awards (APEA) 2024 honoured Vietnam’s inspiring business moguls and visionaries of inclusive entrepreneurship on October 3.

Investing

M&A Outbound Investment Investing in Haiphong

Pearl Polyurethane Systems opens new factory in Vietnam

Investing October 11, 2024 | 11:59

Pearl Polyurethane Systems opens new factory in Vietnam

Dubai-headquartered Pearl Polyurethane Systems, a chemical and plastic group, held an opening ceremony for a new factory in Dong Nai province on October 10.

Investing October 11, 2024 | 11:44

H&M launches first store in Hue

Global fashion retailer H&M announced the opening of its first store in Hue, marking its 14th store in Vietnam.

M&A October 02, 2024 | 13:36

Keppel sells stakes in Saigon Sports City and Saigon Centre

Singapore's Keppel is divesting from Saigon Sports City and Saigon Centre.

Outbound Investment October 04, 2024 | 17:48

Viettel CEO urges stronger support for international investment

CEO of Viettel Group has called for more government support to help Vietnamese businesses expand internationally.

Your Consultant

KPMG PwC RSM Vietnam D.lion Dentons LuatViet

Enabling environment expected for international pharma firms

Vietnam reaches golden moment to capitalise on emerging technologies

Your Consultant October 10, 2024 | 17:09

Enabling environment expected for international pharma firms

The draft amendment to the Law on Pharmacy plays a crucial role in promoting innovation and modernisation of the Vietnamese healthcare sector, especially in the context of international integration and the growing demand for improved healthcare quality.

Your Consultant October 08, 2024 | 10:55

Vietnam reaches golden moment to capitalise on emerging technologies

Vietnam is becoming one of the pioneering markets in rapidly adopting advanced technologies such as 5G and generative AI. Eric Yeo, country general manager of AWS Vietnam, spoke with VIR’s Bich Thuy about the market prospects ahead.

KPMG August 05, 2024 | 21:31

Consumers and dealer concerned about future of EVs

KPMG in Vietnam, in collaboration with EuroCham and Cho Tot Xe, has launched a report on the electric vehicle landscape.

PwC June 10, 2024 | 11:00

The next generation has what it takes

PwC last week launched its Global NextGen Survey report for Vietnam. Ng Siew Quan, Asia-Pacific Entrepreneurial and Private Business Leader for PwC Singapore; and Hoang Viet Cuong, Partner at Entrepreneurial and Private Business for PwC Vietnam, discussed with VIR’s Linh Le the key findings in the report.

RSM Vietnam April 01, 2024 | 09:24

Exciting automotive industry changes must be followed

The automotive and mobility industry is rapidly changing, driven by technological development and evolving consumer preferences. These transformations have given rise to a new era of innovation, where the boundaries of what is possible are being pushed to new heights.

D.lion July 31, 2024 | 16:24

Latest EU business survey highlights benefits of trade deal

A survey by the European Chamber of Commerce in Vietnam paints a nuanced picture of the EVFTA's impact.

Dentons LuatViet September 05, 2024 | 15:15

Extending foreign investment projects in Vietnam: unravelling obstacles

Vietnam's foreign investment faces obstacles due to complex and inconsistent legal procedures, especially in land use. Tran Duy Canh, managing partnerand Hoang Mai Khanh, trainee associate at Dentons LuatViet, highlight the need for policy reforms and increased transparency to strengthen Vietnam’s investment climate and draw more foreign investors.

Opinion

CMC Corporation: a pioneer in AI transformation

Nghi Son Refinery and Petrochemical remains committed to safety and stability

So Hasegawa

General director of Nghi Son Refinery and Petrochemical LLC

Nghi Son Refinery and Petrochemical remains committed to safety and stability

Japan's CADDi invests in Vietnam's fast-growing manufacturing industry

Daisuke Takei

CEO of CADDi Vietnam

Japan's CADDi invests in Vietnam's fast-growing manufacturing industry

Suntory PepsiCo breaks ground on its largest Asia-Pacific plant in Vietnam

Jahanzeb Khan

CEO and general director of Suntory PepsiCo Vietnam

Suntory PepsiCo breaks ground on its largest Asia-Pacific plant in Vietnam

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

October 09, 2024 | 16:56

The promising future of Vietnam’s golf tourism

The future of Vietnam's golf industry and golf tourism looks highly promising in the coming years

July 08, 2024 | 10:20

AIA leads the charge to healthier, longer, better lives

AIA Vietnam is navigating the promising yet challenging Vietnamese life insurance market under the helm of newly appointed CEO Andrew Loh

January 29, 2024 | 06:00

Innovation for future communities

Official development assistance can act as the playing field for nations. Vietnam is no exception, having benefited from such assistance over the years in the building of many structures and systems up and down the country.

January 24, 2024 | 15:32

SABECO: 2023 journey of community development

By continuously supporting the younger generation to develop its talents, and spending large sums on activities for its staff, SABECO is showing its relentless sustainable development efforts and making positive contributions to the community.

November 17, 2023 | 15:13

Fuelling Vietnam's enterprises with 5G

One of the first Southeast Asian nations to pilot 5G networks, Vietnam is now setting up the path to become home to one of the region’s first 5G-powered smart factories.

Green Growth

Energy Efficiency Rethinking Plastics BASF

Willingness to pay more for green products: a challenge for young people

Ninh Thuan’s renewable projects facing delays

The SAFE Initiative aims to restore Vietnam's forests

Norwegian Embassy issues report on Vietnam's offshore wind market

10 enterprises honoured at final round of 'Vietnam ESG Initiative 2024'

Conference provides catalyst for Vietnam’s circular economy

Green Growth October 09, 2024 | 17:03

Willingness to pay more for green products: a challenge for young people

There are many eco-friendly consumer products on the market, but their high cost has made many young people hesitant to spend money.

Green Growth October 08, 2024 | 11:47

Ninh Thuan’s renewable projects facing delays

Two solar power projects in Ninh Thuan are awaiting a revised implementation plan for an extension, while wind power projects have yet to begin construction.

Green Growth October 04, 2024 | 18:48

The SAFE Initiative aims to restore Vietnam's forests

The SAFE Initiative organised a Demo Day workshop on October 1 to highlight the plight of Vietnam's forests.

Green Growth October 04, 2024 | 17:49

Norwegian Embassy issues report on Vietnam's offshore wind market

The Royal Norwegian Embassy in Hanoi has issued a report on how to fast track an OSW supply chain in Vietnam.

Green Growth October 04, 2024 | 15:12

10 enterprises honoured at final round of 'Vietnam ESG Initiative 2024'

On October 3, the Agency for Enterprise Development under the Ministry of Planning and Investment and the United States Agency for International Development (USAID) organised the Vietnam ESG Initiative 2024 Award Ceremony.

Green Growth October 04, 2024 | 10:56

Conference provides catalyst for Vietnam’s circular economy

The Vietnam Circular Economy in Action (VCEA) Conference brought together top businesses and waste ecosystem stakeholders on October 2 in Ho Chi Minh City.

Most viewed

Property

Green Buildings Industrial Properties

Giant real estate deals could see delayed plans reborn

Land tax plans must solve speculation issue

Property October 10, 2024 | 21:00

Giant real estate deals could see delayed plans reborn

The real estate mergers and acquisitions outlook is becoming more exciting with several eye-catching deals in the last quarter of 2024, with the uptick expected to continue in 2025.

Property October 10, 2024 | 16:14

Land tax plans must solve speculation issue

The merits of a proposal to impose tax on those who own many houses, land plots, and unused properties in Vietnam are still being debated by both experts and homebuyers.

Green Buildings October 08, 2024 | 10:49

Green buildings in Vietnam: Harnessing potential and advantages

Green building development is increasingly gaining momentum in Vietnam.

Industrial Properties October 11, 2024 | 11:45

Warehouse and ready-built factory developers adopt ESG standards

Warehouse and ready-built factory developers are increasingly adopting environmental, social, and governance (ESG) standards.

Money

Insurance Smart Payment Trends Stock Monitor

Rebuilding lives a priority in aftermath of Typhoon Yagi

VPBank and JBIC sign $150-million credit line to finance green projects

Money October 10, 2024 | 17:20

Rebuilding lives a priority in aftermath of Typhoon Yagi

In the wake of Typhoon Yagi, addressing the tragic consequences and rebuilding efforts has become paramount, with crucial bank support and strategic advice from industry experts guiding the process.

Money October 10, 2024 | 15:10

VPBank and JBIC sign $150-million credit line to finance green projects

VPBank and the Japan Bank for International Cooperation (JBIC) signed a general agreement for a credit line totalling $150 million on October 9.

Insurance October 08, 2024 | 12:05

Manulife Vietnam and Techcombank to end their exclusive distribution partnership

Manulife Vietnam and Techcombank today announced updated information on their exclusive insurance distribution partnership in Vietnam.

Insurance October 03, 2024 | 14:35

General director of Shinhan Life Vietnam: Challenges offer pause for quality improvement

Bae Seung Jun, general director of Shinhan Life Vietnam, delves into the company’s strategy to enhance product and service quality, especially measures for monitoring sales teams to avoid risks and safeguard customers.

Smart Payment Trends September 30, 2024 | 18:18

Buy now pay later service launched on LOTTE Mart app

LOTTE C&F, the deferred payment service known as "Buy Now, Pay Later" (BNPL) under LOTTE Group, officially launched in the Vietnamese market on September 27.

Smart Payment Trends July 24, 2024 | 14:16

Visa report shows top scams impacting consumers and businesses globally

Visa released the spring 2024 edition of its Biannual Threats Report on July 24, outlining the top payment threats to consumers and businesses around the world.

Infographics

Infographics October 04, 2024 | 08:00

BASF Vietnam 30 years of creating chemistry. In Vietnam, with Vietnam

Our 30-year journey in Vietnam

Infographics August 30, 2024 | 08:44

Vietnam's destinations that are absolute tourist magnets

The Indian newspaper “Times of India” recently highlighted a series of famous destinations in Vietnam, calling them “magnets” for attracting tourists. Accordingly, Vietnam offers an appealing blend of stunning landscapes, historical sites, and a rich culture.

Timeout

Travel Hotels & Restaurants The Insider Entertainment Lifestyle

Timeout October 08, 2024 | 11:41

Vietnam a golden land for golf tourism

Vietnam is rapidly positioning itself as a premier golf destination in Asia, with supportive development policies adding to its attractiveness and creating a robust foundation for funding in golf course development.

Timeout October 02, 2024 | 15:43

Nestlé and VNAT announce new cooperation initiative

Nestlé Vietnam and VNAT unveiled the 2024 cooperation programme aimed at promoting Vietnamese cuisine on October 1.

Timeout September 04, 2024 | 16:54

Hanoi awarded Asia's Leading City Destination

Hanoi has been crowned Asia's Leading City Destination 2024 at the 31st World Travel Awards for Asia and Oceania.

Timeout September 04, 2024 | 10:25

Middle-class seeking luxury

Vietnam is emerging as a key market for luxury brands, driven by robust economic growth, an expanding middle class, and a rising number of ultra-wealthy individuals.

Hotels & Restaurants October 10, 2024 | 18:57

Indulge in nature at Muong Thanh Holiday Moc Chau

Muong Thanh Holiday Moc Chau Hotel offers an ideal combination of natural beauty and luxurious comfort for visitors seeking to explore the pristine landscapes of Moc Chau.

The Insider October 08, 2024 | 11:47

Vietnam boosting efforts to entice international tourists

Vietnam is widely known for its stunning natural landscapes, from the majestic Halong Bay to the charming ancient town of Hoi An and the picturesque highland regions.

Lifestyle September 16, 2024 | 19:28

Traditional mooncakes in demand this year

The Mid-Autumn Festival mooncake is focusing on traditional flavours with eye-catching designs and packaging.

Entertainment October 08, 2024 | 11:41

Wedge Holdings and SBNV expand licensed anime market in Vietnam

Wedge Holdings and its local distribution partner – Showa Brain Navi Vietnam (SBNV) – have introduced a range of licensed merchandise from two anime titles.

Videos

Conference Enablers for Digital Economy Development in Vietnam

[Conference] Empowering Innovation for Vietnam's Sustainable Healthcare

[Talk show] FED's interest rate cut scenario and its impact on the Vietnamese market

[Conference] Reducing Emissions in the Automotive Industry: All Roads Lead to Net Zero

[Conference] Tax Amendments to Promote Business Activities

[Talk show] Investment Pioneers for the Dual Transformation

[Conference] Scrutinising upcoming investment opportunities

[Talk show] Embracing AI for the Modern Media

VIR talkshow on the green-digital dual transition

Cai Mep listed among world’s 30 largest ports

My Khe on Asia’s most beautiful beach list: Tripadvisor

Sports

Sports September 21, 2024 | 10:27

Vietnam Sport Show 2024 to feature new highlights in late September

The Vietnam Sport Show 2024 will take place in Ho Chi Minh City from September 26 to 28, expecting to welcome 15,000 visitors.

Sports September 20, 2024 | 17:23

2024 Vietnam Golf & Leisure Awards honour best golf destinations

The 2024 Vietnam Golf & Leisure Awards were held on September 19 to honour the best golf destinations in Vietnam

Sports September 04, 2024 | 16:56

India's Rahil Gangjee shines at BRG Open Golf Championship in Danang

India's Rahil Gangjee has been crowned champion at the 2024 BRG Open Golf Championship in Danang.

Sports August 30, 2024 | 08:50

Nearly 150 golfers compete at BRG Open Golf Championship in Da Nang

The BRG Open Golf Championship Danang 2024 officially teed off on August 29 at the Legend Danang Golf Resort, bringing together 144 golfers from Vietnam and around the world to compete for a total prize pool of 100,000 USD.

Photos

Photos August 09, 2024 | 16:20

Proud islands in Gulf of Tonkin

With the dream of conquering the sea, since ancient times, Vietnamese people have settled in islands across the Gulf of Tonkin.

Photos July 26, 2024 | 10:40

Tens of thousands line up at night to pay respects to Party General Secretary Nguyen Phu Trong

As the night deepened, more and more people headed toward the National Funeral Hall at No. 5 Tran Thanh Tong in Hanoi on July 25. They stood orderly in lines stretching for kilometers, waiting for their turn to pay respects to Party General Secretary Nguyen Phu Trong.

Photos July 25, 2024 | 09:12

National mourning for Party General Secretary Nguyen Phu Trong: Respect-paying ceremony in Hanoi

The respect-paying ceremony of General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong is organised in the national mourning etiquette at the National Funeral Hall, No. 5 Tran Thanh Tong, Hanoi, from 7 AM to 10 PM on July 25 and from 7 AM to 1 PM on July 26, 2024.

Photos July 01, 2024 | 18:47

Lego factory on track for end of year

The $1.3 billion Lego factory in the southern province of Binh Duong is expected to be up and running by year-end.

Photos July 01, 2024 | 17:10

Inside BASF Vietnam's new office

BASF Vietnam has relocated its head office to Deutsches Haus Ho Chi Minh City.

Society

Swing for the Kids CSR

HCM City approves 9 billion-USD Can Gio coastal urban development project

Nha Trang Bay submarine services pilot programme extended to next March

Society October 08, 2024 | 15:56

HCM City approves 9 billion-USD Can Gio coastal urban development project

The Ho Chi Minh City People’s Committee has approved the planning for the Can Gio coastal urban area, which covers an area of 2,870 hectares and is projected to attract nearly 9 billion USD in private investment.

Society October 08, 2024 | 15:45

Nha Trang Bay submarine services pilot programme extended to next March

Deputy Prime Minister Tran Hong Ha has officially signed a directive extending the pilot programme for submarine services in Nha Trang Bay, the south-central province of Khanh Hoa.

Swing for the Kids October 09, 2024 | 17:31

Empowering the next generation

Helping underprivileged students has been the mission pursued by the annual charity golf tournament Swing for the Kids since its inception in 2007.

Swing for the Kids October 09, 2024 | 17:16

Swing for the Kids 2024 continues to empower Vietnam's future generations

Vietnam Investment Review’s Swing for the Kids 2024 charity golf tournament is set to kick off on October 12, continuing its mission to empower the dreams of Vietnam's future generations.

CSR October 08, 2024 | 18:00

Wilmar CLV Group supports northern provinces in wake of typhoon

Wilmar CLV Group announced a donation of VND7 billion ($291,666) to the Vietnam Fatherland Front Committee of Quang Ninh province.

CSR October 08, 2024 | 17:33

Japfa Vietnam assists in typhoon recovery efforts

Japfa Comfeed Vietnam Co., Ltd. (Japfa Vietnam) has reached out to customers and partners in northern provinces affected by Storm Yagi.

World News

RoK, Singapore to deepen AI, defence cooperation

Thailand steps up crackdown on illegal foreign workers

Japan to help ASEAN keep closer watch on greenhouse gas emissions

Singapore: About 100 evacuated after condo fire

Cambodia promotes clean energy development

World News October 09, 2024 | 16:18

RoK, Singapore to deepen AI, defence cooperation

The Republic of Korea (RoK) and Singapore discussed cooperation in artificial intelligence (AI), defence, and supply chain management during talks between Singaporean Prime Minister Lawrence Wong and visiting RoK President Yoon Suk Yeol on October 8.

World News October 09, 2024 | 16:08

Thailand steps up crackdown on illegal foreign workers

Authorities of Thailand are ramping up the crackdown on foreigners illegally working in the country, with a campaign launched by the Ministry of Labour to inspect workplaces employing migrant workers nationwide.

World News October 08, 2024 | 15:36

Japan to help ASEAN keep closer watch on greenhouse gas emissions

Japan plans to introduce a method of calculating greenhouse gas emissions to Southeast Asian countries, where international emissions measurement systems have not been fully developed, in the framework of the 44th and 45th ASEAN Summits and related meetings in Vientiane, Laos on October 8-11.

World News October 08, 2024 | 15:32