UOB trim GDP growth forecast for Vietnam

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

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

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.
Vietnam to expand petroleum stockpiles to 75-80 days of net imports Vietnam calls for more investment from LG
Vietnam to expand petroleum stockpiles to 75-80 days of net imports

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.
Vietnam calls for more investment from LG

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.
Nokia laying groundwork for Vietnam’s digital economy

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.
Newgen and FPT IS join hands on digitisation

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”.
Bayer accelerates innovation in Pharmaceuticals Livestock switch serves up dispute
Bayer accelerates innovation in Pharmaceuticals

Bayer accelerates innovation in Pharmaceuticals

Bayer has presented its progress in the transformation of its pharmaceutical business, focusing on accelerating innovative healthcare solutions.
Livestock switch serves up dispute

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.
Kredivo closes $270m Series D equity round

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.
Viettel Global's consolidated revenue exceeds $1 billion

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.
Developments for Vietnam to watch in midst of bank crisis Attracting more visitors to Vietnam
Developments for Vietnam to watch in midst of bank crisis

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.
Attracting more visitors to Vietnam

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.
Digital transformation needs private and public sector support

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

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 stays ahead of the changing business environment

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 Media & Solutions honoured at SME100 2022 Ceremony

D.lion Media & Solutions honoured at SME100 2022 Ceremony

D.lion honored at SME100 2022.
Nokia laying groundwork for Vietnam’s digital economy

Nokia laying groundwork for Vietnam’s digital economy

Qualcomm partners with Vietnam for 5G rollout

Qualcomm partners with Vietnam for 5G rollout

What might the Vietnamese economy look like in 2023?

What might the Vietnamese economy look like in 2023?

BASF's route towards a circular economy

BASF's route towards a circular economy

Accelerating digital transformation in Vietnam and the road to 5G

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.
Citi supporting Vietnam in connecting the global dots

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.
Radisson Hotel Group spearheading hospitality growth in Asia-Pacific

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.
Secrets of the most special securities company in Vietnam

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.
Promoting gender equality & enhancing women's economic empowerment

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.
Vietnam aggressively implementing the Paris Agreement Packaging provider SIG reinforces sustainability commitment in Asia Development pace picking up in energy Vietnam’s offshore wind realm remains in a muddle Innovative low-carbon projects join UK's climate finance scheme Vietnamese female entrepreneurs take the lead in boosting green growth
Vietnam aggressively implementing the Paris Agreement

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.
Packaging provider SIG reinforces sustainability commitment in Asia

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.
Development pace picking up in energy

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.
Vietnam’s offshore wind realm remains in a muddle

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

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.
Vietnamese female entrepreneurs take the lead in boosting green growth

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.
Hospitality industry looks to level up Core5 Vietnam breaks ground on second industrial project in Quang Ninh
Hospitality industry looks to level up

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.
Core5 Vietnam breaks ground on second industrial project in Quang Ninh

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.
Phuc Khang Corporation's CEO attains new green building accolades

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.
Core5 Vietnam breaks ground on second industrial project in Quang Ninh

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.
Sci-tech firms finding it hard to borrow Patience favoured before action on USD deposit interest rates
Sci-tech firms finding it hard to borrow

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.
Patience favoured before action on USD deposit interest rates

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.
Generali named insurer with best customer experience in Vietnam

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.
Generali Group touts best-ever operating results in 2022

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.
Five trends driving small business success in 2023

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.
Visa renews partnership with Ho Chi Minh City Department of Transport

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

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.
Vietnamese cuisine sets five world records

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).
Visa extension proposal to help boost tourism: Insiders

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.
Visa upgrade at heart of fresh approach to tourism

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

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.
Tourism in Vietnam can achieve more

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.
Grand Mercure Hanoi opening marks brand debut in the capital

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.
Preserving traditional values through fashion

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.
Tending daffodils is an elegant aspect of Hanoian culture

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.
Exhibition of late painter Buu Chi at Ana Mandara Villas Dalat

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

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).
Olympic Run and Run for Peace launched in Hanoi

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

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.
SEA Games torch tours Hanoi

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.
Muong Thanh captures New Year's splendour in the northwest

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

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.
Hanoi among Asia’s safest places for solo women travellers

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.
Village keeping ancient water puppetry afloat

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.
Kimono-Aodai fashion show highlights Vietnam-Japan friendship

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

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

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.
Sustaining Vietnamese youngsters' scholastic ambitions

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

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.
Herbalife Vietnam supports 64th Tien Phong Marathon National Championship

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.
EM-Ventures seeks to help women in business

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.
High-level ASEAN seminar talks aligning policies for climate transition ASEAN looks towards net zero emissions 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
High-level ASEAN seminar talks aligning policies for climate transition

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.
ASEAN looks towards net zero emissions

ASEAN looks towards net zero emissions

The Asian Development Bank (ADB) and ASEAN Catalytic Green Finance Facility jointly held the Southeast Asia Development Symposium themed “Imagining a net-zero ASEAN” in Indonesia’s Bali on March 30.
ASEAN faces challenge in financial exclusion: Indonesian minister

ASEAN faces challenge in financial exclusion: Indonesian minister

Indonesian Minister of Finance Sri Mulyani said on March 29 that financial exclusion remains a major challenge and also a crucial factor in ASEAN countries' economies, especially micro, small, and medium enterprises (MSMEs).
Central banks in ASEAN discuss economic priorities

Central banks in ASEAN discuss economic priorities

The ASEAN Central Bank Deputies Meeting (ACDM) took place on March 28 in Indonesia to discuss the priority economic deliverables (PEDs) in 2023.
Forest fires, air pollution hit danger level in Laos

Forest fires, air pollution hit danger level in Laos

Fires caused by farmers burning scrubland in preparation for crop planting across Laos have made authorities struggling to extinguish the fires as the hot weather continues.
Air pollution remains alert in Thailand"s northern areas

Air pollution remains alert in Thailand"s northern areas

Parts of the upper northern and northeastern areas of Thailand remained cloaked in hazardous levels of smoke haze on March 28 with the worst pollution still in Chiang Rai's Mae Sai district.