Nearly 43,000 online sellers under tax review

Nearly 43,000 online sellers under tax review

Vietnam's General Department of Taxation is reviewing over 42,000 businesses and individuals that sell good online.
MSD Animal Health acquires Elanco’s aqua business

MSD Animal Health acquires Elanco’s aqua business

MSD Animal Health has completed the acquisition of Elanco’s aqua business.
F&B businesses reluctant to embrace franchising

F&B businesses reluctant to embrace franchising

The F&B industry in Vietnam is continuing to play it cautiously when it comes to franchising.
The 2024 Youth Co:Lab Summit allows young people to shine Ericsson posts $1bn quarterly loss on Vonage write down
The 2024 Youth Co:Lab Summit allows young people to shine

The 2024 Youth Co:Lab Summit allows young people to shine

The 2024 Youth Co:Lab Summit, jointly organised by Citi Foundation and the UNDP, took place in the Philippines from June 26-28.
Ericsson posts $1bn quarterly loss on Vonage write down

Ericsson posts $1bn quarterly loss on Vonage write down

Swedish telecommunications equipment manufacturer Ericsson said Friday it had suffered a $1.0 billion quarterly loss after writing down the value of its purchase of US cloud-based communications operator Vonage.
"The Tao of Coffee" philosophy promoted by CNN

"The Tao of Coffee" philosophy promoted by CNN

"The Tao of Coffee", a philosophy initiated by coffee firm Trung Nguyen Legend, continues to be promoted globally by CNN.
Japan's Atsumi & Sakai announces establishment of new office in Ho Chi Minh City

Japan's Atsumi & Sakai announces establishment of new office in Ho Chi Minh City

Tokyo-based law firm Atsumi & Sakai announced the establishment of a new office in Ho Chi Minh City on July 9.
North-south high-speed railway to be completed by 2035 Southern motorways to start construction in December
North-south high-speed railway to be completed by 2035

North-south high-speed railway to be completed by 2035

The completion of the 1,541km north-south high-speed railway has been targeted for 2035.
Southern motorways to start construction in December

Southern motorways to start construction in December

The Tan Phu-Bao Loc and Bao Loc-Lien Khuong motorways, connecting localities in the key southern economic region, are planned to start construction in December.
METUB secures $15.5 million from Morgan Stanley-managed fund to bolster creative economy

METUB secures $15.5 million from Morgan Stanley-managed fund to bolster creative economy

Vietnamese startup METUB, which operates in the creative economy sector, has raised $15.5 million from a private equity fund managed by Morgan Stanley.
VinFast seeks $250 million loan from Indonesian banks for Subang Assembly plant

VinFast seeks $250 million loan from Indonesian banks for Subang Assembly plant

VinFast is seeking a loan of approximately $250 million from Indonesian banks to construct an assembly plant in Subang.
Speculation of Japan forex intervention after yen rally AI and data analytics shaping future of businesses
Speculation of Japan forex intervention after yen rally

Speculation of Japan forex intervention after yen rally

A surge in the yen triggered speculation among analysts on Friday that Japanese authorities may have again intervened in forex markets to prop up the ailing currency.
AI and data analytics shaping future of businesses

AI and data analytics shaping future of businesses

AI was first established in the 1950s without much traction, but the term truly burst onto the scene in 2022 due to the introduction of ChatGPT. AI and its potential were suddenly of great interest, especially in how it brings value to businesses and how it will change our lives. AI systems have the ability to teach themselves, organise, and interpret information, and make predictions based on the information. It is the hot topic of discourse globally, from conferences to coffee tables.
F88 optimises operational costs with KPMG

F88 optimises operational costs with KPMG

The F88 convenience financial store chain and accounting giant KPMG have signed a deal to optimise the efficiency of F88's 823 nationwide transaction offices.
The next generation has what it takes

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.
Exciting automotive industry changes must be followed

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.
DIGI-TEXX sets the standards in digital and business process outsourcing services

DIGI-TEXX sets the standards in digital and business process outsourcing services

Since its first entry in Vietnam 20 years ago, DIGI-TEXX Vietnam, A German-invested company, has positioned itself as a leading, most trusted tech company offering world-class digitally-based business process outsourcing (BPO) services.
EPLegal joins forces with Dentons LuatViet in Vietnam

EPLegal joins forces with Dentons LuatViet in Vietnam

PLegal, a leading Vietnamese law firm, has joined forces with Dentons LuatViet, enhancing client offerings across Vietnam and the ASEAN region.
Nghi Son Refinery and Petrochemical remains committed to safety and stability

Nghi Son Refinery and Petrochemical remains committed to safety and stability

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

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

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

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

Nam Long Group gears up to capture market

Nam Long Group gears up to capture market

AIA leads the charge to healthier, longer, better lives

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
Innovation for future communities

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.
SABECO: 2023 journey of community development

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.
Fuelling Vietnam's enterprises with 5G

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.
Igniting creativity: inside Sun Life Vietnam's innovative workspaces

Igniting creativity: inside Sun Life Vietnam's innovative workspaces

In its mission alongside embracing cultural and artistic expressions, Sun Life Vietnam pays special attention to cultivating creative workspaces to enhance the experiences of its staff, advisor and clients.
Public and private sector cooperate to boost sustainable forest development Samsung Electronics Vietnam to expand renewable energy procurement Excess rooftop solar power sales capped at 10 per cent of capacity Distinct methods on offer in energy arena Hanoi approves ambitious green bus plan Denmark to introduce world's first livestock carbon tax
Public and private sector cooperate to boost sustainable forest development

Public and private sector cooperate to boost sustainable forest development

The Ministry of Agriculture and Rural Development's Forestry Department and Suntory PepsiCo Vietnam signed an MoU on July 11 to develop the forest ecosystem.
Samsung Electronics Vietnam to expand renewable energy procurement

Samsung Electronics Vietnam to expand renewable energy procurement

Samsung Electronics Vietnam is on track to ramp up its climate action by expanding its procurement of renewable energy.
Excess rooftop solar power sales capped at 10 per cent of capacity

Excess rooftop solar power sales capped at 10 per cent of capacity

Deputy Prime Minister Tran Hong Ha has instructed the Ministry of Industry and Trade to present a plan for households to sell excess rooftop solar power.
Distinct methods on offer in energy arena

Distinct methods on offer in energy arena

Investors will have to weigh up which method to utilise now that a direct power purchase apparatus has come into effect.
Hanoi approves ambitious green bus plan

Hanoi approves ambitious green bus plan

Hanoi has approved an ambitious plan to transition its bus fleet to electric and green energy vehicles by 2035.
Denmark to introduce world's first livestock carbon tax

Denmark to introduce world's first livestock carbon tax

Denmark will introduce the world's first carbon tax on livestock, a unique measure designed to bring the Scandinavian country closer to its goal of carbon neutrality by 2045.
Retail properties see vacancies increase Capital flows strongly into industrial real estate
Retail properties see vacancies increase

Retail properties see vacancies increase

Several shopping centres have seen an increase in available leasing space despite the dynamic growth of F&B businesses.
Capital flows strongly into industrial real estate

Capital flows strongly into industrial real estate

As the economy is still facing difficulties, industrial real estate has become one of the most attractive sectors for investors.
Keppel corporates with FiCO Pan-United and Coteccons to explore sustainable concrete solutions

Keppel corporates with FiCO Pan-United and Coteccons to explore sustainable concrete solutions

Keppel Ltd., FiCO Pan-United Concrete JSC, and Coteccons Construction JSC signed a MoU on May 11 to explore the use of sustainable concrete in Vietnam.
Capital flows strongly into industrial real estate

Capital flows strongly into industrial real estate

As the economy is still facing difficulties, industrial real estate has become one of the most attractive sectors for investors.
Deposit interest rates continue to rise VPBank and IFC to offer $150 million to coffee exporters
Deposit interest rates continue to rise

Deposit interest rates continue to rise

Banks have continued to raise deposit interest rates to the highest levels seen in the past year, with some banks offering over 6 per cent per annum.
VPBank and IFC to offer $150 million to coffee exporters

VPBank and IFC to offer $150 million to coffee exporters

VPBank and IFC are to provide $150 million in supply chain financing for coffee-exporting companies in Vietnam.
PVI Insurance tops market for average labour productivity

PVI Insurance tops market for average labour productivity

PVI Insurance has been named the most reputable insurer in Vietnam for 2024.
Liberty Insurance reaffirms pioneering position as International General Insurer of the Year

Liberty Insurance reaffirms pioneering position as International General Insurer of the Year

Liberty Insurance Co., Ltd. won the International General Insurer of the Year at the Insurance Asia Awards (IAA) 2024 ceremony held in Singapore.
Visa and VNPAY strengthen partnership to advance contactless payments with VNPAY SoftPOS

Visa and VNPAY strengthen partnership to advance contactless payments with VNPAY SoftPOS

Visa is collaborating with VNPAY to enhance contactless payments via VNPAY SoftPOS.
“Middlescents” or Gen X spending outpacing other generations

“Middlescents” or Gen X spending outpacing other generations

"Middlescents" or Gen X, those born between 1965 and 1980 and making up over 31 per cent of the world's population, are outpacing other generations in spending.
GDP growth reaches 6.42 pc in first half

GDP growth reaches 6.42 pc in first half

Vietnam's economy grew by 6.42 pc in the first six months of 2024, slightly lower than the figure of 6.58 pc in the same time of 2022 within the 2020-2024 period.
FDI inflow into Vietnam reaches nearly 15.2 billion USD

FDI inflow into Vietnam reaches nearly 15.2 billion USD

Vietnam attracted nearly 15.2 billion USD in foreign direct investment (FDI) in the first six months of this year, a year-on-year increase of 13.1 per cent, according to the General Statistics Office.
Cuisine boosted by latest Michelin Guide

Cuisine boosted by latest Michelin Guide

The latest Michelin Guide Vietnam has stimulated the food and beverages industry and contributed to boosting demand and bringing the Vietnamese culinary scene closer to international tourists.
Danang makes global connection with festival

Danang makes global connection with festival

Returning to Danang this summer from June 8 to July 13, the Danang International Fireworks Festival (DIFF 2024) is entertaining visitors from all over the world.
Tourism to become truly spearhead, green industry by 2030

Tourism to become truly spearhead, green industry by 2030

Vietnam aims to turn tourism into a truly spearhead economic sector with green growth and world leading development capacity by 2030.
Quang Ninh sees tourism boom as summer starts

Quang Ninh sees tourism boom as summer starts

The northern province of Quang Ninh, which owns many tourist attractions from UNESCO-recognised World Natural Heritage Site of Ha Long Bay to beaches and islands, has seen a boom in tourism activities since the beginning of summer – the peak tourism season.
Alba Wellness Valley by Fusion receives industry nod

Alba Wellness Valley by Fusion receives industry nod

Alba Wellness Valley by Fusion has been named as one of Vietnam’s best upcountry hotels by an international travel magazine.
Michelin Guide’s role in stimulating culinary tourism

Michelin Guide’s role in stimulating culinary tourism

Vietnam has been rated as having some of the best cuisine in Asia, especially when it comes to street food. Gwendal Poullennec, international director of the Michelin Guide, talked to VIR’s Hoang Oanh about the latest additions to the guide’s list for Vietnam this year and its impact on the country’s culinary culture and tourism.
Cuisine boosted by latest Michelin Guide

Cuisine boosted by latest Michelin Guide

The latest Michelin Guide Vietnam has stimulated the food and beverages industry and contributed to boosting demand and bringing the Vietnamese culinary scene closer to international tourists.
Danang makes global connection with festival

Danang makes global connection with festival

Returning to Danang this summer from June 8 to July 13, the Danang International Fireworks Festival (DIFF 2024) is entertaining visitors from all over the world.
Great entertainers Spain bring much-needed thrills to Euro 2024

Great entertainers Spain bring much-needed thrills to Euro 2024

England and Spain face off in Sunday's Euro 2024 final after taking very different routes to Berlin in a tournament that has at times lacked for thrills.
How Spain have risen after dire decade to reach Euro 2024 final

How Spain have risen after dire decade to reach Euro 2024 final

After spending over a decade bogged down in disappointment, Spain waltzed their way back to football's peak by reaching Sunday's Euro 2024 final in Berlin.
England's decade of development has its reward in Euro 2024 final

England's decade of development has its reward in Euro 2024 final

England's progression to a first ever major tournament final on foreign soil at Euro 2024 is the fruit of a decade of work on a player development programme that has turned perennial underachievers into serial contenders.
Euro 2024 exit hard to take for Dutch coach Koeman

Euro 2024 exit hard to take for Dutch coach Koeman

Netherlands coach Ronald Koeman admitted his team's 2-1 Euro 2024 semi-final defeat against England on Wednesday was "hard to accept" after a controversial penalty decision and then a last-gasp Ollie Watkins goal left his team floored.
Lego factory on track for end of year

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.
Inside BASF Vietnam's new office

Inside BASF Vietnam's new office

BASF Vietnam has relocated its head office to Deutsches Haus Ho Chi Minh City.
Dreamy Hanoi during crape myrtle flower season

Dreamy Hanoi during crape myrtle flower season

In the early days of May, many streets around Hanoi are dyed purple by crape myrtle flowers, creating an incredibly romantic and peaceful scene.
Military parade celebrates 70th anniversary of Dien Bien Phu victory

Military parade celebrates 70th anniversary of Dien Bien Phu victory

A military parade took place on May 7 to celebrate the 70th anniversary of the historic victory of the battle of Dien Bien Phu.
Metro line 1 nears operation

Metro line 1 nears operation

The first metro line in Ho Chi Minh City, linking Ben Thanh Market in District 1 to Suoi Tien in Thu Duc, could be in operation by the end of the year.
Ho Chi Minh City faces rapidly ageing population with 12.5 per cent over 60 Hospitalisations on the rise among young people due to e-cigarette poisoning
Ho Chi Minh City faces rapidly ageing population with 12.5 per cent over 60

Ho Chi Minh City faces rapidly ageing population with 12.5 per cent over 60

Low birth and death rates, coupled with increased life expectancy, have accelerated Ho Chi Minh City's progression into an ageing population.
Hospitalisations on the rise among young people due to e-cigarette poisoning

Hospitalisations on the rise among young people due to e-cigarette poisoning

The number of hospitalisations due to electronic cigarette use has been increasing recently, with most cases involving young patients experiencing acute poisoning.
Swing for the Kids scholarships delivered to underprivileged students in Ha Tinh

Swing for the Kids scholarships delivered to underprivileged students in Ha Tinh

Swing for the Kids scholarships have been given to disadvantaged students in Ha Tinh city.
Scholarships awarded to students in Nghe An province

Scholarships awarded to students in Nghe An province

Scholarships worth VND100 million ($4,000) from the Swing for the Kids Foundation have been awarded to 100 disadvantaged students in Nghe An province.
Citi Vietnam planting trees as part of community goals

Citi Vietnam planting trees as part of community goals

Citi is serving communities through volunteer tree-planting campaigns.
Amway Vietnam and Ho Chi Minh Communist Youth Union join hands in community activities

Amway Vietnam and Ho Chi Minh Communist Youth Union join hands in community activities

Amway Vietnam and the Ho Chi Minh Communist Youth Union agree to cooperate on providing community support activities in the rural areas.
63 missing after Nepal landslide sweeps two buses into river Canada pledges $35.1 bn for Indigenous child welfare Germany to ban Chinese telecom giants from 5G network Ukraine says it seized cargo ship used for Crimea grain exports Indonesia landslide kills at least 23, leaves 35 missing Napoleon's pistols sold in France for 1.7 mn euros: auctioneers
63 missing after Nepal landslide sweeps two buses into river

63 missing after Nepal landslide sweeps two buses into river

At least 63 people were missing in Nepal on Friday after a landslide triggered by heavy monsoon rains swept two buses off a highway and into a river, authorities said.
Canada pledges $35.1 bn for Indigenous child welfare

Canada pledges $35.1 bn for Indigenous child welfare

The Canadian government on Thursday offered $35.1 billion (Can$47.8 billion) to repair the "broken" Indigenous child welfare system.
Germany to ban Chinese telecom giants from 5G network

Germany to ban Chinese telecom giants from 5G network

Germany said Thursday it will phase out the use of components from Chinese telecom giants Huawei and ZTE in its 5G networks in the coming years due to national security concerns.
Ukraine says it seized cargo ship used for Crimea grain exports

Ukraine says it seized cargo ship used for Crimea grain exports

Kyiv said Thursday that it had seized a foreign cargo ship and detained its captain, alleging that the vessel had illegally exported Ukrainian grain from the annexed Crimean peninsula.
Indonesia landslide kills at least 23, leaves 35 missing

Indonesia landslide kills at least 23, leaves 35 missing

A landslide at an illegal gold mine in Gorontalo province on central Indonesia’s Sulawesi island killed at least 23 people as of July 9 while 35 others are still missing.
Napoleon's pistols sold in France for 1.7 mn euros: auctioneers

Napoleon's pistols sold in France for 1.7 mn euros: auctioneers

Two pistols that Napoleon Bonaparte once intended to use to kill himself were sold in France on Sunday for 1.69 million euros ($1.8 million), the auction house said, with the government insisting that they stay in the country as national treasures.