Vietnam Investment Review

FIEs remain reluctant to take on stock listing

Despite the substantial contribution of foreign direct investment to Vietnam’s overall economy, the presence of foreign-led groups in the stock market remains disproportionately meagre and fails to reflect its true significance, experts point out.

Vietnam proposes stricter regulations for OTT apps like Zalo, Telegram

The burgeoning adoption of over-the-top (OTT) telecommunications services like Zalo, Viber, and Telegram poses a grave concern, as the existing legal framework fails to provide adequate governance, jeopardising the rights, safety, and security of users' sensitive information, according to the Ministry of Information and Communications.

Vietnam needs to modify policies to foster offshore wind power

Vietnam needs to implement a suitable policy to efficiently achieve its goal of producing 7GW of offshore wind power by 2030.

PM calls for early finalisation of Comprehensive Economic Partnership Agreement with UAE

Prime Minister Pham Minh Chinh received Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi of the United Arab Emirates (UAE) in Hanoi on June 5, calling on the UAE to work closely with the Vietnamese Ministry of Industry and Trade to soon finalise talks on the bilateral Comprehensive Economic Partnership Agreement (CEPA).
Job cuts continue for the leather and footwear industry

Due to a severe lack of orders, the leather and footwear industry has been compelled to once again scale back its labour force.
PM requests intensifying administrative reform, business climate improvement

Prime Minister Pham Minh Chinh on June 1 signed a document requesting all public agencies and localities intensify their work for effective administrative reform and business climate improvement.

TikTok probe’s findings expected in July: Deputy Minister

Vietnam's popular sour fish soup recognised among top ten by TasteAtlas

SBV Governor explains high lending rates, credit room management

High-end brands looking to invest in Vietnam

Vietnam's opens centre for digital transformation in the press

Vietnam debuted a centre to support the press to effectively implement the digital transformation goals as stated in the Strategy on Digital Transformation of the Press by 2025.

70,000 garment and textiles job cuts since January

In an effort to retain as much personnel as possible, textiles firms are attempting to reduce production costs by any means possible.

Thua Thien - Hue grants investment licences to nine projects

Since the beginning of the year, nine new projects have been granted investment licences by central Thua Thien - Hue province with a total investment of more than 2 trillion VND (85 million USD), according to a report by the provincial Department of Planning and Investment.

Corporate

CEO Talk Biz Link Vietnam Values

TikTok probe’s findings expected in July: Deputy Minister

FPT and Mila expand strategic partnership to advance responsible AI

Corporate June 06, 2023 | 15:26

TikTok probe’s findings expected in July: Deputy Minister

Findings of the probe into TikTok operation in Vietnam are expected to be announced in July, Deputy Minister of Information and Communications Nguyen Thanh Lam said on June 5 at the ministry’s monthly press briefing.

Corporate June 06, 2023 | 12:33

FPT and Mila expand strategic partnership to advance responsible AI

On June 2, FPT and Mila - Quebec AI Institute announced the renewal of a three-year strategic partnership agreement to promote responsible AI.

CEO Talk April 27, 2023 | 09:30

Cloud technology thriving in Vietnam

Werner Vogels, CTO at Amazon, spoke with VIR’s Bich Thuy about how future tech trends will impact digital transformation in the country.

Biz Link June 06, 2023 | 12:32

Data security – A top priority for digital economy development

Businesses, policymakers, and experts gathered at the Vietnam Security Summit 2023 on June 2 to discuss the importance of information security.

Investing

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

Da Nang improves investment attraction quality

Investing June 05, 2023 | 17:33

Da Nang improves investment attraction quality

The central city of Da Nang is working to build a business environment conducive for investors, based on the pillars of hi-tech industry, tourism and sea-based economy.

Investing June 05, 2023 | 17:18

Thua Thien - Hue grants investment licences to nine projects

Since the beginning of the year, nine new projects have been granted investment licences by central Thua Thien - Hue province with a total investment of more than 2 trillion VND (85 million USD), according to a report by the provincial Department of Planning and Investment.

M&A June 02, 2023 | 12:30

Foreign investors buying up local businesses

As they struggle with the growing burden, numerous businesses are offering to sell almost all of their properties and other assets.

Outbound Investment June 01, 2023 | 14:11

Vietnam's Direct Investment Abroad & in Myanmar debuts for first time

The launching of the book Vietnam's Direct Investment Abroad & in Myanmar will provide useful data for anyone looking to invest overseas.

Your Consultant

KPMG PwC RSM Vietnam ManpowerGroup Vietnam D.lion

Enhanced customer experience with AI-powered tech

Responding to the changes in the startup environment

Your Consultant June 06, 2023 | 08:00

Enhanced customer experience with AI-powered tech

With hyper-personalised digital banking apps, cashless transactions are becoming the new norm. We are seeing the emergence of digital financial advisors that are entirely capable of providing financial planning advice through automated algorithms. The rapid pace of digital transformation in the finance industry cannot be stopped.

KPMG June 05, 2023 | 14:19

Responding to the changes in the startup environment

Startups today face the daunting obstacles of scaling their businesses and proving their revenue models.

KPMG June 05, 2023 | 14:19

Responding to the changes in the startup environment

Startups today face the daunting obstacles of scaling their businesses and proving their revenue models.

PwC May 30, 2023 | 11:28

E-commerce competition: a story of past and future

E-commerce investment activities in Vietnam can be divided into three main phases. In the first phase, Vietnam’s e-commerce industry started from the mid-2000s to 2010 with early generations of e-commerce platforms such as Vat Gia, En Bac, Cho Dien Tu, and 123mua.vn.

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.

ManpowerGroup Vietnam May 29, 2023 | 16:06

The impressive changes in Vietnamese labour market

The official passage of the Law on Foreign Investment in Vietnam in 1987 is considered a historic turning point that contributes to attracting an increasing number of foreign-led enterprises into Vietnam over the years.

D.lion March 31, 2023 | 19:50

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.

Opinion

Werner Vogels

CTO at Amazon

Cloud technology thriving in Vietnam

Nokia laying groundwork for Vietnam’s digital economy

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?

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

Unilever promotes series of activities on environmental protection

Malaysians tend to use solar power in concern of power bills

AES Vietnam fosters regional talent through scholarships

Renewable energy investment challenges in Vietnam: risks and delays

Mondelez Kinh Do launches solar energy projects

Vinamilk receives BSI nod for carbon-neutrality efforts

Green Growth June 06, 2023 | 15:00

Unilever promotes series of activities on environmental protection

Unilever Vietnam is joining with the MoNRE to launch a campaign to clean up the environment by tackling plastic pollution and regenerating nature in Vietnam.

Green Growth June 06, 2023 | 14:30

Malaysians tend to use solar power in concern of power bills

More Malaysian households and businesses are installing solar photovoltaic (PV) panels in a bid to bring down monthly electricity bills.

Green Growth June 05, 2023 | 15:48

AES Vietnam fosters regional talent through scholarships

The AES Future Energy Scholarship has been awarded to five UPT civil engineering students.

Green Growth June 05, 2023 | 12:00

Renewable energy investment challenges in Vietnam: risks and delays

Minister of Industry and Trade Nguyen Hong Dien has noted that many investors have neglected procedures and violated regulations in their rush to meet the Feed-in-Tariff deadline.

Green Growth June 03, 2023 | 08:00

Mondelez Kinh Do launches solar energy projects

Mondelez Kinh Do Vietnam has announced solar energy projects at its Hung Yen and Binh Duong factories to help meet its net-zero by 2050 targets.

Green Growth June 02, 2023 | 17:48

Vinamilk receives BSI nod for carbon-neutrality efforts

Vinamilk has just received validation for its pioneering efforts in the Vietnamese dairy industry to establish carbon-neutral factories and farms.

Most viewed

Property

Green Buildings Industrial Properties

Vietnam's industrial rents are rising swiftly

Industrial Properties June 05, 2023 | 15:50

Vietnam's industrial rents are rising swiftly

Land and industrial infrastructure rental costs are increasing by approximately 10 to 15 per cent annually in Vietnam.

Property June 05, 2023 | 08:00

KCN Vietnam's proud development journey

Dinh Thanh Phuong, business development director at KCN Vietnam Group, shares some critical milestones in the company's development trajectory with VIR's Thanh Nguyen.

Green Buildings April 20, 2023 | 14:45

Enhancing resistance of buildings to natural disasters

IFC launched BRI on April 20 to help Vietnamese enterprises build climate-resilient building projects.

Industrial Properties June 05, 2023 | 15:50

Vietnam's industrial rents are rising swiftly

Land and industrial infrastructure rental costs are increasing by approximately 10 to 15 per cent annually in Vietnam.

Money

Insurance Smart Payment Trends Stock Monitor

Interest rate cuts alone deemed insufficient

Money June 06, 2023 | 15:00

Interest rate cuts alone deemed insufficient

Members of the business community and experts are weighing up the diverse aspects of interest rate reductions, focusing on measures to ensure future growth.

Money June 06, 2023 | 11:58

FIEs remain reluctant to take on stock listing

Despite the substantial contribution of foreign direct investment to Vietnam’s overall economy, the presence of foreign-led groups in the stock market remains disproportionately meagre and fails to reflect its true significance, experts point out.

Insurance June 05, 2023 | 15:56

Manulife Vietnam repays over $34 million in light of accusations

Manulife Vietnam has received thousands of complaints regarding allegations against it and SCB of insurance contract deception.

Insurance June 02, 2023 | 10:13

Generali confirms its extremely solid capital position

Generali has delivered strong profit growth in the first quarter of 2023 and confirmed its extremely solid capital position.

Smart Payment Trends June 05, 2023 | 11:53

Vietnam sees increase in Mobile Money users, reaching 3.9 million accounts

In Vietnam, the number of Mobile Money users has surpassed 3.9 million, with a notable concentration of over 2.7 million users in rural areas, mountainous regions, and remote areas, accounting for 69 per cent of the total user base.

Smart Payment Trends May 30, 2023 | 18:41

Kredivo enters into collaboration with OnePay

Kredivo, a leading buy now, pay later platform in Indonesia, has announced a partnership with OnePay.

Infographics

Infographics May 23, 2023 | 16:19

Vietnamese Phở among world’s 100 most popular dishes: TasteAtlas

Phở, a Vietnamese noodle soup sold on almost all street corners in Vietnam, has found itself in 34th place on a list of the 100 most popular dishes in the world compiled by international food magazine TasteAtlas.

Infographics May 19, 2023 | 09:30

Vietnam tops SEA Games 32 medal tally

Vietnam won 136 gold medals to secure the top spot in the medal tally as SEA Games 32 in Cambodia came to the final official day of competition on May 16. This is the first time Vietnam has finished first at a SEA Games edition not held on its home ground in the event’s 64-year history.

Timeout

Travel Hotels & Restaurants The Insider Entertainment Lifestyle

Timeout June 06, 2023 | 10:37

Ideal venue for meetings at The Secret Con Dao

Meetings and industry tourism has experienced rapid growth, providing an excellent chance to combine relaxation with networking and investment opportunities.

Timeout June 06, 2023 | 08:00

Legal synchronisation can unlock agro-tourism potential

Agricultural tourism is being blocked from thriving in Vietnam due to the inevitably loose legalities currently in play.

Timeout June 05, 2023 | 15:12

Vietnam's Top 10 international tourist markets

South Korea remains the largest international tourist market for Vietnam, while China has risen to second place after more than two months since reopening.

Timeout June 05, 2023 | 15:04

Difficulties on way out for Vietnam’s Visa policy

Changes in entry procedures and e-visa issuance, if approved, will improve the competitiveness of Vietnamese destinations.

Hotels & Restaurants June 06, 2023 | 10:37

Ideal venue for meetings at The Secret Con Dao

Meetings and industry tourism has experienced rapid growth, providing an excellent chance to combine relaxation with networking and investment opportunities.

The Insider June 05, 2023 | 15:25

The future of tourism in Vietnam new visa policies and beyond

The approval of the new visa policies by the National Assembly is a positive step to boost tourism by attracting more foreign visitors and increasing their spending and satisfaction. However, these policies alone are not sufficient to ensure the sustainable development of the industry.

Lifestyle June 06, 2023 | 15:16

Vietnam's popular sour fish soup recognised among top ten by TasteAtlas

Sour fish soup (locally known as canh ca chua), a very popular dish in Vietnamese daily meals, has been recognised, for the first time, among the top 10 Best Rated Fish Soups in the world by TasteAtlas, the home of local food, traditional restaurants, and authentic recipes.

Entertainment June 05, 2023 | 14:47

Danang hosts international Fireworks Festival

Danang International Fireworks Festival 2023 (DIFF 2023) is taking place from June 3 for a month, with the theme “Light up a borderless world”.

Videos

Vietnam shows significant improvement in business environment: EIU

Live: Stronger Investment Partnerships for a Thriving Vietnam

Roundtable: Removing bottlenecks - promoting the growth of the real estate market

Vietnam remains favourite destination for European firms: Report

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”

Sports

Photos June 06, 2023 | 12:31

PMs of Australia and Vietnam promote the power of sport to change girls’ lives

Prime Ministers of Australia and Vietnam Anthony Albanese and Pham Minh Chinh attended a girls’ football event on June 4.

Sports June 04, 2023 | 14:00

Vietnam Sport Economy Summit 2023

The Vietnam Sport Economy Summit 2023, organised for the first time, creates an open forum for the sports economy and signals a change in mindset in the future of sports business in Vietnam.

Travel June 02, 2023 | 11:21

Asian Tour Destinations welcomes pioneering BRG Da Nang Golf Resort

The BRG Da Nang Golf Resort, which broke new ground by hosting an Asian Development Tour event in Vietnam, has become a member of Asian Tour Destinations.

Sports June 01, 2023 | 15:08

Leon beat 'lucky' Los Angeles FC to take Champions League final lead

Mexican side Leon defeated Los Angeles FC 2-1 to take a slender advantage after the first leg of the CONCACAF Champions League final on Wednesday.

Photos

Photos June 06, 2023 | 12:31

PMs of Australia and Vietnam promote the power of sport to change girls’ lives

Prime Ministers of Australia and Vietnam Anthony Albanese and Pham Minh Chinh attended a girls’ football event on June 4.

Swing for the Kids June 01, 2023 | 16:06

The Charity Scholarship Award Ceremony was held by VIR in Ha Tinh and Nghe An provinces

The Charity Scholarship Award Ceremony was held by VIR in Ha Tinh and Nghe An provinces on May 18-19, and was part of the Party Committee of the Ministry of Planning and Investment's (MPI) annual working trip to Ho Chi Minh's hometown.

Photos May 19, 2023 | 10:47

Co To islands hold huge potential for tourism development

With 30 islets, Co To island district off Quang Ninh province is considered among the 10 most beautiful islands for tourism in Vietnam. The islets boast long coastlines, smooth white sand, spectacular landscapes and sea breezy cool temperatures.

Photos May 16, 2023 | 15:20

VIR honours investors who help make Vietnam an FDI success story (photo)

VIR has granted medals to honour the investors, businesses, and organisations that have contributed to making Vietnam a foreign direct investment (FDI) success story.

Photos May 08, 2023 | 15:31

Amazing natural beauty of Son Tra Peninsula

Located 10 km northeast of the centre of Da Nang city, Son Tra Peninsula covers an area of 4,390 ha and boasts diverse natural landscapes, a fresh climate, and convenient transportation links. The destination holds great potential for tourism development.

Society

Swing for the Kids CSR

Northern Vietnam lacking sufficient electrical power

Highlight June 06, 2023 | 14:59

Vietnam's opens centre for digital transformation in the press

Vietnam debuted a centre to support the press to effectively implement the digital transformation goals as stated in the Strategy on Digital Transformation of the Press by 2025.

Highlight June 05, 2023 | 17:17

Northern Vietnam lacking sufficient electrical power

The north of Vietnam is expected to see roughly two weeks of hot weather in June 2023, boosting the demand for electricity from the power grid.

Swing for the Kids June 01, 2023 | 16:06

The Charity Scholarship Award Ceremony was held by VIR in Ha Tinh and Nghe An provinces

The Charity Scholarship Award Ceremony was held by VIR in Ha Tinh and Nghe An provinces on May 18-19, and was part of the Party Committee of the Ministry of Planning and Investment's (MPI) annual working trip to Ho Chi Minh's hometown.

Swing for the Kids May 20, 2023 | 00:00

Underprivileged students supported in Ha Tinh and Nghe An

Almost 400 scholarships via Vietnam Investment Review were awarded to disadvantaged students to mark President Ho Chi Minh's 133rd birthday.

CSR June 06, 2023 | 12:35

BASF Vietnam and Think Playgrounds launch seventh public playground in Ho Chi Minh City

BASF Vietnam and Think Playgrounds have joined forces to inaugurate the seventh public playground in Binh Tan district.

CSR June 01, 2023 | 14:10

CapitaLand Development distributes school essentials to 1,400 students

CapitaLand Development (Vietnam) has distributed school essentials to about 1,400 students under the CapitaLand Hope School Programme.

World News

Indian government protects aircraft fleets from unscrupulous lessors

Singapore, US agree to enhance defence cooperation

Thailand promotes food waste disposal initiatives

Citi: Asia is a time machine to the future

World News June 06, 2023 | 14:26

Indonesia exports aircraft to Thailand

The Indonesian state-owned aircraft manufacturer, Indonesian Aerospace also known as PT Dirgantara Indonesia (PTDI), has handed over one NC212i aircraft to Thailand at Hatyai international airport.

World News June 06, 2023 | 14:22

Lao capital promotes electric vehicles

As fuel prices continue to rise, promoting electric vehicles (EVs) as well as installing charging stations in the capital Vientiane of Laos is considered a solution to reducing environmental pollution in the future.

World News June 05, 2023 | 17:18

Indian government protects aircraft fleets from unscrupulous lessors

Amidst the post-pandemic recovery of the aviation industry, many airlines around the world are heading into turbulent times caused by unscrupulous lessors.

World News June 05, 2023 | 16:55

Singapore, US agree to enhance defence cooperation

Singapore’s Defence Minister Ng Eng Hen had a meeting with his US counterpart Lloyd Austin at the Shangri-La Singapore hotel on June 2, during which the two sides affirmed their commitment to continue seeking opportunities to promote bilateral defence cooperation.

World News June 05, 2023 | 16:49

Thailand promotes food waste disposal initiatives

The Thai Organic Consumer Association (TOCA) is working with hotels in Phuket to initiate a food waste composting system, which is in line with the government’s Bio-Circular-Green Economic Model (BCG), in an effort to reduce increasing food waste in the context of tourism recovery in Thailand.

World News June 02, 2023 | 17:47

Citi: Asia is a time machine to the future

Citi has explored how Asia acts as a time machine that can transport other regions into a new world of commerce, entertainment, and healthcare.