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

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

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'

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.
Vietnam's 2024 GDP growth forecast raised to 7 per cent Incentives ahead for pharma industry
Vietnam's 2024 GDP growth forecast raised to 7 per cent

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.
Incentives ahead for pharma industry

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.
MSD powers ahead with its sustainable development

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

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.
Pearl Polyurethane Systems opens new factory in Vietnam H&M launches first store in Hue
Pearl Polyurethane Systems opens new factory in Vietnam

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.
H&M launches first store in Hue

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.
Keppel sells stakes in Saigon Sports City and Saigon Centre

Keppel sells stakes in Saigon Sports City and Saigon Centre

Singapore's Keppel is divesting from Saigon Sports City and Saigon Centre.
Viettel CEO urges stronger support for international investment

Viettel CEO urges stronger support for international investment

CEO of Viettel Group has called for more government support to help Vietnamese businesses expand internationally.
Enabling environment expected for international pharma firms Vietnam reaches golden moment to capitalise on emerging technologies
Enabling environment expected for international pharma firms

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.
Vietnam reaches golden moment to capitalise on emerging technologies

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.
Consumers and dealer concerned about future of EVs

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.
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.
Latest EU business survey highlights benefits of trade deal

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.
Extending foreign investment projects in Vietnam: unravelling obstacles

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.
The promising future of Vietnam’s golf tourism

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

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.
Ninh Thuan’s renewable projects facing delays

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.
The SAFE Initiative aims to restore Vietnam's forests

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.
Norwegian Embassy issues report on Vietnam's offshore wind market

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

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.
Conference provides catalyst for Vietnam’s circular economy

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.
Giant real estate deals could see delayed plans reborn Land tax plans must solve speculation issue
Giant real estate deals could see delayed plans reborn

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.
Land tax plans must solve speculation issue

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 in Vietnam: Harnessing potential and advantages

Green buildings in Vietnam: Harnessing potential and advantages

Green building development is increasingly gaining momentum in Vietnam.
Warehouse and ready-built factory developers adopt ESG standards

Warehouse and ready-built factory developers adopt ESG standards

Warehouse and ready-built factory developers are increasingly adopting environmental, social, and governance (ESG) standards.
Rebuilding lives a priority in aftermath of Typhoon Yagi VPBank and JBIC sign $150-million credit line to finance green projects
Rebuilding lives a priority in aftermath of Typhoon Yagi

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

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.
Manulife Vietnam and Techcombank to end their exclusive distribution partnership

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

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.
Buy now pay later service launched on LOTTE Mart app

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.
Visa report shows top scams impacting consumers and businesses globally

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

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

Our 30-year journey in Vietnam
Vietnam's destinations that are absolute tourist magnets

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.
Vietnam a golden land for golf tourism

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.
Nestlé and VNAT announce new cooperation initiative

Nestlé and VNAT announce new cooperation initiative

Nestlé Vietnam and VNAT unveiled the 2024 cooperation programme aimed at promoting Vietnamese cuisine on October 1.
Hanoi awarded Asia's Leading City Destination

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.
Middle-class seeking luxury

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.
Indulge in nature at Muong Thanh Holiday Moc Chau

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.
Vietnam boosting efforts to entice international tourists

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.
Traditional mooncakes in demand this year

Traditional mooncakes in demand this year

The Mid-Autumn Festival mooncake is focusing on traditional flavours with eye-catching designs and packaging.
Wedge Holdings and SBNV expand licensed anime market in Vietnam

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.
Vietnam Sport Show 2024 to feature new highlights in late September

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.
2024 Vietnam Golf & Leisure Awards honour best golf destinations

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

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

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.
Proud islands in Gulf of Tonkin

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

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

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.
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.
HCM City approves 9 billion-USD Can Gio coastal urban development project Nha Trang Bay submarine services pilot programme extended to next March
HCM City approves 9 billion-USD Can Gio coastal urban development project

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.
Nha Trang Bay submarine services pilot programme extended to next March

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.
Empowering the next generation

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 2024 continues to empower Vietnam's future generations

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.
Wilmar CLV Group supports northern provinces in wake of typhoon

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.
Japfa Vietnam assists in typhoon recovery efforts

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.
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 Flooding greatly impacts Thai economy
RoK, Singapore to deepen AI, defence cooperation

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.
Thailand steps up crackdown on illegal foreign workers

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.
Japan to help ASEAN keep closer watch on greenhouse gas emissions

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.
Singapore: About 100 evacuated after condo fire

Singapore: About 100 evacuated after condo fire

A fire in a condominium unit in Buangkok, Singapore, led to the evacuation of about 100 people on October 6 night.
Cambodia promotes clean energy development

Cambodia promotes clean energy development

Phnom Penh – The Royal Government of Cambodia is focusing on boosting clean and renewable energy in alignment with sustainable development goals as evident in the group of power projects approved for the 2024-2029 period.
Flooding greatly impacts Thai economy

Flooding greatly impacts Thai economy

Thailand has been struggling with the onslaught of excessively heavy rains and floods in several northern provinces, which has caused huge economic losses.