Vietnam Investment Review

Unilever Vietnam’s efforts and achievements in driving gender equality

Unilever Vietnam has won the 2021 WEPs Awards for Gender-responsive Marketplace, underpinning its commitment to empowering one million Vietnamese women by 2025.

Construction of $2 billion Quang Ninh LNG plant kicked off

The Quang Ninh LNG power project launched construction on October 24.

HDBank honoured again as top company to work for

Ho Chi Minh City-based commercial lender HDBank has once again been named among the best companies to work for in the continent by HR Asia, an authoritative regional publisher in human resources.

Female billionaire Nguyen Thi Phuong Thao’s quotes inspire the community

Hailed with many beautiful words and several awards, SOVICO Group chairwoman Nguyen Thi Phuong Thao’s every idea and action has created positive and beneficial influence to the community amid the pandemic still affecting people around the world.
10-month FDI disbursement slightly down due to pandemic

While both newly- and additionally-registered capital soared by double-digits in the first 10 months, FDI disbursement decreased slightly during the period.
Billion-dollar projects removed from lineup of national investment projects

One energy project and three automotive projects will be removed from the list of projects calling for foreign investment in 2021-2025.

Hanoi tackles difficulties faced by foreign investors

COVID-19 vaccination certificate to be incorporated into ID cards

Hanoi accompanies with investors

Vietnam logs 4,150 new COVID-19 cases on October 7

Reaching more patients in Vietnam with quality cancer care

Privately-held Hung Viet Cancer Hospital has launched an integrated cancer care programme for a smooth journey as Vietnam sees an alarming rise in the cancer rate in recent years.

Hanoi rolls out red carpet for technology-led investors

With the capital’s orientations towards technology-driven economic development and new actions to support business recovery, more new opportunities are expected to come for potential investors in Hanoi.

Bank cements reputation as superlative financial brand

Vietnamese banking behemoth HDBank has entered the top 10 leading brands in the country, according to a new list published by Forbes Vietnam.

Corporate

CEO Talk Biz Link GE Vietnam Values

Tan Hiep Phat rises strongly thanks to bravery and creativity

Medtronic Vietnam recognised as one of Best Companies to Work for in Asia

Corporate October 27, 2021 | 11:32

Tan Hiep Phat rises strongly thanks to bravery and creativity

Tran Uyen Phuong, deputy CEO of Tan Hiep Phat Group talked with VIR’s Hai Yen about how the group handled the pandemic.

Corporate October 27, 2021 | 08:30

Medtronic Vietnam recognised as one of Best Companies to Work for in Asia

Medtronic Vietnam has been named as one of the Best Companies to Work for in Asia 2021 by HR Asia.

CEO Talk October 27, 2021 | 08:00

Female billionaire Nguyen Thi Phuong Thao’s quotes inspire the community

Hailed with many beautiful words and several awards, SOVICO Group chairwoman Nguyen Thi Phuong Thao’s every idea and action has created positive and beneficial influence to the community amid the pandemic still affecting people around the world.

Biz Link October 26, 2021 | 17:18

Airbus appoints new managing director for Vietnam

Tri-Mai Hoang has been appointed managing director for Airbus in Vietnam to oversee all Airbus activities in the country.

Investing

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

IPs with seaports will have the advantage in attracting new-generation FDI flows

$281.3 million expressway between Cao Lanh and An Huu waits for pre-feasibility approval

Investing October 27, 2021 | 12:25

IPs with seaports will have the advantage in attracting new-generation FDI flows

Shipping took the throne after COVID-19 disrupted the transport industry, while new FTAs are creating new opportunities for industrial real estate.

Investing October 26, 2021 | 17:23

$281.3 million expressway between Cao Lanh and An Huu waits for pre-feasibility approval

The MoT has been asked to appraise the pre-feasibility report of the first phase of the Cao Lanh-An Huu expressway.

M&A October 22, 2021 | 09:00

Range of sectors to feel impact of new transactions

Since the Law on Competition 2018 took effect two years ago, the Ministry of Industry and Trade has received 125 dossiers about economic concentration notifications, compared to the average 4-5 of these notifications annually from 2013 to 2017, according to the latest report by the Vietnam Competition and Consumer Authority.

Outbound Investment September 29, 2021 | 11:44

Vietnam eyes 32.4 per cent jump in outbound investment so far this year

In the first nine months, Vietnam pumped $572.3 million of total investment into new and supplemental capital ventures abroad, a 32.4 per cent jump on-year.

Your Consultant

KPMG PwC Indochina Capital RSM Vietnam ASL LAW Nam Dinh Vu IP ManpowerGroup Vietnam Indochine Counsel

The need for social housing in industrial zones is vital

Your Consultant October 21, 2021 | 17:49

The need for social housing in industrial zones is vital

In the context of the pandemic, manufacturing activities in industrial zones (IZs) became nearly impossible in some southern areas, which led to the disruption of the supply chain and a shortage of labour. One reason for this situation is that localities were not interested in developing social housing for workers.

Your Consultant October 19, 2021 | 19:00

Can COVID-19 serve as force majeure?

Global difficulties have forced businesses in Vietnam to delay implementation of export contracts with overseas partners. Tony Nguyen, senior partner, and Son Nguyen, associate of legal consultancy firm EPLegal write about the dilemma for local exporters, with contract delays inducing damages or waiver liabilities.

KPMG October 12, 2021 | 18:35

KPMG in Vietnam signs MoU with The Association of Chartered Certified Accountants

KPMG in Vietnam and ACCA Vietnam signed an MoU to collaborate in promoting the application of IFRS and the development of the accounting profession in Vietnam.

PwC September 27, 2021 | 22:14

PwC report: Time needed to implement IFRS 17 has increased

PwC’s IFRS 17 Health Check Survey 2021: Asia-Pacific shows fewer respondents think they can fully implement the reporting standard by the effective date.

Indochina Capital April 26, 2021 | 09:51

Bank and real estate giants team up

Indochina Kajima Development Ltd., a joint venture from Indochina Capital and Kajima Corporation, last week signed a strategic partnership with VietinBank with the aim to provide the market with innovative real estate that addresses both current and future demands.

RSM Vietnam September 27, 2021 | 10:15

A dedicated partner in client communication

RSM Vietnam would like to congratulate Vietnam Investment Review for always being a reliable companion of the firm and the business community in general.

ASL LAW September 27, 2021 | 17:12

Supporting policies in Vietnam’s social insurance

Currently, many enterprises face difficulties due to having to suspend business, reduce labour, or change business structure entirely in order to ensure production and maintain operations, and the problem of social insurance is often one of the more painful issues for them.

Nam Dinh Vu IP October 27, 2021 | 12:25

IPs with seaports will have the advantage in attracting new-generation FDI flows

Shipping took the throne after COVID-19 disrupted the transport industry, while new FTAs are creating new opportunities for industrial real estate.

ManpowerGroup Vietnam October 26, 2021 | 17:20

Employment security and the future of skills for Vietnamese workers in digital transformation

ManpowerGroup Vietnam and the Ministry of Labour, Invalids and Social Affairs on October 25 organised the webinar Digital Transformation: International Experience in Employment Security & the Future of Skills for Vietnamese Workers.

Indochine Counsel October 21, 2021 | 17:49

The need for social housing in industrial zones is vital

In the context of the pandemic, manufacturing activities in industrial zones (IZs) became nearly impossible in some southern areas, which led to the disruption of the supply chain and a shortage of labour. One reason for this situation is that localities were not interested in developing social housing for workers.

Opinion

Tran Uyen Phuong

Deputy CEO of Tan Hiep Phat Group

Tan Hiep Phat rises strongly thanks to bravery and creativity

Electrolux to empower green living by 2030

Tomasz Sypytkowski

General manager Vietnam of Electrolux

Electrolux to empower green living by 2030

Nguyen Thi Phuong Thao

SOVICO Group chairwoman

Female billionaire Nguyen Thi Phuong Thao’s quotes inspire the community

Michele Wee

CEO of Standard Chartered Vietnam

The power of finance in green recovery

Topics

Healthcare Platform Digital Transformation Human Capital 4.0 Healthcare SMART SUSTAINABILITY Sustainable Energy EVFTA & EVIPA PPP in Healthcare Empowering Women Drive ASEAN Forward

Emagazine

October 13, 2021 | 10:49

Green from the get-go: Gamuda Land’s blueprint for sustainable success in Vietnam

Transitioning to a circular, green economy is no walk in the park – it is a daunting task that requires collective efforts. Dennis Ng Teck Yow, general director of Gamuda Land Vietnam (Hanoi) explained to VIR’s Song Huong the sustainability journey of the Malaysian property developer and how it is making a better Vietnam.

July 13, 2021 | 10:49

Ambassadors of peace

With only around half a year left, Vietnam’s participation as a non-permanent member of the United Nations Security Council (UNSC) soon comes to end. Thus, it is time to take a look at the Vietnamese people who have contributed to the UN’s endeavour of securing peace in the war-torn Republic of South Sudan.

May 24, 2021 | 16:28

SABECO clears house at international beer awards to take local brand to the world

Overcoming hundreds of entries from across the globe, Vietnam's largest brewer SABECO has showed up strong at the Australian International Beer Awards, bringing the local brand into consumers’ minds across the globe.

April 09, 2021 | 07:00

Vietnam trekking tour wakes up all senses of veteran hotelier

Erwin R. Popov was born to be a hotelier with his family having a long tradition in hospitality management. He has worked for more than 35 years in the hotel industry. He has traveled to 128 countries around the world.

March 30, 2021 | 13:46

Vibrant Central business districts Phu My Hung – The 2nd Central business districts of Ho Chi Minh City

Cardinal Court, the latest residential development by Phu My Hung, is promising to bring enormous benefits for its residents thanks to its prime location in one of the most bustling central business districts.

Green Growth

Energy Efficiency Rethinking Plastics

Timber agreement marks a new chance for improved market access

Rice husks: From waste to new green energy

The women changing the face of energy in Vietnam

New climate change adaptation project launched

Green Growth October 25, 2021 | 18:04

Electrolux to empower green living by 2030

Tomasz Sypytkowski, general manager Vietnam, Electrolux shared the key pain points identified in the company's Global Report report.

Green Growth October 23, 2021 | 11:00

Timber agreement marks a new chance for improved market access

Earlier this month, the Office of the US Trade Representative (USTR) announced an agreement with Vietnam to resolve concerns that led to the initiation in October 2020 of a Section 301 investigation into Vietnam’s acts, policies, and practices related to timber imports.

Green Growth October 21, 2021 | 18:55

Rice husks: From waste to new green energy

Intensive efforts are underway to promote the sustainable use of rice husks and other biomass resources for electricity and heat production throughout Vietnam.

Coverage October 20, 2021 | 12:40

The women changing the face of energy in Vietnam

Many women are leading and motivating the country’s business community in its development, embodying Vietnam’s power and serving as role models for today’s youngsters.

Highlight October 20, 2021 | 11:00

Promises must be kept in climate fight

The COP26 summit will bring the world together to accelerate action on the Paris Agreement and the UN Framework Convention on Climate Change.

Green Growth October 16, 2021 | 12:17

New climate change adaptation project launched

The UNDP, MARD, and five provinces launched a Green Climate Fund to fund a $30 million climate change adaption project to strengthen smallholder agriculture.

Property

Green Buildings Industrial Properties

Fitch affirms Phat Dat’s issuer default rating at ‘B’ with stable outlook

High-class amenities elevate value of Aqua City

Property October 26, 2021 | 09:23

Fitch affirms Phat Dat’s issuer default rating at ‘B’ with stable outlook

Fitch assigned a long-term issuer default rating of ‘B’ to Phat Dat Real Estate Development Corporation for its healthy financial indicators and strong growth.

Highlight October 26, 2021 | 08:44

High-class amenities elevate value of Aqua City

Real estate projects with complete amenities for living, playing, shopping, and working on the spot are expected to flourish in the coming years.

Green Buildings October 24, 2021 | 16:06

Promotion of energy efficiency in residential and commercial buildings

The MoC and the UNDP co-organised a conference to announce the final results of the EECB project and discuss the future of energy-efficient and green buildings.

Industrial Properties October 21, 2021 | 08:00

Industrial zone sub-areas attracting attention of buyers

Amid a slowly but steadily materialising recovery from social restrictions, real estate prices in the vicinity of Vietnam’s industrial zones are beginning to climb, heavily pushed by low supply.

Money

Insurance Smart Payment Trends Stock Monitor

Most Asian markets rise after Wall St record, earnings in focus

Money October 26, 2021 | 11:02

Most Asian markets rise after Wall St record, earnings in focus

Asian markets mostly rose on Tuesday following fresh records on Wall Street, with healthy corporate earnings overshadowing ongoing concerns about inflation, while progress in Washington on Joe Biden's big-spending economic plans also provided support.

Highlight October 26, 2021 | 11:00

Bank cements reputation as superlative financial brand

Vietnamese banking behemoth HDBank has entered the top 10 leading brands in the country, according to a new list published by Forbes Vietnam.

Insurance October 26, 2021 | 11:48

Liberty – the first non-life insurer in Vietnam cashes in twice at the Financial Services Awards 2021

On October 19, Liberty Insurance was proud to be the only insurance company in Vietnam honoured with two prestigious awards at the Financial Services Awards 2021 in Ho Chi Minh City. The company was honoured for its Liberty AutoCare ca insurance as the Non-life Insurance Company with outstanding Products and Services Innovation; and as the Non-life Insurance Company with the Highest Customers’ Satisfaction on Digital Experience.

Insurance October 14, 2021 | 11:38

Strategies sought by insurers after mixed bag in growth

Foreign corporations are gaining their momentum in Vietnam’s insurance market, with long-term commitments being paid off – however, the non-life insurance growth rate reached a decade-long record low.

Smart Payment Trends August 25, 2021 | 13:18

Smart payments increasingly gain ground among Vietnamese consumers

A recent Visa study showed that smart payments are gaining traction in Vietnam, focusing on small ticket purchases.

Smart Payment Trends July 21, 2021 | 17:26

Visa makes it a breeze to receive funds from abroad with Visa Direct

Visa has partnered with Vietnamese banks to make it easier for Visa debit card holders to receive inbound remittances using MoneyGram and Remitly.

Infographics

Infographics October 18, 2021 | 11:04

Vietnam to join world's top five seafood processing countries by 2030

The growth of processed seafood output in Vietnam will reach over 6 percent a year by 2030 under a national seafood processing development strategy for 2021-2030 which has been approved by the Prime Minister.

Infographics October 16, 2021 | 14:35

COVID-19 vaccination certificate to be incorporated into ID cards

Driver's license, social insurance, and COVID-19 vaccination certificate are among many documents to be incorporated into the new chip-based ID cards.

Timeout

Travel Hotels & Restaurants The Insider Entertainment Lifestyle

Timeout October 26, 2021 | 10:47

Vietnam honoured as Asia’s Leading Destination in 2021

Vietnam has won the title of Asia’s Leading Destination in the World Travel Awards (WTA) 2021.

Timeout October 19, 2021 | 22:37

Careful preparations made to meet passenger needs

Hoang Ngoc Thach, deputy head of commerce of Bamboo Airways, spoke to VIR’s Ha Anh about its plans to reopen flights and the solutions to ensure the safety of passengers.

Timeout October 18, 2021 | 11:18

Phu Quoc changes to better serve tourists, investors

Phu Quoc island in the southern province of Kien Giang is making it new to welcome tourists and investors as it plans to reopen its door to international tourists from this November.

Timeout October 16, 2021 | 15:01

Da Nang to host Routes Asia 2022

The Asian route development forum 2020 (Routes Asia 2022) will be held in the central city of Da Nang, with the municipal People’s Committee and Department of Tourism, and IPP Travel Retail being selected as the hosts of the event.

Hotels & Restaurants October 16, 2021 | 12:20

Thanh Hoa looks for investors for $265 million mineral hot spring resort urban project

The central province of Thanh Hoa is calling for investors for its mineral hot spring resort urban project with the total investment capital of VND6.1 trillion ($265.2 million).

The Insider October 09, 2021 | 08:00

Getting ready for visitor influx with pilots

With Vietnam looking to reopen for tourists, new vaccine passports and the gradual easing of travel restrictions are high on the agenda.

Lifestyle October 20, 2021 | 07:00

Unlocking untapped markets for female go-getters

Gender lens investing is gaining interest in Vietnam as more financiers and financial institutions adopt the strategy. Sarah Galeski, legal vice-chair of EuroCham’s Women in Business Sector Committee, and co-chair Roos IJsendijk talked with VIR’s Thanh Van about the shift in investment strategy to empower women.

Entertainment September 16, 2021 | 23:38

RoK tourism agency in Vietnam launches online dance contest amid COVID-19

The Vietnam Office of the Korean Tourism Organisation (KTO) has launched a dance contest with the participation of ITZY, a girl group of the Republic of Korea (RoK), on Tiktok video-sharing focused social networking service.

Videos

Vietnam on track to achieve 600 bln USD in foreign trade: Ministry

Six Vietnam resorts among Asia's 25 best: Condé Nast Traveler

Phu Quoc Island to welcome international visitors in November

Binh Thuan dragon fruit expected to get protected status in Japan

Vietnam’s GDP up 1.42 percent in nine months

HCM City’s master plan to 2040 focuses on climate change adaptation

President Nguyen Xuan Phuc visits Pfizer corporation

President holds bilateral meetings with foreign leaders in New York

Vietnam, Cuba enhance all-round ties

Hoi An enters top 15 cities in Asia

WHO: Vietnam Gov’t making tremendous efforts and mobilizing resources to fight pandemic

Sports

Sports October 26, 2021 | 10:40

Female boxer wins first WBO world belt for Vietnam

Nguyen Thi Thu Nhi has become Vietnam's first World Boxing Organisation champion after winning a WBO belt on October 23 in Ansan, the Republic of Korea.

Sports October 18, 2021 | 11:28

Vietnamese footballer wins AFC’s player of the month title

Vietnamese striker Nguyen Tien Linh has been named as player of October during the Asian Football Confederation (AFC)’s voting in the third round of the 2022 World Cup Asian qualifiers, the AFC said on October 17.

Sports October 08, 2021 | 10:00

Despite comeback, Vietnam lose to China in World Cup qualifier

Vietnam fell to a heartbreaking 2-3 defeat to China after a stirring comeback was foiled by a last-minute goal on October 7 night (local time) in Dubai, the United Arab Emirates (UAE).

Sports October 07, 2021 | 23:11

Vietnam reveal squad for AFC U23 Asian Cup qualifiers

Coaches of Vietnam’s U22 team on October 7 announced a lineup of 26 players who will take part in the 2022 AFC U23 Asian Cup qualifiers in Kyrgyzstan.

Photos

Coverage September 30, 2021 | 18:13

Businesses prepare for "new normal"

After more than four months of social distancing, enterprises are preparing to gradually resume operations and embrace the "new normal".

Photos September 22, 2021 | 16:58

First mobile market opens for people in green areas of District 5

On September 22, Ho Chi Minh City opened a mobile market to serve people in "green areas" who had been vaccinated in Ward 3, District 5.

Photos September 21, 2021 | 11:05

Ho Chi Minh City looking ahead with lockdown easing

Vietnam is step-by-step controlling the COVID-19 outbreaks and is starting to consider conditional easing of restrictions as the country shifts its focus to adapting to and living with the pandemic.

Photos September 17, 2021 | 20:20

Scanners equipped for city movement

Last week, Ho Chi Minh City lifted some restrictions on food and beverage services, providers of post and telecommunications, and suppliers of office computer accessories and school learning tools.

Photos September 14, 2021 | 00:00

Foreigners and Vietnamese join hands to help the poor

Amid the COVID-19 pandemic, there are people who silently sacrifice with the desire to help as many people as possible.

Society

Swing for the Kids CSR

Society October 27, 2021 | 08:00

Reaching more patients in Vietnam with quality cancer care

Privately-held Hung Viet Cancer Hospital has launched an integrated cancer care programme for a smooth journey as Vietnam sees an alarming rise in the cancer rate in recent years.

Society October 26, 2021 | 17:00

Unilever Vietnam’s efforts and achievements in driving gender equality

Unilever Vietnam has won the 2021 WEPs Awards for Gender-responsive Marketplace, underpinning its commitment to empowering one million Vietnamese women by 2025.

Swing for the Kids September 27, 2021 | 11:00

A positive approach with a deeper understanding

My predestined relationship with Vietnam Investment Review began around 27 years ago and started with a rejection. Graduating from the Faculty of International Journalism of the Moscow State Institute of International Relations in 1994, I was eager to return home and apply at VIR for my first job.

Swing for the Kids September 27, 2021 | 11:00

Keeping it simple in order to match giants of the press

One can take a wild ride down many alleyways when reading about the history of the press, particularly in regards to Britain’s famed print industry, but news always boils down to covering the essentials. VIR’s Ray McRobbie offers his take on what is the most important when it comes to publishing topical content.

Korea Agro-Fisheries & Food Trade Corporation donates 1,800 gifts to COVID-19 patients in Hanoi

CSR October 26, 2021 | 11:49