Vietnam Investment Review

Companies collaborate to support PV Power’s Nhon Trach 3 and 4

Citi, ING Germany, Export Credit Agency’s Korea Trade Insurance Corporation, K-SURE, and Swiss Export Risk Insurance have closed a half billion dollar loan for PV Power.

Ride-hailing company Gojek to exit Vietnam

Gojek, the on-demand, multiservice mobile platform, will close its Vietnam business effective September 16.

SK Group extends the put option for its long-term investment in Masan Group

SK Group and Masan Group (HSX: MSN) announced an agreement on September 4 to extend the timeline for SK Group's put option with Masan by up to five years.

Vietnam reports $20.5 billion in FDI in first eight months

Over $20.5 billion in FDI has been mobilised in the country this year so far.
Manufacturing growth remains elevated in August

Vietnamese manufacturers registered further expansions in production output and new orders midway through the third quarter.
Vietnam formulates policies to promote shift to EVs

Vietnam is gearing up to create more policies to encourage the sustainable development of the transportation sector, with a focus on electric vehicles (EVs).

Northwest Seaport Alliance expands global reach with new Vietnam representative

Vietnam to benefit as Indonesia increases rice import volumes

The 'Make in Vietnam' Awards are set to expand

Asia Pacific manufacturers prioritise digital transformation; struggle with innovation pace

Uneven credit growth registered in first eight months

Credit growth bounced back in August after a previous slowing.

Vietnam’s rice exports deliver strong yield

The country has strengthened its position as a major rice exporter as prices surge worldwide.

Prospects of Argentina-Vietnam trade and investment cooperation for 2024 and beyond: key drivers

The future of trade and investment cooperation between Argentina and Vietnam looks promising, presenting considerable opportunities for both nations. This optimism is based on the robust and historically strong bilateral relationship that Argentina and Vietnam have cultivated over the years.

Corporate

CEO Talk Biz Link Vietnam Values

Startup business models can be built centred on AI

Singaporean tech firms seek key expansions in Vietnam

Corporate September 07, 2024 | 11:15

Startup business models can be built centred on AI

Experts believe that while startups may face challenges in the initial phase, success could be more attainable if they build their business model around AI.

Corporate September 07, 2024 | 11:10

Singaporean tech firms seek key expansions in Vietnam

Singaporean businesses are seeking to expand opportunities in the data centres and ICT requirements in Vietnam. George Choo, president of the Association of Telecommunications and Technology Industry in Singapore, talked to VIR’s Bich Thuy about their future plans and the market prospects.

CEO Talk September 05, 2024 | 15:25

CEOs at listed firms earn $100,000 average salary

CEO remuneration at listed firms in the country was over $100,000 last year.

Biz Link September 05, 2024 | 08:00

Prospects of Argentina-Vietnam trade and investment cooperation for 2024 and beyond: key drivers

The future of trade and investment cooperation between Argentina and Vietnam looks promising, presenting considerable opportunities for both nations. This optimism is based on the robust and historically strong bilateral relationship that Argentina and Vietnam have cultivated over the years.

Investing

M&A Outbound Investment Investing in Haiphong

Investors need guidelines for IFC ambitions

Investing September 07, 2024 | 13:30

Investors need guidelines for IFC ambitions

Several foreign investors are eager to partner with the Vietnamese government to develop a financial centre in the country, but emphasise the need for more open and innovative mechanisms to make it happen.

Investing September 07, 2024 | 12:25

Big firms seeing potential in logistics

Many foreign companies are bolstering investments in Vietnam’s logistics market to tap into the burgeoning cross-border trade transportation.

M&A August 27, 2024 | 17:25

Dat Bike secures $4 million convertible loan

InfraCo Asia announced on August 26 that it has provided a $4 million convertible loan to Vietnamese electric two-wheeler manufacturing company Dat Bike.

Outbound Investment August 28, 2024 | 17:00

Viettel Global posts revenue growth of 25 per cent in H1

Viettel Global posted an impressive on-year increase of 25 per cent in its revenue from sales and service provision in the first six months of 2024.

Your Consultant

KPMG PwC RSM Vietnam D.lion Dentons LuatViet

Structural reforms needed for medium-term growth

Vietnam sustaining growth amidst shifting FDI trends

Your Consultant September 07, 2024 | 14:59

Structural reforms needed for medium-term growth

The Vietnamese economy is showing signals of recovery, growing from 5.66 per cent in Q1 to 6.93 per cent in Q2. Paulo Medas, mission chief for Vietnam at the International Monetary Fund (IMF), talked with VIR’s Thanh Tung about the outlook, with some headwinds staying ahead.

Your Consultant September 07, 2024 | 13:25

Vietnam sustaining growth amidst shifting FDI trends

Trade ties between the US and emerging market economies in the Asia-Pacific region are shifting from efforts to diversify supply chains out of China through “friendshoring” or “nearshoring”. Against this backdrop, Vietnam is among the Asia-Pacific markets relatively well-placed to gain from such shifts.

KPMG August 05, 2024 | 21:31

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.

PwC June 10, 2024 | 11:00

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.

RSM Vietnam April 01, 2024 | 09:24

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.

D.lion July 31, 2024 | 16:24

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.

Dentons LuatViet September 05, 2024 | 15:15

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.

Opinion

CMC Corporation: a pioneer in AI transformation

Nghi Son Refinery and Petrochemical remains committed to safety and stability

So Hasegawa

General director of Nghi Son Refinery and Petrochemical LLC

Nghi Son Refinery and Petrochemical remains committed to safety and stability

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

Daisuke Takei

CEO of CADDi Vietnam

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

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

Jahanzeb Khan

CEO and general director of Suntory PepsiCo Vietnam

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

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

July 08, 2024 | 10:20

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

January 29, 2024 | 06:00

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.

January 24, 2024 | 15:32

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.

November 17, 2023 | 15:13

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.

November 09, 2023 | 12:35

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.

Green Growth

Energy Efficiency Rethinking Plastics BASF

Solar power practicalities still to be ironed out following legislation change

Solar panel market under fire for foreign anti-dumping

Electricity legislation revamp in demand

CME and Vista Global sign rooftop solar energy agreement

Southeast Asia primed to play key role in growth of sustainable aviation fuel industry

Black & Veatch to explore carbon capture opportunities in Vietnam

Green Growth September 07, 2024 | 12:04

Solar power practicalities still to be ironed out following legislation change

Rooftop solar power initiatives continue to face obstacles in implementation, despite rules on self-produced and self-consumed solar power being built.

Green Growth September 07, 2024 | 11:58

Solar panel market under fire for foreign anti-dumping

Vietnam’s billion-dollar solar panel market is mostly dominated by foreign investors that face anti-dumping and countervailing duties.

Green Growth September 07, 2024 | 11:51

Electricity legislation revamp in demand

Legislators are beginning to pore over changes to the Electricity Law that could aim to attract private investors while ensuring transparency in both prices and supply.

Green Growth September 06, 2024 | 15:33

CME and Vista Global sign rooftop solar energy agreement

CME Solar Investment and Vista Global announced a partnership to promote rooftop solar energy in Vietnam on September 4.

Green Growth September 06, 2024 | 09:49

Southeast Asia primed to play key role in growth of sustainable aviation fuel industry

Southeast Asia's can supply approximately 12 per cent of global sustainable aviation fuel (SAF) demand to meet the aviation industry's net-zero goal by 2050

Green Growth September 04, 2024 | 11:23

Black & Veatch to explore carbon capture opportunities in Vietnam

US-based construction and engineering firm Black & Veatch is evaluating the feasibility and readiness of deploying carbon capture technology in Vietnam.

Most viewed

Property

Green Buildings Industrial Properties

Best results will come from eco-IP direction

Vietnam intent on realising green building aspirations

Property September 06, 2024 | 09:00

Best results will come from eco-IP direction

Although the initial investment cost is higher than the cost of building traditional industrial parks, developers are still encouraged to follow the strategy of building green industrial areas for long-term gains.

Property September 05, 2024 | 19:00

Vietnam intent on realising green building aspirations

Although the amount of social housing in Vietnam is still very modest, the government and investors are determined to develop green social housing to meet market trends.

Green Buildings August 28, 2024 | 12:47

More green buildings in Vietnam need to be realised

Vietnam needs to construct more green buildings to achieve its emission reduction goals, instead of focusing on winning green building recognition certificates.

Industrial Properties August 31, 2024 | 21:32

The trend of building large-scale ecological industrial zones at DEEP C

DEEP C

Money

Insurance Smart Payment Trends Stock Monitor

Standard Chartered Vietnam appoints first Vietnamese CEO

Money September 06, 2024 | 15:33

Standard Chartered Vietnam appoints first Vietnamese CEO

Standard Chartered Bank Vietnam announced the appointment of Nguyen Thuy Hanh, CEO and head of Banking and Coverage.

Money September 06, 2024 | 10:01

Uneven credit growth registered in first eight months

Credit growth bounced back in August after a previous slowing.

Insurance August 20, 2024 | 15:23

Mixed fortunes remain in insurance segment

Vietnam’s non-life insurance sector is growing robustly, but there remains barriers in bancassurance due to low public awareness and a confusing legal system.

Insurance July 30, 2024 | 16:47

Vietnam life insurance payouts surge 35 per cent to $1.24 billion in H1

Life insurers in Vietnam disbursed $1.238 billion in claims in the first half of 2024, marking a 35 per cent increase on-year.

Smart Payment Trends July 24, 2024 | 14:16

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.

Smart Payment Trends June 30, 2024 | 11:25

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

Visa is collaborating with VNPAY to enhance contactless payments via VNPAY SoftPOS.

Infographics

Infographics August 30, 2024 | 08:44

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.

Infographics August 27, 2024 | 09:24

Frozen durian cleared for official export to China

On August 19, 2024, Vietnam’s Ministry of Agriculture and Rural Development and China’s General Administration of Customs signed a Protocol on Inspection, Plant Quarantine, and Food Safety for Frozen Durian Exports from Vietnam to China.

Timeout

Travel Hotels & Restaurants The Insider Entertainment Lifestyle

Timeout September 04, 2024 | 16:54

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.

Timeout September 04, 2024 | 10:25

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.

Timeout August 28, 2024 | 16:06

Mu Cang Chai to host paragliding festival during National Day holiday

A paragliding festival will be held in the northern mountainous province of Yen Bai’s Mu Cang Chai district from September 1-3, featuring pilots from across the country.

Timeout August 26, 2024 | 15:40

Ideal destinations to enjoy autumn in Northern Vietnam

From plains to high mountains or to the sea - Hanoi, Kim Boi (Hoa Binh), Sapa (Lao Cai) and Ha Long (Quang Ninh), the seasonal change from summer to autumn is the best time to explore destinations in Northern Vietnam.

Hotels & Restaurants September 05, 2024 | 17:41

Hilton debuts in Laos with DoubleTree by Hilton Vientiane

Hilton announced the opening of DoubleTree by Hilton Vientiane on September 4.

The Insider September 04, 2024 | 15:14

Reu Hoi An offerings whisper tales of ancient identity and sustainability

Hoi An is well-known worldwide for its ancient town and cultural heritage. Founder of Reu Boutique Hotel Hoi An Le Quoc Viet explained to VIR‘s Hoang Dan why Hoi An’s individuals and businesses are eager to promote greener and healthier tourism.

Lifestyle September 04, 2024 | 10:25

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.

Entertainment August 26, 2024 | 17:12

Chinese video game hit 'Black Myth' sells 10 mn copies in three days

Hit Chinese video game "Black Myth: Wukong"has become one of the country's most successful productions, selling 10 million copies worldwide since launching earlier this week.

Videos

[Conference] Reducing Emissions in the Automotive Industry: All Roads Lead to Net Zero

[Conference] Tax Amendments to Promote Business Activities

[Talk show] Investment Pioneers for the Dual Transformation

[Conference] Scrutinising upcoming investment opportunities

[Talk show] Embracing AI for the Modern Media

VIR talkshow on the green-digital dual transition

Cai Mep listed among world’s 30 largest ports

My Khe on Asia’s most beautiful beach list: Tripadvisor

Three-month FDI inflow into Vietnam up 13.4 per cent

Opportunities from billion-dollar export items

Green energy - A trend in sustainable development

Sports

Sports September 04, 2024 | 16:56

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.

Sports August 30, 2024 | 08:50

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.

Sports August 27, 2024 | 14:32

Tottenham-bound teen Yang called up by South Korea

Tottenham-bound teenager Yang Min-hyeok was handed his first international call-up after being named in South Korea's squad for next month's World Cup qualifiers.

Sports August 27, 2024 | 10:58

Spanish player claims victory at PBA-LPBA SY Bazzar Hanoi Open 2024

Spanish billiards player Daniel Sanchez emerged as the champion of the PBA-LPBA SY Bazzar Hanoi Open 2024, defeating Eom Sang-pil from the Republic of Korea (RoK) with a final score of 4-2.

Photos

Photos August 09, 2024 | 16:20

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.

Photos July 26, 2024 | 10:40

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.

Photos July 25, 2024 | 09:12

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.

Photos July 01, 2024 | 18:47