Vietnam Investment Review

GSM enters ride-hailing market with Xanh SM Bike Platform

GSM has launched its Xanh SM Bike Platform, offering an 80 per cent revenue share and incentives for VinFast electric motorcycle drivers.

Keppel sells stakes in Saigon Sports City and Saigon Centre

Singapore's Keppel is divesting from Saigon Sports City and Saigon Centre.

Long Son Petrochemicals complex put into commercial operation

Long Son Petrochemicals announced the start of commercial operations at Vietnam’s first integrated petrochemical complex on September 30.

Vietnam reports FDI jump of 11.6 per cent

More than $24.78 billion in foreign direct investment (FDI) flowed into Vietnam in the first nine months of 2024, climbing 11.6 per cent on-year.
Vietnam to become a country of origin of innovation

Prime Minister Pham Minh Chinh highly appreciated the initial success of the National Innovation Centre.
Launching Innovate Vietnam 2024

The National Innovation Centre (NIC) has just announced its fifth anniversary celebration and the official opening of Innovate Vietnam 2024.

Manufacturing production suffers after Typhoon Yagi

Vietnam’s economy on track for 6.5 per cent growth despite Typhoon Yagi, says HSBC

Vietnam urges China to expand market access for agricultural products and strengthen trade ties

IMF predicts Vietnam's economic growth to reach 6.1 per cent in 2024

TTC Group inks MoU with Sojitz Vietnam

TTC Group and Sojitz Vietnam signed an MoU on October 3 aimed at leveraging each party's strengths in various fields of operations and business.

PetroVietnam proposed to pilot OSW projects

The MoIT has been tasked with reporting on the necessary procedures for assigning PetroVietnam to conduct surveys for OSW power.

MobiFone on the way to becoming a major tech company

MobiFone provides numerous solutions for all segments covering government authorities, businesses, and individuals.

Corporate

CEO Talk Biz Link

Businesses call for further scrutiny on beverage tax

Corporate October 04, 2024 | 11:23

Businesses call for further scrutiny on beverage tax

Industry insiders claim there is no evidence that imposing an excise tax on sugary drinks will reduce consumption, and such a move requires more comprehensive assessment.

Corporate October 04, 2024 | 10:22

TTC Group inks MoU with Sojitz Vietnam

TTC Group and Sojitz Vietnam signed an MoU on October 3 aimed at leveraging each party's strengths in various fields of operations and business.

CEO Talk September 28, 2024 | 08:00

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.

Biz Link October 03, 2024 | 16:30

Cake scoops ‘Technology Bank of the Year’ at Better Choice Awards

Cake by VPBank was named Technology Bank of the Year at the Better Choice Awards 2024 on October 2 in Hanoi.

Investing

M&A Outbound Investment Investing in Haiphong

Hung Yen bolsters competitiveness to drive socioeconomic development

Vietnam reports FDI jump of 11.6 per cent

Investing October 04, 2024 | 10:35

Hung Yen bolsters competitiveness to drive socioeconomic development

Hung Yen province is looking to climb the provincial vitality index (PCI) to bolster investment appeal and propel socioeconomic development.

Investing October 04, 2024 | 10:18

Vietnam reports FDI jump of 11.6 per cent

More than $24.78 billion in foreign direct investment (FDI) flowed into Vietnam in the first nine months of 2024, climbing 11.6 per cent on-year.

M&A October 02, 2024 | 13:36

Keppel sells stakes in Saigon Sports City and Saigon Centre

Singapore's Keppel is divesting from Saigon Sports City and Saigon Centre.

Outbound Investment September 25, 2024 | 08:00

FPT IS and Metrodata partner to secure leadership in AI, cloud, and cybersecurity in Indonesia

FPT IS Co., Ltd. and Metrodata Electronics, Indonesia’s leading IT company, signed a cooperation agreement on September 23 to establish a joint venture.

Your Consultant

KPMG PwC RSM Vietnam D.lion Dentons LuatViet

Beverage tax is not be-all and end-all for obesity problems

Your Consultant October 04, 2024 | 11:37

Beverage tax is not be-all and end-all for obesity problems

International experiences hint that applying an excise tax on sugary beverages is not an effective measure in controlling and reducing the rate of overweight, obesity, and non-communicable diseases.

Your Consultant October 01, 2024 | 15:17

Opportunities for businesses in 5G

In the context of 5G commercialisation, businesses have the opportunity to expand and optimise their processes. Ngo Thanh Hai and Nguyen Van Anh, lawyers at LNT & Partners, discuss how these enterprises can help enhance growth efficiency.

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

Conference provides catalyst for Vietnam’s circular economy

BASF Vietnam: 30 years of driving sustainable growth through innovation and partnership

Vietnam SuperPort unveils digital transformation plan to boost connectivity

Accelerating transition to low-carbon society

Australia and Vietnam foster education and training towards green economy

DowJones October 04, 2024 | 10:56

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.

Green Growth October 02, 2024 | 16:53

PetroVietnam proposed to pilot OSW projects

The MoIT has been tasked with reporting on the necessary procedures for assigning PetroVietnam to conduct surveys for OSW power.

Green Growth October 02, 2024 | 13:42

BASF Vietnam: 30 years of driving sustainable growth through innovation and partnership

As BASF celebrates 30 years in Vietnam, Erick Contreras, managing director of BASF Vietnam, talked to VIR’s Quynh Chau.

Green Growth October 01, 2024 | 16:45

Vietnam SuperPort unveils digital transformation plan to boost connectivity

The ICD Vinh Phuc (Vietnam SuperPort) announced plans to drive efficiency and sustainability in the logistics sector on October 1.

Green Growth October 01, 2024 | 14:00

Accelerating transition to low-carbon society

An environmental, social, governance (ESG) symposium 2024 themed ‘Driving Inclusive Green Transition’ hosted by SCG on September 30 aimed to compile and present key proposals and recommendations for accelerating the transition towards clean energy and a c

Green Growth September 27, 2024 | 16:00

Australia and Vietnam foster education and training towards green economy

An Australian education delegation is in Vietnam to take part in the Australia Southeast Asia Business Exchange Mission.

Most viewed

Property

Green Buildings Industrial Properties

Vietnam primed to make use of data centre potential

Nam Long Group pioneering sustainable leadership

Property October 04, 2024 | 10:45

Vietnam primed to make use of data centre potential

With the lowest average cost of construction and land prices in the region for data centres, along with a prime geographical location, Vietnam is an emerging market for such ventures.

Property October 04, 2024 | 08:53

Nam Long Group pioneering sustainable leadership

Nam Long Group has been honoured as a pioneering real estate developer.

Green Buildings October 04, 2024 | 10:21

Green high-rise buildings ensure healthy living space and environmental benefits

Phuc Khang Corporation is developing green high-rise buildings as part of its development strategy.

Industrial Properties October 01, 2024 | 16:30

Prodezi and HVH launch 400-hectare eco-industrial park in Long An province

Prodezi and Huong Viet (HVH) officially launched Prodezi Eco-Industrial Park (Prodezi EIP) on October 1 in Long An province.

Money

Insurance Smart Payment Trends Stock Monitor

Capacity expands to lower deposit and lending rates

Money October 04, 2024 | 10:35

Debt recovery methods to be cleaned up

Commercial banks in Vietnam are grappling with rising loans and regulatory gaps, especially concerning debt recovery and managing real estate collateral, and highlighting the urgent need for clearer guidance on land use and leasing.

Money October 04, 2024 | 10:30

Capacity expands to lower deposit and lending rates

The recent decline in exchange rates will provide the State Bank of Vietnam with more room to adjust interest rates in a way that benefits credit growth and stimulates economic expansion.

Insurance October 03, 2024 | 14:35

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.

Insurance September 19, 2024 | 17:00

Spate of claims made in typhoon aftermath

Insurers are processing widespread claims following Typhoon Yagi, with compensation efforts focusing on businesses, industrial facilities, and vehicle owners. Meanwhile, smaller businesses and homeowners are being encouraged to review their coverage options for future protection against natural disasters.

Smart Payment Trends September 30, 2024 | 18:18

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.

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.

Infographics

Infographics October 04, 2024 | 08:00

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

Our 30-year journey in Vietnam

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.

Timeout

Travel Hotels & Restaurants The Insider Entertainment Lifestyle

Timeout October 02, 2024 | 15:43

Nestlé and VNAT announce new cooperation initiative

Nestlé Vietnam and VNAT unveiled the 2024 cooperation programme aimed at promoting Vietnamese cuisine on October 1.

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.

Hotels & Restaurants October 04, 2024 | 10:06

Marriott Bonvoy invites members to behind-the-scenes podcast experience

Marriott Bonvoy is offering members the chance to enjoy once-in-a-lifetime experiences in Ho Chi Minh City.

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 16, 2024 | 19:28

Traditional mooncakes in demand this year

The Mid-Autumn Festival mooncake is focusing on traditional flavours with eye-catching designs and packaging.

Entertainment September 17, 2024 | 14:27

Vietnam to roll out tourism and cinema promotions in US

Vietnam is seeking to develop its tourism and film industry in US.

Videos

Conference Enablers for Digital Economy Development in Vietnam

[Conference] Empowering Innovation for Vietnam's Sustainable Healthcare

[Talk show] FED's interest rate cut scenario and its impact on the Vietnamese market

[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

Sports

Sports September 21, 2024 | 10:27

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.

Sports September 20, 2024 | 17:23

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

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.

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

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.

Photos July 01, 2024 | 17:10

Inside BASF Vietnam's new office

BASF Vietnam has relocated its head office to Deutsches Haus Ho Chi Minh City.

Society

Swing for the Kids CSR

Experts discuss dengue fever prevention in Vietnam

Vietnam’s economy on track for 6.5 per cent growth despite Typhoon Yagi, says HSBC

Society October 01, 2024 | 17:04

Experts discuss dengue fever prevention in Vietnam

Takeda, a global biopharmaceutical company, hosted meetings in Ho Chi Minh City and Hanoi on September 26-27 to discuss a dengue prevention strategy.

Society October 01, 2024 | 16:46

Vietnam’s economy on track for 6.5 per cent growth despite Typhoon Yagi, says HSBC

Vietnam's economic recovery remains resilient, with HSBC projecting 6.5 per cent GDP growth for 2024, despite the significant damage caused by Typhoon Yagi.

Swing for the Kids May 14, 2024 | 19:12

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.

Swing for the Kids May 14, 2024 | 18:53

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.

CSR September 27, 2024 | 20:13

ADB approves $2 million to support Yagi response

The Asian Development Bank has approved a $2 million grant for emergency and humanitarian services to those affected by Typhoon Yagi.

CSR September 27, 2024 | 18:20

UNIQLO contributes over $40,000 to support flood victims

UNIQLO has donated VND1 billion ($40,600) and 9,000 clothing items to support the residents of northern provinces in the aftermath of Typhoon Yagi.

World News

Google to invest 1 billion USD in developing data centre in Thailand

Thailand plans to hold talks with Myanmar to prevent cross-border flooding

Indonesia’s digital economy sector generates 1.75 billion USD in tax revenue

India helps ASEAN countries address typhoon consequences

World News October 01, 2024 | 17:28

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.

World News October 01, 2024 | 17:14

Google to invest 1 billion USD in developing data centre in Thailand

Alphabet Inc's Google announced on September 30 that it will invest 1 billion USD in Thailand to build a data centre and cloud region to meet growing cloud demand and support artificial intelligence (AI) adoption in Southeast Asia.

World News September 17, 2024 | 12:25

More mpox cases reported in Philippines

The Philippine Department of Health (DOH) on September 16 announced three additional cases of monkeypox (mpox), bringing the total confirmed cases across the country this year to 18.

World News September 17, 2024 | 12:08

Thailand plans to hold talks with Myanmar to prevent cross-border flooding

Thailand plans to hold discussions between its water resources management agencies and relevant agencies of Myanmar to tackle the common problem of flooding, as part of efforts to prevent a repeat of the devastating flooding that struck the two countries last week, an official has said.

World News September 17, 2024 | 12:02

Indonesia’s digital economy sector generates 1.75 billion USD in tax revenue

The tax revenue from the digital economy sector in Indonesia reached 27.85 trillion IDR (1.75 billion USD) from 2022 to the end of August 2024, according to the Taxation Directorate General under the country’s Finance Ministry.

World News September 16, 2024 | 11:59

India helps ASEAN countries address typhoon consequences

India on September 15 launched Operation Sadbhav to provide humanitarian assistance and disaster relief to Laos, Myanmar and Vietnam that have been hit by typhoon Yagi and severe subsequent flooding.