Vietnam Investment Review

Bach Hoa Xanh grocery chain faces gloomy prospects

From its pole position during the pandemic, the Bach Hoa Xanh grocery chain is seemingly losing its appeal owing to recent complications.

Learning the lessons of proptech failures

Inadequate use of capital, inefficient management, and being unable to keep track of market demand have all caused the end of some startups, even those that have enjoyed capital injections worth tens of millions of US dollars.

Advantages of amending Law on Land

Land is the most valuable asset of each person, business, and country, and thus a major goal is to unleash the potential of land use. Le Net and Tran Thai Binh, lawyers at LNT & Partners, propose amendments to the current legislation regarding the land.

Expectations positive for growth trajectory

The Vietnamese economy has been gradually bouncing back thanks to the government’s major efforts to curb the pandemic and remove obstructions to progress for enterprises.
Foreign-invested enterprises face up to procedural barriers

Administrative procedures such as a prolonged timeline for obtaining business licences, as well as overlaps in the legal framework, are continuing to affect the expansion plans of many foreign-invested enterprises in Vietnam.
US investors display confidence in Vietnam

Vietnam and the United States are seeking ways to increase their investment and trade ties, with the latter pledging to support the latter in education, training, and the energy transition.

Foreign service providers fulfill tax obligations in Vietnam

Top 10 prestigious companies in food and beverage sector

UNICEF vows to support Vietnam in response to Typhoon Noru

New regulations enhance transparency in private placement of bonds

Hanoi remains bright spot in FDI attraction

Thanks to the development of a network of industrial parks and clusters as well as efforts to accompany investors, Hanoi has remained one of the bright spots of the country in foreign direct investment (FDI) attraction.

CT Group: first corporation to launch a Talent Acquisition Centre

CT Group held an intimate HR Dinner exchange programme with the participation of leaders from prestigious universities and top employers on September 24.

Investors remain determined to develop thermal power plants

Many investors are facing difficulties in implementing thermal power plants, however, they remain determined to develop projects.

Corporate

CEO Talk Biz Link GE Vietnam Values

Nike shares tumble as it reports lower profits

Corporate September 30, 2022 | 16:00

Nike shares tumble as it reports lower profits

Nike reported lower quarterly profits Thursday on increased logistics spending and a hit from product markdowns, as it pivots in a fast-changing consumer market challenged by inflation.

Corporate September 30, 2022 | 13:39

Bach Hoa Xanh grocery chain faces gloomy prospects

From its pole position during the pandemic, the Bach Hoa Xanh grocery chain is seemingly losing its appeal owing to recent complications.

CEO Talk September 26, 2022 | 13:30

VIR talk show to discuss digital talent and transformation in banking

On September 26, VIR will host a talk show on the digital transformation in the banking industry.

Biz Link September 29, 2022 | 18:35

Hundreds of foreign exhibitors to gather at major expos

With two major expos on the horizon, Vietnam is expected to welcome hundreds of foreign exhibitors to showcase their products and technologies in November.

Investing

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

First Danish-invested factory in An Giang starting operation

Investing September 30, 2022 | 16:01

Hanoi remains bright spot in FDI attraction

Thanks to the development of a network of industrial parks and clusters as well as efforts to accompany investors, Hanoi has remained one of the bright spots of the country in foreign direct investment (FDI) attraction.

Investing September 30, 2022 | 14:44

First Danish-invested factory in An Giang starting operation

The $17 million Spectre garment factory, which is funded by a Danish investor, in An Giang will be partly powered by renewable energy.

M&A September 23, 2022 | 16:57

Virtual Internships raised $14.3 million in Series A round

Virtual Internships, an edtech company from the UK, has successfully raised $ 14.3 million in Series A led by a global coalition of investors.

Outbound Investment September 06, 2022 | 12:59

FPT Software expands in Europe with new office in Denmark

FPT Software announced the opening of its first office in Denmark on September 5, increasing the number of its international offices to 59.

Your Consultant

KPMG PwC RSM Vietnam ASL LAW ManpowerGroup Vietnam Indochine Counsel D.lion Indochina Capital

Assessing risks of inflation for everyday life in Vietnam

Concerns remain over legal validity and other issues of e-contracts

Your Consultant September 29, 2022 | 10:15

Assessing risks of inflation for everyday life in Vietnam

While inflation has soared around the world, Vietnam has successfully kept it low. However Patrick Lenain, senior associate at the Council on Economic Policies, writes that it is too soon to claim victory because new bursts in food prices could occur, putting at risk the health of undernourished people.

Your Consultant September 28, 2022 | 15:58

Concerns remain over legal validity and other issues of e-contracts

A recent survey showed that more than half of the 500 Vietnamese participants were concerned about the legal validity and confidentiality of e-contracts.

KPMG September 26, 2022 | 11:00

Ideas for curbing abusive related-party transactions

A related-party transaction occurs when a deal is entered into by at least two parties, where one has control or significant influence over the other or where the parties come under the same controlling owner.

PwC September 26, 2022 | 10:00

Keeping on top of crypto legislation

The growth of central bank involvement in the digital currency sector has significantly been increased in recent years, with many central banks considering launching a central bank digital currency.

RSM Vietnam September 20, 2022 | 19:29

RSM Vietnam celebrates opening new office in Ho Chi Minh City

On September 14, RSM Vietnam officially held the opening ceremony of a third office in Ho Chi Minh City.

ASL LAW September 14, 2022 | 08:00

ASL Law branches out services for wider regional ambitions

Opening the first representative office for ASL Law in Singapore on August 12 was an important milestone in the firm’s expansion journey. Pham Duy Khuong, managing director of ASL Law, speaks with VIR’s Hoang Oanh about his dream of going global.

ManpowerGroup Vietnam August 26, 2022 | 16:18

Solving talent shortages amid fierce human capital landscape

Andree Mangels, general manager of ManpowerGroup Vietnam, shares his insights about the current demand for workers in Vietnam and a strategy for employers.

Indochine Counsel September 01, 2022 | 20:15

Defining innovative startup enterprises in Vietnam

The state has provided special policies to encourage small- and medium-sized startup enterprises (SMEs) that primarily focus on tech advancement and research, and need the assistance of all resources for building their reputation and market status.

D.lion August 22, 2022 | 09:30

Nurturing the next talents in blockchain

Although Trinh Ngoc Duc, president of D.lion Group and CEO of Fight of the Ages, was not initially technologically savvy, he remains confident in his abilities to lead his crew to accomplish the goal of bringing a pure Vietnamese metaverse project to the world as soon as possible.

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.

Opinion

BASF Vietnam commits to sustainable funding strategy

Erick Contreras

CEO of BASF Vietnam

BASF Vietnam commits to sustainable funding strategy

Vietnam remains key market of interest for Singaporeans

Kow Juan Tiang

Executive director for Southeast Asia, Enterprise Singapore

Vietnam remains key market of interest for Singaporeans

Sandoz leading in generics and biosimilar medicines in Vietnam

Ho Thi Thanh Van

Country head of Sandoz Vietnam

Sandoz leading in generics and biosimilar medicines in Vietnam

Taking the right steps for successful digital transformation

Pham Thi Thu Diep

Technology and country leader at IBM Vietnam

Taking the right steps for successful digital transformation

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

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.

August 02, 2022 | 16:05

Bringing benefits to business via diversity policies

Vietnam has made great strides in protecting the rights of lesbian, gay, bisexual, and transgender people, and with gay and lesbian people able to openly disclose their sexual orientation, evidence exists that this can only benefit society – even in an economic sense.

Green Growth

Energy Efficiency Rethinking Plastics

Vietnam, EU seek to boost cooperation in green, sustainable growth

AEON Vietnam accompanying Vietnam’s sustainable development for over 10 years

Coca-Cola Vietnam introduces 100 per cent recycled plastic bottles

C.P. Vietnam collects marine waste for sustainable environmental protection

International partners commit to help Vietnam realising net zero emissions

USAID launches $14 million project to help Ho Chi Minh City accelerate its green growth

Green Growth September 30, 2022 | 16:11

Vietnam, EU seek to boost cooperation in green, sustainable growth

Vietnamese enterprises should focus on meeting quality requirements and ensuring green and sustainable growth, experts said at the Vietnam-EU Trade Forum held in Ho Chi Minh City on September 29.

Green Growth September 30, 2022 | 08:00

AEON Vietnam accompanying Vietnam’s sustainable development for over 10 years

Within a decade, AEON Vietnam conquered Vietnamese consumers with quality products and dedicated services and contributed to the country’s development.

Green Growth September 28, 2022 | 12:24

Coca-Cola Vietnam introduces 100 per cent recycled plastic bottles

Coca-Cola Vietnam is taking a meaningful step towards supporting a circular economy by introducing bottles made from 100 per cent recycled PET plastic.

Green Growth September 28, 2022 | 10:19

C.P. Vietnam collects marine waste for sustainable environmental protection

Hundreds of managers and employees of C.P.Vietnam have collected and classified 876kg of waste from Long Hai and Phuoc Hai beaches in Ba Ria-Vung Tau province.

Green Growth September 21, 2022 | 20:50

International partners commit to help Vietnam realising net zero emissions

The United Nations and development partners, during discussions with Vietnamese ministries and sectors, expressed their willingness to support Vietnam in achieving the goal of net zero emission and energy transition.

Green Growth September 21, 2022 | 09:16

USAID launches $14 million project to help Ho Chi Minh City accelerate its green growth

USAID and Ho Chi Minh City People’s Committee launched a project to accelerate renewable energy and energy efficiency solutions on September 20.

Most viewed

Property

Green Buildings Industrial Properties

Little motivation to provide IZ healthcare facilities

Property September 30, 2022 | 11:15

Little motivation to provide IZ healthcare facilities

Private businesses have shown little interest in opening medical examination facilities in industrial zones, despite the increasing demand for medical examination and treatment for employees.

LNT & Partners September 29, 2022 | 10:24

Advantages of amending Law on Land

Land is the most valuable asset of each person, business, and country, and thus a major goal is to unleash the potential of land use. Le Net and Tran Thai Binh, lawyers at LNT & Partners, propose amendments to the current legislation regarding the land.

Green Buildings April 13, 2022 | 14:42

IFC subscribes to $44 million bond to promote green housing

On April 12, International Financial Corporation announced it had subscribed to a roughly $44 million bond to be issued by Nam Long Investment Corporation.

Industrial Properties September 16, 2022 | 18:05

Vietnam to encourage eco-industrial parks with international support

Vietnam will continue to encourage investors to both develop eco-industrial parks and transition traditional to ecological ones.

Money

Insurance Smart Payment Trends Stock Monitor

MoF proposes to reduce tax for input material of petrol products to 10%

Money September 30, 2022 | 10:59

The 10th anniversary VietinBank - MUFG strategic alliance

The year 2023 will mark the 10th anniversary of the VietinBank - MUFG strategic alliance and is a significant milestone for the two banks.

Money September 30, 2022 | 10:48

MoF proposes to reduce tax for input material of petrol products to 10%

The Ministry of Finance (MoF) has proposed to reduce the most-favoured-nation (MFN) tariff for some kinds of gasoline products used as input materials for production of other products from 20 per cent to 10 per cent to reduce the price of input materials.

Insurance September 28, 2022 | 10:22

Sinh Con, Sinh Cha workshop reaches Nghe An province

On September 26, Italian-backed life insurer Generali Vietnam organised a workshop for about 700 parents and children in Vinh city.

Insurance September 22, 2022 | 14:00

Saladin and BaoViet Corporation enter strategic partnership

On September 20, Saladin's 10X Consulting and Technology Co., Ltd. and BaoViet Insurance Corporation signed a strategic partnership agreement.

Smart Payment Trends September 15, 2022 | 12:18

Be-Cake Visa credit card launched to enhance digital payment experience

Digital bank Cake by VPBank (Cake) is releasing Vietnam’s first collaborative co-branded credit card product.

Smart Payment Trends September 07, 2022 | 12:12

Visa extends partnership with Vietnamese universities to promote Practical Money Skills

Visa is partnering with the Faculty of Finance and Banking of the University of Economics and Business, Vietnam National University.

Infographics

Infographics September 19, 2022 | 10:47

Foreign arrivals to Vietnam surge 13.7 fold in eight months of 2022

Vietnam has welcomed more than 1.44 million international arrivals in the first eight months of 2022, a 13.7-fold rise from a year earlier, data showed.

Infographics September 16, 2022 | 10:20

Vietnam records trade surplus of nearly 4 billion USD in eight months

Vietnam has enjoyed a trade surplus of 3.96 billion USD in the first eight months of 2022, the General Statistics Office (GSO) announced

Timeout

Travel Hotels & Restaurants The Insider Entertainment Lifestyle

Timeout September 30, 2022 | 11:33

Foreign tourists help clean up Hoi An after typhoon Noru

A group of foreign tourists joined local residents in Hoi An ancient city in the central province of Quang Nam to clean up trash and clear mud along a bridge crossing Hoai River on September 28 as super typhoon Noru weakened and floodwater started receding.

Timeout September 20, 2022 | 10:43

Ho Tram: the outstanding destination for MICE tourism

Toward the peak travel season by the end of the year, MICE (meeting, incentive, convention, and exhibition) tourism is heating up due to increasing demands in trade promotion, strengthening partnerships, and team building. In this trend, Ho Tram stands out as an ideal destination for the segment.

Timeout September 20, 2022 | 10:48

Business tourism shaping up to become core national asset

The MICE (meeting, incentive, convention, and exhibition) segment could gain traction and help lead the wave of tourism recovery in Vietnam, if post-pandemic restrictions are eventually eased.

Timeout September 15, 2022 | 10:08

Vietnam Airlines launches online check-in at Dong Hoi airport

National flag carrier Vietnam Airlines has announced that it will launch online check-in service for passengers departing from Dong Hoi airport in the central province of Quang Binh from September 15 to improve their experiences and convenience.

Hotels & Restaurants September 16, 2022 | 08:01

COCOTEL partners with Archipelago to tap into bigger hotels

COCOTEL Hotels & Resorts partners with Archipelago International to tap into bigger hotels that need their services.

The Insider September 06, 2022 | 17:24

Awakening Yen Bai’s potential

Underdeveloped tourism destinations like Yen Bai could be seen as a risky investment, but new tourism products can also awaken the potential of such a place.

Lifestyle September 15, 2022 | 11:37

Oktoberfest Vietnam to be held in Hanoi

The event will feature a traditional opening ceremony presenting the tapping of the first beer keg and the wearing of traditional Bavarian attire.

Entertainment September 15, 2022 | 11:29

Coffee shops on 'train street' must close by September 17 over safety concerns

The sections of track along the Hanoi-Dong Dang railway line, where trains pass close to residential houses, have been popular with tourists for many years, but also pose a major safety hazard.

Videos

VIR talk show to discuss digital talent and transformation in banking

End of the line

Vietnam attracts nearly 16.8 bln USD in FDI in eight months

Experiencing driving off-road ATVs in Mu Cang Chai

Cashless payments the way of the future for Vietnam

The Travel website suggests things to do in ancient Hoi An

Session 2: Opportunities and challenges for new investment channels

Session 1: Identify opportunities in traditional investment channels

Video clip launched to promote Vietnamese tourism

Talk show "Innovative Funds for Blockchain Startups"

Live: Talk show the path to smart factories in Vietnam

Sports

FOTA Djinn Guild

Sports September 30, 2022 | 15:11

Djokovic makes winning return to ATP action in Tel Aviv

Novak Djokovic, playing a singles tournament for the first time since winning Wimbledon in July, reached the Tel Aviv quarter-finals on Thursday with a straight-sets victory over Spain's Pablo Andujar.

Sports September 27, 2022 | 22:31

Vietnam beat India 3-0, top International Friendlies 2022

Vietnam beat India 3-0 in Thong Nhat stadium, Ho Chi Minh City on September 27, and won the International Friendlies 2022 with two consecutive wins.

Sports September 27, 2022 | 14:18

Volvo Golf Championship Vietnam 2022 aids talent development

Volvo Vietnam has successfully organised the Volvo Golf Championship 2022 in Ho Chi Minh City and Hanoi.

Sports September 23, 2022 | 16:47

MotoGP champ Quartararo defies pain in 'push to the max'

MotoGP world champion Fabio Quartararo will defy pain this weekend in Japan after a nasty fall that blew the title race wide open with five grands prix to go.

Photos

Photos September 06, 2022 | 12:36

Expressway opens up new development space for Red River Delta

Built in just over two years since the completion of site clearance and with investment of nearly 13 trillion VND, the 80-km Van Don - Mong Cai Expressway has been opened in the northern province of Quang Ninh. It is expected to open up a new development space for the northern province of Quang Ninh and the entire Red River Delta.

Photos August 29, 2022 | 09:10

Autumn sparkles at the Ban Gioc Waterfall

Ban Gioc Waterfall in Dam Thuy commune, Trung Khanh district is a ‘pearl’ of Cao Bang province’s tourism. After heavy downpours, in the autumn, the waterfall sparkles in the sunshine and its crystal streams flow down the mountain, a picturesque and astounding scenery.

Photos August 17, 2022 | 17:30

Hanoi greening urban roads

Together with contributing to the implementation of the Government’s target to plant 1 billion trees during the 2021-25 period, Hanoi is stepping up tree planting along urban roads and aims to plant up to 250,000 this year.

Photos August 02, 2022 | 22:25

Market session of mountainous region re-enacted in Hanoi

The Vietnam National Village for Ethnic Culture and Tourism in Dong Mo, Son Tay of Hanoi regularly holds a market session for the mountainous region on weekends, which is a draw to visitors at home and abroad.

Photos July 26, 2022 | 09:52

Khanh Hoa - Phu Yen route: View from above

Dai Lanh lighthouse, Xuan Dai bay and Diep Son island in Khanh Hoa and Phu Yen provinces emerge majestically under the lens of Vietnamese travel blogger Ngo Tran Hai Anh. Most of the photos were taken by a drone to get wide-angle shots from a bird-eye view.

Society

Swing for the Kids CSR

Floods, landslides isolate thousands of residents in central, Central Highlands regions

PM requests prompt measures to overcome Typhoon Noru’s consequences

Society September 30, 2022 | 16:21

Floods, landslides isolate thousands of residents in central, Central Highlands regions

Floods and landslides have isolated thousands of people in the central and Central Highlands regions after typhoon Noru.

Society September 30, 2022 | 11:44

PM requests prompt measures to overcome Typhoon Noru’s consequences

Prime Minister Pham Minh Chinh ordered the prompt evaluation of losses caused by Typhoon Noru and immediate application of measures to overcome its consequences, support affected people and stabilise production and people’s life during a meeting on September 28.

Swing for the Kids April 18, 2022 | 08:23

Sustaining Vietnamese youngsters' scholastic ambitions

The organisers of the Swing for the Kids golf tournament continued raising funds for the Swing for Kids 2022 Scholarship Fund as well as an integrated auction.

Swing for the Kids April 16, 2022 | 21:01

Award-gala Swing For the Kids golf tournament garnered benevolent donors

The 15th Swing for the Kids charity golf tournament has concluded with nearly $105,000 raised by domestic and foreign donors.

CSR September 27, 2022 | 10:08

Takeda Vietnam enhances effectiveness of dengue prevention and control

The Pasteur Institute joined hands with Takeda Vietnam to host a workshop on Innovating and enhancing the effectiveness of dengue prevention on September 23.

CSR September 27, 2022 | 09:53

Panasonic's alluring film making programme for students returns

Panasonic Vietnam has held the awards ceremony for the Kid Witness News programme with the participation of more than 300 students, parents, and teachers

World News

Japan plans more stimulus to tackle inflation, low yen

Malaysia Airlines drops mandatory face mask rules on flights

Being a proactive member of the global community

Cuban PM’s upcoming Vietnam visit to take ties into new period

Vietnam among seven economic wonders of worried world: Financial Times

World News September 30, 2022 | 15:22

Japan plans more stimulus to tackle inflation, low yen

Japan is preparing another round of economic stimulus measures, the government said Friday, as rising prices and the plummeting yen squeeze the world's third-largest economy.

World News September 30, 2022 | 11:24

Malaysia’s inflation on the rise

Malaysia’s inflation rate in August increased to 4.7% year-on-year, mainly due to food and non-alcoholic beverages, according to the Malaysian Department of Statistics Malaysia (DOSM).

World News September 30, 2022 | 11:19

Malaysia Airlines drops mandatory face mask rules on flights

Malaysia Aviation Group (MAG) – the parent company of Malaysia Airlines – has announced that the mandatory face mask wearing on planes will be lifted and effective immediately, depending on the discretion of the destination countries.

World News September 29, 2022 | 18:00

Being a proactive member of the global community

Last week saw Vietnam celebrate 45 years since its accession to the United Nations. Minister of Foreign Affairs Bui Thanh Son writes about how the country has and will continue to enhance its relationship with the UN.

World News September 27, 2022 | 22:24

Cuban PM’s upcoming Vietnam visit to take ties into new period

Cuban Prime Minister Manuel Marrero Cruz's official visit to Vietnam from September 28 to October 2 at the invitation of his Vietnamese counterpart Pham Minh Chinh will be the first visit outside Latin America since the Cuban PM took office in December 2019 and the first visit by a high-ranking Cuban leader to Vietnam since 2018.

World News September 27, 2022 | 22:02

Vietnam among seven economic wonders of worried world: Financial Times

A writing published by the London-based Financial Times on September 26 described Vietnam as one of the seven economic wonders of a worried world.