Vietnam Investment Review

CapitaLand Development divests Capital Place in Hanoi for $550 million

CapitaLand Development (CLD), the development arm of CapitaLand Group, on January 20 announced the divestment of Capital Place, its international Grade A office building in Hanoi for $550 million to an unrelated third party.

BW Industrial Development JSC announces acquisition in DEEP C Industrial Zones

BW Industrial Development JSC on January 19 announced the acquisition of approximately 74,000 square metres of prime land in the Bac Tien Phong Industrial Zone in Quang Ninh, developed by DEEP C Industrial Zones.

AIA Vietnam CEO joins Tiki’s Board of Directors

Tiki Global Pte. Ltd. has just appointed Wayne Besant – CEO of AIA Vietnam Life Insurance Co., Ltd. – to its Board of Directors.

Scale-up seen in key foreign ventures

Vietnam has remained as a bright spot in large-scale investment attraction thanks to drastic actions in pandemic prevention and the selection of foreign-invested partners.
Solutions coming thick and fast for draft PDP

The policymakers of the latest draft of Vietnam’s mammoth Power Development Plan VIII see themselves confronted with additional wind and solar demand, as well as the scrutiny of a deputy prime minister, requiring the Ministry of Industry and Trade to remedy issues to meet the national goals of energy security and net zero emissions by 2050.
Striving for sustainability amid the pandemic

While the global health crisis continues to impact the business community, a number of manufacturers in Vietnam have been focusing on sustainability by emphasising a strong corporate culture and contributing to the country’s sustainable development.

US airlines warn of 'calamity' if 5G deployed near airports

VN banks expect to sell more shares to foreign investors in 2022

CAAV allowed to decide domestic flight frequency in upcoming holiday

More capital flows come to economic, industrial parks in 2021

Top legislator hosts First Officer of Hungarian National Assembly

National Assembly Chairman Vuong Dinh Hue on January 20 hosted a reception for First Officer of the Hungarian National Assembly Márta Mátrai who is on a working visit to Vietnam.

PM directs building roadmap to welcoming foreign visitors

The Government Office has issued a dispatch on the Prime Minister’s directions about building a roadmap to open the door to welcome foreign visitors in a safe, scientific and effective manner.

Mission to promote foreign-invested capital inflows

Preparing available clean land in industrial zones (IZs) and a suitable labour force are the key factors to welcome foreign-invested capital inflows this year.

Corporate

CEO Talk Biz Link GE Vietnam Values

Vietnam, RoK businesses boost cooperation in tourism, economic recovery

Japanese firm strikes deal to join Vietnam’s LNG market

Corporate January 21, 2022 | 09:42

Vietnam, RoK businesses boost cooperation in tourism, economic recovery

The Vietnam-Korea Business and Investment Association (VKBIA) and Yongpyung Resort Group signed a Memorandum of Understanding (MoU) in Gangwon, the Republic of Korea on January 20 to boost cooperation between the Vietnamese and Korean businesses in tourism promotion and economic recovery post pandemic.

Corporate January 21, 2022 | 08:00

Japanese firm strikes deal to join Vietnam’s LNG market

The Japan Petroleum Exploration Co. Ltd. (JAPEX) and Vietnam’s ITECO JSC have freshly signed a share purchase agreement and a pact on comprehensive cooperation that involves the procurement, storage, and supply of liquefied natural gas (LNG) in Vietnam.

CEO Talk January 11, 2022 | 19:59

"It’s not too early to prepare for 6G"

it’s not too early to begin addressing the technological, regulatory, geographical, and educational challenges that will be required to make ubiquitous 6G a reality, says Ron Nersesian, president and CEO at Keysight Technologies.

Biz Link January 19, 2022 | 18:05

CMC Holdings secures a $1.5-million investment

CMC Holdings has successfully raised $1.5 million in a co-founder round to develop the digital economy ecosystem.

Investing

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

South Koreans stay at summit of flow charts

Investing January 20, 2022 | 16:59

South Koreans stay at summit of flow charts

South Korean investors have yet again managed to stay at the top of the food chain in Vietnam’s investment environment in 2021. However, their presence also entails a network of satellite businesses that leave little room for domestic competitors.

Coverage January 20, 2022 | 10:54

Scale-up seen in key foreign ventures

Vietnam has remained as a bright spot in large-scale investment attraction thanks to drastic actions in pandemic prevention and the selection of foreign-invested partners.

M&A January 21, 2022 | 08:54

CapitaLand Development divests Capital Place in Hanoi for $550 million

CapitaLand Development (CLD), the development arm of CapitaLand Group, on January 20 announced the divestment of Capital Place, its international Grade A office building in Hanoi for $550 million to an unrelated third party.

Outbound Investment January 06, 2022 | 11:47

VinFast led a $80 million funding round in Israel-based fast charge EV battery startup StoreDot

A coalition of international investors, including VinFast of Vingroup, has funded $80 million in StoreDot, an innovative firm that builds fast-charging electric car batteries.

Your Consultant

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

The rise of tech for a planet-friendly and sustainable economy

Your Consultant January 20, 2022 | 09:28

The rise of tech for a planet-friendly and sustainable economy

Shifting our economy to a sustainable state is the main objective of the 21st century, digital technology can play a part in the programme taking place at the scale of our civilisation.

Your Consultant January 13, 2022 | 15:17

Getting to grips with ESG management

Amid rapidly rising global expectations for business to adopt responsible, transparent, and effective sustainable business practices, many companies are struggling to work out what it means to them, what they need to change, and why.

KPMG December 10, 2021 | 08:00

KPMG exclusive #3: Transformative changes in mobility

Andrea Godfrey, partner, head of Global Mobility Services of KPMG in Vietnam shares how mobility and employee expectations are changing for businesses.

PwC January 08, 2022 | 15:00

The principles for emission ambition

VIR’s Van Nguyen spoke with Dinh Thi Quynh Van, general director of PwC Vietnam, about how the country can successfully carry out its commitments.

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 December 23, 2021 | 08:00

RSM Tax in Motion 2021 brings businesses up to speed on tax field updates

To update and enhance enterprises’ understanding of changes and issues in taxation, RSM Vietnam organised the Tax in Motion 2021 webinar on December 22, 2021.

ASL LAW December 16, 2021 | 13:01

Legal validity and correct application of e-contracts

A recent survey on the obstacles preventing enterprises in Vietnam from applying e-contracts for their business showed that over 300 of the 500 participants said that they were concerned about the legal validity of the e-contract. Confidentiality is also another issue causing enterprises in Vietnam to be reluctant to apply the e-contract for their business activities.

Nam Dinh Vu IP December 14, 2021 | 18:00

Specific mechanisms and policies: additional resources for Haiphong to break through

The 15th National Assembly approved Haiphong and three other localities to pilot a number of mechanisms and policies to spur development.

Indochine Counsel January 13, 2022 | 12:48

Crucial legislative developments in the bond market

The State Bank of Vietnam (SBV) has previously issued regulations on prudential ratios and limits over banking activities while recently the ability of businesses to pay loans and interest has been severely affected by the current pandemic. As a result of these twinned developments, commercial banks have become more and more cautious in granting credit.

Opinion

Novartis – A success story for a quarter of a century with great plans forward

Amitabh Dube

Country president, Novartis Vietnam

Novartis – A success story for a quarter of a century with great plans forward

Dual crowns for Nestlé in sustainability and HR

Binu Jacob

CEO of Nestlé Vietnam

Dual crowns for Nestlé in sustainability and HR

INSEE Vietnam pursues long-term values and sustainable development path

Eamon Ginley

General director at Siam City Cement Vietnam

INSEE Vietnam pursues long-term values and sustainable development path

AkzoNobel: 140 years of more than just making powder

Maximilien Schréder

Regional commercial director for the Powder Coatings business

AkzoNobel: 140 years of more than just making powder

Topics

COP26 - Together for Our Planet Healthcare Platform Digital Transformation Human Capital 4.0 Sustainable Energy Empowering Women COVID-19

Emagazine

December 27, 2021 | 07:55

PetroVietnam promoting US partnerships: The future of Vietnam’s energy industry

On November 23, 2021, a round table discussion between PetroVietnam and US investors took place with the topic of potential energy investment in Vietnam.

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.

Green Growth

Energy Efficiency Rethinking Plastics

Renewable energy ventures increasingly in vogue

Solutions coming thick and fast for draft PDP

No more wind and solar power sources to be added this year

Tra Vinh: Dong Hai I wind power plant inaugurated

Ensuring energy security vital during coal upheaval

Green Growth January 20, 2022 | 16:59

Renewable energy ventures increasingly in vogue

Businesses are exhibiting a growing appetite towards renewable energy ventures to effectively avail of recent changes to the latest national power development draft plan, as well as burgeoning opportunities on the horizon.

Green Growth January 20, 2022 | 09:33

Solutions coming thick and fast for draft PDP

The policymakers of the latest draft of Vietnam’s mammoth Power Development Plan VIII see themselves confronted with additional wind and solar demand, as well as the scrutiny of a deputy prime minister, requiring the Ministry of Industry and Trade to remedy issues to meet the national goals of energy security and net zero emissions by 2050.

Green Growth January 19, 2022 | 12:09

The role of renewables in recovery

The pandemic has demonstrated that it is better to be ready and act early and boldly. Nguy Thi Khanh, executive director of the Green Innovation and Development Centre, explains why innovation is an effective way to change behaviours fundamental in coping with health and climate threats.

Green Growth January 18, 2022 | 15:54

No more wind and solar power sources to be added this year

The Ministry of Industry and Trade will not add any more wind and solar power into this year's plan, due to a lack of input facilities to transfer them to the national grid.

Green Growth January 17, 2022 | 10:23

Tra Vinh: Dong Hai I wind power plant inaugurated

Trung Nam Tra Vinh 1 Wind Power JSC, a member of Trungnam Group, has inaugurated the Dong Hai I Wind Power Plant in Dong Hai commune, Duyen Hai district, the Mekong Delta province of Tra Vinh.

Green Growth January 13, 2022 | 14:00

Ensuring energy security vital during coal upheaval

As Indonesia unexpectedly decided to ban coal exports for the month, Vietnam’s power generators fear fuel shortages. VIR’s Van Nguyen spoke with Assoc. Prof. Dr. Nguyen Canh Nam from the Vietnam Energy Association about the ban and how it will affect the nation’s power supply.

Property

Green Buildings Industrial Properties

Cushman & Wakefield Vietnam expands talented leadership

Property January 21, 2022 | 09:33

Cushman & Wakefield Vietnam expands talented leadership

Global real estate firm Cushman & Wakefield has further strengthened its operations in Vietnam with the addition of Trang Bui as general manager and 20 market-leading commercial real estate professionals.

Property January 20, 2022 | 17:00

Reviews set after Thu Thiem episode

Real estate-backed credit packages and corporate bonds are to be strictly constrained under the fresh legislation of the competent authorities.

Green Buildings January 17, 2022 | 08:51

Webinar delves into architectural and planning solutions for sustainable cities in Vietnam

Dulux Professional from AkzoNobel, a leading company in the paints and coatings industry, has partnered with Architectural Review under the Vietnam Association of Architects to organise a webinar themed Architectural Solutions for Ecological Urban Cities.

Industrial Properties January 19, 2022 | 18:04

BW Industrial Development JSC announces acquisition in DEEP C Industrial Zones

BW Industrial Development JSC on January 19 announced the acquisition of approximately 74,000 square metres of prime land in the Bac Tien Phong Industrial Zone in Quang Ninh, developed by DEEP C Industrial Zones.

Money

Insurance Smart Payment Trends Stock Monitor

BAC A BANK to launch fresh corporate banking app version

Banks prohibited from paying dividends in cash in 2022

Money January 20, 2022 | 16:48

BAC A BANK to launch fresh corporate banking app version

On January 21, BAC A BANK will make the debut of its latest corporate banking app version with many changes in design and function, making it more convenient for users with laptops and mobile phones.

Money January 20, 2022 | 11:28

Banks prohibited from paying dividends in cash in 2022

Vietnam's commercial banks will be barred from paying cash dividends to shareholders to reduce interest rates.

Insurance January 18, 2022 | 09:52

Insurers juggle with market share shifts and moderate gains

Despite severe economic impacts caused by the health crisis, non-life insurers continue to manoeuvre through the turmoil.

Insurance January 14, 2022 | 17:00

Agribank and FWD Vietnam enter bancassurance partnership

The Vietnam Bank for Agriculture and Rural Development and FWD Vietnam Life Insurance Co., Ltd. have launched a new bancassurance partnership on January 12, designed to better meet the financial and insurance needs of Vietnamese people.

Smart Payment Trends December 22, 2021 | 14:00

M-Service becomes Vietnam's latest unicorn with valuation of more than $2 billion

M-Service JSC, the parent firm of MoMo, has just become the country's latest unicorn with a valuation of more than $2 billion in its Series E round.

Smart Payment Trends December 10, 2021 | 19:02

MBBank App makes it into the “Top Apps of 2021” by Apple Store

Apple just announced the App Store Awards 2021, with the MBBank app being the only banking application in Vietnam to make it onto the Top Apps of 2021 on iOS.

Infographics

Infographics January 10, 2022 | 10:08

Eight commodities with export value of over 10 bln USD

Electronics, computers and components, mobile phones and spare parts were among the commodities with export value of over 10 bln USD in 2021.

Infographics January 05, 2022 | 11:12

Lawmakers to make decision on four important issues

The first extraordinary session of the 15th National Assembly, which opened on January 4 and will close on January 11, aims to decide on timely fiscal and monetary policies for the implementation of the socio-economic recovery and development programme and remove legal obstacles for development.

Timeout

Travel Hotels & Restaurants The Insider Entertainment Lifestyle

Timeout January 20, 2022 | 10:52

PM directs building roadmap to welcoming foreign visitors

The Government Office has issued a dispatch on the Prime Minister’s directions about building a roadmap to open the door to welcome foreign visitors in a safe, scientific and effective manner.

Timeout January 17, 2022 | 10:01

CAAV allowed to decide domestic flight frequency in upcoming holiday

The Civil Aviation Authority of Vietnam (CAAV) has been allowed to decide on the frequency of domestic flights to meet the travel demand during the upcoming Tet (Lunar New Year) holiday, under a document signed by Deputy Minister of Transport Le Anh Tuan.

Timeout January 21, 2022 | 10:12

Tourism board proposes complete opening of market from May 1

The Tourism Advisory Board (TAB), the Private Sector Development Committee (Committee IV) and the Vietnam Business Forum (VBF) Alliance have proposed that the Government remove all domestic and international travel restrictions and completely reopen the tourism market from May 1.

Timeout January 10, 2022 | 16:34

Hung Thinh signs strategic partnership with various partners for tourism development

Hung Thinh Group, one of the major real estate developers in Vietnam, has formed a strategic partnership with Vietravel to promote tourism in Quy Nhon city.

Hotels & Restaurants January 04, 2022 | 10:18

Brilliant New Year at Four Seasons Resort The Nam Hai, Hoi an

The all-villa Four Seasons Resort The Nam Hai, Hoi An is ready to reopen on January 14, with attractive specials and savings for its guests to welcome a brighter New Year. Que Chi reviews.

The Insider January 19, 2022 | 10:01

Traditional art now undergoing digital business transformation

Online art galleries have boomed in recent times, with skyrocketing transactions taking place. Vu Huy Thong, art director of IndochineArt – Vietnam’s first online gallery – talked to VIR’s Do Huong about the movements of Vietnam’s art market over the past two years.

Lifestyle January 21, 2022 | 10:48

Hang Luoc traditional flower market opens in Hanoi

The Hoan Kiem District People’s Committee opened Hang Luoc street traditional flower market and diverse activities at Phung Hung street mural space on January 19 in celebration of the upcoming Tet (Lunar New Year) holiday.

Entertainment January 10, 2022 | 11:30

'Spider-Man' continues lifting an anemic N.America box office

After rescuing Hollywood from otherwise paltry year-end numbers, "Spider-Man: No Way Home" continued to soar this weekend, leading the North American box office with an estimated take of $33 million, industry watcher Exhibitor Relations reported Sunday.

Videos

Red River Delta listed among 52 best travel destinations in 2022

Six countries and territories agree to reopen flights with Vietnam

Enterprises optimistic about production and business in 2022

Vietnam an important market of Japanese retail groups

Samsung plans to invest 850 mln USD in Vietnam subsidiary

President Nguyen Xuan Phuc meets with Cambodian Prime Minister

Quang Nam anticipates recovery in tourism industry

Vietnam crowned Asia's best river cruise destination

Digital transformation: Driving growth and innovations with 5G

5G - an indispensable foundation in implementing digital economy

Vietnam among top 10 IT product exporters globally

Sports

Sports January 21, 2022 | 09:28

Park Hang-seo names squad for Australia game in World Cup qualifiers

Head coach Park Hang-seo on January 20 announced the 24-man squad for Vietnam’s upcoming away match against Australia in the final round of the 2022 FIFA World Cup Asian qualifiers, according to the Vietnam Football Federation (VFF).

Sports January 17, 2022 | 17:14

Preparation accelerated for SEA Games 31

Relevant agencies and localities in Vietnam are speeding up preparations for the 31st Southeast Asian Games (SEA Games) which is scheduled to be held from May 12 to 23 this year.

Sports January 17, 2022 | 10:20

Women’s football team arrives in India for Asian Cup finals

Ten members of the national women’s football team, including head coach Mai Duc Chung, arrived in India’s Pune city on January 16 for the 2022 Asian Football Confederation (AFC) Women’s Asian Cup.

Sports January 14, 2022 | 09:59

Stumbling PSG hope to rediscover form in depleted Ligue 1

After the French league's sputtering return with three top-flight matches postponed due to Covid-19, clubs approach this weekend again depleted by illness as well as absences at the Africa Cup of Nations.

Photos

Photos January 14, 2022 | 10:40

Northwest resplendent in wild peach blossoms

During the Spring, the entire mountains and forests of Vietnam’s northwest region are resplendent with the pink hue of “To Day” (wild peach flowers).

Photos November 23, 2021 | 09:58

Hanoi to launch new housing projects

The capital city of Hanoi is expected to launch 11 new housing projects in the fourth quarter of this year, providing the market with 7,900 apartments. The new condominiums are located in the districts of Gia Lam, Hoang Mai and Tu Liem.

Photos November 14, 2021 | 11:32

Bac Lieu prioritises renewable energy

The Mekong Delta province of Bac Lieu has chosen renewable energy as one of its top priorities, aiming to restructure the economy towards green growth and sustainable development.

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.

Society

Swing for the Kids CSR

Gov’t approves 2021-2025 national target programme on sustainable poverty reduction

Trung Luong-My Thuan expressway opens to traffic

Society January 20, 2022 | 11:01

Gov’t approves 2021-2025 national target programme on sustainable poverty reduction

Permanent Deputy Prime Minister Pham Binh Minh has recently signed a decision approving the national target programme on sustainable poverty reduction for the 2021-2025 period with total funding of at least 75 trillion VND (3.3 billion USD).

Society January 19, 2022 | 16:47

Trung Luong-My Thuan expressway opens to traffic

President Nguyen Xuan Phuc on January 19 attended a ceremony to open the main road of Trung Luong-My Thuan expressway, a key route linking the Mekong Delta with Ho Chi Minh City and localities in the southern key economic region.

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.

CSR January 19, 2022 | 10:13

Ngoi Sao Nho Kindergarten received Lunar New Year donations from Royal London Vietnam

On January 15, Royal London Import-Export Ltd. organised with the Binh Duong Youth Worker and Labour Support Centre and the Tam Long Vang Fund of the Lao Dong Newspaper the event Xuan Cong Nhan for the Ngoi Sao Nho Kindergarten in Binh Duong.

CSR January 13, 2022 | 13:26

Red Bull and Warrior spread positive energy to the community

Behind the energy drink brands Red Bull and Warrior, familiar to Vietnamese consumers, is the host company TCPVN. Along with being famous for its high-quality products, the business also strives to create sustainable values for the community and society.