laying foundations for advancement

Laying foundations for advancement

With success in coping with the global virus outbreak, Vietnam is already becoming more appealing to investors in Asia, but bottlenecks need to be removed at speed as global enterprises review their investment policies to reduce potential risks.
drinks groups facing double 2020 sales hit

Drinks groups facing double 2020 sales hit

After gaining sweet fruits for years, giant beer and beverage companies in Vietnam are facing losses due to not only the ongoing health crisis, but also tightened drink-driving penalties. The question remains unknown as to how they get back on a level pegging.
calls made for fit extension in light of pandemic dilemma

Calls made for FiT extension in light of pandemic dilemma

With Vietnam struggling alongside the rest of the world in attempting to overcome the coronavirus pandemic, the government has taken solutions to fuel the energy sector. However, efforts to keep projects on track remain uncertain as investors’ confidence is hit by the ongoing crisis.
owners of metropole hanoi proposed for hotel operation extension to 70 years

Owners of Metropole Hanoi proposed for hotel operation extension to 70 years

The Hanoi People’s Committee has just proposed the government to extend the operational duration of boutique hotel Metropole Hanoi to 70 years, surpassing the framework of current regulations.
insee intensifies support for kien giang province

INSEE intensifies support for Kien Giang province

INSEE Vietnam last week offered a further VND500 million ($21,740) to support coronavirus prevention and help people suffering from severe drought and saline intrusion in the Mekong Delta province of Kien Giang.
carmakers hit the brakes over newest emergency measures

Carmakers hit the brakes over newest emergency measures

Auto manufacturers are looking at bleak prospects as the global pandemic weakens sales and pushes them to temporarily suspend production, with the trend expected to continue through April at least.
moit advocates care with outbound trade

MoIT advocates care with outbound trade

Amid the surging global demand for food and foodstuffs due to the coronavirus outbreak, Vietnam is examining its export capabilities to secure the domestic supply. Deputy Minister of Industry and Trade Tran Quoc Khanh told VIR’s  Phuong Thu about his ministry’s new export policy proposal and the upcoming scenarios.
wind power investors yearn for preferential fit deadline extension

Wind power investors yearn for preferential FiT deadline extension

Amidst mounting challenges, wind power investors are proposing authorised management agencies an extension of the current preferential pricing (feed-in-tariff) scheme to the end of 2022, instead of the current November 1, 2021 deadline.
financiers race to cash in on wind

Financiers race to cash in on wind

While Vietnam’s wind investors are in a race to reap incentives before the November 2021 deadline hits, concerns remain that a boom in solar power projects will lead to a reduction in capacities.
samsungs rd plans in vietnam proceed at full tilt

Samsung’s R&D plans in Vietnam proceed at full tilt

Samsung’s largest research and development activities in Vietnam are scheduled to kick off imminently, further strengthening Vietnam’s status as an attractive investment destination for major multinationals.
samsung starts construction of new rd centre in vietnam

Samsung starts construction of new R&D centre in Vietnam

Samsung Electronics Vietnam announced that it started construction of its largest R&D centre in Southeast Asia at the new township of Tay Ho Tay in Hanoi, Vietnam.
pizza thanh long more than a pizza

Pizza Thanh Long: more than a pizza

Pizza Thanh Long, a novel product made from Thanh Long (Blue Dragon fruit) of the local Pizza Home chain, is the new fever in Hanoi these days. Hoang Tung, CEO of Pizza Home, has no intention of easing off the gas, with works already underway to launch Pizza Dua Hau (watermelon pizza) and other fresh fruit pizzas purely made from local agricultural materials.
banpu enters vietnamese power generation market

Banpu enters Vietnamese power generation market

With the recent construction, Thailand’s Banpu Power Pcl. is cementing its footprint in Vietnam, taking the view that the country is a more promising investment destination.  
latest skirmish shows motorcycle rivalries

Latest skirmish shows motorcycle rivalries

Controversies between makers of traditional and electric motorbikes and scooters have again arisen after electric newcomer Pega used comparative marketing strategies to try and get the upper hand on Vietnam’s top motorbike producer, Honda.
us ties expand on back of power plans

US ties expand on back of power plans

Vietnam is diversifying its sources of power in the direction of reducing coal-fired power and raising the share of renewable energy and liquefied natural gas-based power, creating a new race for investors as well as helping to balance bilateral trade and deepen economic interests between the United States and Vietnam.