Vietnam is proactively building nests, including developing industrial zones, to attract “eagles” and “sparrows” – investors of every scale who are planning to relocate facilities to Vietnam to enjoy the benefits of the EU-Vietnam Free Trade Agreement as well as those moving factories out of China.

In early August 2020, after considering comments from voters, the management of Kien Giang province in the Mekong Delta submitted to the government a plan to turn Phu Quoc Island district into Phu Quoc city. Will the changes lend new vitality to the island district’s real estate market and what segment will be the apple of investors’ eye?    

While Vietnam has experienced an unprecedented boom in recent decades, the current pandemic is now having a clear negative impact on the economic outlook. The effects of the crisis, into which Vietnam has fallen completely through no fault of its own, are visible to the naked eye. In Mui Ne for instance, there are only very few guests at the resorts. Ho Chi Minh City’s otherwise lively District 1 restaurants are deserted, and in Hanoi’s Tay Ho district, rents are falling due to a lack of tenants. There are countless other examples. In short, the crisis is felt everywhere. However, these are only the indicators that are quickly recognisable from the outside. Foreign trade, investments, and the not negligible remittances from overseas Vietnamese are also putting pressure on the economy. It is clear to every observer that economic recovery will be a Herculean task. But what can Vietnam do to reposition itself powerfully and finally emerge from the crisis stronger? 

Hanwha Life Insurance, the second-largest life insurer in South Korea, has stated that it would invest approximately $400 million in KKR & Co.’s new Asia-centric buyout fund that has recently wrapped up its fundraising of a record $12 billion.

According to US Supreme Court Justice Wendell Holmes, Jr, "Taxes are what we pay for civilised society”. And just like the societies we live in, tax laws must evolve and adapt to new circumstances and challenges in order to pay for the provision of government goods and services as well as the infrastructure we rely upon to lead our daily lives. 

Luxshare factories were found somewhat lacking in human resources capacity by Apple to begin iPhone manufacturing in Vietnam.

It can be difficult to find anything positive in what can appear to be a sea of bad news – trade numbers that continue to show declines, businesses grappling with existential threats to their operations, individuals receiving lay-off notices, and COVID-19 case numbers that continue to rise.

While life insurers continue to embark on their transformation journey to gain customers’ trust, non-life insurers are likely to dance on the razor’s edge as the pandemic re-emergence exerts pressure into the sector.

Vietnam’s nightlife has been somewhat restricted due to previous curfews. With the newly-approved night-time economy project, the government now opens doors for the nightlife to thrive, promising to increase business opportunities for locals and entice visitors to the country in the future.

Businesses of all sizes have been negatively affected by this year’s pandemic in varying ways. Le Quan, Deputy Minister of Labour, Invalids, and Social Affairs (MoLISA) explains to VIR’s Hoang Oanh the support being offered by the ministry in order to stabilise the labour market in Vietnam, and provides insight into what the remainder of the year may hold.

Kylian Mbappe said on Tuesday he would remain with French champions Paris Saint-Germain next season "whatever happens" despite constant speculation over his future.

The incorporation of compliance with the International Financial Reporting Standards (IFRS) in the Enterprise Resource Planning (ERP) system implementation will greatly benefit enterprises in terms of operation management as well as investment efficiency. ERP is a system that integrates all economic activities of an enterprise on one platform, and by doing that, systemises all business processes and information across the organisation.

The Ministry of Health has made advancements in regulations to facilitate multinational pharmaceutical corporations and to make them align with the EU-Vietnam Free Trade Agreement. However, some concerns remain. Nitin Kapoor, vice chairman of Pharma Group under the EuroCham in Vietnam, talked with VIR’s Bich Thuy what impact the changes had on its members, and their preparations to benefit from the promising chances after the transition.

As the COVID-19 outbreak spreads, thousands of Vietnamese students studying abroad hurriedly headed home before national borders were closed. Until now, it is still not known when the pandemic will really end and international flights resume, and many of the returning students have chosen to study at home.

Manchester City can breathe easy after avoiding the painful consequences of a two-season ban from European competition as a result of their successful appeal to the Court of Arbitration for Sport.