Philippine media praises Vietnam’s industrial development World

Philippine media praises Vietnam’s industrial development

The website Inquirer.net of the Philippines published an article on July 17 titled “Vietnam is Southeast Asia’s new industrial powerhouse”, affirming Vietnam has switched from an agricultural economy to one of the brightest manufacturing hotspots in the region over the last 20 years.
Foreign e-commerce firms accept losses in Vietnam Business

Foreign e-commerce firms accept losses in Vietnam

Many foreign giants have invested in Vietnam’s leading e-commerce platforms even as they incur big losses, as they continue to see the long-term potential of the country’s rapidly expanding online shopping sector.
Premium product market to take off in Vietnam Business

Premium product market to take off in Vietnam

Mollis organic towels of PhongPhu Corporation have received “very good response” in the market after being launched last year, a sign that premium products are becoming more popular in Vietnam.
Da Nang seeks EU investment Business

Da Nang seeks EU investment

The central city of Da Nang has been compiling simplified investment procedures to support European businesses with more transparency and a reduction in informal charges.
GDP not an ideal indicator for growth, says Nobel laureate Business

GDP not an ideal indicator for growth, says Nobel laureate

About two years ago I read on Viet Nam News about the willingness of the Vietnamese Government to let foreign companies set up shop in Vietnam, which I think is a good idea in developing economies. In the initial stages, typically an economy doesn’t have all the skills needed for growth to get momentum.
Banks eye consumer finance for bigger share Business

Banks eye consumer finance for bigger share

Several banks are keen to establish consumer finance arms to grab a bigger share of a market that is expected to reach 1,000 trillion VND (4.38 billion USD) by 2020 and grow at 29 percent annually.
Experts: Vietnam needs better logistics Business

Experts: Vietnam needs better logistics

Vietnam needs to simplify its visa applications and procedures for foreign companies to enter the country so the logistics industry can attract more foreign business partners, representatives of logistics companies have said.
Market to bode well for coffee export Business

Market to bode well for coffee export

Vietnam’s coffee exports are expected to rise in 2018 thanks to projected annual increases of 7.1 percent for domestic yield and 1.3 percent for global consumption in 2017-18 crop.
PV Oil stakes entice eight foreign investors Business

PV Oil stakes entice eight foreign investors

Eight investors have registered to become strategic shareholders of the Vietnam Oil Corporation (PV Oil) as of January 10, PV Oil CEO Cao Hoai Duong confirmed on the sidelines of the corporation’s roadshow.
Japanese firms seek more staff Society

Japanese firms seek more staff

Japanese companies in Vietnam are seeking more personnel, especially at the managerial level, as investment from Japan has risen greatly in recent years.