Vietnam reaking news

Update news Vietnam reaking news

Sun Group confirmed as sole casino operator in Van Don

 A recent document issued by the Quang Ninh People’s Committee stated that real estate developer Sun Group is the only one chosen to develop a casino in Van Don Economic Zone.

China imports half of Vietnam’s crude oil in first quarter

 China imported up to half of Vietnam’s exported crude oil in the first quarter of this year, according to the Vietnam General Customs Department.

New railway leader vows to improve services and cut fares

 There will be major changes in railway services in Vietnam including early booking and big promotions according to the newly-appointed chairman of the Vietnam Railways Corporation, Vu Anh Minh.

IMF forecasts growth of 6.5% for Vietnam in 2017

 Vietnam’s GDP growth in 2017 has been projected at 6.5 per cent and CPI 4.9 per cent in the IMF’s World Economic Outlook (WEO) released on April 19.

Sabeco reports gains, urges additional divestment

Sabeco reported good profit for 2016 and requested the Ministry of Industry and Trade to hasten its equitisation this year, said Sabeco’s chairman Vo Thanh Ha at the company’s 2017 annual general meeting held on Tuesday.

Merger plans to create VN’s largest sugar company

 Thanh Thanh Cong Tay Ninh and Bien Hoa sugar companies plan to merge to create the largest sugar company in the Viet Nam’s stock market.

Vietnam beer consumption to top 4 billion litres this year

 Vietnamese beer consumption is predicted to reach 4 billion litres in 2017, up from 3.78 billion litres in 2016.

Survey reveals Vietnamese prefer American cosmetics

 The cosmetics industry in Vietnam has experienced a burgeoning demand for premium products over the past decade, driven by a fast-growing market of women who increasingly want to buy luxurious products, say market researchers.

Police struggle to combat drug border trafficking

 Despite positive steps in anti-drug efforts, drug smuggling has continued seemingly unabated, especially in border areas.

Petrolimex’s foreign ownership cap at 20 percent

 The State Securities Commission (SSC) has endorsed the ceiling foreign ownership level at the Vietnam National Petroleum Group (Petrolimex) at 20 percent as approved by Prime Minister Nguyen Xuan Phuc last year.

Enterprise development in Vietnam

 Enterprise development in Vietnam

Vietnam's capital market lagging behind

 Vietnam has been listed among emerging capital markets that are significantly behind developed markets, with considerable financial, human, and social costs, according to a new research report released by McKinsey.

Vietnam plans direct air route to the US

 The Civil Aviation Authority of Vietnam is completing procedures and improving the local aviation industry's capacity in order to open a direct air route to the US. 

Fertiliser businesses call for domestic protection

The Viet Nam Competition Authority (VCA) issued a document last week certifying that the domestic fertiliser companies’ dossiers on the possibility of applying trade defence instruments are valid.

Foreign investors find dreams come true in Danang property

 The sharp increase in the number of real estate investments shows the attractiveness of the new policy for foreign-owned properties in Vietnam, particularly in the high-end apartment segment of Danang.

HCM City: $440mil. for developing industry, support industry

 Industry and support industry enterprises in HCM City will have chance to access a credit package worth $439.7 million in a programme launched by the municipal Department of Industry and Trade and VietinBank.

Sabeco to push ahead with equitisation in 2017

 The Saigon Alcohol, Beer and Beverages Corporation (Sabeco), a leading brewer in Vietnam, will step up selling the State capital in this firm in 2017 as ordered by the Government and the Ministry of Industry and Trade.

Vietnamese sustainable businesses ranking programme 2017 launched

 A programme ranking the most sustainable businesses in Vietnam in 2017 was launched on April 18 in Hanoi.

Japanese investors partner up to develop $352-million Mizuki Park

Real estate developer Nam Long has joined with Japan’s Nishi Nippon Railroad and Hankyu Realty to develop a new project named Mizuki Park with the investment capital of $325 million in HCM City.

FDA warns Vietnam largest processor over seafood poisoning

 Vietnamese Ba Hai Company Limited received a warning letter dated March 21, 2017 from the US Food and Drug Administration (FDA) over its fish and fishery products examined at an importer located in America.