Vietnam reaking news

Update news Vietnam reaking news

Prime Minister values WB’s role in Vietnam’s development

 Prime Minister Nguyen Xuan Phuc received World Bank (WB) CEO Kristalina I. Georgieva in Hanoi on March 23, valuing the WB’s role in Vietnam’s socio-economic development, especially in poverty elimination.

PV Power to launch IPO this year

 The electricity producer PetroVietnam Power Corporation (PV Power) plans to hold its first initial public offering (IPO) and seek strategic partners this year, PV Power’s representative told vneconomy.vn.

Derivatives problems addressed

 The Finance Ministry has issued a new circular to help resolve problems in the development of the derivatives market.

Vietnam’s 100 Best Places to Work revealed

 Unilever, Vinamilk, Nestle, Microsoft and IBM topped the list of Viet Nam’s 100 Best Places to Work last year in a survey released on Wednesday by executive search company Anphabe and market research firm Nielsen.

Transport, retail firms make unexpected business moves

 Many big firms in retail and passenger transport are now expanding their business by selling various unrelated products.

Transport Ministry wants Uber to follow rules

 Minister of Transport Truong Quang Nghia has announced that State management towards Uber solely aims to ensure that the transportation company’s operations in Vietnam comply with regulations.

Japanese investors shift eye to service sector

 Japanese investors have shifted their focus from manufacturing industry to service as the growing domestic market in Vietnam offers a very promising prospect for the sector.

Swiss Council of States President to visit Vietnam

 President of the Council of States of Switzerland Ivo Bischofberger will make an official visit to Vietnam between March 28 and 31.

Uncertain times

Losses recorded by Tiki, one of Vietnam’s most popular e-commerce providers, raises questions about the state of the industry.

Understanding Vietnamese wealthy

According to the 2016 Wealth Report, Vietnam had 168 super-rich people in 2015 and the number is going to increase to 403 by 2025. Seven out of the ten richest people on the Vietnamese stock market trade in real estates.

In better shape

 Mr. Atsusuke Kawada, Chief Representative of the Japan External Trade Organization (JETRO) in Hanoi, tells VET’s Quynh Nguyen about Vietnam’s business climate in 2016 and his expectations for the years ahead.

Route to success

 It may seem the sky’s the limit for Vietjet Air following its recent IPO but some turbulence may lie ahead.

Asia-Pacific Financial Inclusion Summit opens in Hanoi

 The 2017 Asia-Pacific Financial Inclusion Summit themed “Advancing Financial Inclusion in a Digital Age” opened in Hanoi on March 21.

Doubts about upcoming HoSE heavyweight Petrolimex’s prospects

A scheduled listing on stock exchange is causing the price of the stock of Petrolimex’s stock to soar, however, there are many factors that may make the stock not as attractive as investors speculate.

IFC gives US$80 million credit package to VPBank

 The International Finance Corporation (IFC), the private equity arm of World Bank group, has sanctioned an additional US$80 million credit package to Viet Nam Prosperity Bank (VPBank).

Vietnam faces steady fall in coffee productivity

Coffee productivity in the Central Highlands, the country’s key coffee growing area, has steadily declined over time, driven by climate change and plant diseases.

Race to compete

 Local automakers have it all to do as tariffs on imported CBU vehicles from ASEAN are cut.

Struggle to survive

 Shopping mall developers need to think carefully when trying to carve out a market share in Vietnam.

Daily fruit and vegetable imports top $2.9 million

 Vietnam spent up to $194 million on fruit and vegetable imports between January and March 15 this year, equal to around an average USD2.9 million per day.

Ministry raises warnings over Brazilian rotten meat scandal

 Local authorities in Vietnam have warned about the large import of meat from Brazil following a recent rotten meat scandal in the South American country.