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Tag Archive for ‘Asia’

FDI to Vietnam is mostly from Asia, with South Korea ranked first

The great advantages of Vietnam’s business environment and its membership in FTAs and the AEC have helped to attract many investors from Asia. The Ministry of Planning & Investment (MPI) report said that in the first eight months of the year, foreign investors pledged to invest $23.36 billion in Vietnam, an increase of 45 percent […]

Vietnamese leader Nguyen Van Binh attends third Eastern Economic Forum

Head of the Vietnamese Party Central Committee’s Economic Commission Nguyen Van Binh is currently attending the third Eastern Economic Forum which opened in Vladivostok city, Russia, on September 6. This year’s forum themed ‘The Russian Far East: Creating a New Reality’ has attracted the participation of nearly 5,000 delegates who are State leaders, entrepreneurs, experts […]

Vietnam to build customs bond system

The Global Alliance for Trade Facilitation (GATF) will help Viet Nam to establish a customs bond system – part of the country’s efforts to modernize and reform administrative procedures relating to import and export. The GATF and the Viet Nam Private Sector Forum (VPSF) launched their joint project on customs bond last Friday, aimed at […]

Vietnam’s real estate remains 2nd largest FDI lurer

Despite having fallen to the fourth position in terms of foreign direct investment in the first eight months of 2017, the real estate sector remains the second-biggest recipient of this type of investment to date. According to the Ministry of Planning and Investment’s Foreign Investment Agency, between January and August 20, the real estate sector […]

Vietnamese manufacturers ‘forget’ food market for Muslims

The food market for Muslims is vast, with estimated value of $580 billion worldwide, but Vietnamese enterprises still have no business strategies to conquer the market. Nguyen Phi Van, franchise advisor to the Malaysian government, met with 10 Vietnamese businesses before they attended a trade fair in Thailand in early August. The businesses included well-known […]

Savills: Opportunities in underground urban planning

The construction and development of underground urban areas is an indispensable trend in modern urban development, according to Savills Vietnam. In the case of Ho Chi Minh City, the consultancy firm emphasizes the potential for real estate segments to be formed in underground areas. Planning vision According to Savills’ Research Department, the world’s first-ever underground […]

Old Navy opens the first store in Hanoi

Old Navy, one of the famous brands under Gap Inc. from the US, officially opened its first store in Hanoi at a prime location in Vincom Nguyen Chi Thanh. In particular, Old Navy debuted on September 1. On the 655-square-metre space at Vincom Nguyen Chi Thanh, the store displays the typical fashion products of the […]

Vietnam to see cut throat competition in petroleum market

Formerly a country that exported crude oil at low prices, Vietnam now produces petroleum products which can satisfy half of domestic demand. Vietnam’s oil refining industry is built based on two huge projects capitalized at multi-billion dollars – Dung Quat Oil Refinery and Nghi Son Petrochemical & Oil Refinery Complex. In 2009, the $3 billion […]

Bargasse based electricity a possibility

Vietnam Sugarcane and Sugar Association (VSSA) hopes to set up power plants that run on sugarcane by-products. Phạm Quốc Doanh, VSSA’s Chairman, said at the fifth annual International Sugarcane Conference that Việt Nam’s 41 sugar factories annually produced up to 4.5 million tonnes of bagasses, the fibrous remains after the juice is extracted from the […]

Modern bond project launched to facilitate customs clearance in Vietnam

A project on customs bond was launched by the Global Alliance for Trade Facilitation (GATF) and the Vietnam Private Sector Forum (VPSF) on September 1, aimed at facilitating customs clearance in Vietnam. This is the start of the GATF Technical Assistance Project with the Government of Vietnam to provide a viable solution for the country […]