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Tag Archive for ‘Asia’

Vietnam PM launches construction for Vingroup’s automobile manufacturing complex

Prime Minister Nguyen Xuan Phuc made an order to launch construction of VINFAST – an automobile manufacturing complex invested by Vietnam’s largest real-estate company Vingroup, in the northern port city of Hai Phong on September 2. Speaking at the ceremony, PM Phuc said that this is one of many significant events to celebrate on the […]

Work starts on first Vietnamese automobile manufacturing complex

Prime Minister Nguyen Xuan Phuc attended a ceremony in the northern port city of Hai Phong on September 2 to start the construction of the first Vietnamese automobile manufacturing complex in Dinh Vu – Cat Hai economic zone. Invested by Vinfast manufacturing and trade Ltd company – an affiliate of real estate developer Vingroup, the […]

Standing witness to Vietnam’s rise

On the occasion of Vietnam’s National Day on September 2, VIR gets an insight into foreign CEOs’ thoughts and feeling about the country’s vitality and development, and why Vietnam has become their home away from home. Ronan Le Bihan  CEO at Mango Bay Resort, Phu Quoc In 2002, I was offered a position for the […]

Vietnamese consumers prefer small convenience stores over giant supermarkets

Some years ago, analysts predicted that modern distribution channels would develop rapidly in Vietnam as income continued to rise. The prediction has been realized, but convenience stores, not large supermarkets, are the favored channel. Market analysts have found that consumers now prioritize convenience when choosing shops. They are no longer excited about the opening of […]

Foreign retailers ramp up investment in Vietnam

Earlier, numerous giants in the retail sector have entered the Vietnamese market and now, many of them are planning to enhance investment and expand their businesses to exploit market potential. Enhancing investment in Vietnam Recently, when talking with VIR, Yasuo Nishitohge, general director of AEON Vietnam Co., Ltd., said that Vietnam has great potential in […]

Large-scale investments promise FDI breakthrough in Vietnam

Many large-scale investment projects and cooperation agreements have been signed for the near future, promising a breakthrough in foreign direct investment (FDI) attraction in Vietnam. Just in the last 10 days, numerous investment cooperation agreements have been signed within the framework of Party General Secretary Nguyen Phu Trong’s visit to Indonesia and Myanmar and Prime […]

Grab and Uber fined, Mai Linh and Vinasun losing value

From early 2017, nearly 100 Grab and Uber drivers have been financially penalized for nearly VND350 million (15,400) due to lack of listed identification information, such as name and phone number of the companies. At the same time, both Grab and Uber still enjoy substantial growth in customer base, while traditional taxi operators Mai Linh […]

Asia’s biggest MDF wood factory begins operation in Vietnam

VRG Dongwha Joint Stock Company on August 28 officially operated the biggest Medium Density Fibreboard (MDF) wood factory in Asia at Minh Hung III Industrial Zone in Chon Thanh District, Binh Phuoc Province. VRG Dongwha MDF is a joint venture between Vietnam Rubber Group and Dongwha Group from the Republic of Korea. The factory was […]

Vietnamese exporters urged to follow rules

Vietnam should strictly follow and continuously update its policies and regulations when exporting products to the United States, which is considered a difficult market with rigorous requirements. This issue was discussed by delegates at a forum on Food Security titled “Market Development for Vietnamese Goods”, co-hosted by the American Chamber of Commerce in Vietnam (AmCham […]

Speculative stocks heat the Vietnamese market

Both local stock indices advanced yesterday, with investors pouring money into speculative stocks for short-term profits. The benchmark VN-Index on the HCM Stock Exchange rose 7.3 per cent to close at 777.26 points. The southern market index has gained 1.4 per cent in the last three sessions in the previous week. On the Hà Nội […]