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Tag Archive for ‘Japan’

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’s paper imports from US rise high

Paper imports from the US skyrocketed 203.4% to 17,700 tons in the first seven months of this year, according to latest statistics from the General Department of Vietnam Customs. The Department reported that July was the second month of this year seeing a decline in paper imports with 169,900 tons valued at US$136.3 million, down […]

Ha Noi and Osaka air route launched

The budget carrier Jetstar Pacific Airlines officially launched direct air routes linking Hà Nội, Đà Nẵng City and Japan’s Osaka City last week. With the launch, Jetstar became the first low-cost airline to offer direct service between Việt Nam and Japan. The airline operates four round trips per week using the 180-seater Airbus A320 on […]

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 […]

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 […]

Dong Nai records US$1.4 billion trade surplus in eight months of 2017

The southern province of Dong Nai enjoyed a trade surplus of nearly US$1.4 billion in the first eight months of the year, according to the provincial Statistics Office. In the eight-month period, the province shipped nearly US$11 billion worth of products to foreign countries, a year-on-year increase of 11 percent. The trade surplus was contributed […]

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 […]

PetroVietnam to begin large-scale divestment

Vietnam National Oil and Gas Group (PetroVietnam) will complete the divestment from several subsidiaries by 2020, according to newswire Petrotimes. Accordingly, PetroVietnam is permitted to retain its entire holdings in only three subsidiaries, namely the parent company PetroVietnam, National Southern Spill Response Centre (Nasos), and PetroVietnam Manpower Training College. PetroVietnam will have to divest part […]

Experts divided on recognizing bitcoins, Vietnam central bank says no

Hundreds of thousands of retail points in Japan are accepting payments in bitcoin for both online and on-the-spot transactions. The Vietnamese government has approved a plan for a legal framework to manage and deal with electronic money, virtual assets and currencies. This has raised hopes that bitcoin and other virtual currencies would be accepted for […]