Manufacturing-processing leads in FDI attraction

Manufacturing-processing leads in FDI attraction

The manufacturing-processing industry absorbs more than half (57.9%) of the foreign direct investment (FDI) inflow into Vietnam over the past years to May 2018, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Fertiliser stocks shoot up due to VAT change

Fertiliser stocks shoot up due to VAT change

Fertiliser stocks are surprising the market with many large names hitting the ceiling prices, mainly due to the Ministry of Finance’s decision to make fertiliser subject to VAT at the preferential rate of 5%.

Vietnamese logistics industry short of personnel

Vietnamese logistics industry short of personnel

Despite its huge potential and forecasted annual growth rate of 12 per cent, as well as import-export turnover reaching $623 billion by 2020, the Vietnamese logistics industry is facing difficulties in enlisting personnel, especially skilled employees.

Vietnam’s aviation market heats up

Vietnam’s aviation market heats up

Sixty-three foreign airlines from 25 countries and territories will have 105 international air routes to Vietnam by October 2018, a sharp increase compared with 2016 when there were 78 air routes.

Da Nang seeks EU investment

Da Nang seeks EU investment

The central city of Da Nang has been compiling simplified investment procedures to support European businesses with more transparency and a reduction in informal charges.

Ho Chi Minh City in property boom

Ho Chi Minh City in property boom

The HCM City housing market will continue to grow this year, especially the VND1 billion (US$44,000) condo segment, the HCM City Real Estate Association (HoREA) has predicted.

Hanoi leads in six-month FDI attraction for first time

Hanoi leads in six-month FDI attraction for first time

Hanoi drew in more than US$5.9 billion in FDI in the first half of 2018, making it the country’s largest six-month FDI attractor for the first time in three decades, said Chairman of the municipal People’s Committee Nguyen Duc Chung on June 17.

Investor of Trung Luong-My Thuan Expy gets funds for construction

Investor of Trung Luong-My Thuan Expy gets funds for construction

The investor of the Trung Luong-My Thuan Expressway has negotiated an agreement with four local banks to receive VND6.86 trillion (US$298.7 million) to develop the long-delayed build-operate-transfer (BOT) expressway project, the Government news website reports.

Grabbing Grab’s share a tough ask in Vietnam

Grabbing Grab’s share a tough ask in Vietnam

After Uber Technologies Inc sold its ride and food-delivery businesses in Southeast Asia to bigger regional rival Grab last March, Vietnamese firms have tried to chip away at Grab’s dominance.

Beauty spas targeting Koreans thrive in Da Nang

Beauty spas targeting Koreans thrive in Da Nang

The number of beauty spas catering to Korean visitors to Da Nang, central Vietnam, is racing to meet the demands of the 575,000 tourists from the East Asian country who visit the city each year.

Cashew industry suffers from weakness

Cashew industry suffers from weakness

Vietnam is expected to remain the world’s No. 1 cashew nut exporter in 2018 with a global market share of 65%, but local cashew enterprises have operated inefficiently, facing numerous problems, including shortages of raw materials and thin profit margins, Nguoi Lao Dong newspaper reported.