The Hanoi Tourist Corporation (Hanoitourist) and the Republic of Korea’s Global Consultant Network Company Limited (GCN) have signed an investment cooperation agreement for building a five-star complex in Hanoi's Soc Son district that will include a horse racetrack.

Vietnam has recently been designated one of the five key markets in a three year program in a new Polish trade promotion effort. 

Football gambling will be trialed for five years, both online and in betting shops, with a restricted distance between the shops and schools or children’s playgrounds, the government has recently announced.

The Dung Quat Bio Ethanol Plant owned by the Vietnam National Oil and Gas Group (PetroVietnam) has ceased operations after racking up debts with three local banks.

Japanese retail group Takashimaya will launch its first-ever trade center at the Saigon Center in Ho Chi Minh City on July 30, with investment of US$25 million.

Many cement and steel manufacturers, civil engineering and agricultural companies have added real estate development onto the lists of their strategic business fields. They have become new but powerful players in the market.

Tuan Chau, Vingroup, Hoan Cau and FLC – the biggest real estate groups – are trying to build their brands and polish their images by organizing beauty contests. 

Foreign motorbike manufacturers have earned billions of dollars in Vietnam, a market with 90 million people and 45 million motorbikes.

Yasuo Fujita, Chief Representative of the Japan International Cooperation Agency (JICA) in Vietnam, tells VET Online that Japanese ODA has been implemented successfully and effectively in the country.

A number of IT service companies in Vietnam could secure external clients and throw out a challenge to the dominance of India and the Philippines in IT outsourcing.