Vietnamese businesspeople dream of reviving traditional silk weaving, and In order to do this, they need to find suitable modern technologies.

 In many ‘duels’, it is not the foreign giants with powerful financial capability and experience, but rather the Vietnamese conglomerateswho are the winners.

Rocket Internet has sold its business rights of Zalora Vietnam and Zalora Thailand to Thailand’s Central Group for US$20 million or US$10 million each, Techcrunch has reported.

With Idemitsu and its partner KPI planning to distribute petroleum products from Nghi Son Oil Refinery, a way out for Nghi Son has been found. 

According to the Wall Street Journal, Tan Hiep Phat Beverage Group, one of the largest drink firms in Vietnam, is seeking foreign investors, through selling a minority stake. According to a close source, if the deal is completed, Tan Hiep Phat can be valued up to US$2 billion.

Though demand has increased as foreigners are now allowed to own houses in Vietnam, real estate developers dare not raise selling prices.

Vinh Hy Bay is known for the blue sea, white sand and relatively unspoiled landscape, suitable for those who love adventure traveling and the sea world.

Vietnam, an agricultural country which has great advantages to produce natural foods, still has to import products of this kind for domestic consumption.

More than 20,000 businesses were dissolved or stopped operation within one quarter. 

More than 60% startups have been using information technology (IT) in their business. Small and medium enterprises now tend to use IT to create their competitiveness, but the IT application index remains modest.