Foreign petrol distributors have set foot in the Vietnamese market, but they will have to confront Petrolimex, the giant which holds 50% of market share, and other rivals.
With the VN Index increasing sharply by 48 percent in 2017, stocks were the assets with the highest profitability. No other assets, except bitcoin, brought such impressive profits.
Vietnamese enterprises made hefty investments in automobile manufacturing projects in 2017, with the aim of becoming an automobile production center in SE Asia.
Hanoi will strictly control motorbikes in 2018 and prohibit them in inner city areas by 2030.
A number of startups successfully called for millions of dollars from foreign investors in 2017.
Vietnam’s water resource security is facing challenges at a time of climate change.
Many records related to capital transfer affairs were broken in 2017.
The biggest M&A deals were in a variety of business fields, especially the real estate and banking sectors.
2017 was a good year for Vietnam’s banking sector with big profits for many banks and a decreased bad debt ratio.
Analysts believe the petroleum distribution market will see a breakthrough after the conclusion of IPOs for PV Oil and Binh Son Refinery (BSR).