Vietnamnet
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Foreign corporations jump into street-food shops market
The Vietnamese “street food” shop market with products such as steamed rice, banh mi (Vietnam sandwich), pho (noodle soup), banh xeo (Vietnamese crepe) and bun bo (beef noodle soup) is valued at VND47 trillion.
Will Vietnam’s brewery industry be swallowed by foreign firms?
A lucrative beer market with expected high growth rates is the driving force for foreign investors to acquire a stake in Sabeco, the largest Vietnamese brewer.
Shipping firms join forces to improve power
The maritime shipping crisis has forced shipping firms worldwide to join alliances to improve their competitiveness. Such alliances have also been set up in Vietnam.
Foreign banks step up personal banking, increase M&A activity
Two foreign bank names are in the list of top 10 taxpayers – HSBC and Shinhan Bank Vietnam. And both have strong retail banking divisions.
Vietnam looks for more FDI into pharmacy sector
The Ministry of Health (MOH) estimates that Vietnam has to remit US$2 billion abroad to import foreign drugs but could retain more money in-country if it could attract FDI (foreign direct investment) into the pharmaceutical industry.
The battle among app-based motorbike taxis
Mai Linh group, a well known taxi firm, has officially joined the app-based motorbike taxi market with its Mai Linh Bike service provided in HCM City, Hanoi and Da Nang, after one month of trial.
Non-cash payment programs encounter barriers
The smartphone-based payment service market in Vietnam has become busy in the last six months, but Vietnam is still far from its ‘non-cash payment’ target.
Trade surplus: Joy and anxiety
The General Statistics Office (GSO) has announced there was an excess of exports over imports of US$2.8 billion in the first 11 months of the year. However, this was overshadowed by the fact that most of the reports came from FIEs, while domestic enterprise contributions were modest.
Food market undergoing restructuring as more foreign companies arrive
The Vietnamese food market is thriving, with 10.9 percent CAGR (compound annual growth rate) predicted by BMI Research for the 2017-2019 period.
Tour guides join associations so they can keep their jobs
Thousands of freelancers are hurrying to join tourism and tour guide associations as the membership will give them opportunities to practice as legal tour guides.