The fourth industrial revolution is expected to be a great opportunity for Vietnamese businesses to make a breakthrough in the online market, estimated to be worth US$9 billion by 2025.

Ministries have had to hold meetings to discuss ways to rescue local farm produce as competition from imports continues to cut into sales. 

Phony service providers are invalidating and closing Facebook accounts for VND2-3 million payments. The practice is being used against business rivals or for personal revenge.

Property investors in Vietnam have been scaling up their business, while more and more new investors have concluded M&A deals in the real estate sector. 

Some Vietnamese fashion brands are keeping calm amid the ‘foreign fashion wave’, saying they have advantages in the local market and with demand on the increase, the market is still large enough.

The net interest margin (NIM) of Vietnamese banks is lower than that of other regional banks, while financial reports show that the business performance of the banks depends heavily on credit.

Pegfilgrastim, a chemotherapy drug made in Vietnam, is expected to hit the market in 2018.

PM Nguyen Xuan Phuc said a special legal framework with outstanding preferences is needed to develop three special economic zones (SEZs) — Van Don in Quang NInh, Bac Van Phong in Khanh Hoa and Phu Quoc in Kien Giang.

Real estate ranked fourth among the most attractive business fields for foreign investors, with registered FDI capital of US$1.15 billion in the first half of the year.

Retailers have geared up to spend trillions of dong to expand their networks as more powerful foreign retailers enter the market.