After winning a significant foothold in the Vietnamese ride-hailing market, Grab plans to drive further growth by adding new services and branching out into the online payment sector.

Vietnam-Republic of Korea trade ties are flourishing with trade revenue growing from US$500 million in 1992 to US$45 billion in September this year. But the number of Vietnamese brands in Korea remains small.

Students from six universities were announced as the winners of Practical Money Skills 2017, a financial literacy programme designed to help young Vietnamese adults learn how to budget, save, and spend responsibly.

Hanwha Life Insurance Co., Ltd. (Hanwha Life Vietnam) has officially launched the new insurance package called “Health is Wealth” in Ho Chi Minh City, with the intent of delivering optimal insurance services to promote individuals and households’ overall well-being in Vietnam.

In order to draw more attention from foreign investors, the Ho Chi Minh City Stock Exchange will organise roadshows in Singapore and the UK to introduce investment opportunities in Saigon Beer, Alcohol and Beverage Corporation (Sabeco).

Central Vietnam is developing as a leading investment destination for European businesses. Gellert Horvath, co-chairman of the European Chamber of Commerce in Vietnam, discussed with VIR the region’s promising business outlook ahead of the EuroCham Central Vietnam Business Forum on November 24.

Silicon Valley-based Fenox Venture Capital announced intentions to pour capital into Vietnam after immense investments in Indonesia in the last several years.

Sembcorp Industries’ wholly-owned subsidiary Sembcorp Development has entered into a sale and purchase agreement that will increase its interest in Vietnam Singapore Industrial Park Pte., Ltd. from 92.9 to 96.6 per cent.

Article 34 of Clause 4 in the draft Law on Cybersecurity has not yet received support from foreign firms and local law makers because it will affect firms’ performance as well as Vietnam’s steady march towards a digital economy.

Electric vehicles are seeing positive signs on the road to market expansion in Vietnam, but there remain obstacles that must be traversed in order to move ahead.