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McDonad's Vietnam to open first restaurant in Hanoi
After securing a strong footprint in Vietnam’s southern metropolis of Ho Chi Minh City, fast-food giant McDonald’s is looking to consolidate its presence by moving its business to Hanoi. The long-awaited move will take place amidst the on-going expansion of international fast-food brands.
Zara and H&M to discount all items at Hanoi debut
On November 8, on the first day of opening in Hanoi, both Zara and H&M will offer customers to join a complementary discount for all items at their stores in the capital.
MSCI upgrade not coming until 2020
Vietnam could be classified as an emerging market in 2020 if its free-float rate increases and the market infrastructure becomes better at accommodating foreigners, according to the provider of stock market indexes and portfolio analytics MSCI.
Spurring more funds into startups
Industry insiders are scrutinising a Ministry of Planning and Investment draft to the decree regulating investment into innovative startups that has recently been publicised to elicit comments from the public.
Foreign investors still ignore SOE equitisation
The large-scale state-owned enterprise equitisation has yet to lure strategic investors, especially foreign investors, due to problems related to procedures and the quality of business management and transparency in publishing information, among others.
Foreign-backed local pharma surges
Vietnam’s pharmaceutical market continues to be a lucrative industry, evidenced by the huge profits reaped by leading drug makers in this year’s first nine months, despite increasingly fierce competition from foreign rivals.
Lowest state budget deficit in decade inches closer
This year, Vietnam may see the lowest state budget deficit in the past decade, reflecting the government’s sturdy solutions for managing the nation’s coffers.
Amazon Web Services to debut in Vietnam
Amazon Web Services (AWS), a subsidiary of Amazon.com, is proceeding its ambitious business plan in Vietnam following Alibaba’s footsteps in the field of cloud computing services.
Ahead of ASEAN tax cut, proposals for local auto
Coming just ahead of ASEAN tariff reduction, policy movements are on track to ensure the stability and health of the local auto industry.
Metropole Hanoi hosts Vietnam’s premier food festival, Les Arômes
Two-star Michelin Chef Thierry Drapeau is set to dazzle palates at Vietnam’s most storied hotel.