Swiss hospitality company Mövenpick Hotels & Resorts is fast establishing itself as a leading international brand in Vietnam, with ambitions to own 10 hotels within the next five years.

VietMedical organised a training course on safe practices in the operating room for nearly 100 nurses working at major hospitals in Hanoi.

Vietnam National Petroleum Group, the country’s state-owned biggest petroleum distributor, will see a large state divestment in 2018, paving the way for foreign investors to access the profitable business.

The Ministry of Industry and Trade has announced plans to divest from six firms under its management from now until 2020, most notably, in this year’s sell-off of Vietnam Engine and Agricultural Machinery Corporation stock.

Although wind power development is considered a great potential sector in Vietnam, investors have been hesitant to develop new or expand their existing projects due to the low regulated selling price of wind power lengthening the time to recover investment capital by a significant margin.

The more aggressive enforcement of transfer pricing laws may make life harder for multinational companies in Vietnam who do not carefully follow the tax authority’s guidance.

Franchise opportunities in healthcare and wellness are emerging in Vietnam as locals increase spending to improve their health and overall wellbeing.

At the APEC Ministers and CEOs Dialogue on the responsible use of resources to enhance sustainable food production and agri-business, Aruna Rachakonda, CEO of Monsanto subsidiary Dekalb Vietnam talked about the challenges to achieving sustainable food security. 

Vietnam Technological and Commercial Joint Stock Bank (Techcombank) will put 500 million shares on sale in two phases.

Domestic enterprises who want to become strategic investors in Vietnam Urban and Industrial Zone Development Corp. need to have at least U$110.1 million and US$115 million with foreign investors,  in the chartered capital as the end of 2016,