Vietnam’s state-owned shipping giant Vinalines announced conducting its equitisation by staging its initial public offering (IPO) in mid-2018.

Despite shipping market difficulties, international suppliers of equipment and spare parts have been trending towards the Vietnamese shipbuilding industry to cash in on the vast local potential for growth.

The numerous errors that the Government Inspectorate outlined at Airports Corporation of Vietnam (ACV) have not been fixed yet.

Hanoi and Ho Chi Minh City have seen real estate sector transactions reach a total volume of more than US$2 billion in the last two years.

Foreign companies are increasingly jockeying for position in Vietnam’s promising online retail market by pouring capital into local companies.

Vietship 2018 saw 12 contracts and memoranda of understanding worth millions of dollars, marked increased co-operation between domestic and foreign partners.

Over the span of 2017 and the first three weeks of 2018, the price of the euro surged, causing mild unease among import-export businesses despite Vietnamese exports to the European Union (EU) hitting $40 billion per year.

Business Monitor International (BMI) forecasts $1.76 billion in revenue for the Vietnamese confectionery industry in 2018. To take control of this market, firms have set out grand strategies for the Lunar New Year. 

Vietnam is expecting a wave of Indian investment after the meeting between Prime Minister Nguyen Xuan Phuc and representatives of Indian firms in the framework of the ASEAN-India Senior Officials’ Meeting (SOM).

Wishing to cash in on Vietnam’s skyrocketing demand for drinks, French beverage firms have asked local authorities to ease special consumption tax lines, which they find to be too high and contrary to the country’s commitments of reducing taxes for beverages under the EU-Vietnam Free Trade Agreement.