Việt Nam News

Việt Nam gained strong growth in lychee exports and the number of enterprises exporting lychee this year against the figures of last year, according to the General Department of Customs.

Bình Sơn Refining and Petrochemical Company (BSR) reported post-tax profits of nearly VNĐ3.6 trillion (US$1.5 million) in the first seven months of 2018, meeting 172 per cent of its seven-month target and 103 per cent of the annual target.

Vinamilk, Việt Nam’s largest dairy producer, will splash out some VNĐ4 trillion (US$171.3 million) to develop a 6,000-ha complex of hi-tech dairy farms in the Mekong Delta city of Cần Thơ under a newly-inked agreement with Sông Hậu Farm Corporation.

The Trà Vinh Province People’s Committee has given the go-ahead to three investors to build the Hiệp Thạnh Wind Power Plant with a total investment of VNĐ3.37 trillion (US$146 million).

Alpha King Real Estate Development on Wednesday signed up the Ascott Limited to manage Ascott The Residence, a luxury serviced residence in HCM City.

Việt Nam’s rising usage of mobile devices and the internet has led to great opportunities for digital and online advertising, experts said at a conference on advertising yesterday (August 10) in HCM City.

Moody’s Investors Service on Friday upgraded the Government of Việt Nam’s long-term issuer and senior unsecured ratings to Ba3 from B1 and changed the outlook to stable from positive.

With inflation, gold prices and stock markets remaining stable and further tightening of credit interest rates on the cards, the country’s property market is unlikely to experience any major changes this year. Deputy Minister of Construction Nguyễn Văn Sinh spoke to Thời báo Kinh tế Việt Nam (VnEconomy) about the issue.

Brian Spence, our expat financial services expert, examines why luxury retailers are vying to establish themselves in Việt Nam and how this might be a cue to diversify your investments geographically.

Prime Minister Nguyễn Xuân Phúc said on August 10 that Cần Thơ City has the potential to become the Mekong Delta’s IT hub and centre for high-tech logistics and agriculture.

The Ministry of Planning and Investment has co-ordinated with various other ministries and agencies to create a programme to connect the country’s innovation networks.

Novaland Group will continue to spend 80 per cent of its resources on developing housing projects.

The HCM City real estate market will be positive from now until the Lunar New Year in early 2019, according to HCM City Real Estate Association.

Saigon Co-op, the country’s leading fast-moving consumer goods retailer on August 10 opened a new Co.opmart supermarket in Tây Ninh Province’s Gò Dầu town, the 98^th Co.opmart store in the country and fourth in the province.

The 13^th International Exhibition on Products and Supplies for Medical, Pharmaceutical, Hospital and Rehabilitation (Pharmed and Healthcare Viet Nam 2018) will be held next month in HCM City.

Four domestic carriers – Vietnam Airlines, Vietjet, Jetstar Pacific and the Việt Nam Air Services Company (VASCO) reported 26,578 delayed and cancelled flights, or 15 per cent of their total flights, in the first seven months of 2018.

Vietnamese shares ended Friday on a positive note, driven by financial-banking and energy sectors as confidence was boosted by news on State capital divestment from State-owned businesses.