Việt Nam News

Việt Nam is a huge potential market for bubble tea business as the drink is gradually becoming a favourite and popular drink among generations Y and Z.

The capital city of Hà Nội has set up many solutions to develop other supporting industries, aiming to increase the municipal supporting industry development index.

The global hotel and resort sector is recovering well from the COVID-19 pandemic with improvements on occupancy and room rates, and Việt Nam is no exception, Mauro Gasparotti, director of Savills Hotels Asia Pacific, said.

Three months have passed since the Government introduced a special programme providing interest rate support in loans for businesses, but not many are interested in the programme which is contrary to the market expectation that it would help ease the enterprises’ thirst for capital.

The total foreign direct investment (FDI) of Việt Nam reached nearly US$16.8 billion as of August 20, down 12.3 per cent over the same period last year.

The Deputy PM urged ministries to create favourable conditions for the plant to operate without any hindrances. He also called on local authorities to support people that have been displaced for the construction of the plant to ensure their livelihoods.

The Saigon High-Tech Park (SHTP) and Synopsys, a global leader in electronic design automation and semiconductor IP, on Friday (August 26) signed a Memorandum of Understanding (MoU) on cultivating integrated circuit (IC) design talent in Việt Nam.

In order to make 5G technology a part of digital transformation efforts and Industry 4.0 in Việt Nam, it is necessary not only to build telecoms network infrastructure but also develop a 5G mobile ecosystem. 

According to PricewaterhouseCoopers (PwC), the financial services (FS) industry’s need for digital capabilities, combined with sustained pressure from regulators and disruption from platforms and fintechs, means M&A will continue to be a driver for transformation.

At the first round of OCOP product evaluation and classification in 2022 taking place on August 18, the provincial council for OCOP grading and evaluated 30 product profiles of 11 districts, cities and towns.

The "E-Commerce Logistics Market by Service and Geography - Forecast and Analysis 2021-25" report by Technavio expects the market size to grow to US$355.79 billion between 2020 and 2025. 

The US Department of Commerce (DOC) has not yet issued the final determination about the imposition of anti-dumping and countervailing duties on certain hardwood plywood products and veneered panels exported from Việt Nam.

GameFi projects offer such high profits that investors pile into the industry to make easy money. The mass exodus of profit-seekers has turned Việt Nam into a GameFi powerhouse with the proliferation of game-making studios.

The paper industry has achieved good growth in the past five years and expects to maintain the momentum until 2025 driven by demand for tissue and packaging paper, according to the industry business group.

The industry has shifted its focus from fast growth to sustainable growth. It is expected to grow by around 6 per cent from 2022 to 2030 and achieve circularity between 2030 to 2045.

The first-ever Vietnam Innovators Summit will be organised in November, featuring high-level executive networking with informative and carefully curated activities aimed at providing a space for insight-sharing on Việt Nam’s continuous growth over the years, even amidst the pandemic.

Vietnamese stocks snapped a three-day winning streak on Friday, facing strong selling from investors, as they seek profits from those firms that made significant gains during the last sessions.

The annual festival features more than 160 booths with about 450 chili pepper varieties from all over the world on display.