Talking shop: UK businesses see ‘new investment opportunities in Việt Nam despite pandemic’: envoy The COVID-19 pandemic has had a strong impact on the global economy, including Việt Nam. The country has however been a safe destination for foreign investors thanks to its successful efforts to control the outbreak. Việt Nam News’s Thu Ngân speaks to the Bristish consul general in HCM City, Ian Gibbons, about UK enterprises in this country and how he sees investment trends in the near future.

HCM City’s IPs, EPZs let down by lack of infrastructure

Many industrial parks and export processing zones in HCM City lack sufficient infrastructure since authorities’ failure to pay compensation for lands has meant they have been unable to acquire and clear them.

Markets rise on the back of large caps, banks Vietnamese shares tracked global markets higher on Wednesday, led by gains in banking stocks.

Tiền Giang protects eastern sea dyke The Cửu Long (Mekong) Delta province of Tiền Giang is speeding up the project to repair an eroded sea dyke that prevent saltwater erosion on its eastern coast. 

Enterprise arrangement and development support fund to be abolished

The Ministry of Finance has proposed the collection from the restructuring of State-owned enterprises (SOEs) to go directly to the State budget instead of the Enterprise Arrangement and Development Support Fund in an effort to improve the efficiency in using this revenue.

Việt Nam sets ambitious plan for IT sector development Việt Nam targets to have 10 localities with revenue of more than US$1 billion each from information and technology (IT) by the year 2025.

Payment to China for Cát Linh-Hà Đông Urban Railway must follow signed contract Việt Nam would pay the Chinese contractor 95 percent of the value of the contract for the Cát Linh-Hà Đông urban railway project when the project is completed and passes checks, Deputy Minister of Transport Nguyễn Ngọc Đông said at the Government’s regular press conference on Tuesday.

South Korean firm buys 25 per cent of Imexpharm SK Investment Vina III, the investment arm of SK Group, purchased 12.32 million Imexpharm shares on May 29.

Việt Nam to have second mobile virtual network operator

The seventh telecom provider in the country, the new network will be launched with a new prefix number and use the mobile phone infrastructure of the State-owned Việt Nam Posts and Telecommunications Group (VNPT), which boasts among the best coverage and quality in the country.

Enjoying incentives, prices of domestically-produced cars expected to drop

The Government’s decision to offer a zero-import tax rate on automobile components opens significant opportunities for the local industry to lower prices, enhance competitiveness and promote consumption.