News
Vietnam's Quang Tri province seeking $4b investment
The central Quang Tri Province intends to request a total investment of VND87 trillion (nearly US$4 billion) in its 18 projects in key sectors at an investment promotion conference in November. Speaking at a meeting with 20 investors held here on 28 October, Nguyen Van Hung, ...
Vietnam launches its largest hi-tech research and development center
Hanoi has opened the country’s biggest research and development center for technologies related to mechanics, electronics, energy and environment, local media reported. Keep reading ...
Vietnam to let private company operate Da Lat tourist rail line: report
The Ministry of Transport is looking for a private company to operate a tourist rail line in the Central Highlands resort town of Da Lat, following decades of losses, news website Saigon Times Online reported on 28 October. Keep reading ...
Vietnam Television to reduce investment in pay TV market, focus on content: report
The national broadcaster Vietnam Television will disinvest from the pay TV market by selling most of its stakes in three major providers, whose combined market share is almost 73 percent, local media reported. Keep reading ...
Doing business is getting easier in Vietnam, yet still not easy enough
Vietnam moved three places to the 90th position out of 189 economies in the World Bank’s Doing Business report released on 28 October. The country’s score on a scale of 0-100 increased from 60.35 to 62.1, indicating an improved environment for businesses, according to the report. Keep reading ...
Vietnam on track to replace China as new manufacturing hub: experts
With increasing foreign direct investment (FDI) flows into its manufacturing sector, Vietnam stands a great chance of leaping ahead and replace China as the new production center, experts have said. They were speaking at a conference recently organized by the State Bank of Vietnam in collaboration ...
Urgent action needed to offset Mekong Delta climate change
The Mekong Delta, one of the most vulnerable deltas in the world in regard to climate change, must begin to take urgent measures to deal with the continuing consequences of changing weather patterns, experts at a seminar held on 27 October in Can Tho urged. The seminar ...
Vietnam Rubber Group stripped of accreditation
A giant Vietnamese rubber company that has faced repeated accusations of illegal land and forest grabbing in Cambodia has been stripped of its accreditation as a sustainable forestry product supplier by the world’s leading forest certification body. In a damning report, the Forest Stewardship Council claims ...
ASEAN environment meeting opens in Hanoi, looks to green community
Vietnam is hosting the 13th ASEAN Ministerial Meeting on the Environment (AMME-13), which kicked off in Hanoi on 25 October, focusing on creating a green and clean ASEAN community. The AMME-13 and other related meetings, which will last until 30 October, are of significant importance as ...
Real estate giant Vingroup acquires Vietnam's oldest supermarket chain
Real estate conglomerate Vingroup has acquired Vietnam’s oldest supermarket chain Maximark in an effort to strengthen its foothold in the retail market. The value of the deal has not been revealed. Maximark, whose first supermarket was open in January 1996, has nine supermarkets, mostly in Ho ...
