Number of firms in Viet Nam surges by over 50% (Sunday, September 23,2018)
Nearly 517,900 businesses were operating in Viet Nam in 2017, an increase of 51.6 per cent from the figure recorded in 2012, according to the general economic census announced by the General Statistics Office of Viet Nam (GSO) on September 19.
Work starts on first low-iron quartz powder plant in Viet Nam (Sunday, September 23,2018)
A joint venture by Viet Phuong (VPG) Investment Group and Quarzwerke Group of Germany on Wednesday began construction of a low-iron sand and quartz powder processing plant in Phong Dien District, the central province of Thua Thien–Hue.
Long Hau to develop first factory cluster for lease in Danang (Saturday, September 22,2018)
Long Hau JSC, the developer of a number of industrial parks, will start work on a project to develop the first hi-tech cluster of workshops for lease, worth over VND1.05 trillion (US$45.1 million), in Danang City’s Danang Hi-Tech Park in the next quarter.
Vietjet offers millions of promotional tickets (Saturday, September 22,2018)
Vietnam's budget carrier Vietjet has announced it will sell millions of promotional tickets with a departure period fixed for Lunar New Year 2019.
Korean brand CUCKOO hits Vietnamese shelves (Friday, September 21,2018)
On September 19 in Hanoi, CUCKOO, the leading home appliances company in the Republic of Korea, officially established a legal entity in Vietnam with the purpose of bringing high quality products closer to Vietnamese customers through its authorized dealers in Hanoi and Ho Chi Minh City.
Vietnam Airlines, Hong Kong group teams up to boost in-flight sales (Friday, September 21,2018)
National flag carrier Vietnam Airlines will launch its onboard duty-free sales programme, Lotushop, in October this year in cooperation with King Power Traveller, a subsidiary of the Hong Kong-based King Power Group.
Vinafood 2 to supply rice for Philippine firm (Thursday, September 20,2018)
Viet Nam Southern Food Corporation (Vinafood 2) has signed a Memorandum of Understanding (MoU) with the Philippine firm AgriNurture Inc to become an exclusive supplier of long-grain rice for this company starting next year.
Vietnam one of PepsiCo’s 20 priority markets (Thursday, September 20,2018)
One of the world’s largest food and beverage companies, PepsiCo, Inc. confirms that Vietnam is one of the company’s 20 priority markets across the globe and is the eighth in the Asia-Middle East-North Africa region.
Sen Do in strategic deal with DHL (Wednesday, September 19,2018)
Sen Do Technology JSC, the operator of the ecommerce platform Sendo.vn, has struck a strategic cooperation agreement with DHL eCommerce Vietnam to improve the quality of goods transportation services in the Asian country.
VNA to launch direct air service to U.S. in 2020 (Wednesday, September 19,2018)
National flag carrier Vietnam Airlines is set to open a direct air link between Vietnam and the United States in 2020, with the destination being either Los Angeles or San Francisco.
FPT becomes Carlsberg’s global technology partner (Tuesday, September 18,2018)
Local tech giant FPT Corporation has become a technology partner of Carlsberg, one of the world’s leading brewery groups, providing information technology and digital transformation services for the global brewer.
Agribank enhances cooperation with Japan’s Yanmar Group (Tuesday, September 18,2018)
Deputy General Director of the Vietnam Bank for Agriculture and Rural Development (Agribank) Pham Toan Vuong has had a working session with representatives from Yanmar, a Japanese agricultural machinery manufacturer.
Zara, H&M report high revenues in Vietnam (Monday, September 17,2018)
Zara, H&M report high revenues in VietnamFor a population of nearly 100 million, of which the majority is at young age and with a steady growth of income per capita, Vietnam is considered potential market for fashion retailers.
Petrolimex plans second treasury stock sale by year-end (Monday, September 17,2018)
The Vietnam National Petroleum Group (Petrolimex) is proceeding to sell a maximum of 60 million treasury stocks on the Ho Chi Minh Stock Exchange, the second sale of its kind since its debut in April 2017.
Go-Viet offers new motorcycle ride-hailing service in Ha Noi (Sunday, September 16,2018)
Vietnamese firm Go-Viet is the latest app to join Ha Noi’s ride-hailing market, providing customers in the capital another option for instant motorcycle taxi and delivery services.
Japanese businesses seek hi-tech agriculture opportunities (Saturday, September 15,2018)
The Japan External Trade Organistion (JETRO) on Wednesday held a conference to connect Japanese enterprises with Vietnamese businesses in the field of hi-tech agriculture in Ha Noi.
Nestlé Vietnam helps coffee farmers improve productivity, income (Friday, September 14,2018)
Nestlé Vietnam has helped over 20,000 households of coffee growers improve productivity and income through applying new technology from the NESCAFÉ Plan project, said the firm’s General Director Ganesan Ampalavanar.
VAMC plans to resolve US$5.95 billion of bad debts by 2020 (Thursday, September 13,2018)
The Vietnam Asset Management Company (VAMC) plans to resolve at least VND140 trillion (US$5.95 billion) of non-performing loans (NPLs) from now until 2020, of which VND34.5 trillion will be settled this year.
NutiFood expands business to Sweden (Thursday, September 13,2018)
NutiFood Corporation and the Swedish-based Backahill Company signed a memorandum of understanding (MoU) on September 11 to jointly produce dairy products and nutritious organic foods in Sweden, which will be supplied to markets in Europe and Asia.
PVN asks for revision of oil law (Thursday, September 13,2018)
The ongoing exploitation of petroleum resources in Viet Nam threatens to outpace exploration of new sites, which could lead to a drop in the country’s oil and gas output.
PAN to issue shares for M&A deals (Wednesday, September 12,2018)
Agricultural firm PAN Group JSC will sell some 15 million shares to a Japanese partner and will use the proceeds to conduct mergers and acquisitions (M&As) and raise its stakes in member companies.
Uber BV completely pays off tax arrears (Wednesday, September 12,2018)
The Netherlands-based Uber BV Company has completed its remaining tax arrears payment of VND53 billion (US$2.26 million), immediately after the firm withdrew its petition against the Ho Chi Minh City’s Department of Tax department.
Vietjet to open daily service to Japan (Tuesday, September 11,2018)
Budget airline Vietjet Air will begin operating three daily flights to Osaka and Tokyo in Japan late this year and early next year, said an official at a Vietnam-Japan tourism seminar, on the sidelines of the International Tourism Fair in HCMC.
Vietnamese dairy producer expands operation in Russia (Tuesday, September 11,2018)
Vietnam’s dairy group TH True Milk recently began construction on a milk processing plant at Kaluga Special Economic Zone in Borovsk district, Kaluga province of Russia.
Bamboo Airways to use old leased aircraft (Monday, September 10,2018)
New carrier Bamboo Airways on September 5 proposed the Civil Aviation Authority of Vietnam (CAAV) issue registration numbers for three leased aircraft which news reports said have been in use for 11 years.
Vietnam Airlines becomes main carrier for Hessen State (Monday, September 10,2018)
National carrier Vietnam Airlines signed a co-operation agreement to become the main carrier for Germany’s Hessen State and the World University Service (WUS) in Frankfurt on Friday.
Textile, garment firms lose competiveness (Monday, September 10,2018)
Vietnamese garment and textile enterprises are losing their competiveness due to high costs of logistics services for exports, experts have said.
Lotte keen to expand investments in Vietnam (Sunday, September 9,2018)
Lotte Group, a Korean conglomerate that is active in Vietnam, will expand its investments in the country. Meanwhile, its subsidiary Lotte Card is keen to boost consumer finance, fintech and findata services, the Government news website cited Lotte Card Chairman and CEO Kim Chang Kwon as saying.
Qatar Airways to launch direct flights to Danang (Sunday, September 9,2018)
Qatar Airways has announced plans to launch direct flights to Danang, starting December 19. The central coast city will be the third Vietnamese destination on the Doha-based airline’s rapidly expanding global network, preceded by HCMC and Hanoi.
Vietsovpetro taps 230 million tonnes of oil (Saturday, September 8,2018)
The Vietnam-Russia Oil and Gas Joint Venture Vietsovpetro has pumped up more than 230 million tonnes of crude oil and provided 34 billion cubic metres of associated gas since its exploitation of the first tonnes of the resource in Vietnam in June 1986.