Experts: Start-up potential high for solution finders
12/18/2017 11:07:09 AM (GMT+7)
 A huge potential exists in the country for start-ups that find innovative solutions for existing problems, and young people must be the game changers for this to happen.

BUSINESS IN BRIEF 18/12
12/18/2017 8:30:00 AM (GMT+7)
 Singapore’s entrepreneur training debuts in Vietnam, Large steel structure factory inaugurated in Dong Nai, Experts: HCMC apartment supplies seen rising next year, Growth continuing in FMCG


 
Hundred-million dollar projects from the dawn of FDI attraction
12/18/2017 12:23:17 AM (GMT+7)
 Not long after Vietnam's Law on Foreign Investment came into effect in 1987, the food and beverage processing industry emerged as a potential sector with many hundred-million dollar projects. 

More banks offer mobile payment services
12/18/2017 12:00:00 PM (GMT+7)
More than 40 commercial banks are providing mobile payment services, while more than 90 million mobile transactions were made in the first nine months of the year, worth VND423 trillion.


 
Vietnam’s e-commerce market booming
12/18/2017 12:27:59 AM (GMT+7)
 Viet Nam is one of the world’s fastest growing e-commerce countries, Lai Viet Anh, deputy director of Viet Nam E-commerce and Information Technology Agency (Vecita) under the Ministry of Industry and Trade, said.

The ‘bitcoin rush’
12/18/2017 8:00:00 AM (GMT+7)
People are rushing to buy bitcoin mining machines. Bitcoin ATMs can be found at some cafes in HCMC. Numerous calls for investments in bitcoin have appeared on the internet. And some travel firms accept payments in bitcoin.


 
Thousand billions in lost tax from foreign enterprises
12/18/2017 12:25:02 AM (GMT+7)
 Vietnam has lost thousands of billions of dong in taxes as foreign enterprises, especially large-scale ones, refuse to pay based on the Double Taxation Avoidance Agreement.

Notorious Chu Lai Soda closing might cost $90 million for bankers
12/18/2017 12:16:25 AM (GMT+7)
 Banks are worried that Chu Lai Soda Processing JSC (Chu Lai Soda) will default on its VND2 trillion ($88.1 million) debt as the soda processing factory has been forced to suspend its operations since August 2016 due to violations in discharge.


 
Exports of garment and textile hit US$31 billion
12/18/2017 12:37:32 AM (GMT+7)
 Despite facing difficulties, the garment and textile sector is expected to export products worth US$31 billion this year, a year-on-year increase of 10.2%, and the outlook is bright for next year too.

Strengthening linkages between FDI and domestic enterprises to support industry development
12/18/2017 12:20:58 AM (GMT+7)
 The processing and manufacturing industry is always the most attractive FDI segment, accounting for 45 per cent of total registered investment capital. However, Vietnamese enterprises are stuck on the lower rungs in the global supply chain.


 
Binh Son refining company to open Vietnam’s largest IPO in January
12/17/2017 11:43:07 PM (GMT+7)
 Binh Son Refining and Petrochemical Co Ltd, the operator of Dung Quat Refinery, will conduct Vietnam’s biggest-ever initial public offering (IPO) on January 17 next year, hoping to garner US$157.4 million for State coffers.

Vietnam prepares to take advantage of CPTPP agreement
12/17/2017 11:48:11 PM (GMT+7)
 Although the US withdrew from the TPP, ministers of 11 TPP members reached a consensus on a new deal and called it the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). 


 

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