Vingroup Produces Smartphone Called Vsmart

Vingroup has just announced that they will manufacture electronic devices, starting with the smartphone branded Vsmart. Implementing the strategy to expand the field of industrial production, following the VinFast automobiles and electric scooters production project, Vingroup established VinSmart Company with a charter capital of 3,000 billion VND. VinSmart will...

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Establishing Distribution Company In Danang

Da Nang is a city in the Central of Vietnam, with the advantage of being a trading place of many countries in the world. Danang has a large seaport in the top 10 large seaports of Vietnam, facilitating trading activities with many countries around the world. At the present, Da Nang is promoting foreign investment into Da Nang, and many investors have chosen Da Nang...

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Big Manufacturer Waves Enter Vietnam

Facing difficulties in manufacture and consumption, some big car manufacturers in Thailand and Indonesia are planning to find new market in ASEAN. Moreover, recently, LG Electronics- the world’s second largest television manufacturer also intends to move from Thailand to Vietnam. According to Federal Thailand Industry –FTI’s figures, In 2014, 881,800 cars were sold...

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Ho Chi Minh City Attracted USD 1.92 Billion of FDI

Ho Chi Minh City is one of the major economic, political and cultural centers of Vietnam as it has many favorable conditions for development. That’s why many foreign investors chooose to set up company in Ho Chi Minh city. In the first 4 months of 2018, the total registered capital of new, increased, and contributed capital, purchase of shares of foreign investors...

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CPG Corp (Singapore) Invests in Hospital in Binh Dinh province

Recently, CPG Corporation from Singapore has expressed their aspiration to set up business in Vietnam. In particular, CPG wishes to invest in the construction of a 150-bed high-class hospital; cooperation in training human resources to serve in the field of health, bringing Quy Nhon city to become a destination of health care tourism. On July 7th, the General...

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Set-up Joint Stock Company in Vietnam

Joint Stock Company is an enterprise which has charter capital divided into equal portions called shares. The minimum number of shareholders shall be three and there shall be no restriction on the maximum number. Shareholders shall be liable for the debts and other property obligations of the enterprise only within the amount of capital contributed to the enterprise. Joint...

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Finland Poured 33 Million USD into Clean Energy Projects in Vietnam

Watrec Company has just started to invest in Vietnam with a clean energy project, investment capital of 30 million euros (over 33 million dollars) in Hanoi. Specifically, the project is converting energy from waste with the processing capacity of the plant about 600 tons of waste per day. The project is a comprehensive solution for collecting urban solid waste,...

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Progress of Solar Power Plant Projects Approval up to June 2019

It appears that the implementation plan of national power has revealed a number of difficulties and limitations. In particular, many power projects have encountered slow progress compared with the plan, especially power projects in the South such as Long Phu I, Long Phu II, Song Hau I, Song Hau II, Vinh Tan III … The development of coal-fired thermal power sources...

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Will Vietnam Become The Silicon Valley of South East Asia?

15 years ago, it was hard to find an information technology (IT) company in Vietnam, but now there are nearly 14,000 IT enterprises that produce and develop hardware, software and digital. The Government of Vietnam considered high-tech industry as one of the pillars to promote economic growth of the country. Vietnam has invested heavily in the construction of infrastructure...

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Ba Ria – Vung Tau Attracts Investment to Build Logistics Center

In order to promote the development of seaports, Ba Ria – Vung Tau is calling for investors in the field of logistics to come and build logistics centers. Being the only deep-water port in Vietnam, in the near future, Cai Mep – Thi Vai port will be planned to become the national southern gateway port. This will be a large center of regional ports. However, the...

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Risks in Business Activities of Enterprise: The Arising Causes

Risk is something that nobody expected but we have to accept to live together with it. Identifying risks and creating solutions to prevent it and also minimize losses when it happens are what businesses should do. That is positive solution instead of accepting risks. So what “risk” is? There are many definitions of risk, in which there are two main points. First,...

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Google Shows Interests in Vietnam IT Industry

E-commerce, IT and software development have been developing incredibly fast in Vietnam over the years making it potential for IT business to be set-up. With more than 93 mil of population which 52% having access to internet. The average Vietnamese using Google to extract information from internet is three times higher than world average. Vietnam has been rated...

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Foreign Experts Felt “Breathe Easy” When Living in Vietnam

Vietnam ranked 21st in the economic ranking, but ranked 5th when talking about the saving ability of foreign experts. According to the survey from HSBC. Most of foreign experts believe that Vietnam had a more comfortable life with less spending on housing costs (62%), travel (73%), clothing (68%), goods and necessities (62%), essential services like electricity,...

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How Financial Technologies (Fintech) Market Evolves in Vietnam?

Fintech as financial technology is innovative ways of technology in design and delivery of financial services in intermediary payment, crowdfunding, peer to peer lending, blockchain, big data, etc which have been happening in Vietnam over the last several years. It is important for the fintech companies to research and understand the Vietnam market from different perspective...

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Over 4 Months, 8 Billion USD FDI Capital Poured into Vietnam

According to the Foreign Investment Department – Ministry of Planning and Investment, in the first 4 months of 2018, total registered foreign investment capital in Vietnam reached 8.06 billion USD, equaling 76.1% over the same period in 2017. It shows that Vietnam still an attractive destination for foreign investors to invest in Vietnam. Overview of FDI in 4 months...

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