Vuong leaves Vinmart, Quang takes over
Billionaire Nguyen Dang Quang will build The CrownX into a $10 billion firm and change the name of VinMart to WinMart, which will follow a new operation model after Vingroup, owned by Pham Nhat Vuong, leaves.
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Tier system revamped for high-tech strategy
Driven by its digital transformation strategy, Vietnam will set more favourable standards for high-tech businesses’ recognition from next month in a move to develop the country into a high-tech hub.
How H M does business in Vietnamese market
Entering the Vietnamese market in 2017, H&M has initially reaped successes. In 2019, the clothing-retail company earned VND 1,116 billion ($48.5 million), with a profit of VND 57 billion ($2.4 million).
Land fevers causes consequences and solutions
Land fevers arise once in a while. Consider, for example, price surges in Phu Quoc (Kien Giang), Van Don (Quang Ninh), and Bac Van Phong (Khanh Hoa), when the Government planned to establish special administrative-economic zones there. Kien Giang and Quang Ninh had to suspend land use right
Bull market might continue this week: experts
Vietnam's stock market recorded a week-long rally with the benchmark breaking through 1,200 points and continuously hitting new highs.
US$28.6 million proposed for railway investment to improve logistics
The Commission for the Management of State Capital at Enterprises has announced that it has petitioned the Ministry of Transport to allocate VND665 trillion (US$28.6 million) for railway investment in the period of 2021-2030.
Vietnamese Thieu lychee granted certificate of geographical indication in Japan
For the first time, Thieu lychee grown in Luc Ngan District in the Northern Province of Bac Giang has been granted a certificate of geographical indication from Japanese authority offering opportunity for export and consumption of the fruit in the world markets.
E-commerce supply chain, not rescue campaigns, will help farmers
Hanoi plans to develop an app to sell farm produce and organize an e-commerce supply chain in an effort to build a close link among producers, logistics and e-commerce service providers.
Markets blacklisted for selling counterfeit goods
The US Trade Representative (USTR) office has blacklisted Vietnam's well-known markets in its 2020 review, for reasons of counterfeiting goods. Dong Xuan Market in Hanoi and Ben Thanh Market in HCMC have been named on the USTR blacklist.
Corporate bonds cool down
According to statistics from securities companies, in the first months of this year, the corporate bond market shows signs of cooling down compared to before because changes in regulations on corporate bond issuance have been tightened.
RoK wants Vietnam to reopen flights for entrepreneurs
The Republic of Korea (RoK) wants to run flights to bring Korean entrepreneurs to Vietnam for business cooperation promotion and hopes the Vietnamese Government will facilitate these flights in the context of the COVID-19 epidemic, said RoK Ambassador to Vietnam Park Noh-wan.
Car dealers begin clearance sales, reduce prices by up to VND100 million
Car sale agents have launched promotion programs in an effort to clear stock, but the price reductions are lower than those in the same period last year.