Son Hai Group eyes Nha Trang-Lien Khuong expy project
HCMC – Son Hai Group, a local construction firm based in the central province of Quang Binh, wants to build an expressway linking Khanh Hoa Province and neighboring Lam Dong Province. The Lam Dong Province Department of Transport will work with the relevant agencies to consider Son Hai Group’s
Dealing with industrial fragmentation
An industrial strategy that is divergent and lacks concentration has resulted in industrial fragmentation, eroding the competitiveness of local industries. Industrial development breakthroughs can only be achieved when such a situation is addressed. Industrialization, from a local perspective, has
Creating more value for Vietnamese coffee brand
Having lived in Vietnam for 15 years and set up companies in the country, Timen Swijtink decided to launch a premium and high-quality coffee brand – Lacaph—which is all about Vietnam. In an interview with The Saigon Times, the Dutchman said he established Lacaph to create more value for the
Coping with global uncertainties
Dynamics for global growth are seen weakening in 2023, posing challenges for Vietnamese enterprises in the coming time. Managing director of the International Monetary Fund (IMF) Kristalina Georgieva has recently warned of more setbacks for the global economy in 2023, as three economic powerhouses
Multi-channel sales turn trendy
Local businesses have increasingly promoted multi-channel selling to boost revenues, particularly by combining digital and conventional operations. For small and medium-sized enterprises (SMEs), prioritizing digital transformation appears to be at the pinnacle of the efforts to maximize profits
E-commerce on the rise
The boom of e-commerce in Vietnam has opened up novel opportunities and posed looming challenges to the economy. Although the marketplace looks promising for businesses and consumers, Vietnam’s digital commerce has a long way to go before reaching its full potential. In an email interview with The
Cargo ships collide in Can Gio
HCMC – The Singaporean-flagged Wan Hai 288 ship crashed into the Resurgence vessel in the opposite direction in Long Tau River in HCMC’s outlying district of Can Gio early this morning, February 11. No casualties were reported, but the two vessels suffered significant damage including several
Social insurance evading enterprises may have bank accounts frozen
HCMC – The Vietnam General Confederation of Labor has proposed applying many measures for enterprises delaying or evading social insurance (SI) payments including freezing violated enterprises’ accounts, publicizing their names on national portal, and prohibiting them from participating in
Vietnam’s auto imports rocket in Jan
HCMC – Vietnam imported over 14,450 completely-built-up (CBU) cars worth US$314.5 million in January, skyrocketing 219% in volume and 149% in value year-on-year, according to statistics from the General Department of Vietnam Customs. The number of autos imported from Thailand amounted to nearly
Keppel Land, Khang Dien Group to develop sustainable urban projects in HCMC
HCMC – Singapore’s Keppel Land and Vietnamese real estate developer Khang Dien Group yesterday, February 10, signed a memorandum of understanding (MOU) to develop residential and sustainable urban area projects in HCMC. The MOU signing was witnessed by Vietnamese Prime Minister Pham Minh Chinh
Sembcorp keen on renewable energy investment in Vietnam
HCMC – Singapore’s Sembcorp will step up its investment in renewable energy in Vietnam, with a focus on offshore wind power generation for export to Singapore, heard a meeting today, February 10, between Vietnamese Prime Minister Pham Minh Chinh and a Sembcorp leader during the former’s visit to
Becamex IDC, Sembcorp clinch deal to develop sustainable IPs in Vietnam
HCMC – Vietnam’s Becamex IDC Corporation and Singapore’s Sembcorp Development Ltd today, February 10, signed a Memorandum of Understanding (MOU) to jointly establish five sustainable industrial parks (IP) in Vietnam in the next three years, with a total investment of US$1 billion. The signing
