News

Remittances to Ho Chi Minh City in 2019 seen at $5.3 billion

Vietnam’s biggest city is expected to receive $5.3 billion this year, an increase of 9% from a year earlier.

Uniqlo pledges to win Vietnamese customers’ heart with quality

Uniqlo says it will not lower prices of products to win customers’ heart. Good quality could help this Japanese global apparel retailer to win in Vietnam market.

Amazon teams up with T&T and SHB to develop cross-border e-commerce

Amazon announced T&T Group as a strategic partner and SHB is the first financial and banking partner in Vietnam, as part of its pledge to help promoting Vietnamese products through cross-border e-commerce.

Dong Nai province scraps 531 foreign investment projects

Authorities of the country’s Southern main industrial hub have withdrawn 531 foreign direct investment projects with a total registered capital of $5.34 billion, according to the provincial Department of Planning and Investment.

Vietnam’s trade revenue likely to hit $500 billion

Vietnam’s foreign trade is seen to reach $500 billion at the end of 2019, according to data from the General Statistics Office.

Official warns of illegal pork imports from Cambodia, Thailand: Dan ...

Deputy Minister of Industry and Trade Do Thang Hai has warned localities of illegal pig and pork imports from Cambodia and Thailand.

Singapore’s UOB to acquire VAM Vietnam Fund Management: Business ...

UNITED Overseas Bank's wholly-owned subsidiary UOB Asset Management intends to acquire VAM Vietnam Fund Management JSC for a cash consideration of $4.9 million.

Vietnamese enterprises invest over $458 million abroad in 11 months

Vietnamese businesses invested $458.8 million in 31 foreign markets in the first 11 months of 2019, according to report from the Ministry of Planning and Investment’s Foreign Investment Agency.

E-wallet transaction should not exceed $4,324 per month

Vietnam central bank has issued regulation to restrict e-wallet user’s monthly transactions to no more than VND100 million ($4,324).

South Korea to invest over $15 billion in Hanoi: HanoiTimes

Investment will focus on developing industrial urban infrastructure, green and smart cities, shopping centers, hotel complexes, urban agriculture and high-tech applications.

Ford to spend $82 million for Hai Duong plant expansion

Ford Vietnam will invest an additional VND1.9 trillion ($82 million) in expanding its automobile assembly and production factory in the northern province of Hai Duong.

Korean firm to develop $900-million smart IP in An Giang: VietnamPlus

Leaders of the Mekong Delta province of An Giang on Tuesday worked with representatives from the industrial park investment promotion association of South Korea on developing smart IPs in the locality.

Noi Bai Int’l Airport to get considerably expanded: HanoiTimes

Under the government instruction, the planning adjustment must ensure the capacity expansion of Noi Bai International Airport to 100 million passengers per year.

Ho Chi Minh City expected earn nearly $6.6 billion from tourism in ...

In 2019, the country’s biggest city seen to welcome 8.5 million visitors with an estimated revenue of VND150,000 billion ($6.6 billion).

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News

Vietnam fifth largest consumer of US apples

Ho Chi Minh City to build 8 logistics centers worth nearly $4 billion

Vietnam's Nghi Son refinery restarting, to be fully operational Dec 12: Reuters