Vietnam’s richest person starts $150 million fund to invest in tech startups
Automobile and property tycoon Pham Nhat Vuong and his conglomerate Vingroup has launched a venture capital firm to fund artificial intelligence and digital startups in Vietnam and the region in a bid to broaden his technology businesses.
Chinese e-commerce platform Temu operates in Vietnam without license
Over the past two weeks, Vietnamese consumers can easily bump into advertisements for Chinese e-commerce platform Temu which offers low-cost products and discounts of up to 90 percent, while the platform has yet to get a license to operate in…
Việt Nam-France business exchange, trade promotion workshop held in Paris
A trade promotion and business exchange workshop between Vietnamese and French enterprises was held in Paris on October 21 as part of the Vietnamese Goods Week in France.
Trump Organization to develop $1.5 billion golf course and hotel project in Vietnam
Vietnam’s real estate developer Kinhbac City said on Tuesday that its subsidiary has partnered with The Trump Organization to develop a $1.5 billion golf course and hotel project in Vietnam’s Hung Yen province.
Vietnam’s To Lam set to meet with president Biden
During the communist party chief’s five-day visit to New York, Vietnamese and U.S. firms have signed a number of economic agreements.
US rejects Vietnam’s bid for ‘market economy’ status in blow to trade ties
Classification would have boosted exports and reduced tariffs on goods from country that is rising supply chain alternative to China.
Luxury brand reps nearly triple Vietnam profits
Vietnam’s distributors of luxury brands such as Louis Vuitton, Chanel, Dior and Hermes posted VND3.8 trillion ($156.57 million) in 2022 profits, up 270% year-on-year, according to latest data from a market research company.
Pacts signed by Vietnam, China during Xi’s Hanoi trip
Vietnam and China signed a 16-page joint declaration and 36 co-operation documents in areas such as infrastructure, trade and security, during a visit to Hanoi by Chinese President Xi Jinping.
Vietnam eyes $200B bilateral trade with US
Vietnamese and U.S. businesses should increase partnership to bring the two countries’ trade value to a new record of $200 billion, Vietnamese Deputy Prime Minister Tran Luu Quang said Tuesday.
Can Vietnam become the next Asian tiger ?
Amid the COVID-19 pandemic and rising US–China trade tensions, Vietnam leapfrogged South Korea to become the United States’ sixth largest trade partner by import value in 2022. This jump represents an important pivot in Vietnam’s economy — Vietnam’s biggest export to the…
Dutch Prime Minister Mark Rutte to visit Vietnam next week
Prime Minister of the Netherlands Mark Rutte and his entourage including hi-tech entrepreneurs will visit Vietnam from November 1 to 2 to further promote comprehensive cooperation, the Vietnamese Ministry of Foreign Affairs announced on Friday.
Saigon street venders, authorities battle for sanctified ground
As Le Thi Chi, 41, set up her coconut malt stall on the sidewalk, she asked an adjacent noodle stall security guard if « officers » had been « coming by » lately.
Vietnam loses US$350 million due to copyright infringement
Around 80 per cent of violations take place on digital platforms with the most violated content including TV shows, movies, music and books.
Biden heads to Vietnam in latest attempt to draw one of China’s neighbors closer to the US
President Joe Biden will arrive at Chinese leader Xi Jinping’s doorstep on Sunday with a deal in hand to draw yet another one of China’s neighbors closer to the United States.
Why Hanoi may agree to a Vietnam-U.S. comprehensive strategic partnership
If Hanoi agrees to a comprehensive strategic partnership with the U.S., it would represent a remarkable breakthrough in bilateral ties. Still, such a partnership would not represent a significant shift in Hanoi’s foreign policy.
Vietnam signs free trade agreement with Israel
Vietnam has become the first Southeast Asian country to sign a free trade agreement (FTA) with Israel, which will remove duties on at least 86% of Vietnamese products.
South China Sea : why China’s business interests in Vietnam are at stake amid nine-dash line controversies
Controversies over Beijing’s nine-dash line claim in the South China Sea highlight how geopolitical tensions can challenge international businesses. Although the economic implications may be minimal presently, businesses should be mindful of potential risks posed by the issue in the…
Shopping malls lure tenants as street-front houses remain unoccupied
Retail spaces in HCMC’s shopping centers have mostly been filled in Q1 while street-front houses continue to stay empty, according to industry insiders.
Pay cuts, layoffs continue as businesses wait on economic recovery
Many businesses are cutting salaries and letting go of employees while waiting for the economy to turn the corner.
Vietnam may resist diplomatic upgrade with Washington as U.S.-China tensions simmer
A push by the United States to upgrade ties with Vietnam this year is facing resistance in Hanoi, over what experts say are concerns that China could see the move as hostile at a time of tension between superpowers Beijing…
US companies including Netflix and Boeing join ‘biggest’ business mission to Vietnam
Dozens of American companies are in Vietnam this week in hopes of pushing further into the fast-growing Southeast Asian economy, which has emerged as an attractive potential alternative to China as companies seek to diversify their markets and supply chains.
EuroCham Vietnam has new chairman
Gabor Fluit, Director of De Heus Asia, has been elected Chairman of the European Chamber of Commerce (EuroCham) in Vietnam.
Foreign businesses want work permit procedures simplified
Representatives of South Korean, European and American businesses in Vietnam are complaining that they’re struggling to obtain work permits for their foreign employees due to inconsistent and vague regulations.
Chinese suppliers race to Vietnam as COVID let-up opens escape route from Sino-U.S. trade war
Vietnam has enjoyed a wave of investment from China since its neighbour abruptly canned its strict virus-containment strategy and unleashed pent-up interest from companies – and their suppliers – fleeing the impact of Sino-U.S. trade friction.
Business implications of president’s ouster in Vietnam
What happened ? Vietnamese President Nguyen Xuan Phuc resigned from his government and party positions on 17 January 2023. This ostensible reason was to take responsibility for corruption by senior officials under his watch as prime minister (2016-2021).
AmCham Vietnam has new chairman
The American Chamber of Commerce in Vietnam said Wednesday that Greg Testerman, CEO of banking advisory firm Gregory Advisory, has been elected its chairman.