The People’s Committee of Da Nang City has asked for the Prime Minister’s approval for the construction of three new industrial parks at a cost of more than VND15,000 billion (over $652 million). Pham Truong Son, Head of the Management Board of Da Nang Hi-Tech Park and Industrial Parks, told VietNamNet that the three new […]
Read MoreExperts called for Vietnam to soon provide a legal framework for the securitization of bad debts. The central bank-run Vietnam Asset Management Company (VAMC), the Government’s debt management arm, said it is planning to launch the debt trading platform, the first of its kind in Vietnam, in the early third quarter. The move came after […]
Read MoreTransportation companies could face their end at any moment, said a sector’s insider. As the Covid-19 pandemic continues to wreak havoc on the Vietnamese economy, transportation firms are forced to scale down operations to keep their business afloat. However, the fact that petrol prices have risen for two consecutive times in June has further placed […]
Read MoreBuyers nowadays only need to scan a QR code by their phones to pay for items, and shops have even stopped accepting cash payments. A banh mi (Vietnamese sandwich) shop on Dang Van Ngu Street in Hanoi attracts a large number of young buyers not only because its banh mi is less than VND20,000 ($0.8), […]
Read MoreThe trend of shoppers going online en masse is driving demand for cold storage facilities, something that is in severe short supply in Vietnam. Nguyen Quoc Trinh, chairman of the Long An Dragon Fruit Association, said June is the peak harvest season for many agricultural products in Long An, but exports remain difficult and local […]
Read MoreThe two years for intellectual property registration in Vietnam is said to be too long, affecting business activities and the image of the brand. Chairman of Pacific Foods Le Ba Linh worked very hard for eight years to bring the traditional Vietnamese fish sauce bottle to Amazon. As an exporting company, the boss of Pacific […]
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