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Vietnam sets sight on becoming high-income country by 2045: State president

The Hanoitimes – It is essential to make a breakthrough in institutional reform to better mobilize resources for development and prevent splurge and corruption in state resources management. By 2045, when Vietnam celebrates the 100th anniversary of the Independence Day, the country is expected to become a developed and high-income country, according to Party General Secretary and […]

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Government sells stake in Viet Nam’s largest brewer

The Ministry of Industry and Trade late last week transferred the State ownership in Saigon Beer Alcohol Beverage Corp (Sabeco) to the State Capital… The Ministry of Industry and Trade late last week transferred the State ownership in Saigon Beer Alcohol Beverage Corp (Sabeco) to the State Capital Investment Corporation (SCIC). The value handed over […]

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Vietnamese beer industry: market slowly recovers

Domestic beer consumption in the second half of the year is expected to improve over the first six months, while next year the beer industry can… Despite progress, beer consumption volume is unlikely to reach the figures recorded before the Covid-19 pandemic, according to SSI Research. “We believe that beer consumption volume may take several years to […]

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Covid-19 boosts cashless payments in Vietnam

The Hanoitimes – Transaction values via smartphones increased by 177% in the first half of 2020. Concerns over Covid-19 and mobility restrictions have prompted the use of cashless payments in Vietnam, according to local insiders and providers. Statistics from Shopee, the leading e-commerce platform in terms of visitors in Vietnam, showed that the number of users […]

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