Economy

Tourism sector poised to earn big money from Chinese travelers

Saturday, 17 March 2018 13:06

Tourism sector poised to earn big money from Chinese travelers Vietnam has been advised to attract more Chinese tourists from first-class cities who travel regularly, book tours via online channels, and spend big money on trips.   
 

Changing customer habits bring online retail to fore

Saturday, 17 March 2018 13:05

Changing customer habits bring online retail to fore As global brands are scaling up efforts to promote online sales and avail themselves of traditional retail outlets, to garner similar benefits, trade centres need to be flexible to keep up with customers’ fast changing appetite.
 
 

PVEP sells 5 percent interest in Block 15-1/05 to Murphy

Saturday, 17 March 2018 13:01

PVEP sells 5 percent interest in Block 15-1/05 to Murphy The PetroVietnam Exploration Production Corporation (PVEP) has signed a deal on the transfer of a 5-percent interest and the administration right in Block 15-1/05 to Murphy Cuu Long Bac Oil Co. Ltd.
 
 

Thai firms continue pushing for bigger Vietnam market share

Friday, 16 March 2018 11:28

Thai firms continue pushing for bigger Vietnam market share The just increased ownership of NawaPlastic Industries (Saraburi) Co Ltd in Vietnamese firm Binh Minh Plastic (BMP) is yet another clear indication that Thai companies are continuing finding ways to gain a bigger market share in Vietnam.
 
 

Retail chains seek more workers as Amazon prepares to arrive

Friday, 16 March 2018 11:27

Retail chains seek more workers as Amazon prepares to arrive Vietnam, a promising retail market for retailers thanks to its young population and economic growth, faces a lack of qualified workers for the sector. 
 
 

Retail model under conversion in Vietnam

Friday, 16 March 2018 11:25

Retail model under conversion in Vietnam After two decades of investing in Vietnam, Parkson system has continuously announced operation stop of some four trade centers in Vietnam. Meantime, convenience stores and some other retail models such as shopping mall and Omni-channel have strongly developed.
 
 

Resort property market: mini hotels on the wane, homestays on the rise

Friday, 16 March 2018 11:17

Resort property market: mini hotels on the wane, homestays on the rise Investors are now developing new types of resort properties like homestays as condotels are no longer the preferred investment channel.   
 
 

Vinafood II raises $51 mln selling 23 percent of stakes in March IPO

Thursday, 15 March 2018 11:51

Vinafood II raises $51 mln selling 23 percent of stakes in March IPO The State-run Vietnam Southern Food Corporation (Vinafood II) raised nearly 1.16 trillion VND (51.1 million USD) from selling 22.97 percent of its stakes at an initial public offering (IPO) on March 14.
 
 

VN-Index fails to reach 1,140 points despite vibrant transactions

Thursday, 15 March 2018 11:46

VN-Index fails to reach 1,140 points despite vibrant transactions Although the stock market experienced vibrant transactions with total value of nearly 8.36 trillion VND (368.7 million USD) on both bourses on March 14, the VN-Index of the Ho Chi Minh Stock Exchange (HOSE) failed to hit the threshold of 1,140 points.
 
 

Vietnamese spend more on imported beef

Thursday, 15 March 2018 11:41

Vietnamese spend more on imported beef Vietnamese people spent up to a total USD15 million to import beef from Australia and the US in the first two months of this year, according to the General Department of Customs.
 
 

Organisations are not doing enough to protect data privacy: PwC

Thursday, 15 March 2018 11:38

Organisations are not doing enough to protect data privacy: PwC In today’s data-driven society, privacy, security and trust are more vital and intertwined than ever before. But many organisations are not doing all they can to protect data privacy, according to new findings released today from PwC’s 2018 Global State of Information Security Survey (GSISS).
 
 

Peer to Peer lending increasingly popular in Vietnam

Wednesday, 14 March 2018 12:52

Peer to Peer lending increasingly popular in Vietnam Peer to Peer, or P2P lending, became more popular over the last year with the establishment of many online lending companies.  
 
 

Foreign banks assure continued presence in Vietnam

Wednesday, 14 March 2018 12:50

Foreign banks assure continued presence in Vietnam Some foreign banks have assured that they will retain their presence in Vietnam after withdrawing capital from some Vietnamese partners recently, noting that the country is still an attractive market.  
 
 

E-commerce eager for Amazon debut

Wednesday, 14 March 2018 12:50

E-commerce eager for Amazon debut Amazon is making its long-awaited foray into Vietnam’s e-commerce market in March, a move that could shake up the country’s entire online retail market.
 
 

Warburg Pincus to pump over $370m into Techcombank

Tuesday, 13 March 2018 11:17

Warburg Pincus to pump over $370m into Techcombank Two separate legal entities managed by Warburg Pincus would invest over 370 million USD in the Vietnam Technological and Commercial Joint Stock Bank (Techcombank), announced the bank on March 12.
 
 

Division in banking sector sharpens

Tuesday, 13 March 2018 11:15

Division in banking sector sharpens While some commercial banks report increased mobilized capital, other banks have had to raise deposit interest rates, demonstrating the divide in the banking sector, analysts say.  
 
 

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