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Vietnam needs to reduce logistics costs to compete: PM

Heightened costs stem from reliance on land-based transport and inefficient delivery systems. Vietnam’s inflated logistics costs are putting a strain on local businesses and need to be cut in order to make firms more competitive, said Prime Minister Nguyen Xuan Phuc. The PM was speaking at a conference held by the Ministry of Industry and […]

Vingroup receives $1.3-billion from GIC for property development

Singapore sovereign wealth fund GIC will invest about $1.3 billion in leading Vietnamese property developer Vingroup and related entities for its real estate arm ahead of its market debut, which is slated for the second quarter of this year.  GIC will purchase an ordinary shares and extend a debt-like instrument to the subsidiary of Vingroup namely Vinhomes, […]

Koreans rush to study Vietnamese for new business opportunities amidst China’s boycott

800 Koreans signed up for Vietnamese oral tests last year, an increase of 15 percent from 2016, according to reports. Near the busy Gangnam Subway Station in Seoul, about eight private language institutions have already opened Vietnamese classes, as cited by Chosun Ilbo. “We increased the number of classes from one to 11 only a month […]

Vietnamese startups pour $129 million into financial tech

Widespread smartphone usage, increased consumer spending and a low unemployment rate have spurred investment. Vietnamese startups have invested $129 million into financial technologies, with investors saying the country has high potential for tech development, a conference in Hanoi heard last week. Vietnam is one of the best markets for financial technologies given its widespread smartphone usage, […]

Proposed new property tax raises eyebrows in Vietnam

Experts are concerned that the tax will hit low income earners where it hurts. Vietnam is considering imposing a new tax on people who own property worth VND700 million ($30,700) or more. The 0.4 percent tax has been proposed by the Ministry of Finance, which claims it will bring in VND31 trillion ($1.3 billion) per year […]

COLLECTED, FACEBOOK MAY BE PAYABLE FROM USD

In regards to the latest face-recognition lawsuit, Facebook may have to pay compensation of up to billions of dollars. Only three people in the state of Illinois (USA) sued Facebook, related to the facial recognition feature of the platform. However, based on the lawsuit, if there are advantages, there will be millions more Americans involved […]

THE MOST POPULAR AUTOMOBILE VIETNAMESE VILLAGE, DOWN UNDER 270 MILLIONS

While many automakers raised prices for imported automobiles and automobiles, US automakers reduced prices for some of their cars, especially the Chevrolet Spark Duo LS, to 269. million, becoming the cheapest car in Vietnam market today. According to the car price list in April 2018, Chevrolet Vietnam continues to decline for small cars assembled in […]

NOKIA 7 PLUS AND NOKIA 6 NEW OFFICIAL IN VIETNAM WITH ATTRACTIVE PRICE

Recently, HMD Global has officially introduced the mid-range smartphone Nokia 7 Plus and Nokia 6 (2018) in Hanoi. The launch of the new Nokia 7 Plus and Nokia 6 (2018) is officially launched in Hanoi. These are models targeting two mobile segments that own the largest market share in the Vietnamese mobile market today are […]

PRESENT SONY DISCLOSES THE NEW GENERATION OF HDR TV IN VIETNAM

Recently, Sony has officially announced the new generation HDR TVs designed to perfectly represent contrast, color and detail. The A8F and X9000F are the latest choices for users to experience superb 4K HDR picture quality thanks to Sony’s exclusive breakthrough technology. Earlier in 2017, Sony introduced the BRAVIA OLED A1E, which was well received by […]