Aeon Vietnam announced that they will invest an additional USD 2 billion to expand its network of commercial centers in the country. Iwamura Yasutsugu, the general director of Aeon Vietnam, says the company expects to develop 25 centers across the country as consumer...
Singapore-based ST Engineering is exploring the setting up of an airframe MRO joint venture (JV) in Vietnam with Vietnam Airlines and other potential airline partners to cater to Vietnam Airlines (VNA) and the Asia Pacific region’s rising needs for Maintenance Repair...
Ha Long City will receive USD 107 million to improve its transport Infrastructure this year in a bid to transform the coastline into an attractive tourism destination. The investment, which will contribute to 57 projects, will come from Quang Ninh province’s budget,...
According to a report in the Hanoi Times, the Vietnamese Ministry of Information and Communications plans to support the production of low-cost smartphones to make them affordable to every citizen and facilitate the deployment of e-government initiatives. Vietnam will...
Vietnam’s Ministry of Finance has announced a five-month extension of value-added tax (VAT), personal income tax and land rent fee payments worth around USD 1.3 billion for businesses affected by the COVID-19 epidemic. This measure is expected to come in effect...
EU investors will have opportunity to hold up to 49% charter capital at two Vietnamese banks under Vietnam’s commitments in the EU-Vietnam Free Trade Agreement (EVFTA). The offer will be valid for five years after the pact takes effect and it will apply only to...
In February 2020, Grab, South East Asia’s leading ride hailing firm, announced the launch of Grab Ventures Ignite, an accelerator program for early-stage startups, as part of the Grab for Good development roadmap in Vietnam which aims to create greater social and...
As a part of the project to turn Ho Chi Minh City (HCMC) into a smart city, pilot models of operation centers for smart health and smart education, were launched in February 2020. The smart health operation center will connect, gather and integrate data from relevant...
Vietnam’s largest pharmacy retailer, Pharmacity, plans to open 350 new stores this year and reach 1000 stores by the end of next year. In February 2020, Pharmacity raised VND 730 billion (USD 31.8 million) in a fresh funding round, which will be used for the further...
The People’s Committee of Bac Lieu Province, Vietnam granted an investment certificate to Singapore’s Delta Offshore Energy Pte Ltd Co to develop a USD 4 billion liquefied natural gas (LNG)-fired thermal power plant in the province. The plant will be built over 40...
Bach Viet Automobile Manufacturing Industry JSC received in principle approval for a VND 2.7 trillion (USD 117.4 million) project to develop a 50 hectare automobile assembly and Manufacturing complex in Chan May – Lang Co Economic Zone, Thue Thien-Hue province in...
US space agency National Aeronautics and Space Administration (NASA) is collaborating with the Vietnam National Space Centre (VNSC) for satellite observations on land use and land cover. The observations are providing researchers with important data on environmental...
