BASF and Teamplas to recycle consumer waste (15/11/2023)
BASF and Teamplas Group, a leading manufacturer of recycled pellets in Southeast Asia, on November 14 announced that they have collaborated to transform post-consumer waste into new high-quality office equipment and car interior parts with the help of BASF’s IrgaCycle®.

Homebuying rules still deter foreigners (15/11/2023)
Overlaps and holes in laws related to the real estate market are continuing to prevent foreigners from buying houses in Vietnam, legislators have been warned.

Singapore’s Sunray Woodcraft Construction aims to acquire Hotel Telegraph (15/11/2023)
A related entity to Singapore’s Sunray Woodcraft Construction (Sunray) is reportedly assessing the acquisition of Hotel Telegraph from Viva Land, a Vietnamese property developer.

Vietnam needs reform to retain FDI firms: economist (15/11/2023)
Vietnam should boost administrative reforms and issue more effective policies to attract and retain foreign direct investment (FDI) enterprises amid news reports about U.S. technology company Intel’s plan to shelve an investment for expansion in Vietnam, according to local economist Huynh The Du.

Foreign businesses seek to invest in Vietnamese mergers and acquisitions market (14/11/2023)
Many businesses from the United States and Europe are looking to pour investments into the mergers and acquisitions (M&A) market in Vietnam next year, a conference of the Global M&A Partners (GMAP) in Ho Chi Minh City heard on November 13.

Marubeni CEO told Vietnamese PM of plans to invest billions of dollars into Việt Nam (14/11/2023)
Prime Minister Phạm Minh Chính received President and CEO of Japan’s Marubeni Corporation Masumi Kakinoki in Hà Nội on Monday, expressing his hope that the group and other Japanese enterprises would continue expanding cooperation and investment in Việt Nam’s priority development areas.

Electricity pricing and the opportunities for development (14/11/2023)
Resolution 55 on the energy development strategy clearly stipulates that Vietnam needs to remove all barriers to be sure that power pricing is transparent and determined by the market.

State Capital Investment Corporation development strategy approved (14/11/2023)
Deputy Prime Minister Le Minh Khai has signed a decision approving the development strategy of the State Capital Investment Corporation (SCIC) until 2030 with a vision to 2035, as well as the business and investment plan of the firm until 2025, aiming to turn it into a financial investment organisation with the leading equity scale in Vietnam.

Enterprises surpass 2023 targets early (13/11/2023)
A raft of businesses spanning a range of sectors have reached their full-year profit targets ahead of time, despite the economic headwinds.

Fast Retailing transforms its business to balance sustainability with growth (13/11/2023)
Fast Retailing, a Japanese retail holdings company, is altering its operations to strike a balance between sustainability and business growth, contributing to a more sustainable society through a new circular business model.

Positive momentum expected as investor confidence grows and real estate bills await approval (13/11/2023)
Improved cash flow and positive sentiment are expected to drive market trends this week, as cooling domestic exchange rate boosts investor confidence.

U.S. investments in Vietnam agriculture remain modest (13/11/2023)
Out of nearly US$12 billion pledged by U.S. companies in Vietnam, only US$149 million has been committed to agricultural projects, representing a mere 1.35% of the total.

Clock ticking for southern localities to fulfil FDI attraction targets (08/11/2023)
While some southern localities have fulfilled their targets for FDI attraction, the clock is ticking for many others to complete their goals since there are only 1.5 months left to the end of 2023.

S.Korea’s SK Group rejects rumor of divestment from Vietnam (08/11/2023)
South Korea’s third-largest industrial company SK Group refuted a rumor stating that it would soon divest investments in Vietnam, and affirmed that the group, on the contrary, is planning to use Vietnam as its business base in Southeast Asia.

US firms push ahead with investment plans in Vietnam (08/11/2023)
Many enterprises from the US are planning to make or expand investments in Vietnam, showing their intention to turn the Southeast Asian country into one of their important bases.

Viet Nam is fastest-growing digital economy in Southeast Asia (08/11/2023)
Viet Nam’s digital economy is expected to grow 20 percent a year in the 2023-2025 period and is on track to reach around US$45 billion by 2025, the fastest pace in Southeast Asia along with the Philippines, an annual industry report showed.

Clock ticking for southern localities to fulfil FDI attraction targets (07/11/2023)
While some southern localities have fulfilled their targets for FDI attraction, the clock is ticking for many others to complete their goals since there are only 1.5 months left to the end of 2023.

EU releases $23 million fund for clean energy in Vietnam (07/11/2023)
The EU has released $23.6 million to the Vietnamese government in the framework of the EU - Viet Nam Sustainable Energy Transition Programme.

Foreign investors net sellers in October (07/11/2023)
Foreign investors were net sellers on the Ho Chi Minh Stock Exchange (HoSE) in October to the tune of 1.59 trillion VND (64.4 million USD), according to the major bourse.

VN should apply global minimum tax from 2024: tax official (07/11/2023)
The Ministry of Finance drafted a resolution for the adaptation of the global minimum tax, paving the way for the adoption of the global minimum tax in Vietnam from next year.