Algerian firm seek partnership with Vietnamese peers (22/08/2023)
Groupe des Frères Rahmoune (GFR), a family firm of Algeria, had an online meeting with Vietnamese businesses on August 20 to seek partnership in the fields of automobile and motorbike import-export, packaging, agriculture, construction materials, and tourism.

Chinese battery firm Gotion invests $150 million in VinFast (22/08/2023)
Chinese battery manufacturer Gotion Inc. has agreed to acquire 15 million ordinary shares of VinFast through a private issuance valuing the shares at $10 apiece, with an investment totalling $150 million, representing 0.7 per cent of VinFast’s total equity.

Vietnam faces up to 2,000MW power shortfall (22/08/2023)
Vietnam anticipates an energy shortfall of up to 2,000MW between 2024 and 2025, as the soaring electricity demand outpaces additions to capacity.

Nepalese president proposes increasing cooperation with Vietnam (21/08/2023)
President Ramchandra Paudel expressed Nepal’s wish to strengthen cooperation with Vietnam, especially in economy, trade and investment, during his recent reception for Vietnamese Ambassador to India, Bhutan and Nepal Nguyen Thanh Hai.

Offices juggle with entering digital era (21/08/2023)
The adoption of digital office solutions is on the rise in Vietnam, but high costs and scarcity of qualified personnel are necessitating collaborative efforts from multiple stakeholders.

Power industry to see strong surge in development: Insiders (21/08/2023)
There is ample room for Vietnam’s power industry to develop in the future as the demand for electricity grows, a trend that is forecast to continue for the next decade, according to industry insiders.

Vietnam seeks to attract large projects from global semiconductor manufacturers (21/08/2023)
The semiconductor industry is currently flourishing globally, and Vietnam is required to make the best preparations possible to attract multi-billion dollar FDI projects in this field, reports Cong Thuong (Industry and Trade) newswire.

FDI attraction, consumption, tourism silver linings of VN’s H2 economic growth (18/08/2023)
Foreign direct investment (FDI) attraction, consumption, and tourism are considered silver linings in Vietnam’s economic growth in the coming months of this year, insiders said.

Foreign retailer giants look for Vietnamese suppliers (18/08/2023)
The Vietnam International Sourcing 2023, which will be hosted by the Ministry of Industry and Trade (MoIT) from September 13 – 15 in Ho Chi Minh City, is expecting to attract about 150 business delegations from 30 countries and territories worldwide.

HCMC committed to removing obstacles facing foreign investors (18/08/2023)
City authorities meet regularly with foreign enterprises from around the world to discuss solutions to problems, city Chairman tells recent dialogue with South Korean enterprises.

ProPak Vietnam 2023 brings new solutions for the processing and packaging industry (18/08/2023)
ProPak Vietnam 2023 is returning from November 8 to 10 at the Saigon Exhibition and Convention Center, promising to bring valuable trading opportunities for both domestic and foreign enterprises in the processing and packaging industries.

Action underway to protect Lego branding (17/08/2023)
Danish toy manufacturer Lego Group and Vietnamese authorities have discussed enforcement actions and remedies that could protect the company’s intellectual property in Vietnam.

China accelerates investment in Vietnam (17/08/2023)
Surpassing Japan, China now ranks third among the countries and territories with significant investments in Vietnam since the beginning of the year.

Economy gradually regains growth pace (17/08/2023)
The third quarter of 2023 has seen a positive trend in the economic growth rate with encouraging recovery month by month and consolidated confidence of businesses and investors.

HCM City to create optimal conditions to attract Korean investors (17/08/2023)
HCM City authorities are committed to creating an optimal environment for foreign businesses, particularly those from South Korea, said a city official.

Shares rebound on large-caps, Vinfast Nasdaq debut (17/08/2023)
Vietnamese shares rebounded on Wednesday thanks to strong investors’ interest in large-cap stocks, and upbeat sentiment on the Nasdaq debut for EV maker Vinfast.

Bond mobilisation needed for Ho Chi Minh City infrastructure (16/08/2023)
To realise its ambition of becoming Southeast Asia and Asia’s leading hub in multiple sectors, Ho Chi Minh City must bolster its infrastructure. With the city’s budget only covering 30-40 per cent of infrastructure costs, amidst an economic slump, there is an urgent need to devise strategies to entice international financing, potentially through bonds. A future financial centre could also be instrumental in this endeavour.

Masterise Homes teams up with branded furniture distributor Modale (16/08/2023)
Masterise Homes signed a cooperation agreement with the exclusive distributor for Modale on August 11, creating more value for customers. All furniture is imported from Europe, and consulting services and interior construction that is in line with international standards are available.

South Korean tycoons compete with Vietnamese billionaires in $16 billion market (16/08/2023)
Many South Korean investors have recently injected big money into pharmacies, considered a sector with high potential in Vietnam. American and Japanese pharmacies have been present here for many years.

VN’s power plan lacks mechanisms to attract private investors (16/08/2023)
There are still issues to be resolved with the recently approved National Power Development Plan 8th (PDP8), namely how to attract and encourage private investors, including green financing from foreign financial institutions, according to the Ministry of Planning and Investment (MPI).