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Transport Ministry might switch to open bidding for North-South Expressway

The Ministry of Transport has issued a statement regarding the selection of investors for a projectto build a number of routes in the eastern section of the North-South Expressway.

Hong Kong-based insurer likely to reach deal with Vietcombank

Insurer FWD Group Ltd. is nearing an agreement to pay about $400 million for a unit of Vietcombank, and a long-term insurance distribution agreement with the bank, Bloomberg reported.

 

Vietravel prepares capital for aviation projects

Vietravel has raised VND700 billion (US$30.16 million) by issuing bonds, with the cash set to go towards its aviation ambitions.

 

Where next for renewable energy in Vietnam?

According to experts, national energy transition process requires comprehensive and synchronised policies. 

Circular on “Made in Vietnam” products helps firms avoid fraud accusations

A circular on "Made in Vietnam" products is expected to help businesses avoid accusations of fraud, said Deputy Minister of Industry and Trade Tran Quoc Khanh at a conference in Hanoi yesterday.

 

Vietnam's growth moderate this year but remains robust in Asia: ADB

ADB representatives at the report launch on Wednesday. The bank retained its growth forecasts for Viet Nam at 6.8 per cent in 2019 and 6.7 per cent in 2020.

 

BUSINESS NEWS SEPTEMBER 30

Stripe International acquires Vietnamese footwear brand Vascara

 

Vietnam’s digital economy likely to hit $30 billion in 2025

Vietnam's digital economy was valued at 9 billion in 2018 and is expected to reach 30 billion by 2025, according to Open Gov Asia.

 

BUSINESS NEWS SEPTEMBER 26

ADB forecasts Vietnam’s economy to grow at 6.8 per cent in 2019

 

New feed-in tariff rate expected to promote investment in solar energy

Many businesses and investors are waiting for the Government’s decision on the feed-in tariff (FiT) rate for solar power projects nationwide to set up long-term investments in solar power projects in Vietnam.

 

Rooftop solar’s growing popularity in HCM City

Le Dinh Vu, owner of a home decor store in HCM City’s Thu Duc District, spent nearly VND50 million (US$2,155) to install solar panels on the roof of his newly built house.

 

Two Vietnamese CEOs named among top 25 Asian Power Businesswomen

The CEO of budget airlines Vietjet Air and dairy firm Nutifood have been selected in the top 25 Asian Power Businesswomen list.

 

HoSE, HNX to operate under new Vietnam Stock Exchange

Streamlining stock and securities activities in the country, the new State-owned Vietnam Stock Exchange (VSE) will take charge of regulating and supervising the Hochiminh Stock Exchange (HoSE) and the Hanoi Stock Exchange (HNX).

Indonesia, Japan sign deal on $4 billion railway project

Indonesia and Japan on September 24 signed an outline deal for a medium-speed train project linking the Southeast Asian country’s capital of Jakarta and its second-largest city, Surabaya.

 

South Korean business pours $700 million into POS system of Vietnam

Around 600,000 point of sales (POS) devices will be deployed in Vietnam by South Korean financial firm Alliex.

 

Vietnam's solar energy sector a magnet for foreign companies, funds

This month saw the inauguration of the largest solar power plant in Southeast Asia, Dau Tieng in Tay Ninh Province, by Dau Tieng Energy JSC and Thailand’s B.Grimm Power Public Company limited.

 

First contractors of North-South expressway project announced

Vietnamese firms have been the first contractors selected for the eastern North-South expressway project.

 

BUSINESS NEWS SEPTEMBER 25

Vietnam’s top 50 brands in 2019 announced

Change overdue in port infrastructure

Vietnam needs to address the shortcomings in its port infrastructure to fully benefit from its economic development.

No prime time at Noi Bai airport left for Vinpearl Air’s flights

Vingroup’s Vinpearl Air selected Noi Bai International Airport in Hanoi as its base, however, no prime flight slots are available for the carrier’s flights.