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Recent years has seen several Indian firms with billions of dollars in turnover decide to make long-term investments or surveys in an effort to prepare investments or expand their current business dealings in the country, including Adani Group. Their intention to get involved in the local renewable energy sector was first presented by the CEO of Adani Group during his working trip to Vietnam in 2018 in a meeting held with Prime Minister Nguyen Xuan Phuc. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 10

According to Director of Hanoi Tax Department Mai Son, budget collection in the first eight months of the year, excluding the rescheduled taxes and land use fees, amounted to more than 147 trillion VND (6.34 billion USD), accounting for 56.5 percent of the estimate and 89.4 percent of the same time last year. However, disbursement of public investment capital lagged behind progress as it only made up of 45.41 percent of the yearly plan. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 12

Vietjet targets a pre-tax profit of VND100 billion ($4.3 million) for 2020, a drop of 98 percent from last year, due to coronavirus impacts. The airline has also lowered its revenue target for the year by 29 percent to VND36 trillion ($1.54 billion), it said in a statement. … [Read more...] about Vietjet CEO an Asian economy transformer: Business Insider

In late 2019 and early 2020 e-commerce sites conducted intense experiments to develop online shopping. Tiki has TikiLive, Shopee has Shopee Feed, and Sendo has SenLive. The Covid-19 pandemic, which broke out in early 2020, gave a push to e-commerce sites as people stayed home and had higher demand for online entertainment, which was ideal for sites to experiment. … [Read more...] about Online shopping sees record growth, ranked 3rd in region

Quang Ninh (VNA) - Investment in industrial parks (IPs) and economic zones (EZs) has become a new driver of growth in the northeastern province of Quang Ninh, with local authorities issuing various policies to attract investors. According to experts, Quang Ninh is considered a strategic investment destination in Vietnam’s northern region and an important link in the Hanoi - Hai Phong - Quang Ninh northern economic growth triangle. The province possesses major advantages, with Van Don district to become a multi-sectoral marine economic zone and an entertainment centre, with a casino, high-end sea-island tourism, and general services. The province has planned to develop eleven IPs and four EZs that together span over 368,000 ha, accounting for more than 30 percent of Quang Ninh’s total natural area. Six of the 11 IPs have already been issued investment registration certificates and have infrastructure invested in and leased. Investors have so far poured about 27.35 … [Read more...] about Industrial parks, economic zones create new growth momentum in Quang Ninh