Muji will open its first store in Saigon

Muji, the Japanese household products and apparel chain retailer, will open its first store in a downtown Saigon commercial complex. The company announced the opening via a recent Facebook post, saying the store will located on the first floor of the Parkson Saigon Tourist Plaza. The District 1 department store...

Vietnam experiences highest unemployment for a decade due to Covid-19

Zalo Bank not licensed by SBV and MoIT to provide online financial services

GV Taxi enters Vietnamese ride-hailing market

Fitch revises up GDP growth forecast for Vietnam in 2020 to 3% from 2.8%

Vietnam’s industrial production up in H1 despite pandemic impact

Foxconn to implement three social housing projects for its workers in Vietnam

 Strategies to keep your International business successful

Vietnam’s export down slightly in 6 months due to the impact of the pandemic

Muji will open its first store in Saigon

Muji, the Japanese household products and apparel chain retailer, will open its first store in a downtown Saigon commercial complex. The company announced the opening via a recent Facebook post, saying the store will located on the first floor of the Parkson Saigon Tourist Plaza. The District 1 department store is also where Japanese casual […] Read more »

Vietnam experiences highest unemployment for a decade due to Covid-19

As of June, 30.8 million people aged over 15 have been laid off, lost jobs or got fewer wages due to fewer work hours because of Covid-19, according to the Department of Employment. The problem was discussed at the conference about labour and employment solutions for firms due to Covid-19 pandemic held by the Ministry […] Read more »

Zalo Bank not licensed by SBV and MoIT to provide online financial services

The State Bank of Vietnam (SBV) and the Ministry of Industry and Trade have affirmed that they have not licensed Zalo Bank to provide online built-in financial services. Advertising messages such as “Get loans at home, spend lavishly” and “Interest rates reduced by 1-2 per cent for new loan application”, which have been sent to […] Read more »

GV Taxi enters Vietnamese ride-hailing market

GV Taxi has become the latest entrant in the Vietnamese ride-hailing market currently dominated by Grab and Go-Viet. Ho Chi Minh City-based GV Asia JSC announced at the launch of the app on Tuesday that it targets partnering with 8,000 drivers and doing 60,000 trips per day during the six-month test period. The app has […] Read more »

Fitch revises up GDP growth forecast for Vietnam in 2020 to 3% from 2.8%

Vietnamese economy’s resilience, the government’s capable handling of the pandemic, and it being a beneficiary of supply chain relocation could help the country rebound quicker versus the region. Fitch Solutions, a subsidiary of Fitch Group, has revised up its 2020 real GDP growth forecast for Vietnam to 3% from 2.8% previously. The country’s General Statistics […] Read more »

Vietnam’s industrial production up in H1 despite pandemic impact

Vietnam’s national index of industrial production advanced 2.7 percent year-on-year in the first half this year, according to the country’s General Statistics Office on Tuesday. Main driver of the rise, the processing and manufacturing sector, went up 4.96 percent, contributing 1.1 percentage points to the overall growth. Electricity production and distribution sector grew 3.04 percent, […] Read more »

Foxconn to implement three social housing projects for its workers in Vietnam

Taiwan’s Foxconn Technology Group is waiting for authorities’ approval for its plan to spend more than US$325 million implementing three social housing projects for its workers in Vietnam. The projects will be developed in Bac Giang, Bac Ninh, and Vinh Phuc, all located in the northern region of the Southeast Asian country, according to Foxconn’s […] Read more »

 Strategies to keep your International business successful

Gaining footage in international markets is one step closer for any business going global. There are a lot of benefits that come with such growth, ranging from the increased customer base to accessing cost-friendly talents and finding potential opportunities to dive in other markets. Managing an international business, however, comes with its own unique challenges. […] Read more »

Vietnam’s export down slightly in 6 months due to the impact of the pandemic

Success against coronavirus came with worst GDP numbers in decades Vietnam’s export and import turnovers in the first half of 2020 decreased by 1.1 percent and 3 percent year-on-year respectively, the country’s General Statistics Office said Monday. Export revenue totaled over 121.2 billion U.S. dollars and import turnovers reached some 117.2 billion U.S. dollars during […] Read more »

Vietnamese lychees make it onto shelves of Japanese supermarkets

An initial batch of fresh Vietnamese lychees shipped to Japan have been going on sale in AEON’s store system, including sales at the 250 AEON General Merchandise Stores and Supermarkets and AEON Style stores in Japan. This comes after import restriction on Vietnamese fruits were lifted back at the AEON December, 2019, when the becoming […] Read more »

The New Vietnam – What’s in the New Deal with the EU?

While it’s hard to find genuine success stories in the ongoing fight against Covid-19, Vietnam offers a stark and genuinely impressive example. Incredibly, as of Jun 29th, Vietnam has only recorded 355 cases since the outbreak of the pandemic in Asia, while no patients at all have died as a result of the disease. As […] Read more »

The number of new enterprises increases in June

The number of new enterprises increased across all industries in June, especially those hit by the coronavirus, compared with the previous month, according to the Ministry of Planning and Investment. Official data showed that 13,725 firms were established in June with total registered capital of VND139.146 trillion (US$6 billion), up 27.9% in business numbers and […] Read more »

Vietnam reduces car registration fee by half

Locally made cars would have their first-time registration fee cut by half until year’s end, starting Sunday, according to a new decree. The decree, signed by Prime Minister Nguyen Xuan Phuc on Sunday, which determines the registration fee for cars produced in Vietnam, would be in effect until December 31. First-time registration fees for locally […] Read more »

IFC supports Vietnam’s capital city to attract more investments

The International Finance Corporation (IFC), a member of the World Bank Group, signed a memorandum of understanding (MoU) with the People’s Committee of Hanoi to support its efforts to attract new-generation foreign direct investment (FDI) and diversify its funding sources, thereby sustaining the city’s rapid economic development, competitiveness, and inclusive prosperity. One of the fastest-growing […] Read more »

How will Vietnam’s airlines market fare after Covid-19?

Activities at large airports such as Noi Bai and Tan Son Nhat as well as local airports have become busy again thanks to domestic flights. According to the Civil Aviation Authority of Vietnam (CAAV), from April 19 to May 18, five airlines, including Vietnam Airlines, Vietjet Air, Bamboo Airways, Jetstar Pacific and Vasco, had a […] Read more »

Vingroup starts mass production of ventilators

Vinsmart, the electronics arm of Vingroup, is starting mass production of ventilators both for the domestic market and export after its model, known as VFS-510, was approved by the Ministry of Health. VFS-510 has undergone rigorous independent quality testing procedures at various top-level hospitals such as Bach Mai Hospital and 103 Military Hospital with close […] Read more »

Short Guide to Company Registration Singapore from Anywhere

Are you an entrepreneur in Vietnam or from anywhere in the world, who’s looking to set up a new company in Singapore? The process of company registration Singapore can be complicated and confusing. The many rules and regulations, in addition with the array of entity types, can be make the process of incorporating a company […] Read more »

Eximbank replaces the chairman

The chairman of Eximbank Cao Xuan Ninh has resigned and been replaced by the company’s Japanese deputy chairman. The bank said Thursday Ninh, 58, ensured “responsible and effective” management since May last year, and that he left for personal reasons. Replacement Yasuhiro Saitoh, before taking the deputy chairman title, was a board representative of Japan’s […] Read more »

Vietnam received $8.65 billion in foreign direct investment in six months

Vietnam received $8.65 billion in foreign direct investment (FDI) in the first six months of the year, down 4.9% from a year earlier, the Ministry of Planning and Investment said on Friday. FDI has been a key driver of Vietnam’s economic growth. Companies with FDI account for around 70% of the Southeast Asian country’s exports. […] Read more »