Vietnam’s logistics sector: low competitiveness despite rapid growth

The sector's progress could be derailed unless staff and infrastructure are upgraded. Vietnam’s logistics industry has seen strong growth over the past few years but problems arising from the lack of infrastructure and the limited capacity of local businesses have put the brakes on its development. Data from the Vietnam Logistics Business Association said that the sector is expected to record average growth of 20 to 24 percent...

Read More

Vietnam scraps nuclear power project as costs spiral

 Business insiders say investing in coal or oil power plants will be cheaper. The National Assembly, Vietnam’s top legislature, decided to scrap the country’s nuclear power plans for the central province of Ninh Thuan on Tuesday after business insiders pointed to uncompetitive prices. The Ministry of Industry and Trade proposed an end to the project on November 10, and the motion passed with 92 percent of legislators’ votes...

Read More

Vietnam Technology Startup Attracts Foreign Enterprises

Technology startup in Vietnam is increasingly attractive. Many foreign enterprises are interested in this area and showing their desire to set up business in Vietnam. According to Mr Mitchell Pham, president of the New Zealand Technology Association (NZTech) – who is known to be the 1st native of Vietnam elected to become the chairman of NZTech, representing for over 400 technology enterprises New Zealand: “All trip participants were...

Read More

Vietnam, Ireland ink deals to build $2.2 billion wind farms

The farms, one in the central region and the other in the south, will have a combined capacity of 940 MW. Companies from Vietnam, Ireland and the U.S. on Monday signed cooperation agreements to build two wind farms in Vietnam worth $2.2 billion. The pacts are part of various deals reached by Vietnam and Ireland during the visit to Vietnam by President of Ireland Michael D. Higgins from November 5-14. Vietnam’s Phu Cuong Corporation will...

Read More

Vietnam’s pharma market booms amid short supply

The country spent $2.1 billion on imported drugs last year. Vietnam’s pharmaceuticalmanufacturers met less than half the nation's demand for drugs last year, experts said at a seminar on Monday. From 2010 to 2015, local pharmaceutical firms saw annual growth rates of 17-20 percent, according to Le Van Truyen, former deputy health minister. Truyen called Vietnam the largest pharmaceutical growth market in the region with a value...

Read More

Japanese investors ready to pour $2 bln into Vietnam’s real estate market

Property firms are confident of the growth fundamentals in Vietnam. Japanese real estate companies are looking outside the domestic market for a potential investment destination, and Vietnam is looking like an ideal candidate with annual returns of up to 20-25 percent. Vietnam's Real estate Japanese companies are planning combined investment of up to $2 billion in the Southeast Asian country, said Than Thanh Vu, president of a...

Read More

Ho Chi Minh City ranked among top 5 real estate markets in Asia-Pacific

Investors expect annual returns of 20-25 percent. Ho Chi Minh City is in the top five of the Asia-Pacific region for real estate investment and development prospects, with annual returns expected to be up to 25 percent, according to a new report. Emerging Trends in RealEstate Asia Pacific 2016, jointly published by the Urban Land Institute and consulting firm PwC, has ranked the city fifth for investment and fourth for...

Read More

Set-up Limited Liability Company in Vietnam

Limited Liability Company is a form of enterprise which is established by contributing of members.  A member shall be liable for the debts and other property obligations of the enterprise within the amount of capital that he/she has undertaken to contribute to the company. Set-up Limited Liability Company in Vietnam Limited liability companies are regulated by two types: One member Limited Liability Company is an enterprise...

Read More

Benefits of Setting Up Company in Hanoi

Along with the trend of integration in the world, Vietnam is considered a country with rapid and strong growth, in which, industrialization and modernization are focused on developing a uniform set and achieve high performance. Hanoi and Ho Chi Minh City are considered the two cities and dynamic development in Vietnam. Benefits of Setting Up Company in Hanoi In particular, Hanoi, the potential capital for developing and attracting foreign...

Read More

Set-up Branch Office in Vietnam

The Branch of a foreign business entity in Vietnam (referred as “The Branch”). Means a subsidiary unit of the foreign business entity, established in accordance with the law of Vietnam in order to enter into contracts in Vietnam and conduct activities being the purchase and sale of goods and other commercial activities consistent with its license for establishment in accordance with the law of Vietnam and any international treaty to which...

Read More