Business News

[27-09-2016] Many investors are rushing to develop software park projects in Hanoi. Experts, warning about ‘software park inflation’, say that investors have ‘other purposes’ when eyeing such projects. The Hanoi People’s Committee said it has received a document from Becamex ITC which asked for permission to develop a key software and digital content park, capitalized at VND24 trillion.

[27-09-2016] Viet Nam attracted US$16.43 billion in foreign direct investment (FDI) as of September 20, equivalent to 95.8 percent of the amount reported in the same period last year, according to the Foreign Investment Agency (FIA). Of the total, US$11.17 billion came from 1,820 new projects, and the remaining US$5.26 billion from investment added to 851 existing projects.

[27-09-2016] According to the General Statistics Office of Viet Nam (GSO), Foreign arrivals to Viet Nam reached 813,007 in September, bringing the total foreign travelers during the first nine months to 7,265,380, up 25.7% against last year’s corresponding period.

[26-09-2016] Young population and increasing middle class have made Vietnam one of the most attractive emerging retail markets. According to a recent report by global real estate service firm JLL Vietnam, investors from Japan, Thailand, France and South Korea have flocked to find opportunities in Vietnam.

[23-09-2016] Vietnam's textile-garment exports still increased in the first first eight months of this year but at a slower pace than in the same period last year. Vietnam shipped abroad US$18.7 billion worth of textile-garment products in the January-August period, up 4.4% year-on-year, according to the Vietnam Cotton and Spinning Association (VCOSA).

[26-09-2016] Ho Chi Minh City’s consumer price index (CPI) in September increased 0.43% from the previous month, and 2.71% from the same month last year, the municipal Statistics Office reported on September 24. A price hike was seen in seven out of 11 major goods and services groups with the highest rise spotted in education at 4.06% due increasing demands for learning equipment for the new school year.

[23-09-2016] Many globally renowned investment funds have shown interest in the Vietnamese property market after announcing investment deals worth tens of millions of dollars in potential real estate firms. Vo Huynh Tuan Kiet from CBRE Vietnam, a real estate service provider, said Vietnam in recent years has been witnessing hefty foreign investment in the property market.

[24-09-2016] PM Nguyen Xuan Phuc asked for drastic and effective actions in order to create a revolution in information technology (IT) application as a new development method for sharpening national competitiveness. The PM made the above statement on Saturday at the Viet Nam Information and Communication Technology (ICT) Summit 2016 themed “Digital revolution – Opportunities and challenges.”