News

China was the largest source of greenfield Investment in Vietnam in Q1/2019 with US$732.2 million, accounting for 18.9% of the total.

Vietnam’s Category 1 ranking in aviation safety issued by the US Department of Transportation’s Federal Aviation Administration (FAA), and a bunch of aviation trade deals signed during US President Donald Trump’s visit to Hanoi late in February, opened more opportunities for companies from the two nations to work together in the field.

Malaysian Ambassador to Vietnam Khalid M. Zamruni believed that Vietnam has a bright prospect in developing its automotive industry because the country has a large market with 94 million people.

The Vietnam Chamber of Commerce and Industry (VCCI) has written to the Ministry of Transport, proposing lifting the regulation on the installation of roof light boxes for e-charter automobiles with fewer than nine seats, as stipulated in a draft Government decree on the transport business and its conditions, Motthegioi news site reported.

The Ministry of Transport has approved a project to rehabilitate and upgrade weak bridges and pillars on the Hanoi-HCMC rail route, at a cost of VND1.95 trillion.

Though Vietnam has signed multiple free trade agreements (FTAs) in the 2014-2019 period, the possibility of lagging behind other countries is still high if the country does not promptly address shortcomings in the international integration process, said Prime Minister Nguyen Xuan Phuc.

The sudden drop in groundwater levels will not affect the construction of a tunnel for the city’s first metro line, Thanh Nien newspaper reported, citing the HCMC Department of Construction.

With state-of-the-art products as well as its strong engagement in corporate social responsibility, Zuellig Pharma has affirmed its brand in the Vietnamese market as one of the largest multinational healthcare services groups.

Retail giant AEON has committed to raising Vietnam’s export turnover through its system to US$500 million by 2020 and US$1 billion by 2025, according to a memorandum of understanding signed between the Japanese firm and the Ministry of Industry and Trade.