Cyber threats slow down rise of cashless payments

Vietnamese lenders and fintech groups are catching up with international peers on kick-starting the economy and promoting cashless transactions in the face of the coronavirus outbreak, but greater advancement always comes with new risks.   Cyber threats slow down rise of cashless payments Fears of the coronavirus (COVID-19) epidemic are driving the demand for online..

Funding attraction events look to get back on track

Due to the impact of the novel coronavirus epidemic, investment  promotion activities of localities and enterprises have been delayed, possibly impacting Vietnam’s efforts to attract foreign funding.   Promotional events overseas have had to be curtailed, affecting the country’s efforts to attract foreign direct investment As of now, the novel coronavirus, or..

Netherlands ready to capitalise on new ties of trade

The EU-Vietnam Free Trade Agreement and the Investment Protection Agreement are expected to create big opportunities for Vietnamese and EU businesses. Iwan Rutjens, Economic and Commercial Counselor at the Embassy of the Netherlands in Hanoi, writes about the significance of the deals and how they can help boost Netherlands-Vietnam trade ties.   Iwan Rutjens, Economic and..

Material autonomy key for Việt Nam to fully exploiting EVFTA

A Sông Hồng Garment factory at the Yên Lập Industrial Zone in the northern province of Phú Thọ. The ratification of EVFTA has boosted textile stock prices. — Photo HÀ NỘI — Textile stocks have been on an temporary upswing thanks to the recent ratification of the EU-Việt Nam Free Trade Agreement (EVFTA) but textile enterprises still face difficulties due..

EVFTA helps advance domestic agriculture

Despite also including barriers and regulations, the EU-Vietnam Free Trade Agreement will benefit Vietnamese agriculture, with businesses supporting farmers to cash in on new opportunities from the deal.   Bayer’s innovative technologies guarantee sustainable agriculture, Photo: Le Toan After being adopted by the EU Parliament last Wednesday, the EU-Vietnam Free Trade..

Plastic packagers looking to Vietnam

The unfavourable prospects of the Thai packaging industry, dimmed by the ban on single-use plastic bags in the country, may force packaging manufacturers to shift business to nearby markets like Vietnam. Kim Anh reports.   Unlike supermarkets in Thailand, Vietnamese ones still heavily rely on plastic packagingPhoto: Le Toan In line with the Thai campaign “Every Day Say..

European Parliament approves historic FTA with Vietnam

The European Parliament has just approved the European Union's free trade agreement with Vietnam, consisting of the EU-Vietnam Free Trade Agreement (EVFTA) and the accompanying Investment Protection Agreement (EVIPA), the bloc's most comprehensive trade pact with a developing country and a further European push into Asian markets.   The European Parliament has approved the..

Vietnamese firms to join Gulfood Expo in Dubai

The Vietnam pavilion at Gulfood Expo 2019 attracted a large number of visitors. Photo HÀ NỘI — Up to 20 Vietnamese firms will participate in the Gulfood Exhibition 2020 – the world’s largest annual food and beverage trade show, slated to be held at the World Trade Centre in Dubai from February 16-20. The Vietnamese pavilion at the expo will showcase foodstuff,..

Capital city lures more than $140m in foreign investment

A part of Hà Nội. The influx of foreign investment into the capital city hit more than $140 million in the first month of this year. — Photo  HÀ NỘI — Hà Nội licensed 68 new foreign-invested projects worth US$30.2 million in January, the capital's Department of Planning and Investment has announced.  In the first month of this year, the..

Apple plan to move Airpod production to Vietnam stumbles on coronavirus

Apple is hesitant over moving the production of 45 million AirPods to Vietnam due to the risks and barriers raised by the coronavirus, even as its main producers are struggling with labour and material shortages.   Apple is rethinking the move of Airpods production to Vietnam due to coronavirus hold-ups Apple's plan to drastically ramp up the productionof AirPods is..

Investors still keen on SOEs despite land issues

  Hanoitourist's head office in Hà Nội. The company is among 93 State-owned enterprises that are preparing for privatisation in 2020. — Photo HÀ NỘI — Institutional investors are seeking opportunities to buy shares in large-cap State-owned enterprises when they launch IPOs in 2020. Companies that are expecting to equitise this year include..