All About Vietnam
Discover Modern Vietnam
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Dat Xanh Group’s Acquired Real Estate Assets Looks to be Next Goldmine
March 25, 2016 DXG released above target numbers on very strong revenues from all three core businesses. GPM however fell on a deterioration in product mix and as the divisional margins in the already lower margin construction and development segments fell further. DXG was very active to acquire projects from failing developers at reasonable cost and so expanded their land bank as a result.
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Investigators Point to Taiwanese Company for Fish Deaths
June 30th 2016 According to the findings of the Vietnamese investigation, the large scale fish deaths along Vietnam’s central coast were caused by toxins from a Taiwanese-owned steel plant. After a lengthy process, the Vietnamese government determined that Formosa Ha Tinh Steel Corp., a subsidiary of Taiwan’s Formosa Plastics Group, was conducting test operations
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Vietnamese parents spend 10 hours a week helping with homework
Academic pressure and mental wellbeing are parents’ top concerns for their children. Vietnamese parents spend on average 10 hours each week helping their children with homework, only second to Indian parents who put in 12 hours, a new global survey revealed. The Global Parent Survey found that half of Vietnamese parents said they devoted more
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Taxation in Vietnam – Value Added TAX (VAT)
May 30, 2016 VAT is an indirect tax, the cost of which ultimately falls on the consumer. The majority of transactions involving the supply of goods, the provision of services and imports will be subject to this tax.
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Miss Vietnam 2016 Finalists
July 29th 2016 Participants in the Miss Vietnam pageant receive the opportunity to be goodwill ambassadors on behalf of their country for the rest of their lives. Past participants say they treasure the special recognition the Vietnamese people show them everywhere they go, even years after the event. The 2016 southern province finalists were chosen
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Hanoi stadium to get $307 million upgrade
Hang Day Stadium in Hanoi’s Dong Da District will be rebuilt under a deal signed by Vietnam’s T&T Group, which manages the stadium, and Bouygues Construction, a French firm. The project will start at the end of 2018. The estimated cost of renovations is $307 million, with T&T as the main investor. The new stadium
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Uber Sells Southeast Asian Operations to Grab
Ride-hailing firm Uber Technologies Inc announced it had agreed to sell its Southeast Asian business to bigger regional rival Grab on March 26th, marking the U.S. company’s second retreat from an Asian market. Uber will officially leave Vietnam on April 8. Uber will take a 27.5 percent stake in Singapore-based Grab and Uber CEO Dara
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Market Recap – PM Signs Decree to Broaden Foreign Ownership
June 2015 PM Signs Decree to Broaden Foreign Ownership The VNI had one of its best performing months, rising 4.1% to close within striking distance of 600 points. Investors were energized by the signing of a new decree to allow for broader FOL. The VNI’s 8.9% gain YTD puts it on top of other ASEAN
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Vietnam to Legalize Bitcoin by 2018
Vietnam is on the cusp of joining a growing list of countries that have explicitly legalized bitcoin and other cryptocurrencies. Prime Minister Nguyen Xuan Phuc has authorized the formulation of a plan that could result in the legalization of digital currencies by next year, reportedly ordered the country’s central bank, ministry of finance and the
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Latest Update: Dangerous Floods in Vietnam – Oct 20th
The flood in central Vietnam is a dangerous and fast moving situation. Please stay tune for the latest update. Below the updates are organizations contributing to the flood relief effort. Please consider helping however you can. More flood pictures at the end of the article. Oct 20th – Food shortage Ha Tinh and Quang
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RCEP: A Temporary Solution After TPP Demise
Much has been written and discussed about the impact of the demise of the Trans Pacific Partnership on foreign direct in Vietnam. With the first quarter statistics on FDI now available we can confidently say that there has been no significant impact on FDI. According to the Ministry of Planning and Investment newly registered FDI
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VSH [M-PF 2.1%] – Huge growth potential on the horizon but low ROE
September 28, 2015 Vinh Son Song Hinh Hydropower (VSH), Electricity generation – We initiate on VSH with a 10.0x PER-derived TP of VND13,700 (TSR 2.1%) and M-PF rating. VSH possesses good hydropower assets totalling 136MW which has delivered highest utilization rate relative to peers, EBITDA margin and dividend yield among domestic peers. It is constructing
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First Solar Power Purchase Contract in Vietnam is Signed
Electric Power Trading Company (EPTC), an arm of Electricity of Việt Nam, and India’s Shapoorji Pallonji Infrastructure Capital Co Ltd signed a power purchase agreement on July 16, 2018 for the solar power project SP Infra 1 Plant in Ninh Thuận Province. This is the first power purchase contract signed for a solar project in
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Blockchain technology quickly improving export business
Blockchain technology could solve the most difficult problems that Vietnam economy is facing. Blockchain apps, according to Kendrick Nguyen, an overseas Vietnamese, could be seen in the kieu hoi (overseas remittance) to Vietnam every year. Overseas remittances have been playing an important role in Vietnam’s economy. However, the problem with cross-border remittance transactions is the
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Investors ready for $4.8 billion Vietnam beer offering
Vietnam is seeking to raise at least $4.8 billion in the country’s biggest stake sale as an offering in a state-run brewer attracts potential bidders including Anheuser-Busch InBev NV and Asahi Group Holdings Ltd. The Vietnamese government currently owns nearly 90 percent of Saigon Beer Alcohol Beverage Corp., and will offer 53.6 percent of the
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Business Registration Guidelines
October 14, 2015 Changing the Business Registration information and requirements for the legal represntative: Enterprises granted with Investment License/ Investment Certificate and if having changes on Business registration information (i.e. information of Legal representative upon having new passport,…) need to carry out the procedure to convert this License into the Enterprise Registration Certificate and update
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CJ E&M Vietnam and HKFilm Establish CJ HK Entertainment
Since 2014, CJ E&M Vietnam and HKFilm have collaborated together over a number of films. The joint venture is a major milestone for both companies. “We are incredibly excited about the future. Combing CJ E&M global standard expertise with HKFilm local smarts, we are confident we can bring high quality films that the local audience deserves,”
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French PM visits Vietnam
French Prime Minister Edouard Philippe enjoyed a three-day official visit to Vietnam at the invitation of his Vietnamese counterpart Nguyen Xuan Phuc. During his stay in Vietnam, PM Edouard Philippe held talks with PM Phuc and paid a courtesy visit to President Nguyen Phu Trong. The leaders discussed measures to bolster their bilateral ties, international and
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Registering Your Business in Vietnam
October 14, 2015 Providing information on the contents of Enterprise Registration: The Business Registration Department (“BRD”) sends the information on Enterprise Registration and changes on the contents of Enterprise Registration to the tax authorities, statistical offices, labor authorities, social insurance authorities. These authorities use the information on Enterprise Registration provided by the BRD and are
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Land of Smiles and Timeless Charm
February 15, 2016 Over the last 10 years Vietnam’s foreign visitor arrivals have increased from 3.583 million to 7.943 million however the increase in 2015 over 2014 was only 0.9%. The biggest inbound markets were China – 1.78 million and South Korea 1.12 million. Interestingly they were also the top 2 inbound markets in 2006
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