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Foreign investment into Vietnam up sharply One of the bright spots in the economy during the first quarter of this year was the positive results in FDI attraction and disbursement. Figures show that, in the first 3 months of the year, total foreign investment reached over 10 billion USD, up 18.5% over the same period of last year. After 5 years of operations, with steadily increasing output, the company built more factories earlier this year to meet the needs of production expansion. The average size of both newly-licensed projects and those adding capital increased strongly year-on-year, which was the main reason behind the strong increase in FDI. Another positive in the first quarter was that disbursed capital rose 6.5% year-on-year. It is forecast that FDI attraction will continue to be positive in the context of many investors shifting the location of their investment and major investors in the country expanding existing projects./. Property giants rush to develop … [Read more...] about VIETNAM BUSINESS NEWS APRIL 20

With total revenue of more than VND59.7 trillion (nearly US$2.6 billion) in 2020, Vinamilk was the only dairy producer in Southeast Asia to enter the Top 50. — VNA Photo The Vietnam Dairy Products Joint Stock Company (Vinamilk) has moved up six places from 42nd to 36th in the Top 50 by Total Sales in Dairy Product Processors (Global), according to the rankings announced by UK-based Plimsoll Publishing Ltd. With total revenue of more than VND59.7 trillion (nearly US$2.6 billion) in 2020, Vinamilk was the only dairy producer in Southeast Asia to enter the Top 50. Top 10 were businesses from the US, New Zealand, Europe and China. The Vietnamese dairy firm entered the Top 50 for the first time in 2017. In 2020, thanks to its rational strategies to respond to the COVID-19 pandemic, Vinamilk posted robust business results, with earnings surging 5.9 per cent from 2019, and 17 per cent from 2017. In the past time, an array of new products have been introduced to Vietnamese … [Read more...] about Vinamilk up six spots among world’s top 50 dairy producers

A product of the Vietnam Dairy Products Joint Stock Company (Photo: VNA) Hanoi (VNA) – The Vietnam Dairy Products Joint Stock Company (Vinamilk) has moved up six places from 42nd to 36th in the Top 50 by Total Sales in Dairy Product Processors (Global), according to the rankings announced by UK-based Plimsoll Publishing Ltd. With total revenue of more than 59.7 trillion VND (nearly 2.6 billion USD) in 2020, Vinamilk was the only dairy producer in Southeast Asia to enter the Top 50. Top 10 named businesses from the US, New Zealand, Europe and China. The Vietnamese dairy firm entered the Top 50 for the first time in 2017. In 2020, thanks to its rational strategies to respond to the COVID-19 pandemic, Vinamilk posted robust business results, with earnings surging 5.9 percent from 2019, and 17 percent from 2017. In the past time, an array of new products have been introduced to Vietnamese consumers, including high-grade Vinamilk Green Farm fresh milk – a product made of … [Read more...] about Vinamilk leaps six spots in world’s top 50 dairy producers

Listing of candidates for upcoming elections being sped up Preparations for the elections, scheduled for May 23, are being sped up. (Photo: VNA) As of April 18, a third consultative conference had been held at local and central levels to select eligible candidates for the elections of deputies to the 15th National Assembly and member of People’s Councils for 2021-2026. The meeting held by the Presidium of the Vietnam Fatherland Front Central Committee adopted a list of 205 candidates for the upcoming election of deputies to the 15th legislature. Making and announcing such lists are among the tasks for local agencies and organisations, as assigned by the National Election Council (NEC). The lists must be sent to the National Election Committee and all-level election committees by April 23 (30 days ahead of the elections), so that the NEC and the all-level election committees will officially announce the candidates at constituencies. The listing of candidates … [Read more...] about VIETNAM NEWS HEADLINES APRIL 20

The foremost requirement for a ‘sleepless city’ is to be a shopping paradise where tourists find it easy to gain access to products of reputable brands with transparent price listings so that they feel happy to spend money. The Vietnam National Administration of Tourism (VNAT) affirmed that the night-time economy is not only the right direction for the tourist industry, but also a driving force for future economic growth. Changing tourist expenditure structure According to a study by the VNAT, accommodations account for 32.96 percent of overnight tourists’ total holiday expenditure, the highest percentage among all other categories. Food and drinks make up 23.78 percent whereas shopping and transportation occupy the same share -- more than 15 percent. Meanwhile, day visitors set aside 55.85 percent of their budget for shopping, 22.84 percent for food, and 10.35 percent for traveling. The combined spending on cultural, sports, entertainment, sightseeing, medical, and … [Read more...] about Tourists to spend more in Vietnam’s first-ever ‘sleepless city’