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Amid the Covid-19 pandemic, the global investment flow is likely to contract by 40% in 2020, but in Vietnam, newly registered capital has risen 6.6% and the number of new FDI projects inched up over 22% during the pandemic, Do Nhat Hoang, head of the ministry’s Foreign Investment Agency (FIA), said while addressing a dialogue on FDI attraction held today, September 4. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8

Currently in the local pharmaceuticals market, the main distribution channel is the hospital system where ethical drugs (ETCs) are traded, which account for 70 per cent of the total sales volume, while the rest of the market is covered by over-the-counter (OTC) drugs. As ETC drugs are often more expensive than OTC ones, many companies are willing to break the rules to win tenders. … [Read more...] about Pharma violators in tender fiasco

For a while, ODA has played the role of channelling foreign currency mobilisation. However, according to the MPI’s assessment, ODA and concessional loans should only account for 30-50 per cent of a project’s investment and act as a primer or catalyst in addition to other capital sources. As such, Vietnam should prioritise their use in projects that directly promote sustainable growth and are capable of generating foreign currency income in the medium and long term. … [Read more...] about Balancing act required for efficiency of ODA in Vietnam

According to a report from the investors, Nhat established companies to mobilise money from foreign investors to develop a real estate project. He then drew up a complete investment plan to lure them in, and affirmed that he would only use capital to develop a project in Lang Co. However, in reality, that venture was never intended and the names of investors were not mentioned in the business registration licence of the company that they committed to becoming shareholders in. … [Read more...] about Money-hungry F&B startups flounder

What we do know is that, in the first half of 2020 the economy grew at 1.81 per cent, much lower than the same period of 2019, but did record the fifth-highest growth worldwide and the highest in the ASEAN and Asia-Pacific. Prior to the new outbreak, GDP growth was expected to be in a range of 2.8 per cent to 4 per cent for 2020, making us one of the stand-out economies. … [Read more...] about Winners set apart by sturdy survival plans