Industry

The main reason for the industry slump is Decree 100, which took effect on January 1 this year, imposing stiff penalties for drunk driving. Those riding bicycles and electric bikes will also be fined for driving under the influence. Motorcyclists and car drivers can be fined VND6-8 million and VND30-40 million ($1,300-1,725), double the old levels and have their licenses suspended for 22-24 months. … [Read more...] about Lower growth trend brews for Vietnam beer industry

Accordingly, the products under investigation are cold-rolled stainless steel in rolls, sheets, or other shapes. Specifically, the notice from MITI stated that this agency will send a questionnaire to relevant parties, including Vietnamese manufacturers and exporters. According to experts, the rapid increase in Vietnam's steel export turnover has caused many countries to pay attention and conduct safeguard investigations. Previously, Vietnam's steel industry had faced many trade remedies lawsuits initiated by many markets. These lawsuits came mostly from the main steel export markets of Vietnam, such as the US, the EU, some countries in the ASEAN, and even the Eurasian Economic Union. Only in the last two months, Thailand’s Committee on Dumping and Subsidies decided to impose anti-dumping duties ranging from 6.97 percent to 51.61 percent (CIF price) on iron or steel pipe products originating or imported from Vietnam, consisting of 169 HS codes, to prevent the threat of … [Read more...] about Vietnam’s steel industry continuously faces safeguard investigations

Quang Ninh (VNA) - Investment in industrial parks (IPs) and economic zones (EZs) has become a new driver of growth in the northeastern province of Quang Ninh, with local authorities issuing various policies to attract investors. According to experts, Quang Ninh is considered a strategic investment destination in Vietnam’s northern region and an important link in the Hanoi - Hai Phong - Quang Ninh northern economic growth triangle. The province possesses major advantages, with Van Don district to become a multi-sectoral marine economic zone and an entertainment centre, with a casino, high-end sea-island tourism, and general services. The province has planned to develop eleven IPs and four EZs that together span over 368,000 ha, accounting for more than 30 percent of Quang Ninh’s total natural area. Six of the 11 IPs have already been issued investment registration certificates and have infrastructure invested in and leased. Investors have so far poured about 27.35 … [Read more...] about Industrial parks, economic zones create new growth momentum in Quang Ninh

Prestigious and Professionals are the two words frequently being used when it comes to Cat Tuong Real Estate Group. In the south, the successful path of Cat Tuong Group is marked with a series of completed large-scale projects such as Cat Tuong Western Pearl Urban Area (Vi Thanh City - Hau Giang), Cat Tuong Phu Hung (Dong Xoai - Binh Phuoc), Cat Tuong Phu Sinh (Long An) ...  To become the leading corporation in the real estate industry, Cat Tuong Group is gradually expanding the scale of the operating area and the investment field from commercial real estate to resort real estate, industrial real estate, ... … [Read more...] about Nam Dinh-based Rang Dong Textile Industrial Park sign land lease contracts with foreign firms

After more than 15 years, a fresh startup of 'game-lovers' has now become a company with total assets worth more than VND7,300 billion, according to VNG's financial report for the first six months of 2020. This proves that online games is an industry that spawns golden eggs and can generate billion USD unicorns if they are invested and developed in the right direction. … [Read more...] about Online game industry: VN still imports games after more than 15 years