Vietnam Investment Review - VIR

Corporate

Vinamilk acquires remaining 30% stake of US Driftwood Dairy
09:59 27/08/2016 Vinamilk acquires remaining 30% stake of US Driftwood Dairy

The recent acquisition of the remaining 30% stake in Driftwood Dairy Inc., one of California’s largest processors of milk and dairy products based out of the City of El Monte, by Vinamilk is a textbook example of how to enter a foreign market.

Investing

100 projects to showcase at HCM City Startup Day
10:03 27/08/2016 100 projects to showcase at HCM City Startup Day

More than 100 startup projects across Vietnam are introduced at an annual startup event that kicks off in Ho Chi Minh City on August 27.

Tech

Apple issues update after security flaws laid bare
11:05 27/08/2016 Apple issues update after security flaws laid bare

SAN FRANCISCO: Owners of Apple mobile gadgets on Friday (Aug 26) were being urged to install a quickly released security update to fix flaws exposed by a sophisticated attack on an Emirati dissident.

Property

South Phu Quoc island transformed into holiday-goers’ paradise
20:12 26/08/2016 South Phu Quoc island transformed into holiday-goers’ paradise

In the past few years the south of Phu Quoc island has become an investment hot spot, attracting real estate projects to Bai Khem and Mui Ong Doi beaches, the trans-sea cable system, and Hon Thom sea entertainment complex, with the total investment of VND20 trillion ($940 million).

Money

Treasury to mobilise more capital from Government bonds
09:51 27/08/2016 Treasury to mobilise more capital from Government bonds

The state treasury of Việt Nam offloaded more than 92 per cent of the bonds planned for the year as of August 24, according to the Hà Nội Stock Exchange.

Province

Three central provinces launch common tourism brand
17:25 26/08/2016 Three central provinces launch common tourism brand

Three central localities of Thua Thien-Hue, Da Nang, and Quang Nam have jointly announced “The Essence of Viet Nam” – a new brand for central coastal tourism.

Travel

HCM City promotes railway tourism over national holiday
10:17 27/08/2016 HCM City promotes railway tourism over national holiday

For the first time the tourism sector in Ho Chi Minh City has cooperated with the railway sector to open railway tours over the National Day holiday on September 2 and in the final quarter of the year.

Leisure

VN–US Friendship Concert in HCM City
09:55 27/08/2016 VN–US Friendship Concert in HCM City

Vietnamese violinist Bùi Công Duy and American trio FUGU will perform the Việt Nam–US Friendship Concert in HCM City on Monday (Aug 29).

Society

Đà Nẵng lauded for administrative reforms
09:37 27/08/2016 Đà Nẵng lauded for administrative reforms

Most departments, agencies and grassroots organisations in the central city of Đà Nẵng have applied the ‘one-stop shop’ software system to manage procedures, with 97 per cent of daily in and out documents using the software.

Sports

Stuttgart sign Japan's Asano on loan from Arsenal
10:46 27/08/2016 Stuttgart sign Japan's Asano on loan from Arsenal

BERLIN: German side Stuttgart confirmed on Friday (Aug 26) that they had signed Arsenal's Japanese forward Takuma Asano on a year-long loan.

World News

Doctor who praised Trump's health says he wrote note in a rush
10:51 27/08/2016 Doctor who praised Trump's health says he wrote note in a rush

WASHINGTON DC: Donald Trump's personal doctor, who gave the Republican presidential candidate a glowing health report, told NBC News Friday that he penned that note in five minutes as Trump's car waited.

Your Consultant

Rules for insurance businesses in Viet Nam
10:06 25/08/2016 Rules for insurance businesses in Viet Nam

The Government has issued Decree No 73/2016/ND-CP on July 1, 2016 detailing the implementation of the Law on Insurance Business. The Decree regulates the establishment and operation of life insurance, non-life insurance, health insurance, reinsurance enterprises and foreign insurer branches.