Vietnam is not only a pioneer in experimenting with 5G, but also aims to be a manufacturer of 5G telecom devices that could be launched on the market as early as this year.

More large corporations have released 2019 finance reports. The 2019 business season witnessed a boom of enterprises with the profit of over VND10 trillion.

The Vietnamese aviation market has been recording double-digit growth in the last four years, but the growth rate is slowing.

VinFast Trading and Production LLC, a subsidiary of Vietnamese conglomerate Vingroup, has reported it had received over 17,000 orders for VinFast cars, and 50,000 others for electric motorcycles in 2019.

Last year was an impressive one for Vietnam’s mergers and acquisitions (M&A) market, and M&A in Vietnam is projected to remain on a steady growth path in the coming years.

Conglomerate Vingroup officially opened its VinUni University (VinUni) as the first Vietnamese private and not-for-profit university at the Vinhomes Ocean Park urban area in Gia Lam District, Hanoi on Wednesday. 

Masan Group intends to close up to 10 VinMart supermarkets and 150-300 VinMart+ convenience stores that have performed poorly and will open 20-30 new VinMart supermarkets and 300-500 VinMart+ stores this year.

Vingroup announced today, January 14, to call off its project to set up Vinpearl Air even though the Ministry of Planning and Investment had just sent this project to the prime minister for approval, the local media reported.

The real estate market of Hanoi saw high demand for Grade A apartments for rent and sale in the third quarter, according to Savill Vietnam’s quarterly report on Hanoi's property market.

The size of Vietnamese e-commerce market is likely to hit 13 billion USD this year thanks to a large percentage of young residents and internet subscribers, according to insiders.

Vietnam was still attractive to investors in 2019 despite global caution about US President Donald Trump’s policies.

Masan has announced that after the share swap deal with Vingroup, it now owned 83.74% of Vingroup’s subsidiary VCM Services and Trading Development Joint Stock Company (VCM) which operated Vinmart and Vinmart+ stores.

On December 18, Vingroup announced its withdrawal from the retail sector. Adayroi, the e-commerce website, will merge with inID, while VinPro, the home alliance distribution brand, will be dissolved.

The pedestrian space around Hoan Kiem Lake and surrounding areas in downtown Hanoi will be put into operation from January 1, 2020, after three years of trial operation.

In less than a month, Masan Consumer, a consumer business of major conglomerate Masan Group, has initiated two deals to take its businesses beyond the food and beverage sector.

2019 was a tough year fot the real estate market when many projects remained stagnant. However, the situation may be even more serious in 2020.

Besides rapid urbanization, the rising income of consumers is one of the reasons for the booming of the Vietnamese retail market.

As part of the government’s plan to create incentive for domestically manufactured 5G products, three major Vietnamese enterprises have officially announced their 5G research and production roadmap.

As part of the government’s plan to create incentive for domestically manufactured 5G products, three major Vietnamese enterprises officially announced their 5G research and production roadmap in a recent seminar.

Both SK Group and South Korea’s National Pension Service (NPS) would contribute US$430 million to the fund.