Economy

Foreign investors eye bank shares

Friday, 08 June 2018 11:05

Foreign investors eye bank shares The funds managed by Alp Asia Finance have become a shareholder of Asia Commercial Bank (ACB) since May 7, holding a 10 percent stake of the bank. Whistler Investments Limited and Sather Gate Investments Limited both have 102.2 million ACB shares, each of which holds 51.1 million.  
 

Local banks warn of online fraud

Thursday, 07 June 2018 12:09

Local banks warn of online fraud Many local banks have repeatedly warned their customers about sophisticated hi-tech scams that could leave victims with little or no protection from their banks, Tien Phong newspaper reports.
 
 

Former BIDV chairman implicated in notorious banking fraud

Wednesday, 06 June 2018 12:44

Former BIDV chairman implicated in notorious banking fraud The violations of BIDV and its former chairman Tran Bac Ha related to the notorious VNCB case are very serious.
 
 

Vietnam urged to focus on local branding

Monday, 04 June 2018 13:53

Vietnam urged to focus on local branding Vietnam needs to focus on increasing businesses’ awareness of registering for and protecting geographical indication (GI) for their products and the advantages GI brings, according to experts.
 
 

VN cement industry on the clinker road to recovery

Thursday, 31 May 2018 13:43

VN cement industry on the clinker road to recovery Vietnam’s cement market is seeing the light of recovery at the end of the tunnel, thanks to the strong clinker exports.  
 
 

Banned goods found in containers at major ports

Wednesday, 30 May 2018 12:26

Banned goods found in containers at major ports Evidence of smuggling has been uncovered at two major ports in Ho Chi Minh City, with prohibited goods found in several containers left unclaimed during the past month.  
 
 

Govt vacillates on incentives in special economic zones

Tuesday, 29 May 2018 13:13

Govt vacillates on incentives in special economic zones The Government plans to develop three special economic zones, which it hopes will spearhead the country’s growth. They will be located in the coastal district of Van Don in the northern province of Quang Ninh, Bac Van Phong in the central province of Khanh Hoa and Phu Quoc Island.
 
 

Laguna Lang Co issued a casino license

Monday, 28 May 2018 13:11

Laguna Lang Co issued a casino license Laguna Lang Co, one of Asia’s largest integrated resorts with international hospitality operator Banyan Tree as its managing partner, was recently issued a casino license by the Vietnamese Government. 
 
 

Ministry, steel firms work to seek exemption from US duties

Saturday, 26 May 2018 11:58

Ministry, steel firms work to seek exemption from US duties The Ministry of Industry and Trade (MoIT) is working with steel businesses to handle procedures required by the US Department of Commerce (DoC) to seek exemption from duties by proving their products are not made from Chinese materials.
 
 

Government targets 6.8 percent in GDP growth in 2019

Friday, 25 May 2018 16:39

Government targets 6.8 percent in GDP growth in 2019 The Government will strive for gross domestic product (GDP) growth of 6.8 percent in 2019, according to a direction freshly inked by Prime Minister Nguyen Xuan Phuc.
 
 

Vietnam’s foreign reserves hit $64 billion

Thursday, 24 May 2018 13:59

Vietnam’s foreign reserves hit $64 billion Vietnam’s foreign reserves has increased by 130 percent to nearly 64 billion USD in the past two-and-a-half years, Prime Minister Nguyen Xuan Phuc has said.
 
 

Vietnam’s steel industry faces trade defence measures

Wednesday, 23 May 2018 12:59

Vietnam’s steel industry faces trade defence measures As Vietnam seeks to increase its steel exports amid global overcapacity, the steelmaking industry is expected to face tremendous pressure from trade defence measures deployed by the importing countries.
 
 

Gov’t asked to help automakers overcome difficulties

Tuesday, 22 May 2018 12:41

Gov’t asked to help automakers overcome difficulties   Auto businesses are concerned about Viet Nam’s future policy orientation with regard to the auto industry, which they think will affect their business strategy.
 
 

VN Central Bank to probe credit institutions’ operation

Monday, 21 May 2018 11:48

VN Central Bank to probe credit institutions’ operation The State Bank of Viet Nam (SBV) asked credit institutions to review their implementation of the SBV’s regulations on consumer loan management in a document issued this week.
 
 

Ministries urged to remove 49 percent foreign cap

Saturday, 19 May 2018 13:28

Ministries urged to remove 49 percent foreign cap The Prime Minister’s working group has asked the ministries of Finance and Planning and Investment to swiftly lift the foreign ownership limit of 49 percent at enterprises where foreign investment is not restricted.
 
 

FDI highlighted as key driving force of the economy

Friday, 18 May 2018 13:04

FDI highlighted as key driving force of the economy The Vietnamese government have re-affirmed the great contributions that foreign direct investment (FDI) has made to the Vietnamese economy in the past three decades, stressing that this type of capital will continue being vital to the country.
 
 

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