ADB links up with VN banks

The Asian Development Bank (ADB)’s Trade Finance Programme (TFP) and two Vietnamese banks -- An Bình Joint-Stock Bank (ABBANK) and Tiên Phong Commercial Joint-Stock Bank (TPBank) -- on Wednesday signed agreements.

Korean firm plans to acquire Gemadept

Korea’s Taekwang Industrial Co., Ltd has submitted a letter with intention to acquire Gemadept Corporation, Việt Nam’s largest logistics firm, as part efforts to establish a logistics network in Southeast Asia.

 

Japanese fund manager owns 20% stake in Bibo Mart

Bibo Mart, the largest retail chain of mom and baby products in Việt Nam, on Tuesday officially announced that Singapore-based Japanese fund manager ACA Investments had invested in the company.

KIDO ups VN Vegetable Oil holdings

Food producer KIDO Group reported yesterday that it had increased its holding in the Việt Nam Vegetable Oils Industry Corporation Joint Stock Company (VOC) from 24 per cent to 51 per cent.

VNA sells HCM City-Australia return tickets at $483

National carrier Vietnam Airlines has launched a promotional offer for flights between HCM City and the two Australian cities of Sydney and Melbourne, offering return tickets at VNĐ10.99 million (US$483).

M-commerce key to business success

Businesses who hope for success need to stay abreast of the latest m-commerce trends in order to retain their competitive edge in the business environment, Nguyễn Ngọc Dũng, vice president of Vietnam E-commerce Association, said at the Vietnam Mobile Day 2017 event.

ASEAN auto demand predicted to grow in 2017

Việt Nam's Auto Purchase Index (API) declined to 14.6 in the first quarter from 15.5 as consumers plan to delay purchases until 2018 when the ASEAN Free Trade Agreement eliminates tariffs on cars imported from the regional countries.

Hòa Bình firm expands to Middle East

Hòa Bình Construction and Real Estate Corporation (HBC) have signed a cooperation agreement with Kuwait-based HOT Engineering & Construction Company, marking another step in the company’s Middle East market integration strategy.

$62b earned as export turnover in four months

Việt Nam’s export turnover reached US$62.09 billion in the first four months of this year, a year-on-year increase of 16.8 per cent, the General Department of Vietnam Customs reported.

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