Transport firms unwilling to cut fares amid falling fuel prices
Although fuel prices have dropped by around 20 per cent since June, many transport firms are still sitting tight, unwilling to cut fares amid falling costs.
Business Beat
Ministry seeks to further open petroleum retail market
The Ministry of Industry and Trade has called for allowing all foreign investors to further participate in the petroleum retail market.
Business Beat
Increase in M &A deals looks imminent in property sector
Many analysts think now is a good time for investors looking for acquisitions in the property industry to act since difficulties caused by the Covide-19 pandemic have thrown up opportunities.
Business Beat
Banks set sights on bigger targets with stock listing in HCM City
LienVietPostBank has said it will complete the transfer of its LPB shares from the unlisted Public Company Market (UPCoM) to the Ho Chi Minh Stock Exchange (HoSE) in the fourth quarter of this year.
Business Beat
EVFTA expected to give a lift to real estate sector
Many segments of the real estate market are soon expected to benefit from the EU-Việt Nam Free Trade Agreement, which takes effect in August.
Business Beat
Bank lending expected to get out off coronavirus doldrums soon
Experts have forecast bank credit growth in the second quarter to reach 3.5-4 per cent, much higher than the rate in the first quarter.
Business Beat
Restructuring, bad debts prevent banks from paying dividends
At Sacombank’s annual general meeting held on June 5 its permanent vice chairman Phạm Văn Phong said that in 2019 the bank’s pre-tax profit increased by 43.2 per cent to VNĐ3.2 trillion (US$137.5 million), which was 21.4 per cent above the target.
Business Beat
Digitised Healthcare and Collaboration – The New Imperative
In a time of high demand and immense uncertainty, technology in healthcare is proving to be the new imperative, especially for countries like Viet Nam which is well poised for a boost in economy and is consistently working towards making their healthcare systems more ready for the future.
Business Beat
Consumer lending expected to recover well after pandemic ends
Will consumer loans remain a money-spinner for banks post-COVID-19? This was a question recently posed by market observers after witnessing the pandemic’s big economic impact on individuals and households, dragging down demand for personal loans.
Business Beat
VN ready to be world’s factory, but is the world?
Việt Nam attracted US$12.33 billion worth of foreign direct investment in the first four months of 2020, a year-on-year decrease of 15.5 per cent due to the impact of the COVID-19 pandemic, according to the Foreign Investment Agency.
Business Beat
Businesses seek tax reduction to foster recovery after pandemic
The COVID-19 pandemic is a huge challenge for businesses irrespective of sector and size in all regions and countries, including Việt Nam.
Business Beat
Banking sector reviews effects of Covid-19 pandemic, prepare for difficult year
The governor of the State Bank of Việt Nam, Lê Minh Hưng, has called on banks to simplify lending procedures to enable COVID-19-affected firms to easily get loans at preferential interest rates.
Business Beat
Việt Nam likely to benefit from low oil prices if economy restarts quickly
Last Monday (April 20) US oil prices plunged into negative territory for the first time ever, meaning producers were willing to pay buyers to take crude off their hands.
Business Beat
VN healthcare market, a big draw for investors, foreign and local
Last year, VinaCapital’s flagship fund, Vietnam Opportunity Fund (VOF), invested US$25 million in a private hospital operator, Tâm Trí Medical Joint Stock Company.
Business Beat
Central bank delays foreign ownership cap in payment services industry
The State Bank of Việt Nam has said it will not cap foreign ownership of companies in the payment services industry in its draft decree to replace Decree No.101.
Business Beat
Companies’ annual general meeting season expected to be delayed
Companies’ annual general meetings are likely to be delayed this year with many saying they have not yet set a date, banks have taken advantage of the situation to expand their online services to mitigate its effect on their business.
Business Beat
Banks’ diversified income sources protect profits amid epidemic
On February 7, the banking sector’s outstanding loans fell by 0.38 per cent for the year, while overdue debts and non-performing loans showed signs of rising.
Business Beat
2 State-owned banks allowed to increase charter capital
The Government has decided to allow Vietcombank and Vietinbank to increase their charter capital by VNĐ10 trillion (US$434.8 million) in the first quarter of this year, but it has not said how they could do so.
Business Beat
Property developers race towards digital technology
Amid the fourth industrial revolution many property developers in Việt Nam are seeking to adopt digital technology both for enterprise management and in their projects.
E-paper
Việt Nam's economic growth forecast at 7.5 per cent in 2022: World Bank
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FBI hands over illegally-acquired cultural artefacts to Việt Nam
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Two entertainers allegedly involved in Spanish rape case return to Việt Nam
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THACO determined to turn Emart into leading supermarket chain in Việt Nam
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Petrolimex applies solutions to cope with fluctuations in petrol prices
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