Rising capital demand in the last few months of the year has put pressure on the liquidity of the banking system.

Total value of stock market capitalisation in the first 10 months was equal to 61 per cent of Việt Nam’s gross domestic product, the National Financial Supervisory Commission (NFSC) reported.

Ride-sharing services, which allow two or more passengers to share a single trip, could significantly help alleviate congestion and contribute to unlocking a city’s potential.

Telecom group Viettel has topped the list of the biggest tax payers in Việt Nam in 2016.

Overseas Private Investment Corporation (OPIC) has inked a memorandum of understanding (MoU) with Japan Bank for International Cooperation (JBIC) and Nippon Export and Investment Insurance (NEXI).

The General Department of Customs has asked the management of origin and labels of imported products to be enhanced.

HCM City plans to put projects under the Build-Transfer (BT) investment model under more scrutiny by auctioning land instead of offering it in exchange for infrastructure.  

At the APEC Summit, the central city of Đà Nẵng has called for investment in nine projects in tourism and entertainment worth an estimated US$500 million. It says it wants the development done as Public-Private Partnerships (PPP) and Build-Own-Operate (BOO) models.

Profits of many commercial banks this year will hit the highest levels since 2012 thanks to rising capital demand, experts have forecast.