Central bank instructed to focus on bad debt settlement in 2019

The Government has directed the State Bank of Việt Nam (SBV) to focus on the settlement of non-performing loans (NPLs) in 2019 with the aim of bringing the NPL ratio of credit institutions – excluding those sold to the Việt Nam Asset Management Company (VAMC) – to below 2 per cent from the current 2.16 per cent.

Sao Khuê Awards 2019 kicked off

The Việt Nam Software Association (VINASA) launched the Sao Khuê Awards 2019, the most prestigious honours for the Vietnamese IT and software industry, on Thursday.

Red tape to be cut nationwide in 2019

2019 will be a busy year for ministries looking to cut business prerequisites, and firms should contribute to making the process more efficient, said Nguyễn Đình Cung, Director of the Central Institute for Economic Management.

PM orders review of Sabeco's $134.2m tax bill

Prime Minister Nguyen Xuan Phuc has said the Tax Department of HCM City has not yet enforced its tax decision on collecting VNĐ3.14 trillion (US$134.2 million) from Sài Gòn Beer-Alcohol-Beverage Corporation (Sabeco) for violations on special sales tax.

VN-Index hit hard, creates new low

Shares declined further on Thursday with VN-Index breaking last year’s bottom of 880.85 points as a series of blue-chip stocks were hit hard, partly due to the affect of falling global market.

VN to keep outperforming region: Fitch Solutions

Việt Nam’s economy expanded by 7.1 per cent in 2018, but its increasing openness and reliance on foreign investment suggest it is unlikely to be spared from the global growth slowdown arising from rising trade protectionism and tighter financial conditions.

Grab’s acquisition of Uber scrutinised

The Ministry of Industry and Trade has set up a council to scrutinise alleged violations of competition regulations in ride-hailing services firm Grab’s acquisition of Uber’s business in Việt Nam.

Ministry to inspect real estate firms

The Ministry of Construction (MoC) will carry out routine compliance inspections on investment and business practices at many big real estate firms in 2019, including MBLand, Mipec, Lạc Hồng, Thường Tín and Eurowindow Nha Trang.

Annual Tết tree frenzy gets started

The Lunar New Year holiday offers great opportunities for artists in the Mekong Delta to earn high income from customers who request unique shapes for their ornamental trees, from an image of a Buddha to a favourite pet.

Viglacera gets approval to list shares

The Ho Chi Minh Stock Exchange (HoSE) has approved the listing of State-owned glass and construction ceramics producer Viglacera on the southern bourse.

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