Việt Nam News

Peer to peer, or P2P, lending has been developing rapidly around the world in recent years with the establishment of many online lending companies, experts have said.

After keeping deposit interest rates unchanged for many months, three State-owned banks with the largest share of deposits have begun to follow in the footsteps of their private competitors and hiked rates recently.

Tân Long Group yesterday signed strategic partnership agreement with six leading Danish companies, which are well-known for turn- key solutions in agriculture.

Viet Nam’s benchmark VN-Index extended losses on Thursday morning as weak market sentiment continued to weigh down the market movement.

Việt Nam’s footwear exports have been worth US$9.45 billion in the first half of this year, a year-on-year increase of 8.4 per cent.

Việt Nam’s mechanical engineering industry is lagging far behind the world that requires both the Government and business to renovate to keep track of the fast-moving technological revolution.

The banking sector needs more solutions providing bigger fund for the agriculture and the rural area for sustainable development in the future, according to experts.

Việt Nam has the potential to boost its exports of star anise and cinnamon, but needs supportive policies from the Government, the Lạng Sơn Star Anise Association has said.

Innovative start-ups will enjoy financial support from the National Technology Innovation Foundation (NATIF) fund, according to a directive issued by Prime Minister Nguyễn Xuân Phúc.

Việt Nam’s benchmark VN Index fell for a third straight session on Wednesday, following other Asian markets, as investor confidence hit the floor with worries over the trade tension between China and the US.

State-owned shipping firm Việt Nam National Shipping Lines, raised a meagre VNĐ54.3 billion (US$2.33 million) from an initial public offering (IPO) held at the Hà Nội Stock Exchange on Wednesday.

Việt Nam and Russia has continued to see a boom in bilateral trade but more efforts should be made to keep it up with the potential.

Sacombank has granted 3,051 scholarships worth a total of VNĐ3.9 billion (US$167,589) to high school and university students at the beginning of the 2018-19 academic year.

As many as 350 businesses will take part in Vietstock 2018, the biggest livestock trade show in Viet Nam, in HCM City.

Total bilateral trade of HCM City for the first eight months of the year was US$55.34 billion, according to the city’s Department of Industry and Trade.

Media company Yeah1 Group (YEG) said it has receive approval from the State Securities Commission to raise its foreign ownership limit to 100 per cent.

The Hanoi Stock Exchange organised 38 auctions in August, mobilising a total of over VNĐ17.3 trillion (US$744.3 billion) worth of  Government bonds, up 9.9 per cent from the previous month.

A company has proposed a plan to develop tourism at the famous Ngã Bảy floating market in Nga Bảy Town in Hậu Giang Province, at a cost of more than VNĐ700 billion (nearly US$30 million).