Việt Nam News

Việt Nam’s financial marketplace and peer-to-peer (P2P) lending platform Tima has raised US$3 million in Series B funding from Belt Road Capital Management (BRCM), a Greater Mekong-focused private equity fund, Tima announced on Monday.

Việt Nam’s first automobile brand will be officially launched at the 120th Paris Motor Show at 15:25 (Vietnamese time) today.

EVN Finance Joint Stock Company (EVN Finance) on Monday announced its entry into the consumer finance industry with the launch of a subsidiary called Easy Credit.

Việt Nam is a promising tourism market that ranks among its 10 biggest anywhere and four biggest in Southeast Asia, the Singapore Tourism Board has said.

Sen Đỏ Technology JSC, the owner of e-commerce platform sendo.vn, and GrabExpress, a delivery service available on Grab app, on October 1 announced a tie-up for a three-hour express delivery service in HCM City.

 Although Việt Nam has focused on increasing labour productivity and overall productivity growth, there have been relatively few opportunities for SMEs to get customised support as they grow, said Max Bulakovskiy, policy analyst in Global Relations at the Organisation for Economic Co‑operation and Development (OECD).

Retail giant AEON has terminated the tie-up with Hà Nội-based Fivimart after four years of cooperation as their partnership yield no fruits but losses.

The domestic sector’s positive export performance has contributed to a yearly rise of 15.4 per cent in the country’s nine-month export turnover at over $178.9 billion, nearly double the growth target set for the whole year by the National Assembly, GSO director Nguyễn Bích Lâm said.

Việt Nam has made great efforts in fine-tuning its regulatory system and reaped certain successes in recent years. This is, however, not yet finished but now is the right time to speed up this reform to make regulations strong and effective.

The Southern Key Economic Zone needs more robust policies and mechanisms for attracting resources and foreign direct investment and enhancing linkages between localities to enable the region to develop faster and sustainably, according to experts.

Vietnamese shares edged down Monday as profit-taking pressure rose in final minutes bringing stocks down, despite growth in the petroleum sectors.

Vietnamese ride-hailing service, FastGo has announced it will launch its service in Indonesia ad Myanmar – its two first international markets – by the end of this year.

Việt Nam Thương Tín Commercial Joint Stock Bank (VietBank) targets to list its shares on the Unlisted Public Company Market (UPCoM) within a year of increasing charter capital to more than VNĐ4.25 trillion (US$181 million) in 2018.

Việt Nam’s total revenue from retail sales and services in the first nine months of this year is estimated at nearly VNĐ3.24 quadrillion (US$138.64 billion), up 11.3 per cent year-on-year, according the General Statistics Office (GSO).

Credit growth by September 20 reached 9.52 per cent against the end of last year while capital mobilisation rose by 9.15 per cent, the General Statistics Office reported.

Safe farm produce brand  Ruộng Nhà Mình or Our Farm debuted on Monday in Hà Nội together with the launch of its online distribution platform ruongnhaminh.vn.

E-invoicing will be compulsory for all enterprises from November 1st 2020 following Decree 119/2018/ND-CP approved by the Government on September 12.

Vietnam International Bank (VIB) has launched a new security solution named MyVIB Smart OTP for online payments, including Internet Banking and Mobile Banking.