Việt Nam News

Fifteen Vietnamese banks have recently been named in The Asian Bankers’ AB500 ranking and survey of Asia Pacific’s strongest banks.

The State Bank of Việt Nam (SBV) has released a list of 42 commercial banks, which are eligible to provide guarantees for future home purchases, according to Circular 13/2017.

Investors were very excited after the benchmark VN-Index hit an almost decade-high last week and forecasts predict it will head to 1,000 points this year. However, analysts have warned of a likely correction this week after a long rally before the market goes further.

Analysts expressed concern that the fashion industry could possibly be taken over by foreign businesses in the near future.

The revenue of Việt Nam’s retail sales market will reach over VNĐ11 quadrillion (US$484.58 billion) by 2025 and nearly VNĐ44 quadrillion ($1.938 trillion) by 2035.

The Trung Nguyên coffee group put into operation its representative office in Shanghai, China last week, vietnamplus.vn reports.

Productivity and innovation are considered leading factors for Việt Nam’s international integration, said Đặng Huy Đông, deputy minister of Planning and Investment.

The State-owned Sông Đà Corporation (Sông Đà) will offer nearly 220 million shares at its initial public offering (IPO) next month, the company said in a statement on its website.

Increasing competition among private and foreign enterprises shows the market’s attractiveness towards suppliers and the potential for development in the growing Vietnamese consumer market.

Construction on a US$19-million production area began in the southern province of Bình Dương’s Bàu Bàng Industrial Zone (IZ) last week.

Korean exports of pears and apples to Việt Nam have soared in the past years, according to the Korea Agriculture Food Trade Association.

Long An Province, which produces about 215,000 tonnes of dragon fruit every year, is aiming to increase its exports of the fruit by using state-of-the-art technology to develop 2,000ha of new growing land in Châu Thành District.

The fourth industrial revolution is having a profound impact on every country, industry and business, and the transport sector is no different.

The Ministry of Construction has asked the people’s committees of Hà Nội and HCM City to report existing disputes between buyers and developers at apartment projects before the end of this month.

As most of the machines used in the agricultural sector are imported, innovations in agricultural machinery made by Vietnamese farmers are being viewed as “rain after the drought”.

After financial technology (fintech), which changed the way the financial sector worked, now, property technology (proptech) is expected to effect a change in the real estate industry.

The National Assembly (NA) on Friday approved a VNĐ23 trillion (roughly US$1 billion) budget for land clearance at the Long Thành International Airport.

The ratio of non-performing loans in the real estate sector has dropped significantly since 2013, according to the State Bank of Việt Nam’s Credit Department of Economic Sectors.