Foreign ownership in the Vietnam Technological and Commercial Joint Stock Bank (Techcombank) is officially at zero per cent, the bank announced late last week.

Liên Việt Post Commercial Joint Stock Bank (LienVietPostBank) met 95 per cent of its VNĐ1.5 trillion (US$65.79 million) pre-tax profit planned for the entire 2017 by the end of September.

The General Department of Customs (GDC) on Monday signed a co-operation agreement with five commercial banks to implement a 24/7 e-tax payment scheme.

During the upcoming trip, these enterprises will have an opportunity to get updated with the latest technical information from the three mentioned markets and study consumer trends to draw up effective business strategies to boost exports.

Việt Nam will work to raise the quantity as well as quality of applications for inventions in the coming years, delegates said at a seminar in HCM City yesterday.

There are three main challenges that small and medium-sized enterprises in Việt Nam face with the advent of the fourth industrial revolution, a senior member of the US-ASEAN Business Council has said.

Auditors and land management experts are sceptical about the efficiency and transparency of projects carried out under Built-Transfer (BT) contracts in Viet Nam, after many BT projects have suffered long delays and major problems along the way.

Shrimp exports to the European Union (EU) increased constantly in August and September, making it the biggest consumer of the Vietnamese product, according to the Vietnam Association of Seafood Exporters and Producers (Vasep).

The Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank) has reported VNĐ2.68 trillion (US$119 million) as its pre-tax profit for the third quarter, marking a yearly increase of 31 per cent.

Faced with increasing pressure from competition, Việt Nam’s textile and garment industry has not yet relieved its dependence on imported raw materials. This shows that the sector’s supply chain still has many shortcomings in raw and auxiliary materials production, which may affect the national garment industry development and export opportunities from various Free Trade Agreements (FTAs).

Global IT platforms such as Google and Facebook should be required to found legal entities in Việt Nam which would be in charge of performing obligations regulated by the country’s established laws, a representative of VTC Mobile has proposed.

Shares edged down on the two national stock exchanges on Monday, led by large caps which declined steeply under strong profit-taking selling pressure.

Record-high foreign reserves will enable Việt Nam’s central bank to keep the đồng, the local currency, stable for the rest of the year, Bloomberg quoted a central bank official as saying.

Credit growth of the entire banking system in the last 10 days of September rose 1.14 per cent, pushing the total increase in the first nine months of this year to 12.16 per cent.

The People’s Committee in the central province of Thanh Hóa recently gave the go-ahead to a US$15.6-million eco-tourist resort project in the Nghi Sơn economic zone in Tĩnh Gia District.

The Việt Nam Opportunity Fund (VOF), managed by VinaCapital Group, invested US$11 million into the Orient Commercial Bank (OCB), owning nearly 5 per cent stake in the bank.

The Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank) on October 20 appointed Thomas William Tobin as Retail Banking Director, the bank’s first foreign senior executive.

Finance ministers of 21 APEC’s member economies declared a joint statement on Saturday, marking the successful conclusion of the 24^th APEC Finance Ministers’ Meeting (FMM) held in Hội An City, Quảng Nam Province.