VN stocks fall on late selling again

Việt Nam’s benchmark VN Index ended on a negative note for the second day in a row as profit-taking pressure rose in the last minutes to limit the growth of large-cap companies.

IFC arranges $100m loan for TPBank to promote digital financial services to MSMEs

The International Finance Corporation and Tiên Phong Commercial Joint Stock Bank have inked a deal following which the financial arm of the World Bank will provide a syndicated loan of US$100 million to help TPBank extend long-term funding to mirco, small and medium enterprises (MSMEs), and individual borrowers through digital delivery channels.

Việt Nam signs up to international fishing legislation

The Government has agreed to accede to the Food and Agriculture Organisation’s Agreement on Port State Measures, the first binding international agreement to specifically target illegal, unreported and unregulated fishing.

Phú Bài int’l airport to have new passenger terminal

The Airports Corporation of Vietnam (ACV) will source about VNĐ1.7 trillion (US$74.1 million) from its development capital to build the T2 passenger terminal at Phú Bài International Airport in the central coastal province of Thừa Thiên-Huế.

SMEs urged to take advantage of FTA opportunities

Vietnamese businesses have not yet taken full advantage of the potential to create high added value with low cost in the production chain, said Deputy Regional Managing Director of the US-ASEAN Business Council in Vietnam, Vũ Tú Thành.

Banks to hike service fees this month

After two months postponing the increase in service fees for ATM cash withdrawals as required by the central bank, some commercial banks have now resumed the plan, announcing that a new service fee framework will apply from the middle of this month.

Việt Nam needs reforms for new FDI strategy

Việt Nam needs breakthrough reforms in the national foreign direct investment (FDI) approach to sustain the country’s rapid economic development, competitiveness and inclusive prosperity, according to a report launched by the International Finance Corporation (IFC) and the Ministry of Planning and Investment (MPI) yesterday.

VN stocks lose steam on late sales

Vietnamese shares fell in the last minutes of trading on Monday as selling pressure weighed down large-cap companies after they grew strongly in the last two sessions.

BSR changes to joint stock model

Bình Sơn Refining and Petrochemical Company Limited (BSR) in the central province of Quảng Ngãi officially changed to a joint stock company model on July 1, 2018.

Lào Cai proposes new airport

The People’s Committee of the northern mountainous province of Lào Cai has proposed the Ministry of Transport construct an airport in Sapa with total capital investment of nearly VNĐ5.8 trillion (US$252 million).

Vietnamese business club makes debut in RoK

The Vietnamese Business Club in the Republic of Korea (VBCK) made its debut at a ceremony in Seoul on July 7, drawing the attendance of hundreds of Vietnamese and Korean businessmen.

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