VNPT sells finance subsidiary to SeABank

Vietnam Posts and Telecommunications Group (VNPT) sold its finance subsidiary Post and Telecommunication Finance Company Ltd (PTF) to SeABank at a recent auction.

Banks recruited thousands of employees in 2017

Together with high profits of a trillion đồng at the end of 2017, domestic commercial banks reportedly hired thousands of employees to boost their performances and seize new opportunities.

Eximbank’s profit up 160% in 2017

Việt Nam’s Export Import Commercial Joint Stock Bank (Eximbank) posted a pre-tax profit of VNĐ1.017 trillion (US$44.6 million) last year.

Việt Nam Rubber Group eyes profit rise

Việt Nam Rubber Group targets an 8 per cent rise in revenues and 33 per cent rise in pre-tax profits this year, Nguyễn Tiến Đức, its deputy general director, said on February 7.

HCMC farm production shoots up

The average production value per hectare of agricultural land in HCM City has increased year after year even as the area shrank, according to the city Department of Agriculture and Rural Development.

Wealth inequality drags growth: experts

As the world faces a crisis in wealth distribution, some experts doubt if the accumulation of capital will encourage innovation and investment, but instead, lead to multiple tax burdens and increase the gap between rich and poor.

Lots of airline seats still open

 As the Tết holiday draws closer, the Vietnamese aviation industry is scrambling to meet peak demand by increasing the number of flights.

VN stocks endure another strong selloff

Vietnamese shares underwent another strong decline on Tuesday as investor sentiment remained negative following the selloff that had spread across global markets.

PVOil launches cashless payment app for drivers

PetroVietnam Oil Corporation (PVOil) on Tuesday launched PV Oil Easy, an application for smartphones and tablets that allows users to buy petrol and manage their purchases via a QR code.

PG Bank allowed to raise charter capital

State Bank of Việt Nam (SBV) has allowed Petrolimex Group Commercial Joint Stock Bank (PG Bank) to raise its chartered capital from VNĐ3 trillion (US$132 million) to VNĐ3.165 trillion.

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