Việt Nam News

International Finance Corporation (IFC) announced on Tuesday a successful syndicated senior loan package transfer of US$110 million to An Binh Commercial Joint Stock Bank (ABBANK) as a joint effort to boost the latter’s small and medium enterprises (SMEs) lending.

Shares declined on the two national stock exchanges on Tuesday, dragged by slump of brewer Sabeco, but cash flow remained strong which opened an opportunity for a recovery in the next session.

A new wave of investment is expected in Đồng Tháp Province as its business climate has greatly improved in recent years, Prime Minister Nguyễn Xuân Phúc said at a conference held yesterday.

Foreign firms control 75 per cent of mergers and acquisitions (M&A), Nguyễn Quốc Việt, deputy general director of AVM Việt Nam Company, said yesterday.

After 10 years joining the World Trade Organisation (WTO), Việt Nam's export and import value in 2017 has increased four times to reach over US$400 billion, or 170 per cent of the gross domestic product (GDP), according to the General Department of Customs (GDC).

FrieslandCampina Việt Nam has been ranked among the 100 most sustainable businesses of 2017 for its contributions to the sustainable development of the country.

The State Bank of Việt Nam (SBV) on Tuesday pledged to meet all the cash demands of individuals and firms during the upcoming Tết (Lunar New Year), the country’s largest festival.

The Korean Ministry of Strategy and Finance (MOST) has decided to impose anti-dumping duty on Ferro-Silico-Manganese alloys (HS code: 7202.30.0000) imported from India, Việt Nam and Ukraine.

The Central Highlands provinces achieved export turnover of more than US$2.66 billion in 2017, reaching nearly 102 per cent of the year's plan and increasing 22.71 per cent compared with 2016.

The Bank for Investment and Development of Việt Nam (BIDV) on Tuesday announced the closing of its representative office in Yangon, Myanmar.

Việt Nam Railways Corporation (VNR) on Monday launched a freight rail service between Việt Nam’s northern port city of Hải Phòng and Kaiyuan in China’s Yunnan Province. 

Some 25 per cent of CEOs or board directors in Việt Nam are women, surpassing the figures for Malaysia, Singapore and Indonesia.

Military-run telecom provider, Viettel Group, and the Việt Nam National University (VNU) on Monday officially launched the School of Aerospace Engineering (SAE) — the first of its kind in Việt Nam.

 State-owned Sông Đà Corporation will offer 219 million shares at its initial public offering (IPO) scheduled on December 25.

Hà Nội said it has prepared 28.5ha of land for developers to build 27 resettlement housing projects with an estimated 19,800 apartment units.

The EU-Vietnam Free Trade Agreement (EVFTA) is expected to create a breakthrough for timber and wooden products. Experts forecast about US$1 billion worth of timber to be exported to the EU annually by 2020, according to an official of the Vietnam Timber and Forest Association.

The country’s cement surplus this year could be 30 million tonnes and reach 35 million tonnes by 2020 if Việt Nam does not export cement.

Trade development of the Cambodia-Laos-Việt Nam (CLV) Development Triangle Area remains modest and unsynchronised, failing to match the potential and the strategic co-operation between the three countries, participants were told at the 11th Trade and Tourism Promotion Forum of the CLV Development Triangle Area held in the southern province of Bình Phước on Monday.