Fitch Ratings on Tuesday upgraded the long-term issuer default rating (IDR) of Military Commercial Joint Stock Bank (Military Bank) to ‘B+’ from ‘B’ with a stable outlook. Fitch also upgraded the bank’s viability rating to ‘b+’ from ‘b’.
Nearly 18,703 new enterprises were formed in the country in the first two months of this year, with a total registered capital of more than VNĐ197.3 trillion (US$8.66 billion).
Mai Tiến Dũng, Chairman of the Government Office and head of the Prime Minister’s working group, set a June 30 deadline for ministries to finish cutting a substantial amount of cumbersome administrative procedures and business permits that have long obstructed Việt Nam’s business community.
Vietnamese importers have temporarily stopped buying raw cashew from Africa due to a surge in prices, according to the Việt Nam Cashew Association (Vinacas).
Shares rose for the fourth consecutive day yesterday on the HCM City Stock Exchange, largely on the strength of a handful of banking and energy blue-chips.
Việt Nam News reporter Phương Uyên talks to Gibs S. Song, a partner at California-based venture capital company Big Basin Capital and start-up investor in Việt Nam, about the key to the country’s start-up development and the possibility of a venture capital investment system.
With a record high of nearly US$13.8 billion in remittances last year, Việt Nam now ranks 10th among the top recipients of remittances globally.
The consumer price index (CPI) in February edged up 0.73 per cent month-on-month and 3.15 per cent year-on-year, the General Statistics Office (GSO) reported yesterday.
The special State capital management committee, which was formed by the Government in early February, may take charge of supervising VNĐ5 quadrillion (US$222.2 billion) worth of State capital in 21 State-owned enterprises.
Nguyễn Chiến Thắng, director of HCM City-based wood products maker Scansia Pacific, said his company has export orders for the whole year, which are 25 per cent up from 2017.
The Vietnam Association of Seafood Exporters and Producers (VASEP) will furthern help Việt Nam overcome the European Commission’s illegal, unreported and unregulated fishing (IUU) yellow card on Vietnamese fisheries.
Japan’s Juroku Bank Ltd will open a representative office in Hà Nội next month after getting a licence from State Bank of Việt Nam (SBV) in early February.
Estate developer FLC Group will increase its property product supply by 30 per cent this year, said Trịnh Văn Quyết, FLC’s chairman.
Some US$130.29 million in foreign direct investment (FDI) have been poured into new and existing projects in the northern province of Bắc Ninh since the beginning of this year.
“This private equity investment is consistent with our strategy of focusing on companies operating in the sectors of the economy benefitting from strong domestic growth. Vietnamese food and beverage companies in particular have tremendous growth opportunities ahead of them as consumers spend more on high-quality and healthy products,” said Andy Ho, managing director of VOF.
Nghi Sơn Refinery and Petrochemical Limited Liability Company on Wednesday received the Ready For Start Up (RFSU) certificate for its Nghi Sơn Refinery and Petrochemical Complex Project (NSRP project).
The Ministry of Industry and Trade (MoIT) has requested the United States to carefully consider alternative means to restrict the import of steel and aluminum products from Việt Nam.
The rate of the US dollar continued to soar at local commercial banks while gold prices fall sharply on Wednesday.
The Government would not use public funds to rescue 12 loss-making projects under the jurisdiction of the Ministry of Industry and Trade (MoIT), Deputy Prime Minister Vương Đình Huệ said.
Canada’s MHEnviron Group, Việt Nam’s Minh Hưng Group and the US-based Avure Technologies signed on February 27 a memorandum of understanding to build a HPP (high pressure processing) technology food manufacturing and processing plant in Việt Nam.
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