Việt Nam News

Southeast Asia Commercial Joint Stock Bank (SeABank or SSB) has officially signed a contract to transfer all of its capital at Post and Telecommunications Finance Company Limited (PTF) to AEON Financial Service Co Ltd, at the transfer price of VNĐ4.3 trillion (US$175.2 million).

VinFast, the Vietnamese electric vehicle (EV) maker has entered a standby equity subscription agreement with Yorkville Advisors, a global investment fund manager.

Construction giant Coteccons has reported revenues of VNĐ6.7 trillion ($275.2 million) and profit after tax of VNĐ52 billion ($2.1 million) for fiscal year 2023.

Run by Sơn La Coffee Processing JSC, the factory - biggest of its kind in the northwestern - has a capacity of 50,000 tonnes of fresh coffee berries, equivalent to 12,500 tonnes of coffee bean per year, with a system of wastewater and solid waste treatment system.

Total retail sales of consumer goods and services hit VNĐ524.6 trillion ($21.4 billion) in September, up 2.4 per cent month-by-month, indicating a recovery in demand.

Despite facing difficulties due to the economic slowdown, many investors have announced tentative plans to expand their business and investment.

In the context of a vibrant market and increased liquidity, most securities businesses report flourishing earning results in the third quarter.

If localities have identified tourism as a key local economic engine, then tourism projects should be granted their appropriate standing among the socio-economic development priorities, experts say.

Đà Nẵng, which is situated at the end of the East-West Economic Corridor linking Myanmar, Thailand, Laos and Việt Nam, will be eligible for caravan and road tour links from Thailand to world heritage sites in central Việt Nam.

In the context of the world's increasingly complex fluctuations, awareness and promotion of cultural advantages play a pivotal role in shaping Việt Nam's future as a responsible business community and emerging economy with aspirations to become even stronger in the future.

Recently, the Prime Minister has continuously directed the MoC and relevant sectors and localities to remove difficulties for the real estate market.

The breadth of the market returned to positive territory with 267 gainers and 73 decliners.

Ninety direct meetings were organised between businesses from South Korea's Daegu City and Gyeongbuk Province and Vietnamese enterprises in a trade promotion event facilitated by the Korea Trade Investment Promotion Agency (KOTRA Hanoi) this week.

VPBank has completed the private placement selling 15 per cent of its equity stake to Sumitomo Mitsui Banking Corporation (SMBC), thereby admitting the second largest bank in Japan as the strategic shareholder in its next development chapter.

The potential for trade exchange between Việt Nam and Macau remained largely untapped, especially food products.

According to the General Department of Vietnam Customs, bilateral trade stood at only US$145 million in 2022 due to the COVID-19 pandemic’s impacts but reached $175 million during the first nine months of 2023, up 60 per cent year on year.

The state needs to continue implementing the equitisation process and empowering private enterprises, an expert said.

A conference is co-organised by the HCM City University of Law and the University of Tours in France with the support of the French Embassy in Việt Nam to help Vietnamese policymakers and businesses clearly understand the new business situation in order to develop strategies and solutions for new challenges.