Việt Nam News

The Government will continue to tighten credit in the real estate industry, requiring the Governor of the State Bank of Việt Nam (SBV) to report to the Government quarterly in case of property developers with outstanding loans of more than VNĐ5 trillion (US$215.22 million).

Drivers in Việt Nam will be able to buy products from PetroVietnam Oil Corporation (PVOIL) using their mobile with the e-wallet service provider MoMo from November 1.

Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) has purchased back 50 million shares, according to the the Hồ Chí Minh Stock Exchange (HoSE).

Despite the slowdown in global deal making due to ongoing worldwide economic uncertainty, Việt Nam remains active in M&A in 2020, according to a new report by Baker McKenzie. 

Under existing regulations, the maximum rate of foreign ownership cap in a commercial bank is set at 30 per cent.

Việt Nam was expected to remain one of the top ten remittance receivers in 2019, according to the latest edition of the World Bank’s Migration and Development Brief released recently.

The 2019 Việt Nam Travel and Tourism Summit will be held for the second time in Hà Nội on December 9 under the theme: “For Vietnamese Tourism To Really Take Off”.

With 179 businesses from 15 countries and territories, the latest technology in the field of textile and garment is on display.

Sacombank opened a branch in Nam Định on October 23 to offer modern banking products and services to individual and corporate customers in the northern city.

The State should hold 100 per cent capital at the Việt Nam stock exchange, expected to be merged from the two current bourses under the revised draft Law on Securities, an official said.

The latest models and advanced technologies from 15 Vietnamese and foreign auto brands are on display at the 2019 Vietnam Motor Show which opened on Wednesday in HCM City.

Last year Gemadept‘s revenue fell by 32 per cent at VNĐ2.7 trillion ($116.3 million).

The total 1,130,710 shares, accounting for 97.56 per cent of the company's charter capital, will be offered at an initial price of VNĐ 11,900 ($0.51) each.

An Bình Commercial Joint Stock Bank has reported a pre-tax profit of VNĐ856 billion (US$36.97 million) for the first nine months of the year, a 30 per cent increase over the same period last year.

Since May last year, China has imposed much stricter import regulations on fruit from Thailand and Việt Nam, asking for prior clearance papers from sanitary control agencies as well as certificates of origin.

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange inched up 0.06 per cent to close at 987.79 points.

Vietnam Airlines will supply aviation transport services with special preferences for workers and officials of VNPT.

CEOs in Viet Nam should continue to make serious efforts to eliminate unauthorised software used at their companies, a spokesperson for the BSA|The Software Alliance (BSA) has said.