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Typhoon debt relief measures may impact bank profitability in Việt Nam

BIM Land to get $87.5m from IFC to develop tourism in Việt Nam and Lao PDR

BIM Land Joint Stock Company, a property developer under BIM Group, has reached an agreement with International Finance Corporation (IFC), a member of the World Bank Group, for a loan of up to US$87.5 million to develop tourism infrastructure in Việt Nam and Lao PDR.

Viet Capital Bank submits profile to VSD

Bản Việt Bank (Viet Capital Bank) has registered with the Vietnam Securities Depository (VSD) to trade more than 317 million shares on the Unlisted Public Company Market (UPCoM).

Economy

Fitch Ratings assigns PetroVietnam at ‘BB’ for first time

Fitch Ratings has assigned the Vietnam Oil and Gas Group's (PetroVietnam or PVN) first-time long-term foreign-currency issuer default rating (IDR) at 'BB' with a positive outlook.

Economy

Hong Leong and TPG acquire all Columbia Asia Hospitals in Việt Nam

All three hospitals and clinics of Columbia Asia Hospitals in Việt Nam are now owned by Malaysia-based Hong Leong Group and global alternative asset firm TPG.

Economy

Coffee export prices plummet

Although ranked second in the world, Việt Nam's coffee exports are plummeting. Sadly, the price of Vietnamese coffee exports is ranked close to the bottom, much cheaper than the same type of coffee from other countries.

Economy

France-Việt Nam waterway shipping route inaugurated

Nearly 600 tonnes of malt from France’s central Bourgogne-Franche-Comte region will be shipped weekly to Việt Nam via a new waterway route linking an inland port in the French department of Yonne with Cái Mép seaport in HCM City.

Economy

State domestic revenue rises 14% to US$34.8 billion in eight months

The State budget’s domestic revenue in the first eight months of 2019 is estimated at VNĐ808.8 trillion (US$34.8 billion), according to the Ministry of Finance.

Economy

From trash to treasure: circular economy brings hope

Consumers, as well as Vietnamese customers, today pay more attention to the environment. This is an opportunity but also a challenge for companies to take action towards sustainable development.

Economy

SBV tightens loans with savings books as collateral

The State Bank of Việt Nam (SBV) has warned local commercial banks to improve control of loans that use savings books as collateral to ensure the safety of the banking system.

Economy

Market growth to slow as momentum runs out

Việt Nam’s benchmark VN-Index has climbed to the highest level in three weeks but analysts have warned positive market sentiment may not last in the coming week.

Economy

Upgraded Thaco KIA factory inaugurated

Trường Hải Auto Corporation (Thaco) on Saturday inaugurated the upgraded Thaco KIA factory at Tam Hiệp Industrial Park in the central province of Quảng Nam’s Chu Lai Open Economic Zone.

Economy

VN, Cuba seek to expand investment, trade ties

Trade and investment ties between Việt Nam and Cuba are not commensurate with their potential and there is a lot of room for them to grow, a seminar on business co-operation opportunities between the two countries heard in HCM City yesterday.

Economy

Local hotel industry faces challenge in technology: Savills Vietnam

The domestic hotel industry will face many challenges during development, especially in the application of technology, according to an expert from Savills Vietnam – a foreign property service provider in Việt Nam.

Economy

Fertiliser stocks nosedive on difficulties

Rising input production costs, unfavourable weather conditions, a saturated domestic market and stiff competition are causing difficulties for fertiliser businesses.

Economy

ODA disbursement needs urgent acceleration

Việt Nam disbursed only 10 per cent of the annual ODA disbursement target in the first eight months of the year, according to a report by the Ministry of Finance.

Economy

VN-Index gains for second day, pre-purchases boost retail stocks

Việt Nam’s benchmark VN-Index soared on Friday as expectations for high fourth-quarter earnings helped boost digital retail firms after they opened pre-orders for new iPhone products.

Economy

Science and technology vital to Việt Nam’s development

With increasing international integration, science and technology plays a key role in the country’s economic development, Chairman of the National Assembly (NA) Committee on Science, Technology and Environment Phan Xuân Dũng has said.

Economy

Việt Nam needs renewal of property market to lure more foreign capital

Việt Nam needs to renew its real estate market to attract more foreign investors and increase the quality of foreign direct investment (FDI) in the sector, according to experts.

Economy

VN central bank makes first key rate cut since 2017

The State Bank of Việt Nam (SBV) on Friday announced it would cut several key interest rates by 0.25 percentage points, starting from September 16, to support economic growth.