Two sides signed a loan agreement on Friday. — Photo courtesy of IFC HÀ NỘI — International Finance Corporation (IFC) is providing a US$40 million loan to Southeast Asia Commercial Joint Stock Bank (SeABank) to support local businesses and help them make a resilient recovery after the COVID-19 pandemic, the member of the World Bank Group […]
The multi-level marketing model. — File Photo HÀ NỘI — In the future, foreign investors who wish to register for multi-level marketing (MLM) activities in Việt Nam may need three consecutive years of experience in multi-level marketing in another country. The condition is part of a draft decree to amend some articles of Decree 40 on the management of MLM business […]
Allowing foreign investors to participate more in the petrol and oil retail market must be given careful consideration with gains and losses taken into account. — Photo laodong.vn HÀ NỘI — Deputy Prime Minister Lê Văn Thành has asked the Ministry of Industry and Trade to give careful consideration to the proposal of extending the […]
TPBank’s head office in Hà Nội. TPB rose 5 per cent on Monday. — VNA/VNS Photo Trần Việt HÀ NỘI — The market rose strongly on Monday with the VN-Index reaching 1,400 points as investors poured money into blue-chip stocks. On the Hồ Chí Minh Stock Exchange (HoSE), the market benchmark VN-Index rose 1.13 per […]
One of the main ingredients for quartz production at Vicostone – polyester resin with superior qualities compared to imported supplies – is solely provided by Phenikaa Chemical Plant, one of the three largest resin facilities in Southeast Asia. — Photo courtesy of Vicostone HÀ NỘI — Vicostone Joint Stock Company estimated its revenue and pre-tax profit […]
This year the export markets for Vietnamese wood industry is expected to be excellent, experts said. Photo haiquanonline.com.vn HCM CITY — Wood products exports are expected to rise to a record US$15-16 billion this year despite the impacts of the COVID-19 pandemic. They were worth $12.5 billion last year. According to the General Department […]
Compiled by Thiên Lý In May Prime Minister Phạm Minh Chính approved a plan to increase Vietinbank’s capital. The lender’s executive board then decided to increase the charter capital through issuance of shares to existing shareholders as dividends at a rate of 29 per cent for 2017, 2018 and a part of 2019. This will […]
Businesses are really in need of new loans and lower lending interest rates to maintain production and to survive. — Photo courtesy of ABBANK Xuân Hương HCM CITY — Trần Tuấn Anh, director of a three-star hotel in HCM City’s District 1, said hopes of a business revival after earlier waves of COVID-19 were […]
PetroVietnam Gas’s Thị Vải LNG receiving terminal in Vũng Tàu Province. Photo pvgas.com.vn HÀ NỘI— After struggling to find direction, the market hit a new record on the back of bank stocks in the last trading session. Analysts from securities firms said that this will be the driving force for the VN-Index to head toward 1,400 […]
A view of Gem Sky World urban area project developed by Đất Xanh Group (DXG). — Photo courtesy of Đất Xanh Group HÀ NỘI A group of investment funds run by Dragon Capital announced on Saturday it had successfully bought more than 2.71 million shares of Đất Xanh Group JSC (DXG). DC Developing Market Strategies […]
LienVietPostBank sets a profit target of VNĐ3.2 trillion this year, up 32 per cent compared to 2020. — VNA/VNS Photo HÀ NỘI — The State Bank of Việt Nam has approved the 2020 dividend payout plan of Liên Việt Post Commercial Joint Stock Bank (LienVietPostBank or LPB), at the rate of 12 per cent in shares. […]
A green building. Many corporates are ready to pay higher rent for green building. — Photo Courtesy JLL HCM CITY — Seventy per cent of Asia Pacific corporations are willing to pay a rental premium in future to lease sustainability-certified buildings, a recent report by JLL has said. The Asia Pacific ‘Sustainable Real Estate: From ambitions to actions’ report said this […]
Demand for cold storage is increasing sharply as consumers in Việt Nam turn to online shopping. — Photo Baodautu.vn HCM CITY — The trend of shoppers going online en masse is driving demand for cold storage facilities, something that is in severe short supply in Việt Nam. Nguyễn Quốc Trịnh, chairman of the Long An Dragon […]
Australia’s New South Wales’ businesses place agritech, food and beverage as the top priority for investment in Việt Nam. — VNA/VNS Photo SYDNEY — Local businesses in Australia’s New South Wales (NSW) have shown interest in joining the agricultural technology as well as food and beverage sectors in Việt Nam – a promising market in […]
IDICO announced it will transfer its entire 26 million shares in Đắk Mi Hydropower joint stock company to Bitexco group. — Photo idico.com.vn HÀ NỘI — The Việt Nam Urban and Industrial Zone Development Investment Corporation (IDICO) announced it will transfer its entire 26 million shares in Đắk Mi Hydropower joint stock company to […]
A stall at the trade promotion expo featuring more than 150 Vietnamese goods of high quality in Thailand. — VNA/VNS Photo BANGKOK — A trade promotion expo featuring more than 150 Vietnamese goods of high quality is taking place in Thailand’s Udon Thani province from June 24 to 27 as part of activities marking […]
Among the 18 sectors attracting FDI, manufacturing-processing lured the highest amount at $6.98 billion, accounting for 45.7 per cent of the total investment. — VNA/VNS Photo HÀ NỘI — Foreign investors have poured US$15.27 billion into Việt Nam so far this year, equivalent to 97.4 per cent of the amount recorded in the same period […]
A customer makes transactions at Saigon Securities Inc’s trading house. SSI hit the ceiling growth of 7 per cent yesterday. — Photo vietnamfinance.vn HÀ NỘI — Shares continued to rally on Friday as Việt Nam’s benchmark VN-Index is reaching an important milestone of 1,400 points, but liquidity showed signs of weakening, showing investors’ timidity around the […]
The railway industry is encountering a lot of difficulties due to the impacts of the COVID-19 pandemic. — VNA/VNS Photo Nguyễn Thành HÀ NỘI — The Việt Nam Railways Corporation (VNR) has asked for a loan package worth VNĐ800 billion (US$34.5 million) with zero interest to overcome the difficulties of the COVID-19 pandemic. The State-owned operator […]
Bắc Giang Province has designed particular areas for projects in different fields, including industry, agriculture, tourism, services, urban areas, logistics, entertainment and health care. — VNA/VNS Photo BẮC GIANG — The northern province of Bắc Giang is applying measures to implement its investment promotion programme for 2021 with an aim to attract about US$1.3 […]
