Advertisements In a bid to comply with a central bank regulation on cross ownership, Vietcombank is planning to divest its entire stake in five units, including four banks and a finance company, Chairman Mr. Nghiem Xuan Thanh said. The fourth-largest bank in Vietnam by assets expects to reap VND1 trillion ($44 million) from selling allContinue reading “Vietcombank to fully cut its cross ownership”
Category Archives: Finance
Canada may have withdrawn from TPP, negotiation postponed infinitely following botched Vietnam meeting
Advertisements Negotiations on the Trans-Pacific Partnership were put on hold indefinitely on Friday after Canada was believed to have pulled out of the free trade pact unexpectedly. The news was broken by New Zealand Prime Minister Jacinda Ardern to reporters at the APEC summit in Da Nang, right after a failed meeting. No final conclusionContinue reading “Canada may have withdrawn from TPP, negotiation postponed infinitely following botched Vietnam meeting”
Vietnam, US sign $12 billion in trade deals during Trump’s visit to Hanoi
Advertisements Agreements in aviation and energy were signed as the U.S. President called for ‘fair and reciprocal’ trade with Vietnam. Vietnamese and American businesses signed agreements worth a total of $12 billion on Sunday morning in Hanoi as part of U.S. President Donald Trump’s state visit to Vietnam. The deals include an aircraft engine maintenanceContinue reading “Vietnam, US sign $12 billion in trade deals during Trump’s visit to Hanoi”
Asia-Pacific leaders’ trade opportunity
Advertisements Approaches agreed to by consensus are in turn adopted as the vision for technical coordination among the diverse economies of APEC, which, in all, account for half of global trade and 60 percent of the world’s GDP On Saturday, the leaders of the world’s largest and most dynamic trading corridor, hosted by Vietnam PresidentContinue reading “Asia-Pacific leaders’ trade opportunity”
Asia-Pacific trade ministers agree to ‘core elements’ of TPP in Vietnam
Advertisements Trade ministers in Asia-Pacific have given the green light to most terms of a free trade pact meant to smooth the flow of goods and commerce in the region after extensive negotiations in Vietnam this week. A joint statement on the trade pact, now with a new name, was issued on Saturday and hadContinue reading “Asia-Pacific trade ministers agree to ‘core elements’ of TPP in Vietnam”
APEC 2017: Startups face numerous difficulties, says VBS delegate
Advertisements Too many regulations, too much paper work, too many rules and a lack of capital are among difficulties startups in the Asia-Pacific region are facing, said a US delegate to the Vietnam Business Forum (VBS). Talking to a Vietnam News Agency reporter on the sidelines of the event, which took place in the centralContinue reading “APEC 2017: Startups face numerous difficulties, says VBS delegate”
A prosperous year for Viet Nam’s banking industry
Advertisements Profits of many commercial banks this year will hit the highest levels since 2012 thanks to rising capital demand, experts have forecast. Financial reports from banks showed that although two months still remain until the end of the year, many banks have already met profit targets set for the whole of 2017. According toContinue reading “A prosperous year for Viet Nam’s banking industry”
Guide to Register a Company in Vietnam
Advertisements GBS – Creation of a company in Vietnam is slightly different to what an entrepreneur from another country might be used to. While the opportunities for companies based in Vietnam are compelling, the company registration process is more complex and bureaucratic than the USA, Australia and Singapore, for example. Fortunately, the days of needingContinue reading “Guide to Register a Company in Vietnam”
Vietnam premier highlights solutions for development at APEC business summit
Advertisements Vietnamese Prime Minister Nguyen Xuan Phuc has underlined three key solutions for boosting Vietnam’s development during a business summit held in parallel with the ongoing 2017 Asia-Pacific Economic Cooperation (APEC) week. The first Vietnam Business Summit (VBS) was organized in the central city of Da Nang on Tuesday with the attendance of Vietnamese governmentContinue reading “Vietnam premier highlights solutions for development at APEC business summit”
Vietnam action agenda must focus on inclusion: APEC Secretariat
Advertisements Editor’s note: Denis Hew, Director of the APEC Secretariat Policy Support Unit, spoke to Tuoi Tre News on the challenges to be addressed at the ongoing 2017 Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Week in the central city of Da Nang. What are the topline points of the APEC summit most relevant to Vietnam?Continue reading “Vietnam action agenda must focus on inclusion: APEC Secretariat”
Vietnam stock hits fresh near 10-yr high
Advertisements Vietnam stocks firmed to hit a fresh near decade high on Wednesday, while Singapore held on to two-year highs. Vietnam shares gained 0.9 percent, with real estate developer Vingroup Joint Stock Company climbing 4.7 percent to an all-time peak. Global equities were largely muted as concerns of a delay in U.S. tax reform proposalContinue reading “Vietnam stock hits fresh near 10-yr high”
Vietnam International Bank fast-tracks loan approvals for SMEs
Advertisements GBS – Vietnam International Bank (VIB) has announced it will approve loans of small- and medium-sized enterprises (SMEs) within 48 hours of submission of all documents. The programme is part of the bank’s strategy to prioritise corporate loans and offer SMEs easy and flexible banking products to help them gain more business opportunities. SMEsContinue reading “Vietnam International Bank fast-tracks loan approvals for SMEs”
Four Vietnamese entrepreneurs to attend APEC CEO Summit
Advertisements Four leaders of Vietnam’s large corporations have been invited to participate in the APEC CEO Summit 2017, being held from November 8 to 10 in the central city of Đà Nẵng. The APEC CEO Summit is Asia-Pacific’s premier business event and is held within the framework of the APEC Economic Leaders’ Week, taking placeContinue reading “Four Vietnamese entrepreneurs to attend APEC CEO Summit”
HCM City, housing developers at loggerheads
Advertisements While housing developers in HCM City are looking for occupants for over 15,000 apartments they have built, city authorities are saying more such apartments are needed to resettle people moved out of their houses for various reasons. Do Phi Hung, director of the Department of Construction, said 15,000 more apartments are needed for peopleContinue reading “HCM City, housing developers at loggerheads”
VN consumer wariness could impede e-commerce
Advertisements Alibaba group Chairman Jack Ma said on Monday that deep-seated hesitation among Vietnamese consumers could hamper mobile payment development in the country. Addressing the Vietnam Electronic Payment Forum 2017 (VEPF) in the capital city, the Chinese tycoon said the rate of cash transactions in Viet Nam was too high, despite the huge potential toContinue reading “VN consumer wariness could impede e-commerce”