Phnom Penh's NagaWorld casino targeted in audit

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VietStock FI English 2 hour(s) ago

Phnom Penh's NagaWorld casino targeted in audit

The government is conducting an audit of NagaWorld in Phnom Penh to assess its tax liabilities on non-gaming operations after finding “discrepancies” last year that prompted the first-ever government probe of the landmark casino and entertainment complex’s finances.

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Grand Twins sees revenue up, profit down

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VietStock FI English 2 hour(s) ago

Grand Twins sees revenue up, profit down

Grand Twins International (GTI), the only publicly traded garment firm on the Cambodian stock market, reported that profits decreased by over 15 per cent year-on-year during the first six months of 2016 despite a hefty increase in revenue.

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Group Lease ties into True Money network

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VietStock FI English 2 hour(s) ago

Digital finance firm Group Lease Finance (GLF) and mobile payment company True Money have announced a new partnership to provide loans and financial services in Cambodia.

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Singapore's GIC to take 7.7 pct stake in Vietnam's Vietcombank

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Báo Thanh Niên English 18 hour(s) ago 1 related news

Singapore's GIC to take 7.7 pct stake in Vietnam's Vietcombank

Singapore sovereign wealth GIC Pte Ltd said on Monday it will acquire a 7.73 percent stake in Vietcombank, Vietnam's biggest lender by market capitalisation.

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GIC said to pay less than $400 million for Vietcombank holding

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Báo Thanh Niên English 17 hour(s) ago 1 related news

GIC said to pay less than $400 million for Vietcombank holding

GIC Pte reached a preliminary agreement to pay less than $400 million for a 7.7 percent stake in Bank for Foreign Trade of Vietnam JSC, the nation’s second-biggest listed company, people with knowledge of the matter said.

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MOF proposes tax reduction to rescue SMEs

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Báo Dân Trí English 11 hour(s) ago

MOF proposes tax reduction to rescue SMEs

The Ministry of Finance (MOF) has submitted to the government a plan to lower the corporate income tax (CIT) rate to 17% for small and medium sized enterprises (SMEs).

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FDI disbursement reaches $10 bln in first eight months

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SaiGon GP English 19 hour(s) ago

Some US$14.3 billion of direct foreign investment (FDI) was disbursed in the first eight months of this year, according to a report of Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

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Textile, garment export turnover increase slightly

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SaiGon GP English 19 hour(s) ago

Textile and garment export just reached US$13.15 billion, an increase of 4.7 percent compared to the same period last year, as per a report of the Ministry of Industry and Trade.

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Vietnamese banks plot offshore bond comeback

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Báo Tuổi Trẻ English 21 hour(s) ago

Vietnamese banks plot offshore bond comeback

HONG KONG, Aug 29 - Vietnam's top commercial banks are considering their first US dollar offerings since 2012 at a time when the country's sovereign bonds have soared to record levels.

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Coffee exports expected to earn US$3 billion

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Báo Dân Trí English 19 hour(s) ago

Coffee exports expected to earn US$3 billion

Vietnam, the world’s second-largest coffee producer after Brazil, exported 1.5 million tonnes of coffee during the 2015-16 period, with a revenue of US$3 billion, according to the Vietnam Coffee and Cocoa Association (VICOFA).

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Vietjet opens two new air routes to Chinese Taiwan

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Báo điện tử CP English 16 hour(s) ago

Vietjet opens two new air routes to Chinese Taiwan

VGP – The budget carrier Vietjet Air opened two air routes linking to Kaohsiung and Taipei (Taiwan, China) and Ho Chi Minh City and Ha Noi (Viet Nam).

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IFC commits to Vietnam by buying into TPBank

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Báo Đầu Tư English 1 day(s) ago

IFC commits to Vietnam by buying into TPBank

World Bank Group member IFC now owns some 5 per cent of Tien Phong Bank’s stakes, to further assist the lender in expanding its loan services to better serve growing Vietnamese businesses.

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‘Foreign-invested project’ doesn’t always mean ‘foreign-financed’

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Báo Đầu Tư English 2 day(s) ago

‘Foreign-invested project’ doesn’t always mean ‘foreign-financed’

Many foreign-invested projects in Vietnam have been operating with capital borrowed from Vietnamese banks.

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Industrial park operator hopes to clinch land sales

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VietStock FI English 23 hour(s) ago

Industrial park operator Phnom Penh SEZ anticipates that net profit will expand more than 10-fold by the end of this year after it cements deals with two Japanese manufacturing companies next month and hopes to capture an additional six investors as tenants, company representatives said during a presentation on Friday.

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Singapore becomes third largest investor in VN

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Báo điện tử CP English 1 day(s) ago

Singapore becomes third largest investor in VN

VGP – As of late June, Singapore was the third largest investor in Viet Nam after the Republic of Korea and Japan.

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