The Ministry of Planning and Investment has granted an investment license to the Viet Nam Dairy Products Joint Stock Co (Vinamilk) to build a dairy product processing factory in Phnom Penh, Cambodia.
Keywords: VinamilkmilkVietstockHun SenVietnamese Prime Minister Nguyen Tan DungIn Cambodia
In a report published today, Moody's Investors Service says that the stable outlook on Vietnam's B2 government bond rating reflects a firming of macroeconomic settings and initial progress on the restructuring of the banking system.
Keywords: moderateRiskscreditVietstockInvestors ServiceOutlook
The Sai Gon-Ha Noi Commercial Bank said it was aiming to cut its bad debt to below 5 percent of loans by the end of 2013, from 7.75 percent on Sept. 30, the Lao Dong (Labour) newspaper reported.
Keywords: belowLoansThe Lao DongAimingLabourSalesbank
Vietnam's economy continues to stabilise, and has withstood the global financial volatility which has hit other regional emerging economies, says Fitch Ratings. However, medium-term economic prospects and the sovereign's credit profile remain weighed down by the slow pace of asset restructuring in the banking sector and sluggish reforms of state owned enterprises (SOEs).
Keywords: creditFitch RatingsProspectsEconomies
Vietnam’s premier pledged to subject state-owned companies to competition and allow greater foreign ownership of banks as the government seeks to revive growth and join a key trade agreement.
Keywords: dungThe U Sstatedevalueaccessallowrevive