Vietnam eyes cashless market with card payment scheme

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Báo Tuổi Trẻ English 1 week(s) ago

A scheme to promote cashless payment in Vietnam in the 2016-20 period has been approved by Prime Minister Nguyen Xuan Phuc.

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Vietnam Railways suffers drop in revenue

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Báo Tuổi Trẻ English 1 week(s) ago

A disaster-stricken year has led to a drop in revenue for Vietnam’s rail service compared to 2015, according to the organization’s year-end report.

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Vietnam’s massive steel imports hurt local manufacturers

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Báo Tuổi Trẻ English 3 week(s) ago

Vietnam has spent more than US$7.6 billion on steel imports in 2016, even though local manufacturers are capable of producing most steel products to meet domestic demand.

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Vietnam’s government debt rises by over $17bn in 11 months

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Báo Tuổi Trẻ English 1 month(s) ago

Vietnam’s government has borrowed a total of nearly VND400 trillion (US$17.86 billion) from both domestic and foreign sources in the Jan-Nov period of this year, the Ministry of Finance said in a recent report.

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Vietnam's coal behemoth spends $3.1mn on commemorative medals

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Báo Tuổi Trẻ English 1 month(s) ago

Vietnam’s state-owned coal and minerals corporation is facing government inspection after spending over VND70 billion (US$3.13 million) on logo-bearing medals for its employees.

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Banks in Vietnam required to refund money stolen from ATM cards within 5 days

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Báo Tuổi Trẻ English 1 month(s) ago

A new circular issued by the State Bank of Vietnam now requires banks to refund money stolen from ATM cards within five days of a decision that the cardholder is not at fault.

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Vietnam's biggest brewer to make market debut on Dec. 6

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Báo Tuổi Trẻ English 1 month(s) ago

Vietnam's biggest brewer Sabeco is scheduled to make its debut on the Ho Chi Minh stock exchange (HoSE) on Dec. 6 at a price of 110,000 dong per share.

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Vietnam plans to sell 9 pct of Vinamilk on Dec. 2

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Báo Tuổi Trẻ English 2 month(s) ago

Vietnam's State Capital Investment Corporation (SCIC) plans to sell 9 percent of dairy firm Vinamilk, worth around $800 million at current market value, on Dec. 2, it said on Monday.

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Vinamilk's stake sale may happen by early December: official

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Báo Tuổi Trẻ English 3 month(s) ago

The sale of a 9 percent stake in Vietnam's state-controlled dairy company Vinamilk VNM.HM may take place in late November or early December, a senior official of the State Capital Investment Corporation (SCIC) said on Tuesday.

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Traders of counterfeit banknotes face stern punishment in Vietnam

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Báo Tuổi Trẻ English 3 month(s) ago

A rising number of Internet users in Vietnam have participated in trading counterfeit money without knowing they could be subject to a penalty as severe as life imprisonment.

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Big Data transforms Home Credit Vietnam operations

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Báo Đầu Tư English 3 month(s) ago

Czech-backed Home Credit Vietnam effectively uses digital technology in its Vietnamese operations.

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Vietnam's economic growth slows to 6.4 pct y/y in Q3 2016

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Báo Tuổi Trẻ English 3 month(s) ago

Vietnam's economy grew an annual 6.4 percent in the third quarter, the fastest pace since the last quarter of 2015 but below the 6.87 percent pace clocked in the same period last year, the government said in estimates released on Thursday.

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Intel Vietnam to lay off CEO, two-thirds of employees in massive restructure

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Báo Tuổi Trẻ English 4 month(s) ago

Two-thirds of Intel Vietnam employees, including its CEO and marketing director, will be made redundant from October as part of the corporation’s worldwide restructuring initiative.

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Vietnam stock market hits 9-year high

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Báo Tuổi Trẻ English 4 month(s) ago

Vietnam’s stock market hit a nine year high on Tuesday after finishing a full week of continuous growth following the introduction of new trading rules earlier this month by the Ho Chi Minh City Stock Exchange (HOSE).

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Rubber producers want export taxes scrapped

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VietStock FI English 4 month(s) ago

Pivate sector rubber producers have petitioned the government to drop export taxes on rubber products, arguing that by scrapping the tax the sector would attract foreign investment into processing factories.

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