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

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Báo Tuổi Trẻ English 6 day(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 week(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 week(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 week(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 week(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 1 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 2 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 2 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 2 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 2 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 2 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 3 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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Vietnam debates OTP safety following $22,300 bank account hack

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Báo Tuổi Trẻ English 4 month(s) ago

Vietnam debates OTP safety following $22,300 bank account hack

A recent incident involving a state-bank cardholder who had VND500 million (US$22,300) in her ATM account withdrawn overnight has become a case study as to whether an OTP, or a one-time password, in Internet banking is really safe.

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Honda Vietnam’s profit tops $403mn in 2015

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Báo Tuổi Trẻ English 4 month(s) ago

Honda Vietnam’s profit tops $403mn in 2015

Honda Vietnam, the local subsidiary of the multinational conglomerate Honda, managed to rack up even more profit in 2015, despite a saturating motorcycle market.

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Foreign investors spend $3bn on capital contribution, stock in Vietnam in past year

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Báo Tuổi Trẻ English 4 month(s) ago

Foreign investors spend $3bn on capital contribution, stock in Vietnam in past year

More foreign investors have been investing via capital contributions and stock purchases in Vietnam over the last year, the Foreign Investment Agency has said.

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