Major banks to lower lending rates

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Báo Dân Trí English 25 minute(s) ago

Major banks to lower lending rates

Prime Minister Nguyen Xuan Phuc and the State Bank of Vietnam (SBV) had called for the rate cuts, before the PM took part in a dialogue with enterprises in HCM City on April 29.

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Experts call Tay Ninh the bridge to ASEAN

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SaiGon GP English 3 day(s) ago

Experts call Tay Ninh the bridge to ASEAN

The southern city of Tay Ninh is the last point in the Cuu Long (Mekong River) Delta region but from the perspective of ASEAN connectivity the city is the starting point connecting Vietnam with the Southeast Asia region, said Phan Chanh Duong, lecturer of the Fulbright Economic Teaching Program.
Illustrative photo (Photo: Reuters)

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Banks ask SBV to delay stricter rules

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Báo Đầu Tư English 4 day(s) ago

Banks ask SBV to delay stricter rules

Commercial banks are recommending that the State Bank of Viet Nam (SBV) delay tightening of lending rules, as it could face difficulties once it takes effect on January 1, 2017.

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Vietnam's top brokerage firm Kim Long to shut down amid competition

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Báo Thanh Niên English 5 day(s) ago

Vietnam's top brokerage firm Kim Long to shut down amid competition

Kim Long, one of Vietnam's top 20 brokerage houses, has announced its exit after 10 years of operation, citing poor business amid harsh competition.

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Circular tightens offshore borrowings

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Báo Đầu Tư English 1 week(s) ago

Circular tightens offshore borrowings

A circular containing new regulations on offshore borrowing took effect on April 15, expanding the central bank’s control over offshore borrowings to short-term loans. Doan Tu Tich Phuoc, lawyer at Duy Long Legal LLC, provides some insight on the topic.

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Seafood export reaches US$1.4 bil

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SaiGon GP English 1 week(s) ago

At a meeting with seafood companies in the Mekong delta on the breeding and seafood export on April 20, the Vietnam Association of Seafood Exporters and Processors (VASEP) said that after a long time difficulty, the country’s seafood export reached US$1.4 billion, 9 percent higher than same period last year.

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Local steel companies must become more competitive

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Báo Đầu Tư English 1 week(s) ago

Local steel companies must become more competitive

The application of trade defence instruments must ensure harmonisation of interests between producers and consumers in the long term, Ho Nghia Dung, president of the Viet Nam Steel Association said.

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Real estate M&As spiked in first quarter

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Báo Đầu Tư English 1 week(s) ago

Real estate M&As spiked in first quarter

The real estate market in Vietnam has seen groundbreaking merger and acquisition deals during this year’s first quarter, with the total monetary volume reaching several hundred million dollars.

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Local stocks draw in foreign capital

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Báo Đầu Tư English 2 week(s) ago

Local stocks draw in foreign capital

Foreign investors continue to favour Vietnam as a stable investment destination amid global economic uncertainty, but they still need stronger incentives to stay in the country for the long term. Michel Tosto, head of Institutional Sales at Viet Capital Securities, spoke with VIR’s Phuong Nguyen about how Vietnam can bolster ongoing commitment from overseas investors.

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Chinese Taiwan allows importing Vietnamese dragon fruits

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Báo điện tử CP English 2 week(s) ago

Chinese Taiwan allows importing Vietnamese dragon fruits

VGP – Taiwan (China) has announced that it allows the imports of Viet Nam’s dragon fruits from June 1, according to the Plant Protection Department, under the Ministry of Agriculture and Rural Development on April 12.

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Keppel Land to buy over $22 million of bonds from Vietnam property firm

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Báo Thanh Niên English 3 week(s) ago

Singapore's property developer Keppel Land Limited has subscribed for VND500 billion (US$22.07 million) worth of convertible bonds issued by Vietnamese real estate company Nam Long Investment Corporation.

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Thang Long GTC offers to buy Casino’s stake in Big C Thang Long

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Báo Đầu Tư English 3 week(s) ago

Thang Long GTC offers to buy Casino’s stake in Big C Thang Long

Thang Long GTC Joint Stock Company, the Vietnamese partner in Big C Thang Long International Trade and Supermarket Service Company Limited, has just offered to buy the 65 per cent stake that Vindemia SAS, a Groupe Casino subsidiary, is holding in the joint venture.

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Fitch sets 5 Vietnam bank’s ratings

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Báo Dân Trí English 3 week(s) ago

Fitch sets 5 Vietnam bank’s ratings

Fitch Ratings has issued the long-term issuer default ratings (IDRs) on five Vietnamese banks.

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Food and beverage stocks lift VN markets

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Báo Đầu Tư English 3 week(s) ago

Food and beverage stocks lift VN markets

Vietnamese shares rose on both local exchanges this morning, led by the food and beverage sector.

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Banks take out int'l loans to meet long-term needs

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Báo Đầu Tư English 1 month(s) ago

Banks take out int'l loans to meet long-term needs

Some commercial banks have recently taken international loans to meet their long-term capital demands.

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