Vietnam lucrative for foreign banks

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Báo Đầu Tư English 2 week(s) ago 1 related news

Last month, United Overseas Bank became the first Singaporean bank to receive an approval to open a wholly-owned subsidiary in Vietnam. The decision was announced by the State Bank of Vietnam (SBV) following Singaporean Prime Minister Lee Hsien Loong’s visit to Vietnam on March 21-24. The bank will be the ninth fully foreign-owned bank in Vietnam.

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Dong liquidity cools down

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Báo Đầu Tư English 2 week(s) ago

Liquidity of the Vietnamese dong in the banking system has shown signs of cooling down over the past week.

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Number of multi-level marketing businesses drop to half

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Báo Đầu Tư English 2 week(s) ago

The number of multi-level marketing businesses has halved to 37 by end of March, following Government crackdown over the past two years to ensure that they are operating correctly.

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Gov’t issues resolution on March regular meeting

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Báo điện tử CP English 2 week(s) ago

VGP – The Government has asked ministries, agencies, and localities to take drastic measures to promote production; speed up the privatization of SOEs; and ensure growth rates.

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VN wins two golds at Asian Youth Chess Championships 2017

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SaiGon GP English 2 week(s) ago

Vietnamese young chess player Pham Tran Gia Phuc yesterday defeated Indian competitor and Uzbekistan player in the U8 standard chess category to grab one more gold medal for Vietnam at the 2017 Asian Youth Chess Championships which was held in Tashkent, the capital city of Uzbekistan, from 31st March till 9th April 2017.
Vietnamese young chess player Pham Tran Gia Phuc

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Thousands of Vietnamese commemorate Hung Kings

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Báo điện tử CP English 2 week(s) ago

VGP - Thousands of Vietnamese people flocked to the Northern province of Phu Tho on Thursday to attend the Hung Kings Temple festival organized annually on the 10th day of lunar March.

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Novaland backs out of Sacombank restructuring project

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Báo Đầu Tư English 2 week(s) ago 1 related news

Novaland Group (NVL) on Wednesday said it would not participate in the restructuring of Saigon Commercial Joint Stock Bank (Sacombank) as planned previously, Thoi bao Kinh te Viet Nam (Vietnam Economic Times) has reported.

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Vietnamese ‘mVisa’ to come out later this year

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SaiGon GP English 2 week(s) ago

Visa Vietnam announced at the end of March that its mVisa, a quick response (QR) code-based payment service, will soon be expanded to merchants and consumers in 10 countries, including Vietnam.

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Saigon Railway to add more trains on Hung King's death anniversary

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SaiGon GP English 2 week(s) ago

Saigon Railway Transportation Company will offer a discount of 8-30 percent on train fares for passengers under preferential treatment policy are Vietnamese heroic mothers, children with disabilities, disabled people, war veterans, wounded soldiers, the elderly on the ocaasion of the death anniversary of the Hung Kings hich falls on lunar March 10 (on April 6).

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Phu Tho Province commemorates Hung Kings’ death anniversary

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SaiGon GP English 3 week(s) ago

A wide range of folk cultural activities and sport games marks the death anniversary of the Hung Kings at the Hung Kings Temple Festival in Phu Tho Province from April 1-6 (March 5-10 lunar calendar).

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City leader presents certificates of merit to surgeons

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SaiGon GP English 3 week(s) ago

HCMC Deputy chairwoman Nguyen Thi Thu yesterday presented certificates of merit to surgeons who performed successful operation on two neonates with inborn heart problem, the first of its kind in Vietnam and the fifth case in the world.

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Filipino firm eyes Sabeco stake

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Báo Đầu Tư English 3 week(s) ago 1 related news

San Miguel, the Philippines’ largest brewery corporation, is “evaluating and may bid” for Việt Nam’s Saigon Beer Alcohol Beverage Corporation (SABECO), company president Ramon Ang told Bloomberg reporters on March 31.

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Tesla overtakes giant Ford in US market value

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Báo Đầu Tư English 3 week(s) ago

CHICAGO: Tesla on Monday (Apr 4) became the second-largest US car maker in terms of market capitalisation, displacing Ford, whose sales lagged amid concerns about the ability of the US market to keep growing.

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Poor quality rice wine producers raided

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Báo Dân Trí English 3 week(s) ago

Thousands of litres of rice wine have been seized in just over two weeks since local authorities nation-wide carried out a raid on fake and poor quality spirits beginning on March 1.

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PM concludes Gov’t regular meeting

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Báo điện tử CP English 3 week(s) ago 4 related news

VGP – PM Nguyen Xuan Phuc tasked ministers and chairmen of provincial and municipal People’s Committees to directly resolve business and production obstacles and create the best conditions for development.

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