SPECIAL

Forbes names Vingroup boss again in rich list Forbes names Vingroup boss again in rich list

Founder and chairman of Vietnamese firm Vingroup Pham Nhat Vuong has once again been named by American business magazine Forbes in the list of the richest persons on the planet.


PM reiterates Formosa's investment term while accepting mistakes PM reiterates Formosa's investment term while accepting mistakes

Prime Minister Nguyen Tan Dung has agreed to maintain an investment term of 70 years for the Taiwan-invested Formosa project in the central Ha Tinh Province.


More remittances to fund property purchases More remittances to fund property purchases

Viet Nam is expected to see rising remittances enter the property market, following the amended housing law that allows Viet Kieu (overseas Vietnamese) to own a house in the country.


Viet Nam's e-commerce revenue in 2014 touched $3b Viet Nam's e-commerce revenue in 2014 touched $3b

Business-to-customer (B2C) e-commerce in Viet Nam garnered a total revenue of US$2.97 billion in 2014, accounting for 2.12 per cent of the country's gross retail sales of goods.



BIDV to refinance $500 million for grid upgrade BIDV to refinance $500 million for grid upgrade

(Mar 27, 2015)

The Ministry of Finance has authorised BIDV to refinance US$500 million for improving the grid in key economic regions.

Forex market calms down after SBV pledges to stabilise rate

The foreign exchange (forex) market cooled down yesterday after the State Bank of Viet Nam (SBV) committed to keeping the exchange rate stable.

FIS to help LaoVietBank develop IT strategy

FPT Information System will become the main partner of LaoVietBank and help it implement its information technology strategies during the 2015 to 2020 period.

Malaysian bank gets SBV nod

The State Bank of Viet Nam approved in principle this week the establishment of Malaysia's Public Bank Berhad (PBB) in Viet Nam.

Vietcombank to finance Nghe An hydroelectric project

Vietcombank will lend the Nam Mo & Nam Non Hydropower Joint Stock Company VND360 billion (US$17.14 million) to build a hydroelectric plant in Nghe An Province.

Maritime Bank and MDB set to merge

State Bank of Viet Nam (SBV) Governor Nguyen Van Binh last week approved in principle the merger of the Maritime Bank and the Mekong Development Bank (MDB).

Not a good time, say banks as central bank urges listing

Although the State Bank of Viet Nam has been pushing joint stock banks to list on exchanges, the progress has remained slow.

ATM to be built on developing island Ly Son

The Agriculture and Rural Development Bank of Viet Nam (Agribank) will build the first Automated Teller Machine (ATM) on Ly Son Island.

South Korea's Shinhan Bank opens HCM City branch

South Korea's Shinhan Bank Viet Nam opened a branch in the HCM City's District 5 on March 19.

BIDV funds new Vissai cement factory

The Bank for Investment and Development of Viet Nam (BIDV) has approved a loan for the Vissai Cement Group worth VND6.3 trillion ($296 million) to build a cement factory in the central province of Nghe An.

FDIs in VN mostly served by foreign banks

Foreign bank's branches are servicing most of the customers, who are foreign direct investors in Viet Nam, the Dau tu (Vietnam Investment Review) online, reported.

BIDV-MetLife JV launches new productBIDV-MetLife JV launches new product

BIDV MetLife—a joint venture (JV) between Vietnam's leading bank BIDV and U.S. life insurer MetLife—have launched Gia An Toan Mt (EduCare), an innovative child education savings insurance product.

PPP decree to attract investmentPPP decree to attract investment

The Tendering Management Department under the Ministry of Planning and Investment introduced a decree, governing private-public-partnership (PPP) projects in Viet Nam yesterday, at a meeting in Ha Noi.

Salt producers count their losses Salt producers count their losses

Salt producers in coastal Mekong Delta provinces have incurred losses since salt prices have gone plummeted in the past month.

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