Int'l arrivals on the rise Int'l arrivals on the rise

International visitors to Viet Nam in August reached an estimated 665,000, surging 12 per cent against last month and 7.5 per cent against the same period last year, data from the General Statistics Office (GSO) revealed.

PM assigns ACV to be investor of Long Thanh Airport PM assigns ACV to be investor of Long Thanh Airport

Prime Minister Nguyen Tan Dung has asked the Airport Corporation of Viet Nam (ACV) to be investor of the Long Thanh International Airport in the southern Dong Nai Province.

SBV devalues dong by another 1% SBV devalues dong by another 1%

The State Bank of Viet Nam unexpectedly devalued the dong by another one per cent this morning, its third currency depreciation this year.

Businesses in the dark on Trans Pacific Partnership Businesses in the dark on Trans Pacific Partnership

While trade ministers struggle to hash out a final agreement on the ground-breaking Trans-Pacific Partnership (TPP), Vietnamese companies are largely in the dark about the pact's potential benefits and drawbacks, business surveys have found.

TPBank receives award for innovative practices from int'l magazine TPBank receives award for innovative practices from int'l magazine

(Aug 31, 2015)

TPBank has won the Most Innovative Digital Bank in Viet Nam 2015 award from Global Financial Market Review (GFM), a well-known international magazine with more than 40 million readers.

Five more banks to guarantee property investors

The central bank named five more banks on August 27 that qualify for guaranteeing property investors, following issuance of regulations on the realty trading law.

Central bank assurance calms forex market

After hovering at the ceiling rate set by the State Bank of Viet Nam for three days, the dollar pulled back a little on Thursday after the central bank promised no more devaluation is in the offing, with almost all banks reducing their selling rate by VND25-35

DongA Bank has new chairman

DongA Bank elected a new chairman today.

Standard Chartered launches mobile wallet

Standard Chartered Bank has partnered with M_Service JSC, which operates the MoMo mobile wallet service, to launched its Straight2Bank Wallet payment service in Viet Nam, which enables businesses and organisations to transact with both banked and unbanked individuals.

BIDV signs MoU with Kyoto Bank to service Japanese businesses

Japan's Kyoto Bank and BIDV have inked a memorandum of understanding for offering banking services to Japanese businesses and investors in Viet Nam.

DongA Bank allowed to name new boss as central bank changes mind on outsider

The DongA Bank management has nominated deputy general director Nguyen An to run the bank until a permanent replacement is identified for its sacked general director.

SBV to hold exchange rate steady

The State Bank of Viet Nam has said it would hold the exchange rate steady till the end of the year and also in the early months of 2016.

Credit firms struggle to retrieve collateral

While handling pledged assets was considered an effective tool for credit institutions to retrieve debts and reduce non-performing loans, gaps in regulation have been hindering progress on this front, experts said during a seminar in Ha Noi last week.

Agribank offers businesses $887m credit package

The Viet Nam Bank for Agriculture and Rural Development (Agribank) has decided to provide a credit package worth VND20 trillion (US$887 million) with a preferential interest rate for businesses. 

Banks run out of credit quotas

Many large-sized commercial banks have no scope for credit growth in the last months of the year, as they have used nearly all the quota allowed by the central bank.

VINECO constructs $44.45 million greenhouse system in Vinh PhucVINECO constructs $44.45 million greenhouse system in Vinh Phuc

VINECO, a subsidiary of Vingroup, kicked off construction of the first greenhouse system, valued at VND1 trillion (US$44.45 million), in the northern Vinh Phuc province on August 28.

Viettel eyes global status in telecomsViettel eyes global status in telecoms

Viettel has become the biggest telecom company in Viet Nam 15 years after it was established and has been one of the country's few successful investors abroad. Viet Nam News speaks with Tong Viet Trung, vice president of Viettel Group, about the company's business and social responsibility.

Crab prices fall to their lowest in decades Crab prices fall to their lowest in decades

Crab breeders in the Mekong province of Ca Mau are worried about imminent losses due to the relentless fall in the prices of the crustacean. The main reason for the 30-40 per cent price decline in recent months is that Chinese traders have stoppedbuying.

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