Saturday, 19 April 2014
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Viet Nam to become jeans production hub: Jeanologia Viet Nam to become jeans production hub: Jeanologia

Spanish company Jeanologia, which specialises in developing sustainable technologies for garment finishing, wants to make Viet Nam a global hub of jeans production.


Vietnam Airlines makes plans for September IPO Vietnam Airlines makes plans for September IPO

The State-owned flag carrier plans to launch its initial public offering (IPO) in September, stated Deputy Minister of Transport Nguyen Hong Truong during the ministry's Q1 meeting.


Big banks to raise charter capital in positive move Big banks to raise charter capital in positive move

While some small commercial banks failed to raise their charter capital last year, some major lenders have already approved adding millions of US dollars to their charter capital this year.


Gov't gives the go-ahead for telco giant split ahead of IPO Gov't gives the go-ahead for telco giant split ahead of IPO

The Government has approved a proposal from the Ministry of Information and Communications (MIC) to separate service providers under the Viet Nam Post and Telecommunication Group (VNPT) in preparation for their equitisation.



Standard Chartered appoints new CEO for ASEAN markets Standard Chartered appoints new CEO for ASEAN markets

(Apr 17, 2014)

Veteran banker Lim Cheng Teck will assume the role of chief executive officer (CEO) for Standard Chartered Bank's ASEAN markets on May 1, announced the bank.

Mekong Development Bank shareholders approve merger plan

The Mekong Development Bank's shareholders' meeting on April 15 adopted a plan for it to merge with a credit institution.

Banking scam trial postponed

The Ha Noi People's Court yesterday decided to postpone the trial of Nguyen Duc Kien, former vice chairman of the founding council of the Asia Commercial Bank (ACB), because one of his alleged eight accomplices was absent due to poor health.

Good practices earn firms low-cost loans

Companies with transparent finances, profitability and potential projects may avail of dong loans at 6 – 7 per cent interest, the State Bank of Viet Nam's (SBV's) weekly revealed on Monday.

Kien Long plans 10% dividend in 2014

The Kien Long Bank's shareholder meeting in the southern Kien Giang Province on Tuesday decided that this year's dividend rate would be between 9 and 10 per cent.

VIB feeling bullish about 2014 profits

Viet Nam International Bank expects to quadruple its last year's pre-tax profits to achieve VND323 billion (US$15.38 million) this year, according to bank reports.

Vietinbank aims for Vinalines ports stake

Vietinbank, the second-largest bank by assets, would like Viet Nam National Shipping Lines (Vinalines) to name it as a strategic investor at member ports after the initial public offerings (IPO).

SHB to issue additional shares to raise equity

The Sai Gon–Ha Noi Bank plans to raise its equity by nearly 25 per cent to VND11.08 trillion, or $527.62 million, this year.

ACB to pay $30 million in cash dividends

Asia Commercial Bank (ACB) plans to make about VND1.2 trillion, or US$57.15 million, in pre-tax profits this year, up 15 per cent over last year.

OceanBank offers low rate loans to builders

OceanBank will lend VND1 trillion to construction enterprises at 8.5 per cent annual interest rate or 2 to 3 per cent lower than the normal interest rate.

Vietinbank may acquire Petrolimex's PGBank

PGBank, a small in-house bank of Petrolimex, may sell 99 per cent of its stake to the second-largest bank by assets, Vietinbank, as part of its restructuring process.

MASkargo expands cargo network to Ha NoiMASkargo expands cargo network to Ha Noi

MASkargo launched its first A330-200 freighter flight to Ha Noi on April 16, two years after its twice-weekly service to HCM City's Tan Son Nhat International Airport.

Chartered accountants abide by code of ethicsChartered accountants abide by code of ethics

Martin Turner, president of the Association of Chartered Certified Account-ants Global, shares his views with Viet Nam News on the code of ethics and standards in accounting as well as career orientation and professional development in the fields of accounting and auditing.

First Vietnamese caravan finished off-road trip to Tibet and Mount Everest First Vietnamese caravan finished off-road trip to Tibet and Mount Everest

The first Vietnamese caravan team finished its 6,000km auto trip from HCM City to Tibet and Mount Everest base camp on Sunday. Autodaily introduced a series of photos taken by the team members.

City leads partnership to develop supply chain City leads partnership to develop supply chain

In the first quarter HCM City signed off on co-operation deals with southern and Mekong provinces to enable its businesses to invest in projects and create supply chains in those places.

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