Wednesday, 17 September 2014
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Vietnamese flock to online shopping Vietnamese flock to online shopping

The growth of connected device ownership is causing a boom in the online retail sector, with the number of people making online purchases spiking in the last two years in Southeast Asia, particularly Viet Nam, global information company Nielsen said in a report last week.


Thien Thanh Company's assets blocked Thien Thanh Company's assets blocked

Da Nang's People's Committee has asked the provincial Departments of Justice, Natural Resources and Environment and Land Registry Office not to permit transfer of Thien Thanh Group Ltd Company's assets.


Proposed air route saves on time and fuel Proposed air route saves on time and fuel

Aviation companies can save on flying time and fuel if they are allowed to take the proposed Ha Noi-HCM City air route crossing the airspace of Laos and Cambodia.


Quoc named to Technology Review's under-35 innovators list Quoc named to Technology Review's under-35 innovators list

Le Viet Quoc has become the first Vietnamese person to be on the 2014 list of 35 Innovators under 35, selected by the Massachusetts Institute of Technology's Technology Review magazine.



Overdue debts touch $2.9 billion Overdue debts touch $2.9 billion

(Sep 16, 2014)

Overdue debts at credit institutions in Ha Noi reached VND61.3 trillion (US$2.9 billion), or 6.72 per cent of the total outstanding loans, by the end of August, Hanoimoi online reported.

SBV to refinance debt rescheduling for small farms

The State Bank of Vietnam (SBV) will refinance credit institutions that carried out debt rescheduling for ailing shrimp and tra fish households, farm owners and cooperative alliances.

Banks struggle to boost credit growth

Vietnamese banks are likely to promote lending programmes that hopefully will help them to either unleash idle capital or boost the sluggish credit growth toward the end of the year.

Lenders fail to jumpstart sluggish borrowing in August

Vietnamese banks are likely to promote lending programmes that hopefully will help them to either unleash idle capital or boost the sluggish credit growth toward the end of the year.

Vietinbank signs $50-million loan agreement with Taiwan banks

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) on September 10 signed a contract with four banks from Chinese Taiwan for a US$50-million syndicated loan.

External capital needed in struggle to resolve bad debts

A temporary source of capital outside Viet Nam's banking system is needed to resolve the rising problem of bad debts, according to experts.

Techcombank eyes sale of $33.8m in bad debts

The joint-stock Techcombank has been using all channels to improve its bad debt problem, and has sold VND800 billion (US$33.8 million) to the Vietnam Asset Management Company (VAMC) this year, according to a bank official.

OceanBank to install POS system in Mai Linh taxis

Ocean Commercial Joint Stock Bank (OceanBank) and the Mai Linh Taxi Group signed a co-operation contract under which OceanBank will install its POS system, which accepts international cards and domestic debit cards, on the group's taxis.

VietinBank dominates bank card market

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) is leading in credit card transaction revenues and the number of cards issued in Viet Nam.

Sacombank sets aside $119m preferential loans for clients

Sacombank has reserved VND2.5 trillion (US$119.05 million) in preferential loans for its business clients in a variety of lending areas.

HDBank offers zero- interest home loan

HDBank will offer preferential loans to customers buying apartments at Block A of the Ehome 5 project in HCM City.

Future bright for VN wood product exportsFuture bright for VN wood product exports

ONP-Viet Nam, a US company that manufactures wood products for exports, has been in Viet Nam since 2010. Patrick McNeal, its President and General Director, speaks to Viet Nam News about entering foreign markets and his company's experience with exports.

Myanmar Speaker visit set to bolster ties Myanmar Speaker visit set to bolster ties

Economic ties with Myanmar are expected to strengthen following the visit to Viet Nam by the Speaker of the National Assembly, Thura U Shwe Mann, earlier this month.

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