SPECIAL

LienVietPostBank to fund macadamia project LienVietPostBank to fund macadamia project

A seminar is inaugurated today in the Da Lat City to introduce a roadmap for the implementation of a macadamia cultivation project in the Central Highlands region.


Currency shops overcharge for lucky money Currency shops overcharge for lucky money

Currency changers are taking advantage of the Tet occasion to charge exorbitant fees for crisp, newly minted notes, despite the State Bank of Viet Nam (SBV)'s warning that it is a violation of law, Tuoi Tre newspaper reported.


SBV to acquire Viet Nam Construction Bank SBV to acquire Viet Nam Construction Bank

The State Bank of Viet Nam announced on February 2 that it will acquire all the equity of the Viet Nam Construction Bank as part of banking reforms.


German media firm to invest in Coc Coc German media firm to invest in Coc Coc

Germany's Hubert Burda Media announced on February 4 that it will invest in Vietnamese web browser and search engine Coc Coc.


Businesses hope for State reforms in 2015 Businesses hope for State reforms in 2015

(Feb 26, 2015)

The local business community in Viet Nam is hoping that this will be breakthrough year in terms of reforming economic institutions and administrative procedures. Vu Tien Loc, chairman of the Viet Nam Chamber of Commerce and Industry (VCCI) spoke to the Vietnam News Agency about these issues.

Administration reform be necessary for FDI growth in 2015

According to the Ministry of Planning and Investment, foreign investors seeking to invest US$20.2 billion in Viet Nam have experienced a 19 per cent increase over the $17 billion target. Biz Hub reporter Lan Dung talks with Nguyen Mai, chairman of the Viet Nam Association of Foreign Invested Enterprises (VAFIE), about the current state of FDI in the country, as well as projections for 2015.

Incentives needed to drive auto industry

The Chairman of the joint stock automaker Vinaxuki, Bui Ngoc Huyen, shared with the Vietnam News Agency reporter Duc Dung his opinions on the Government's policies on land, technological transfer, and long-term, low-interest-rate loans to stimulate the automobile spare parts manufacturing business.

Thang Long Cement strives to become a sector leader

Shifting from debt in 2012, Thang Long Cement JSC produced 2.48 million tonnes of cement and clinker last year to post a year-on-year growth before interest and taxes of estimated 30 per cent. The company has set a goal of becoming a leading cement group in Viet Nam by 2030. Viet Nam News spoke to Mukhamad Saifudin, general director of Thang Long Cement JSC, about this target.

In-depth monetary market management

The word "belief" has cropped up often during the recent months when one talks about the monetary market and the management policies by the State Bank of Viet Nam (SBV).

Viet Nam moving in the right direction

Standard Chartered Bank recently released a report called Global Research 2015 – The Year Ahead, Rekindling the Animal Spirits, which also takes a look at Viet Nam's economic and financial outlook, growth, FDI prospects, trade and interest rate.

Viet Nam News spoke with the bank's economist, Betty Rui Wang, about these issues.

Circular will revamp stock market

Since its issuance late last year, Circular 36/2014/TT-NHNN, which set limits on how much banks can lend to stock investors, has had a strong impact on both credit institutions and the securities market. Investors fear that the total amount available for margin loans will drop dramatically after the Circular takes effect on February 1.

Urban property market set for a good year

The domestic real estate market is likely to warm up this year, with the amended Housing Law allowing foreigners to buy property. Viet Nam News reporter To Hang talked with economic expert Nguyen Tri Hieu about this issue as well as the most promising segments in the property market.

Vietnamese firms need long-term vision

In 2014, the Government took the initiative to speed up restructuring of State-owned enterprises, but it also needs to strengthen its focus on another pillar of the economy, the private sector, which is key to the nation's future sucesss, says Wendy Jo Werner, the World Bank Group's Practice Group Manager on Trade and Competitiveness for the East Asia and Pacific region.

Intelligent transport system imperative for crowded HCM City: study

Siemens and consulting firm Arup recently presented a study on intelligent transportation system, which shows how intelligent infrastructure can help cities address rising demand for transport, and at the same time offer transport networks better protection against extreme weather events. Viet Nam News speaks with Siemens Vietnam President and CEO Dr Thai-Lai Pham about the study.

Vissai aims to grow into a global brand

The Vissai Cement Group will make its first shipment of the year to Bangladesh this month, crossing the 10 million tonnes export mark after four years. Founded in 2004, Vissai has five cement plants with a total capacity of 7.5 million tonnes of clinker per year. Its products have been exported to 30 countries and territories. CEO Hoang Manh Truong spoke to Viet Nam News about his desire to develop Vissai into a global brand.

Malaysia school holds information event in HCM CityMalaysia school holds information event in HCM City

Marlborough College Malaysia (MCM), the first fully co-educational and independent British boarding and day school in Malaysia, has announced that an information afternoon will be organised in HCM City on March 8 from 3pm to 5pm.

Businesses hope for State reforms in 2015Businesses hope for State reforms in 2015

The local business community in Viet Nam is hoping that this will be breakthrough year in terms of reforming economic institutions and administrative procedures. Vu Tien Loc, chairman of the Viet Nam Chamber of Commerce and Industry (VCCI) spoke to the Vietnam News Agency about these issues.

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.

Banking credit seen growing 13-15% in 2015 Banking credit seen growing 13-15% in 2015

Banking credit is expected to grow by 13-15 per cent this year, 1 per cent higher than last year. The target is based on this year's GDP target of 6.2 per cent.

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