Business

VinaCapital: Banks in sights of foreign investors

One or two large foreign banks will increase their existing stakes or take on new holdings in Vietnamese banks after the relaxation of foreign ownership in domestic lenders, according to VinaCapital’s latest market commentary report.

Regulations on virtual money due by the end of 2017

PM Nguyen Xuan Phuc has assigned the Ministry of Justice in collaboration with a number of related ministries and agencies to make a draft decree on virtual money (expected to be completed in December 2017) and a draft decree

Tra fish exports could be hurt by false news: VASEP

Incorrect news broadcast by overseas media can hurt exports of tra fish this year, the Vietnam Association of Seafood Producers and Exporters (VASEP) has said.

Vietnamese firms ignorant about EU FTA

Up to 69% of Vietnamese exporters to the European market said that they only heard about the EU-Vietnam Free Trade Agreement (EVFTA) and were unaware of its content.

HCM City set to divest from 40 SOEs by year 2020

HCM City will have to divest from 40 State-owned enterprises (SOEs) between 2016 and 2020, reported cafef.vn.

Casino gambling to be permitted for local citizens

Vietnam will allow its citizens to gamble at two casinos as part of a three-year trial, according to the latest draft decree on the casino business submitted to the government.

French kiwifruit approved for import into Vietnam

The Vietnam Fruit and Vegetables Association has unveiled that fresh kiwifruit from France have been approved for import and will soon be hitting supermarket shelves across the country.

Vietnam fails to reach rice export target

Vietnam exported 4.8 million tonnes of rice in 2016, down nearly 2 million tonnes against 2015, failing to meet the annual target of 5.4 million tonnes.

FDI to Vietnam to increase, say officials

Foreign direct investment (FDI) inflow to Việt Nam is expected to increase in 2017, said Đỗ Nhất Hoàng, director of the Foreign Investment Agency under the Ministry of Planning and Investment.

Cash payment declines by 2% in 6 years

Cash as a mode of payment has declined in the country by 2 per cent in the past six years, from 14.02 per cent in 2010 to the current 12 per cent.

Vietnam Airlines pilot salaries revealed

The average salary of Vietnam Airlines’ pilots is VND115.3 million (USD5,220) a month, equal to that of pilots in Southeast Asia.

Multi-level marketing firm attempts to deflect accusations

Amway Vietnam said they had difficulties with administrative procedures after it was found out that they had failed to inform the authorities of changing business licence content.

Vietnam halts agricultural product imports from Indonesia

Vietnam has suspended the import of peanuts (Arachis hypogaea), cassiatora linn (Cassia spp.), cocoa seeds (Theobroma cacao) and beans (Phaseolus spp.) from Indonesia.

Top 500 Vietnamese enterprises in 2016 announced

The list of top 500 companies in Vietnam in 2016 was announced at a ceremony in Hanoi on January 19.

Japanese firms look for business opportunities in HCM City

Deputy chairman of HCM City, Le Thanh Liem received vice president of the Japan External Trade Organisation, Tatshuhiro Shindo, and a delegation of Japanese enterprises who came to seek investment opportunities in the city.

Microsoft & Saigion Innovation Hub to support startups

Microsoft Vietnam and the Saigon Innovation Hub (SIHUB) have signed a strategic partnership on supporting, training, consulting and implementing startup projects in the information technology sector.

Vietnam to debut first dairy fair

The Vietnam Dairy Association will collaborate with Vietnam Advertisement and Fair Exhibition JSC to hold Vietnam Dairy 2017, the first international festival about milk and milk products in Vietnam.

Vietnamese banks named among the largest in Asia Pacific

Seventeen Vietnamese banks have been named among the 500 strongest banks in Asia Pacific, according to a report released by the Asian Banker magazine.

Vietnam posts trade surplus of US$2.32 billion in 2016

Vietnam enjoyed a trade surplus of US$2.32 billion last year, according to the General Department of Customs, slightly lower than the initial estimate of US$2.68 billion made by the General Statistics Office.

Businesses significant to Vietnam-Japan strategic partnership: PM Phuc

PM Nguyen Xuan Phuc has highlighted the significant role of Vietnamese and Japanese businesses in promoting the strategic partnership between the two countries.

428 429430431 432