SeABank wins dual international awards

The Southeast Asia Joint Stock Commercial Bank (SeABank) has been deemed the “Best Corporate Services Bank” in Vietnam for 2015 by the UK-based International Finance Magazine (IFM), the Lao Dong Newspaper reported on July 16.
The Southeast Asia Joint Stock Commercial Bank (SeABank) has beendeemed the “Best Corporate Services Bank” in Vietnam for 2015 by theUK-based International Finance Magazine (IFM), the Lao Dong Newspaperreported on July 16.

SeABank was selected basedon assessments of its financial indicators, business scale, network andbanking services alongside its contributions to the local financialmarket.

Le Thu Thuy, Standing Deputy Chairman ofthe SeABank Board of Directors, was also honoured with an IFM title forthe “Best Young Female Banking Leader”.

The IFMawards shine a spotlight on individuals and organisations who make asignificant difference and add value to raise the bar in the financialindustry locally and globally.-VNA

See more

Can Tho, Belarus eye trade, investment opportunities

Can Tho, Belarus eye trade, investment opportunities

Belarusian Consul General in Ho Chi Minh City Alexander Sidoruk said his working visit to Can Tho city exposes ample untapped economic potential. The Belarus side brings strengths in exporting fertilisers, crop protection chemicals, agricultural equipment, and high-tech products, and is interested in importing Vietnamese rice, coffee, rubber, seafood, and dairy products.

Retail fuel prices are simultaneously reduced from 15:00 on May 14. (Photo: VNA)

Retail fuel prices cut from May 14 afternoon

Retail fuel prices were simultaneously reduced from 15:00 on May 14 following the latest adjustment by the Ministry of Industry and Trade (MoIT) and and the Ministry of Finance, with E5RON92 biofuel recording the sharpest decline.

A chip assembly and testing plant of Intel at the Saigon Hi-Tech Park in Ho Chi Minh City (Photo: VNA)

Intel deepens engagement in Vietnam’s semiconductor industry

According to the Saigon Hi-Tech Park (SHTP) management board, Intel has relocated part of its production line from Costa Rica to SHTP as part of its global manufacturing restructuring strategy aimed at improving efficiency and competitiveness.

A customer purchase E10 biofuel petrol at a PVOIL filling station on Thai Thinh street in Hanoi. (Photo: VNA)

Biofuel ready for nationwide rollout

For biofuels, particularly E10, to develop successfully, stronger and more coordinated policies are needed, especially pricing mechanisms capable of creating a sufficiently attractive gap between E10 and mineral-based petrol, an expert has said.

An automobile assembly line of the THACO Truong Hai Group in Da Nang. (Photo: VNA)

Da Nang promotes investment attraction to achieve over 11% growth

Da Nang's foreign direct investment (FDI) attraction showed strong growth, reaching 237.7 million USD, double the level recorded a year earlier. The city granted licences for 47 new FDI projects, approved capital adjustments for 16 projects and recorded 10 transactions involving capital contributions and share acquisitions in economic organisations.

Deputy Prime Minister Nguyen Van Thang speaks at the forum. (Photo: vneconomy.vn)

Vietnam pivots to selective, high-quality FDI attraction for sustainable growth: Deputy PM

The FDI sector remains a key pillar of Vietnam’s economy, with more than 46,500 valid projects and total registered capital exceeding 543 billion USD so far. Disbursed capital has reached around 357.6 billion USD. The FDI sector contributes over 20% of GDP, accounts for around 70% of total export turnover, and creates jobs for millions of workers. Vietnam continues to rank among ASEAN’s leading FDI destinations despite global investment slowdowns.