Business

PM approves Vinacomin capital sale to VPBank

Prime Minister Nguyen Tan Dung has approved in principles to allow the Vietnam National Coal and Minerals Industries Group (Vinacomin) to sell all of its charter capital at Vinacomin Finance Company (CMF) to Vietnam Prosperity Bank (VPBank).
Business

Bright outlook for insurance

Vietnam’s insurance market is expected to continue its 2011 growth rate, with an estimated 19-21 percent year-on-year increase in 2012, according to an industry official.