The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has registered to sell 7.6 million shares of the Vietnam Airlines Corporation, which is listed as HVN on the stock market.
After securing a berth in the final of the Asian Football Confederation (AFC) U23 Championship after beating Qatar, an Asian powerhouse, on January 23, Vietnam’s U23 received a number of rewards from organisations and individuals.
Vietnam’s commercial banks reported solid results for 2017 with the total after-tax profit estimated to grow 44.5 percent from the previous year, according to an independent report of the National Financial Supervisory Commission.
Vietcombank on November 20 was estimated to receive 15.2 million USD from selling its entire stakes in SaigonBank and Vietnam Cement Finance Company (CFC).
The central Da Nang city’s Investment and Development Fund has agreed to provide a 7.9 million USD loan to the Da Nang Port joint-stock company to upgrade and expand the Tien Sa Port.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) on October 20 appointed Thomas William Tobin as Retail Banking Director, the bank’s first foreign senior executive.
Telecommunications, IT and retail firms took the lead in terms of profitability last year on the list of Profit500 – the top 500 firms with the highest profits in Vietnam.
HCM City will need massive investment from the private sector if it is to meet its goals for transportation, flood control and other areas over the next three years.
A water supply development programme, including 11 projects invested by Saigon Water Corporation (Sawaco), will be implemented in HCM City to supply clean water for all households.
Electronic wallet (e-wallet) services are becoming more popular in Vietnam, with a number of new e-wallet services officially licensed in the last year and a half.
Some Japanese banks already operating in Vietnam have revealed their plans to expand investments, while others hope to make inroads into the market, according to Dau Tu (Investment) newspaper.
In light of recent widely reported cases of banking fraud related to automatic teller machine (ATM) transactions, the State Bank of Vietnam (SBV) has advised the public to remain calm and adhere to banks’ regulations, while urging the banks to plug security holes.
A Vietnamese delegation led by Prime Minister Nguyen Xuan Phuc left Hanoi on May 11 morning to attend the World Economic Forum on ASEAN (WEF-ASEAN) in Phnom Penh, Cambodia.
The Republic of Korea-based Samsung Fire & Marine Insurance (SFMI) signed agreements to become a strategic investor of Petrolimex Joint Stock Insurance Company (PJICO) and to acquire 20 percent stake in the Vietnamese insurer in Hanoi on May 5.
The State Bank of Vietnam (SBV) will work to maintain interest rate stability, enabling firms to access credit for their production and business, SBV Governor Le Minh Hung has said.
The central coastal province of Khanh Hoa is striving to tackle overload at the Cam Ranh International Airport, including calling for additional capital to complete the construction of its second runway.
A credit contract worth over 2.98 trillion VND (131.12 million USD) was signed on February 27 for the project on building a new international terminal at the Cam Ranh airport in Khanh Hoa.
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