Foreign investment in banking sector to surge Business

Foreign investment in banking sector to surge

The improved business performance of Vietnamese banks and a Government regulation to require local banks to meet stricter capital regulations as part of Basel II standards is spelling the start of a wave of foreign investment into the country’s finance and banking sector in 2019, experts said.
Auto imports in January 46 times higher than last year Business

Auto imports in January 46 times higher than last year

Vietnam imported nearly 11,700 cars worth more than 273 million USD in the first month of 2019, marking the fifth consecutive month with a volume of at least 10,000 units, according to statistics from the General Department of Vietnam Customs.
Vietnam – one of best investment havens: PM Politics

Vietnam – one of best investment havens: PM

Prime Minister Nguyen Xuan Phuc chaired a dialogue with executives of nearly 40 multinational groups in Davos, Switzerland, on January 23 (local time), an activity within the framework of the ongoing World Economic Forum (WEF) Annual Meeting 2019.
UK investor plans offshore wind farm in Binh Thuan Business

UK investor plans offshore wind farm in Binh Thuan

The proposed offshore wind power project in the south central province of Binh Thuan will have a designed capacity of 3,400 MW and require total investments of nearly 12 billion USD, UK developer Enterprize Energy said.
Hanoi secures 6.5 billion USD in FDI projects Business

Hanoi secures 6.5 billion USD in FDI projects

The capital city of Hanoi has become the most attractive locality for foreign direct investment (FDI) in Vietnam for the first time, with total registered capital estimated at 6.5 billion USD.