Banks post strong performances in first 9 months
Many banks have reported good business performance in the first nine months of the year thanks to decreasing provision costs and rising income from services.
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Many banks have reported good business performance in the first nine months of the year thanks to decreasing provision costs and rising income from services.
VinFast Trading and Production Limited Liability Company (VinFast) has entered into a 950 million USD financing agreement guaranteed by Euler Hermes and the German Export Credit Agency (ECA) to support the country’s first automotive and motorcycle manufacturing complex, Vinfast announced in its press release.
Success of foreign banks in Vietnam has been fueling the volume of capital poured into the sector, while these banks are changing their operations to grow.
Prime Minister Nguyen Xuan Phuc has reprimanded Deputy Minister of Information and Communications Pham Hong Hai as a disciplinary measure for his violations in the case regarding MobiFone’s purchase of 95 percent of the shares of AVG Audiovisual JSC.
Experts forecast that the Vietnamese economy will grow by more than 6.8 percent in the last half of this year at the Forbes Vietnam Business Forum 2018 held in Ho Chi Minh City on July 26.
Vietnam now has more than 13 million 4G users after over a year of the service's deployment, accounting for about 30 percent of the total number of mobile phone subscribers.
The Inspection Commission of the Party Central Committee on June 30 announced the outcomes of its 27th session, including conclusions on wrongdoings at a number of Party organisations.
Representatives of MobiFone and Vietnam Multimedia Corporation (VTC) have proposed the Ministry of Information and Communications (MIC) to consider scratch card payment for digital content services.
The Party Central Committee’s Inspection Commission announced on June 2 violations in the purchase of 95 percent of shares at the AVG Audiovisual JSC by the MobiFone Telecommunications Corporation.
Vietnam has actively participated in forums and meetings of the Asia-Pacific Telecommunity (APT) Wireless Group, heard the 23rd meeting of the APT Wireless Group (AWG-23) which opened in the central city of Da Nang on April 9.
HSBC will continue to boost sustained investment in Vietnam, which has become an important market for the bank, Chief Executive Officer of HSBC Vietnam Pham Hong Hai told the Vietnam News Agency.
Foreign investors have poured nearly 1.5 trillion USD in Vietnam’s finance, banking and insurance sectors as of the end of January, according to statistics from the Foreign Investment Agency under the Ministry of Planning and Investment.
The equitisation of the Vietnam Post and Telecommunications Group (VNPT) in 2018 was discussed at a meeting of the Ministry of Information and Communications in Hanoi on January 23.
All 11-digit mobile phone numbers in Vietnam will be changed to 10-digit numbers in 2018, said Pham Hong Hai, Deputy Minister of Information and Communications.
Further improving the business environment and facilitating the private sector’s development were part of the focus at the Vietnam Business Forum.
A workshop, themed “intelligence security in the smart connected world”, opened in Hanoi on December 1, as part of activities marking the Vietnam Information Security Day 2017 event.
Vietnamese agencies, businesses and organisations are constantly innovating and experimenting with the latest technologies, making every effort to keep themselves up-to-date.
Vietnam’s economy is well positioned for growth in international trade and will continue to experience high growth over the next three to five years.
