Vietnamplus

Thailand’s Kasikornbank (KBank) has has opened a branch in Ho Chi Minh City with an aim to linking trade and investment network with the Southeast Asian country.

The State Bank of Vietnam (SBV) has issued a written document allowing the Military Commercial Joint Stock Bank (MB) to establish a 100%-owned bank in Cambodia on the ground of its branch in Phnom Penh.

A 10.5 million USD project on building the second facility of the Vietnam Bear Rescue Centre was launched on July 15 at the Bach Ma National Park in the central province of Thua Thien – Hue’s Phu Loc district.

The Ho Chi Minh City branch of the State Bank of Vietnam has asked credit institutions to tighten the management on credit flow into the real estate sector and the transfer of money collected from real estate transactions abroad.

Strong construction activities in many different types of property and areas in Hanoi signal the strong recovery of the capital’s real estate market from this year onwards, according to CBRE Hanoi Branch Director Nguyen Hoai An.

Thai Vietjet accounts for 17.3 percent of Thailand’s aviation market share, ranking the second for the first time, according to the Civil Aviation Authority of Thailand (CAAT)'s air transport statistics for the fourth quarter of 2020.

The Anti-counterfeit Technology Centre (ACT) Vietnam officially launched its branch in Ho Chi Minh City on November 18, aiming to prevent counterfeit products and protect the rights of consumers and enterprises in the southern region.

Exports of several kinds of farm produce to China via Lao Cai border gate (the northern border province of Lao Cai) increased in the first quarter of this year despite the COVID-19 pandemic, said deputy head of the border gate’s customs branch Tran Anh Tu on April 1.

Daegu Bank of the Republic of Korea (RoK) is preparing to open a branch in Ho Chi Minh City after getting the green light from the State Bank of Vietnam (SBV).

Politburo member and head of the Party Central Committee’s Economic Commission Nguyen Van Binh said Vietnam needs huge investment in the energy sector and wants to attract world leading groups with experience and advanced technology such as the French oil and gas group Total.

Vietcombank is heading to Australia and could open for business in Sydney within the next 24 months.

A campaign to call for a hundred days without workplace accidents was launched in Ho Chi Minh City on September 27, aiming to raise awareness of safety, hygiene and efforts to prevent the mishaps.

Woori Bank, a subsidiary of the Republic of Korea’s Woori Financial Group, will open its new branch in Da Nang on October 18.

Ho Chi Minh City will create favourable conditions for Thai-based Kasikorn Bank (KB Bank) to open its branch in the city, the first of its kind in Vietnam, helping diversify local credit and banking activities, Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen has said.

Kookmin Bank of the Korean KB Group has opened its first branch in Hanoi on the 25th floor of Landmark72 building after receiving approval from the State Bank of Vietnam (SBV).

Vietnam Airlines on February 1 rolled out its new domestic route connecting the Mekong Delta city of Can Tho and the central city of Da Nang.

Ho Chi Minh City supports and creates optimal conditions for the Republic of Korea’s NongHyup Bank to open a branch in the southern largest economic hub of Vietnam, said a municipal official.

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) opened a new branch in the Lao capital of Vientiane on November 28, the second Lao branch the bank has opened since 2015.

The Vietnamese branch of Bangkok Bank has sought permission from the State Bank of Vietnam to increase lending growth cap after its lending expansion during the first half of 2018 neared the 15-percent annual limit.

The Asia America Gateway (AAG) undersea cable suffered from a breakdown, cutting off all international connections through the AAG-SH1 branch of the line, an internet service provider in Vietnam confirmed on June 16 afternoon.