SBV set to rank local banks, credit institutions Business

SBV set to rank local banks, credit institutions

The State Bank of Vietnam (SBV) will rank credit institutions and foreign bank branches operating in the country in a move to ensure the safety of the banking system and protect legitimate rights of depositors.
Phu Tho province puts an end to billion-USD project Business

Phu Tho province puts an end to billion-USD project

The northern province of Phu Tho has terminated an eco-residential area, resort and sports project worth about 1.5 billion USD in Tam Nong district, citing the investor’s weak capacity as the reason for this decision.
An Giang attracts over 1 billion USD in investment in 10 months Business

An Giang attracts over 1 billion USD in investment in 10 months

The Mekong Delta province of An Giang has attracted 78 projects with total registered capital of 24.8 trillion VND (1.06 billion USD) in the first 10 months of the year, a year-on-year increase of 6.85 percent in the number of projects and 2.97 times in capital, according to the provincial Department of Planning and Investment.
RoK’s Lotte Group wants to expand investment in Hanoi Business

RoK’s Lotte Group wants to expand investment in Hanoi

Chairman of the Hanoi People’s Committee Nguyen Duc Chung had a working session on December 3 with the Republic of Korea’s Lotte Chairman Shin Dong-bin on the group’s business results in 2018 and its plan to expand investment in the capital city in the time to come.
Party economic commission head receives Japanese SMBC leader Business

Party economic commission head receives Japanese SMBC leader

Politburo member and Head of the Party Central Committee’s Economic Commission Nguyen Van Binh hosted a reception in Hanoi on November 23 for Chairman of the Board of Japan’s Sumitomo Mitsu Financial Group (SMFG) and Sumitomo Mitsu Banking Corporation (SMBC) Koichi Miyata.
Vietnam commits to improving investment environment: PM Business

Vietnam commits to improving investment environment: PM

The Vietnamese Government commits to building a more favourable and competitive investment environment towards international standards and in accordance with commitments to high standards the country has made in new-generation free trade agreements (FTAs), said Prime Minister Nguyen Xuan Phuc on October 4.
Real estate sees rise in M&A deals Business

Real estate sees rise in M&A deals

Since the Investment Law took effect in July 2015, Vietnam’s FDI inflows, and the real estate sector in particular, have significantly increased in terms of merger and acquisition (M&A) activities.