Business

Commercial banks begin merger process

Eximbank (EIB) and Sacombank (STB) on January 29 signed a five-year cooperation agreement which will pave a way for a likely merger between two of the biggest commercial banks in Vietnam.
Business

Vietnam Airlines plans public offering next year

The national flag carrier Vietnam Airlines is planning to make its initial public offering (IPO) by the end next year, under a restructuring plan submitted to the Ministry of Transport earlier this week.
Business

Clothing trade needs better service centres

Vietnam 's textile and garment businesses should develop their service centres, especially the industry's small- and medium-sized enterprises (SMEs), participants were informed at a workshop held in Hanoi on Oct. 20.


Business

Finance group proposes SOE restructure

The majority of State-owned enterprises (SOEs) should be transformed into joint stock companies in order to reduce State subsidies while sharpening their competitiveness, the Vietnam Association of Financial Investors (VAFI) has suggested.
Business

Greek credit rating sours markets

Moody's downgrading of Greece's credit rating overnight helped snap a modest five-day rally on the HCM Stock Exchange on June 15, sending the VN-Index off by 0.06 percent to a close of 508.01 points.