KEB Hana named strategic shareholder of BIDV Business

KEB Hana named strategic shareholder of BIDV

KEB Hana Bank of the Republic of Korea (RoK) has become a strategic shareholder of the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), helping the latter to have the biggest charter capital among Vietnamese banks.
Vietnamese, Japanese firms cooperate in LNG & Gas research Business

Vietnamese, Japanese firms cooperate in LNG & Gas research

A memorandum of understanding (MoU) on cooperation in researching in the field of liquefied natural gas (LNG) and gas in Vietnam was signed between the Vietnam National Petroleum Group (Petrolimex) and the JXTG Tsutomu Sugimori Group of Japan in Hanoi on July 1.
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.
PM pledges optimal conditions for Japanese MUFG Bank in Vietnam Business

PM pledges optimal conditions for Japanese MUFG Bank in Vietnam

The Vietnamese Government is committed to creating the best conditions for foreign firms, including MUFG Bank, to operate in Vietnam, stated Prime Minister Nguyen Xuan Phuc at a meeting with Kanetsugu Mike, President and CEO of the Japanese largest bank in Hanoi on February 22.
Many investors interested in equitisation of Vinalines Business

Many investors interested in equitisation of Vinalines

Many investors have shown their keen interest in the equitisation of the Vietnam National Shipping Lines (Vinalines) as the country’s biggest sea transport company plans to hold their initial public offering (IPO) in early September.
Prison sentences proposed for defendants at OceanBank-PetroVietnam trial Society

Prison sentences proposed for defendants at OceanBank-PetroVietnam trial

A prison term from 18 to 19 years has been proposed for Dinh La Thang, former Chairman of the Vietnam National Oil and Gas Group (PetroVietnam), who was accused of wrongdoings in the group’s investment of 800 billion VND (over 35 million USD) into the Ocean Commercial Joint Stock Bank (OceanBank).
Nutifood invests in Dak Lak hi-tech agriculture Business

Nutifood invests in Dak Lak hi-tech agriculture

The Vietnam Nutrition Food JSC (Nutifood) on May 11 signed a cooperation agreement with the provincial People’s Committee of Dak Lak to invest more than 1 trillion VND (44.1 million USD) in high-tech agriculture.