vietnam business news

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Vietnam’s investment arm SCIC to sell state stakes in 108 firms

The Vietnamese government’s investment arm State Capital Investment Corporation (SCIC) has announced the list of 108 state-owned enterprises (SOEs) subject to divestment in 2019, Vietnam Finance reported.

 

Vietnam’s local currency bond market returns to upward trend in Q1

Vietnam’s local currency (LCY) bond market reached a size of VND1,193 trillion (US$51 billion) at the end of March, up a marginal 0.7% quarter-on-quarter, a reversal from the 5% quarter-on-quarter contraction in the last quarter of 2018.

 

Newcomer Bamboo Airway’s expansion stirs up Vietnam’s aviation market

That Bamboo Airways has received a green light from Vietnam’s Ministry of Transport to increase its fleet to 30 aircraft by 2030 is making the competition among domestic carriers inevitably fiercer as the airlines vie for market share.

Samsung withdraws from China, Vietnam emerges as next destination

Samsung repeatedly affirmed that Vietnam is its largest global strategic base not only for production but also for research and development.

 

Chairman of Nam A Bank to relinquish post over family disputes

Nguyen Quoc Toan, chairman of Nam A Commercial Joint Stock Bank and son of the bank’s late, female founder Tran Thi Huong alias Tu Huong, plans to relinquish his post to help solve his family’s asset disputes.

Major retailers take Asanzo products off shelves

Several major retailers of mobile phones and home appliances have taken Asanzo-branded items off their supermarket shelves, after Asanzo Vietnam was discovered trading Chinese electronic products bearing Made-in-Vietnam labels.

 

VN banks boost retail lending for solar energy

Banks in Vietnam race to offer loans for household solar energy projects, using low interest rates and long repayment periods as incentives.

 

BUSINESS NEWS 25/6

HCM City’s retail, service revenues reach US$ 19.8 bln in first five months of 2019

National Australia Bank Limited stops working in Vietnam

National Australia Bank Ltd.'s five-year presence in Vietnam comes to an end as the State Bank of Vietnam (SBV) decided to revoke the license of its representative office in the country.

 

Vietnamese people aiming for a cashless society

June 16 has been chosen as “Cashless payment day”. Aiming at a non-cash payment society, many attractive promotions are offered to create a habit of not using cash for Vietnamese people.

Asanzo discovered selling Chinese products bearing made-in-Vietnam labels

Electronic products from Asanzo Vietnam, known as an electronics manufacturer supplying high-quality Vietnamese products in the local market, have been discovered to be Chinese goods being sold as Vietnamese products.

 

Vietnam, a rising star in wood exports

With its abundant potential in wood processing, Vietnam is emerging as a major exporter of finished wood products in the global wood market. 

Foxconn to invest in television assembly factory in Quang Ninh

Once the television assembly factory of Foxconn in the northern province of Quang Ninh comes into operation, it will generate 3,000 jobs and become a basis for its continued expansion.

 

Bamboo Airways to open aviation academy in Binh Dinh

Bamboo Airways will start building an aviation academy this year to improve its human resource management.

 

Vietnam still faces rice export difficulties

Vietnam's rice export industry is trying to find new customers as exports to China, the country’s biggest customer, dropped.

 

Will Vietnam become a new global factory?

Some have opined that spurred by the Sino-American trade war, Vietnam is likely to become a new world’s factory in place of China. Nevertheless, it is the quality of that factory which counts, argue many economists.

Concerns persist over taxation of foreign e-commerce firms

The passing of the amended Law on Tax Management by the National Assembly is expected to improve the taxation on e-commerce activities.

BUSINESS NEWS 24/6

Supermarkets develop their own brand products

Vietnam to develop cattle breeding, say officials

Vietnam’s agricultural sector will focus on developing cattle, poultry and aquatic breeding to compensate for a shortage of pork which is expected...

Linking SMEs with necessary financing

Supply chain finance is gaining prominence as the global trade instability brings attention to Vietnam and domestic companies seek opportunities to partner with multinational buyers.