vietnam business news

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Field opens up for bigger M&A deals

Driven by momentum in growth, Vietnam’s mergers and acquisitions market is expected to continue its strong focus on the sectors of consumer goods, retail, realty, and banking in the months to come.

Ride-hailing vehicles to be managed by technology?

App-based ride-hailing vehicles may be managed by technology, instead of having to install a light box on top as proposed by the Ministry of Transport (MoT) earlier.

 

Vinalines sells old ships to restructure fleet

The Vietnam National Shipping Lines (Vinalines) plans to sell 11 old vessels with total tonnage of more than 230,000 tonnes this year.

Vietnam retail sales hit US$120 billion in seven months

The retail sales of goods and services totaled VND2.804 quadrillion (US$120.57 billion) during the first seven months of this year, a leap of 11.6 per cent on year, according to the General Statistics Office of Vietnam.

 

In Vietnam, the banking sector has the highest salary

According to audited financial reports 2018 from 20 Vietnamese banks, the average monthly income of banking employees in 2018 were VND12.37 million-34 million (USD521.73-1,478).

 

Vietnam banks step up bad debt recovery in 2019

Some banks have recovered trillions of Vietnamese dong in bad debt by selling off assets secured with non-performing loans in the first half of 2019.

 

EVFTA opens door wide for Vietnam’s agricultural produces: experts

The EU-Vietnam Free Trade Agreement (EVFTA) not only opens the door wide for Vietnam's agro-forestry-aquaculture exports, but also promotes the country's agricultural sector to improve its competitiveness, according to experts.

 

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Sharp rises in Q2 corporate earnings come from asset sales

 

New digital era for Vietnam's banks

Much is being done to take Vietnam's banking and finance sector into the digital age, according to industry insiders.

VN banks undergoing digital transformation

Digital is fundamentally changing banking in Vietnam and transforming the industry's competitive landscape.

Many ministries, gov't agencies in Vietnam fail to disclose spending details

Twenty of total 37 ministries and central government agencies receiving funding from the State budget disclosed no information about expenses in 2018, a report revealed on July 30.

 

Stronger actions needed to facilitate M&As: insiders

The Government and relevant parties have been recommended to take strong actions to facilitate mergers and acquisitions (M&As) amidst certain challenges posed by both external and internal factors.

 

Hanoi names and shames tax avoiding firms

The Hanoi Department of Taxation has released a list of companies owing VND528 billion (USD22.9 million) in taxes.

 

Substantial discounts to be offered at Hanoi promotion month

Different levels of discounts will be offered to a wide range of products during the Hanoi Sales Promotion Month, which is set to take place in November with the participation of 500 retailers and businesses.

 

SCIC set to sell entire stake in cooking oil giant Vocarimex

The State Capital Investment Corporation (SCIC) will put its entire 36.3 percent stake, or 44.2 million shares, in the Vietnam Vegetable Oils Industry Corporation (Vocarimex) on the Hanoi Stock Exchange on August 15.

 

Vietnam moves to modernise shipping fleet

Vietnam’s sea transport sector has maintained good growth recently with the volume of goods transported by the Vietnamese fleet reaching more than 81 million tonnes in the first half of 2019.

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Eye on Indian market, Danang promotes wedding tourism

 

Top ten outstanding M&A deals in Vietnam in 2018-2019

In 2018-2019, Vietnam continued to witness high-value mergers and acquisitions transactions in a variety of sectors, such as food manufacturing, real estate, banking, and retail.

Ratings needed to protect Vietnam’s corporate bond investors

Though the corporate bond market really needs to be developed in order to reduce the dependence of the economy on commercial banks, corporate bond issuance must be transparent and secure.

 

Vietnam’s top 50 brands valued at US$9.3 billion

The total value of the top 50 Vietnamese brands in 2019 unveiled by Forbes Vietnam is estimated at over US$9.3 billion, up US$1.2 billion from the figure announced last year.