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Credit growth expected to be 17 percent this year: official

Credit growth had stood at about 8.18 percent as of August 15, 2018 and is expected to be curbed at around 17 percent this year, said Minister-Chairman of the Government Office Mai Tien Dung.  The official released the figures at a press conference in Hanoi on August 30 following the Cabinet’s regular meeting which took ... Read More »

BUSINESS NEWS IN BRIEF 31/8

Mitsubishi plans to make electric cars in Viet Nam      Japan’s Mitsubishi Corporation plans to invest in an electric automobile manufacturing factory in Viet Nam, said Executive Vice President Hiroshi Sakuma during a meeting with Vietnamese Deputy Prime Minister Vuong Dinh Hue in Ha Noi on Wednesday. At the meeting, Sakuma said his firm was evaluating the feasibility of ... Read More »

Ministry of Finance tops ICT Index again

The Ministry of Finance has topped 19 governmental agencies providing public services in the Việt Nam ICT Index. — Photo antt.vn Viet Nam News HÀ NỘI — The Ministry of Finance has topped 19 governmental agencies providing public services in the Việt Nam ICT Index for the 6th year in a row after earning 0.926 points this year.  The ministry ... Read More »

Vietnam’s transport projects beckon Japanese investors

Japanese investors are seeking opportunities to join new transport projects in Vietnam as the Vietnamese government considers the investment for infrastructure development among the country’s top priorities. Japan investors are interested in Long Thanh International Airport In a recent meeting with Deputy Minister of Transport Nguyen Ngoc Dong, Japan’s Secretary of State Tsukasa Akimoto said that Japan is interested in ... Read More »

Bad debts landscape at small banks

There has been great variations in small-scale banks’ bad debts performance in the first half of the year, with some showing great improvements, while others struggle to cope. While NamA Bank thrived, Saigon Bank’s bad debts are now double the ceiling set by the state The total bad debt volume of Ho Chi Minh City-based NamA Bank fell to VND391 ... Read More »

Shares rise on purchasing power

An investor checks share prices on MB Securities Co’s trading floor. — VNS Photo Truong Vị Viet Nam News HÀ NỘI — Stocks struggled on Thursday morning, but buying force was overwhelming in the afternoon’s session, helping the market rebound. The benchmark VN Index on the HCM Stock Exchange advanced 1 per cent to close at 998.07 points, reversing its ... Read More »

Vietnam’s trade surplus increases to $2.8 billion

Viet Nam’s trade surplus rose to US$2.8 billion in the first eight months of this year, the General Statistics Office (GSO) reported yesterday. Total export value increased 14.5 per cent year-on-year to $155.4 billion during the first eight months. Of which, the domestic economic sector achieved a year-on-year surge of 17.4 per cent to $45.11 billion, while the foreign direct ... Read More »

Mitsubishi plans to make electric cars in Việt Nam

Deputy Prime Minister Vương Đình Huệ (right) receives Executive Vice President of Mitsubishi Hiroshi Sakuma in Hà Nội. — Photo baodientu.vn Viet Nam News HÀ NỘI — Japan’s Mitsubishi Corporation plans to invest in an electric automobile manufacturing factory in Việt Nam, said Executive Vice President Hiroshi Sakuma during a meeting with Vietnamese Deputy Prime Minister Vương Đình Huệ in ... Read More »

Uncertainties around Vinalines’ IPO

Despite high engagement from foreign investors,  forecasts for the upcoming IPO of state-run shipping giant Vinalines are not promising, triggering fears of it becoming the latest in a string of failed IPOs.  Many signs contribute to the concerns about the IPO of Vietnam’s state-owned shipping giant Vinalines  Last week, the leaders of Vinalines had a busy day meeting with SM ... Read More »

Enhancing companies’ production

In addition to an expected slight rise in the country’s minimum wage in 2019, a favourable working environment will be also a great contributor to Vietnam’s improved labour productivity in the time to come.  After three working sessions, the National Salary Council, and representatives of employers and employees last week reached a decision to propose for the government approval of ... Read More »