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BIDV, Vietravel to offer joint finance, travel products

BIDV, Vietravel to offer joint finance, travel products HCM CITY (VNS)  —The Bank for Investment and Development of Viet Nam (BIDV) has signed a co-operation deal with tour operator Vietravel to offer finance and banking packages, travel insurance and a co-branded MasterCard. BIDV has committed in the agreement to offer Vietravel customers with financial evidence ... Read More »

FPT reports lower than expected revenue due to domestic difficulties

FPT reports lower than expected revenue due to domestic difficulties HA NOI (VNS)  — Financing and Promoting Technology Corporation (FPT) has reported its business results for the first six months of the year. FPT reported a total profit of VND1.2 trillion ($56.338 million) before tax and VND1.04 trillion ($48.826 million) after tax, a decrease of two per cent compared to ... Read More »

Cooking oil giant raises $24m in IPO

Cooking oil giant raises $24m in IPO HCM CITY (VNS)  — Viet Nam Vegetable Oils Industry Corporation (Vocarimex) raised more than VND500 billion (US$23.6 million) from its initial public offering yesterday with 37.9 million shares sold. This was a successful IPO of a State-owned enterprise (SOE) after a large number of shares of many SOEs had failed to attract buyers ... Read More »

Vietnam-China border trade hits US$2.61bln in H1

VietNamNet Bridge – Border trade value between the two countries jumped 13% to US$2.61 billion in the first six months of the year, according to the Vietnam-China border trade steering board. During the period, border trade, with monthly growth averaging 4%, accounted for over 24% of the total bilateral trade turnover between the two countries and resulted in a surplus ... Read More »

Da Nang airport gets new cargo terminal

Da Nang airport gets new cargo terminal Da Nang International Airport will open its new cargo terminal in early August. — Photo ndh.vn DA NANG (VNS) — Da Nang has welcomed the addition of a new cargo terminal that is expected to receive up to five million passengers and 16,000 tonnes of cargo annually. The terminal, which spreads over an ... Read More »

CPI edges up on gas, food price hikes

CPI edges up on gas, food price hikes The CPI increases by 1.62 per cent year-on-year until the end of July. — Photo dntm.vn HA NOI (VNS) — The nation’s consumer price index (CPI) rose 1.62 per cent year-on-year until the end of July, the lowest level since 2006, according to the General Statistics Office (GSO). It said that the ... Read More »

Vietnam poised as a winner from FTAs

Vietnamese economy is expected to make strong growth following a number of free trade agreements (FTA) coming into effect in the near future, said radio The Voice of Vietnam (VOV). The trade pacts, once signed, will open up new opportunities for high quality Vietnamese products to integrate deeply into the global market while helping the country reduce its overdependence on ... Read More »

Vietnam to invest in transport infrastructure

Vietnam plans to modernise its transportation infrastructure by building thousands of kilometres of new expressways along modern railways and airports, the English language news website dtinews.vn reported. Prime Minister Nguyen Tan Dung has approved the plans for the massive project, which is scheduled to be carried out through 2020. The target is to build around 600 kilometres of new expressways ... Read More »

Vietnam, Asia- Pacific trade enjoys sound performance

Trade with the Asia-Pacific region made up 61.8 percent of Vietnam’s total trade value in the first half of 2014, said the Nhan Dan (People) online newspaper. According to the Ministry of Industry and Trade (MOIT), Vietnam’s export value was 32.26 billion USD, up 12 percent year on year while imports were 53.8 billion USD, up 10.1 percent compared with ... Read More »

Vietnam, Kanagawa prefecture extend economic ties

Governor of the Japanese prefecture of Kanagawa Yuji Kuroiwa has expressed hope for closer cooperation with Vietnam, especially in economics. As the second largest prefecture in Japan, Kanagawa is designated as a national special zone with many small and medium-sized firms keen to invest in Vietnam, Kuroiwa told head of the Party Central Committee’s Commission for Economic Affairs Vuong Dinh ... Read More »