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Fitch assigns Việt Nam 's EVNNPT first-time 'BB' rating; outlook stable

  Fitch Ratings on Wednesday assigned Việt Nam’s National Power Transmission Corporation (EVNNPT) a long-term foreign-currency issuer default rating (IDR) of ‘BB’. Photo EVN  HÀ NỘI — Fitch Ratings on Wednesday assigned Việt Nam’s National Power Transmission Corporation (EVNNPT) a long-term foreign-currency issuer default rating (IDR) of ‘BB’ with a stable outlook for the first time. The agency has also assigned ... Read More »

Việt Nam to have first helicopter ride-hailing service

    FastGo will launch the first helicopter ride-hailing services – FastSky in the country by the end of this month. — VNS Photo HÀ NỘI — Vietnamese ride-hailing firm FastGo on Thursday announced its plan to launch the country’s first helicopter ride-hailing service – FastSky – in Hà Nội by the end of this month. FastGo said it has co-operated ... Read More »

Banking system the 'lifeblood' of economy: official

  HÀ NỘI —The banking system and operations of credit institutions are the “lifeblood” of the nation’s economy, according to an official. The statement was made by Nguyễn Kim Anh, Deputy Governor of the State Bank of Việt Nam during a conference, held in Hà Nội yesterday, to implement the banking sector’s action programme and development strategy. All the viewpoints, ... Read More »

FM Logistic breaks ground for new distribution centre in Việt Nam

BẮC NINH — Ground has been broken for a US$30 million warehouse and distribution centre in the northern province of Bắc Ninh. French logistics and transport company FM Logistic will build the centre which is expected to open phase one next year. Once completed, the new multi-client facility will employ around 300 people and provide 52,000sq.m of storage space for ... Read More »

Kinh Bắc City Development aims higher in 2019

  In 2018, land rental fees exceeded VNĐ2 trillion, contributing up to 78 per cent of the total turnover and up 181.6 per cent year-on-year. Photo vietnamconstruction.vn HÀ NỘI — Industrial zone developer Kinh Bắc City Development Share Holding Corporation (KBC) has set higher business targets for 2019, aiming for total consolidated revenue of VNĐ3.9 trillion (US$167.4 million) and net profit ... Read More »

Local tra fish exports to the UK up almost 70% in value

  Việt Nam’s exports of tra fish to the UK surged by nearly 70 per cent in the first quarter of this year. – Photo thitruongthuysan.com HÀ NỘI — Việt Nam’s tra fish exports to the UK in the first quarter increased by 69.5 per cent to US$11.9 million, according to the Việt Nam Association of Seafood Exporters and Producers. ... Read More »

HCM City office rents soar

  The office market in HCM City had a strong start to the year, with new records being set. — Photo Hoàng Hải HCM CITY — The office market in HCM City had a strong start to the year, setting new records, according to a report by property services provider Savills. Vacancies had been continuously declining, especially in the central ... Read More »

PV Gas raise dividend to 53 per cent, posting $124m revenue in Q1

  The company has already paid 40 per cent for 2018’s dividend and the remaining 13 per cent will be paid this year. Photo laodong.vn HÀ NỘI PV Gas (GAS) decided to raise its 2018 dividend from 40 per cent to 53 per cent thanks to its spectacular business performance last year. This information was reported at the company’s annual shareholders’ ... Read More »

Central bank sets to tighten unsecured consumer finance

  Regulations on personal unsecured lending by consumer finance companies will be tightened. — Photo VietTimes.vn HÀ NỘI — Regulations on personal unsecured lending by consumer finance companies will be tightened if a draft circular of the State Bank of Việt Nam (SBV) takes effect. Under the draft circular to amend the Circular No. 43/2016/TT-NHNN stipulating consumer lending by financial companies, ... Read More »

Hoa Sen to issue VNĐ500 billion worth of bonds

In 2019, Hoa Sen Group plans net revenues and net profits of VNĐ31.5 trillion and VNĐ500 billion. — Photo ndh.vn HÀ NỘI — Giant steel maker Hoa Sen Group is set to issue non-convertible corporate bonds worth a maximum of VNĐ500 billion (US$21.46 million). The expected issue price is VNĐ100,000, the bond term will be two years and the coupon rate will be ... Read More »