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SK Group buys 9.5% stake in Masan Corporation

Products of Vinacafé, an affiliate of Masan Consumer. SK Group invests approximately $470 million to become Masan Group’s largest strategic shareholder. — Photo Courtesy of Masan Viet Nam News HCM CITY — Masan Group Corporation has announced the completion of SK Group’s purchase of 109.89 million of its treasury shares at VNĐ100,000 (US$4.28) per share ... Read More »

Construction firm listed on HOSE

Cao Tùng Lâm, chairman of Phục Hưng Holdings Joint Stock Company beats the gong to list its shares on the HCM City Stock Exchange. — VNS Photo Viet Nam News HÀ NỘI — More than 20.8 million shares of Phục Hưng Holdings Joint Stock Company were officially listed on the HCM City Stock Exchange on Wednesday. The shares, coded PHC, ... Read More »

Beckham kicks-off new Vietnamese car range

A corner of VinFast auto performance stage at the Paris Motor Show 2018. — Photo vtv.vn Viet Nam News HÀ NỘI — Football legend David Beckham has kicked-off Viet Nam’s entry into the global automobile market. The former Manchester United and Real Madrid star was guest of honour, launching the new VinFast cars at the Paris Motor Show on Tuesday. ... Read More »

Cyber crime threatens losses of $1.7 trillion in Asia Pacific

Phạm Thế Trường, country general manager, Microsoft Vietnam, releases an Asia Pacific study on cybersecurity his company did together with Frost & Sullvian. Viet Nam News HCM CITY — Potential economic loss across Asia Pacific due to cybersecurity incidents can hit a staggering US$1.745 trillion, or over 7 per cent of the region’s total GDP, according to a new study ... Read More »

EVN Finance sets up Easy Credit

Easy Credit launched in Việt Nam with the aim of becoming the top cash loans provider in the country within the next three years. VNS Photo Viet Nam News HCM CITY — EVN Finance Joint Stock Company (EVN Finance) on Monday announced its entry into the consumer finance industry with the launch of a subsidiary called Easy Credit. It will ... Read More »

VN stocks end rallies on late selling

The benchmark VN Index on the HCM Stock Exchange fell 0.42 per cent to close at 1,012.88 points. It gained total 1.41 per cent last week.— VNA/VNS Photo Tuấn Anh HÀ NỘI — Vietnamese shares edged down Monday as profit-taking pressure rose in final minutes bringing stocks down, despite growth in the petroleum sectors. The benchmark VN Index on the ... Read More »

VN sees rice export growth by year-end

A worker moves rice bags at a private agricultural processing company in Phước Lộc Commune, Tuy Phước District, Bình Định Province. — VNA/VNS Photo Vũ Sinh Viet Nam News HÀ NỘI — Việt Nam expects rice exports to regain strength by the end of the year after a brief lull, said Trần Văn Công, deputy director of the Agro Processing ... Read More »

Free e-learning course launched to support SMEs

The Centre for Support of Small and Medium-sized Enterprises in the North in partnership with MVV Entrepreneur Academy Corporation on Friday in Hà Nội launched SME E-learning, a free online course for SMEs. — VNA/VNS Photo Hằng Trần Viet Nam News HÀ NỘI — The Centre for Support of Small and Medium-sized Enterprises in the North (TAC-Hà Nội) in partnership ... Read More »

Property sector calls for rethink on bank loans

The new restriction on banks of using only 40 per cent of their short-term deposits for long and medium-term loans should not take effect next year, the HCM City Real Estate Association has said.— Photo cafef.vn HCM CITY — The new restriction on banks of using only 40 per cent of their short-term deposits for long and medium-term loans should ... Read More »

Cashless payment needs a boost in rural areas

Việt Nam is entering the Fourth Industrial Revolution with the participation of all sectors, including the banking system; however, non-cash payment has seen development stall as the country’s population has not yet embraced its benefits.— Photo vietnambiz.vn HÀ NỘI — Việt Nam is entering the Fourth Industrial Revolution with the participation of all sectors, including the banking system; however, non-cash ... Read More »