Business

Foreign investors allowed 34 per cent holding at Vietnamese airlines

Foreign investors allowed 34 per cent holding at Vietnamese airlines

The limit for foreign investors’ ownership in Vietnamese air transport businesses will be increased to 34 per cent from the current 30 per cent, according to a Prime Minister’s decree signed last week.

Visa exemptions set to expire for seven major tourism markets

The number of foreign travellers to Vietnam may fall in 2020 if the country does not extend visa exemption for citizens of many countries, according to tourist officials.

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Emerging East Asia bond market growth steady amid global slowdown

Emerging East Asia’s local currency bond market posted steady growth during the third quarter of 2019 despite persistent trade uncertainties and a global economic downturn, according to the latest issue of the Asian Development Bank’s Asia Bond Monitor.

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Expert suggests four ways to help transform Ho Chi Minh City into a financial hub

With key financial reforms, Ho Chi Minh City could follow Tokyo, Shanghai, Mumbai, according to Donald Lambert, Principal Private Sector Development Specialist at the Asian Development Bank's Southeast Asia Department.

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78 percent of enterprises satisfied with tax administrative reform

About 78 percent of surveyed enterprises showed their satisfaction with tax administrative reforms in 2019, up 3 percent compared to 2016.

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Rice exports set to reach 6.5 million tonnes during 2019

Vietnam's rice exports are projected to hit approximately 6.5 million tonnes for the whole year, according to the Vietnam Food Association.

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Household businesses to be regulated: NA deputies

A number of National Assembly (NA) deputies agreed household businesses should be subject to the amended Law on Enterprises yesterday.

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US enterprises encouraged to engage in energy sector

Deputy PM Dung praised Gen X Energy for developing an over U$ 6 billion liquefied natural gas (LNG) project in Viet Nam.

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As many as 706 enterprises, 85 percent of 832 listed companies on the Vietnamese stock market, generated profits during the third quarter of this year.

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The Government’s foreign debts have been declining sharply and under the Government’s control, Deputy Prime Minister Vuong Dinh Hue said while chairing a meeting with leaders of some ministries, sectors and the National Financial Supervisory Commission.

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Foreign financial institutions were eyeing up poorly-performing Vietnamese banks after being given the green light to acquire stakes in local institutions in a move to speed up the restructuring of the country’s banking industry, according to banking expert Nguyen

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Vietnam had 12,327 people with USD3 million to below USD30 million in net assets by the end of 2018, up 23% over the past five years and the figure is projected to reach 15,776 people by 2023.

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Many banks have seen their service earnings accelerate, buoyed by increasing investment for the business segment and rising market demands.

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Vietnam has set a target to restrain inflation at below 4% in 2019, however, there may be challenges.

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