Business

Local banks recovering from a long slump

Local banks recovering from a long slump

Since the beginning of this year the shares of many banks have appreciated significantly, with the increases ranging from 8 per cent to even 80 per cent.

Hanoi attempts to manage app-car services like taxis

Hanoi will manage the operation of app-based taxi service, including Uber and Grab, in a way similar to traditional taxis to guarantee a fair business environment.

 >>  Taxi associations beg PM for help in competition with Uber and Grab
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Hanoi lures big investment

Authorities in Hanoi have approved 48 projects with total registered investment capital of VND74.3 trillion (USD3.25 billion).

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Vietnam set for co-working office boom: experts

With both local and international operators strongly expanding into co-working in Việt Nam, the industry is expected to develop rapidly, experts have said.

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Vietnamese agriculture improves quality for exports

As Vietnam integrates extensively into the world economy, major Vietnamese export items including agricultural products have more opportunities to approach large foreign markets.

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Textile and garment industry undergoes restructuring

Restructuring the textile and garment industry involves drawing up a new development strategy, using new technologies, and closing fiber and textile factories that use outdated technologies.

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A Vietnamese company has successfully developed a real-time billing system (OCS) for telecommunication networks for the first time.

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Firms oppose rice export monopoly

Firms are complaining that the Vietnam Northern Food Corporation and Southern Food Corporation are monopolising markets as they are banned from signing contracts prior to the giant businesses getting first option.

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Hanoi, Danang and HCM City’s taxi associations have sent a joint petition to Prime Minister Nguyen Xuan Phuc, asking for him to intervene to guarantee a fair business environment.

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With credit growth accelerating in the first quarter, many commercial banks may become more demanding in selecting lending customers.

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State-owned groups and enterprises have brought back VNĐ6.84 trillion (US$301 million) to the State coffer during their divestment process in 2016, according to the Finance Ministry.

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Việt Nam has postponed a US$3-billion international bond issuance plan due to unfavourable conditions in the global finance and monetary market, the finance ministry said.

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Prime Minister Nguyen Xuan Phuc and the State Bank of Vietnam (SBV) had called for the rate cuts, before the PM took part in a dialogue with enterprises in HCM City on April 29.

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The Ministry of Finance has refused a local company’s proposal to provide tax incentives on the import of 20,000 electric taxis from French car-maker Renault.

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