Business Focus

Vietcombank to merge with Saigonbank

Vietcombank to merge with Saigonbank

Vietcombank is set to merge with Saigonbank as part of a general banking restructuring process, said Nguyen Van Binh, the Governor of the State Bank of Viet Nam (SBV). Making the...

Ha Noi’s property market to rebound strongly in 2015

Ha Noi’s property market to rebound strongly in 2015

Experts at foreign property consulting firms expect the property market in Ha Noi to rebound strongly this year, owing to robust sales of apartments during the last quarter of 2014. The...

 
Perfecting Legal System to Lure Japanese Investors

Perfecting Legal System to Lure Japanese Investors

In the past three years, Japan’s foreign direct investment (FDI) into Vietnam has kept going up. In 2014, Japan invested in 298 projects in Vietnam worth of nearly US$1,210 million, according...

Thailand’s Power Buy acquires 49 per cent of Nguyen Kim

Thailand’s Power Buy acquires 49 per cent of Nguyen Kim

Thai Power Buy Company, a subsidiary of Robins Department Store, has just bought a 49 per cent stake in NKT New Solution and Technology Development Joint Stock Company (NKT), according...

 
Vietnam retail market to fully open for foreign firms

Vietnam retail market to fully open for foreign firms

The 2015 scheduled establishment of ASEAN Economic Community (AEC) together with the implementation of World Trade Organization (WTO) commitments and other bilateral and multilateral free trade agreements will completely help Vietnam’s...

Car prices to drop next year on import tariff cuts

Car prices to drop next year on import tariff cuts

The Finance Ministry on Wednesday issued an order amending the vehicle import tariff, in keeping with Viet Nam's commitment to the World Trade Organisation (WTO) on tax reduction. According to the...

 
New legal framework needed to tackle NPLs

New legal framework needed to tackle NPLs

A resolution on bad debt would be the only way to resolve legal obstacles for buyers to purchase bad debts, especially foreign investors, Le Xuan Nghia, member of the National...

M&A to spike as economy grows

M&A to spike as economy grows

There will be a wave of mergers and acquisitions in Vietnam in the next five years when the economy recovers and foreign direct investment surges, an international conference heard in...

 
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