NEW YEAR WELCOME 2024 HIGHLIGHTS M&A TRENDS
With growing interest in M&A in Vietnam, experts give recommendations to enable successful cases in the future.The Investment Promotion and Connection Agency under the Vietnam Mergers and Acquisitions Community, or M&A Vietnam on January 7, organised an event to review the 2023 performance and discussed plans for 2024, as well as market trends and recommendations […]
Asean member states, including Vietnam, aim for joint visa
Member states of the Association of Southeast Asian Nations (Asean) are striving for a goal to allow international tourists to travel freely between the countries with a single visa, in an effort to boost tourism. Using a joint visa for all Asean member nations would require a thorough process and should be first applied to […]
Experts want SME law adopted soon
Economic and management experts and National Assembly (NA) deputies have called for relevant agencies to quickly improve a draft law on support for small and medium enterprises (SMEs) so that the National Assembly could pass it to create a legal foundation for SMEs to grow. Most of the participants at a three-day conference ending over […]
Government vows to support businesses
The Government will try its utmost to create a favorable environment for the development of businesses. This pledge is explicitly expressed in Resolution No. 35/2016/NQ-CP on supporting and developing enterprises over the next five years, which was inked by Prime Minister Nguyen Xuan Phuc on May 16, just half a month after his first meeting […]
Govt agencies urged to help speed up ODA disbursements
Prime minister Nguyen Xuan Phuc has called on government agencies to work towards boosting official development assistance (ODA) disbursements for projects in Vietnam as the time for gaining access to low-interest loans is running out. Phuc told them to swiftly complete procedures for all the capital pledged for Vietnam by the International Development Association […]
Russian official hails Vietnam-EAEU trade deal
The success of projects under the Vietnam-Eurasian Economic Union (EAEU) free trade agreement (FTA) will contribute to boosting the signing of similar deals between the union and other countries in Asia-Pacific, said Russian Deputy Foreign Minister Igor Morgulov.Speaking to reporters on May 19, Morgulov stated that the successful projects with Vietnam will be a […]
ILO pledges to support Vietnam in TPP
The International Labour Organisation (ILO) will support Vietnam and the Vietnam General Confederation of Labour (VGCL) to fine-tune laws with ILO labour standards during the country’s engagement in the Trans-Pacific Partnership (TPP) agreement. Director of the ILO Office in Hanoi Chang Hee Lee made the statement at a working session with President of the VGCL […]
Banks cut lending interest rates on government advice
Last week several banks cut their lending interest rates on the recommendation of the State Bank of Vietnam. State giant Vietcombank set its rates for medium- and long-term loans at 10 percent a year, down from 10.5 percent. The bank also earmarked 300 billion VND (13.4 million USD) to lend to companies for expansion. Vietcombank […]
Capital increase is the tactics of ‘caressing’ shareholders
From time to time failed to raise capital, many smaller banks are still “persisting” the shareholders to increase capital year after year. According to Dr Nguyen Tri Hieu, economic expert has deep insights on this story in the banking sector. Looking back 2015, there are many banks that do not complete the plan to increase […]
Govt pledges level playing field for businesses
Prime minister Nguyen Xuan Phuc has pledged to create a level playing field for enterprises from all economic sectors given the business community’s concerns over discrimination between the State and private sectors. At a meeting held in HCM City last Friday, minister of Planning and Investment Nguyen Chi Dung said all enterprises, be they […]