As a popular investment channel for foreign investors in recent times, mergers and acquisitions (M&A) secured Ho Chi Minh City 6 billion USD in foreign direct investment (FDI) projects in 2018.
Many banks have seen their employee efficiency increase significantly, with each member of staff earning them more than 1 billion VND (43,000 USD) in pre-tax profit on average last year.
(VEN) - Improvements in Vietnam’s business environment and investment attraction are paving the way for Vietnam to attract more investment in 2019. Many domestic and foreign businesses plan to expand investment in the country.
A Singaporean company will invest in a textile project in the Vietnam-Singapore Industrial Park in central Nghe An province (VSIP Nghe An).
Some banks are putting assets secured with non-performing loans worth hundreds of billions of Vietnamese dong up for auction in the first days of the Lunar New Year to speed up the resolution of bad debts.
Prime Minister Nguyen Xuan Phuc had a working session with the leaders of the Ministry of Planning and Investment (MPI) on February 19.
Artpresto Vietnam Co., Ltd, a member of Japan’s Bandai Namco Group, started construction on a packaging factory on February 14 in the northern province of Ha Nam.
The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has become the first Vietnamese lender to be named on the list of the top 300 most valuable banking brands, as recently announced by the Brand Finance.
The Mekong Delta province of Tra Vinh has welcomed representatives of seven domestic and foreign firms to learn about the investment and business environment and regulations related to business registration in the locality in the first days of the Lunar New Year.
The southern province of Ba Ria-Vung Tau on February 14 handed over nine investment licences worth over 9.9 trillion VND (425.7 million USD) and nearly 163 million USD to investors.
Experts have forecast minimal pressure on exchange rates in 2019, with little chance of significant volatility.
The central city of Da Nang is calling for investment to 14 public parking lots in a bid to serve the surging demand resulted in by a sharp increase of motorized vehicles.
Citi is targeting 25% growth in revenues from client work in intra-Asia trade corridors in 2019. This comes after the bank reported strong growth in these corridors in 2018.
The northern province of Bac Ninh on January 24 granted investment licenses to 6 new foreign direct investment (FDI) projects.
The Government leader said that the Vietnamese stock market is growing increasingly, positively contributing to national socio-economic development as well as the financial market in particular.
Lao Prime Minister Thongloun Sisoulith has pledged to create favorable conditions for Vietnamese firms to continue investing in agricultural development in Laos.
Prime Minister Nguyen Xuan Phuc has applauded the significant contributions of the Vietnam Bank for Social Policies (VBSP) to the country’s poverty reduction and socio-economic development, while attending a Lunar New Year meeting of the bank on February 11 or the seventh day of the first lunar month.
A majority of credit institutions in the country expect an upward trend in their business in 2019 after gaining good results last year, according to a State Bank of Vietnam (SBV) survey released recently.
More and more Italian firms are intending to move their investment to Vietnam, aiming to turn the country into a gateway for them to enter other Southeast Asian nations, said an expert from the Italian Chamber of Commerce in Vietnam (Icham).
The central province of Thua Thien – Hue has approved Kim Long Nam JSC’s investment in an auto manufacturing – assembly complex at the local Chan May – Lang Co economic zone.
(VEN) - Vietnam’s banking sector provided the market with stable money supply in 2018 and strictly controlled credit growth to ensure macroeconomic stability. While credit growth was lower than the target set for 2018, it was more effective and of better quality.
The Dong Nam Textile JSC, a subsidiary of the Vietnam National Textile and Garment Group (Vinatex), began construction of the first yarn factory in the southwestern region in Bac Lieu province on January 23.
The State Bank of Vietnam (SBV) has so far this year bought more than 1 billion USD from commercial banks to build up the nation’s foreign currency reserves.
(VEN) - The international community, as well as domestic and foreign companies, are pleased with the ongoing improvement of the business environment in Vietnam in recent years, especially the reduction of investment and business conditions and specialized inspection procedures.
(VEN) - Vietnam’s capital market played a growing role in oiling the wheels of the economy in 2018, decreasing reliance on the banking sector and promising a greatly augmented capital supply for the economy in 2019.
(VEN) - Vietnam seeks to attract foreign direct investment (FDI) in high, new and environmentally friendly technologies, including transnational corporations that can create a positive impact on the domestic business community.
Deputy Prime Minister Trinh Dinh Dung has affirmed that the Vietnamese Government will continue drastically implementing measures to improve the investment environment and create more favourable conditions for foreign investors, including those from Japan, to do successful business in the country.
(VEN) - Vietnam Economic News’ Lan Huong spoke with Harmander Mahal, Head of Retail Banking, Standard Chartered Bank Vietnam.
The northern province of Quang Ninh always creates favourable conditions for enterprises from the Republic of Korea (RoK) to land investments in the locality.
Both finance companies and banks are promoting consumer lending to capitalise on high demands ahead of the country’s largest holiday Lunar New Year (Tet).
Tin Khu Vực 
