Giải báo chí 70 năm ngành Công Thương

The 48th World Chief Financial Officers (CFO) Congress opened in Ho Chi Minh City on November 15, focusing discussion on transforming finance in the digital age.

(VEN) - Chairman Nguyen Duc Chung made his statement while receiving Martin Dulig, Deputy Minister-President and Minister of Economic Affairs, Labour, and Transport of the German Federal State of Sachsen, in Hanoi on November 19. 

Banking apps on cell phones are helping people in rural areas manage their finances, said Pham Xuan Hoe, deputy director general of the Banking Strategy Institute at the State Bank of Vietnam (SBV) at the launching ceremony of the i3 program held in Hanoi on November 14.

The real estate market is suffering a severe shortage of affordable homes despite the segment witnessing huge demand, attendees heard at a recent conference.

State budget revenues reached over VND1.12 quadrillion (US$48.16 billion) in the first ten months of 2018, equivalent to 84.9% of the year’s estimate and up 15.1% against the same period last year, announced the Ministry of Finance on November 12.

Attracting investment to expand production and upgrade technology is crucial in developing food processing, heard a workshop to promote investment in the industry held in Ho Chi Minh City on November 15 by the Ministry of Industry and Trade.

54% of German companies wish to expand their business in Vietnam over the next 12 months and 52% want to hire more employees for their factories, according to a survey announced by the Delegate of German Industry and Commerce in Vietnam (GIC/AHK Vietnam).

The southern province of Ba Ria-Vung Tau has set a goal to develop logistics into a major service sector with a focus on seaport development.

(VEN) - After 25 years of reliance on official development assistance (ODA), Vietnam is rethinking its capital mobilization resources given that ODA has become increasingly expensive and some of the projects it has funded increasingly inefficient.

More commercial banks expect their credit growth limits to be expanded this year after Techcombank became the first to get the nod to do so from the State Bank of Vietnam (SBV) recently.

SunRice Group has completed the acquisition of a rice processing mill in the Mekong Delta province of Dong Thap, the first direct financial investment of the Australian business in Vietnam.

Investment chances in Vietnam, especially once the EU-Vietnam Free Trade Agreement (EVFTA) takes effect, were introduced to Italian entrepreneurs at a workshop in Rome on November 9. 

Vietnam always treasures its relations with the Asian Development Bank (ADB), one of the leading providers of loans, technical assistance and consultancy for the country, said a senior government official.

Taiwan’s Gemtek Technology company received its licence to run a 60 million-USD project in the northern province of Ha Nam at a ceremony on November 9.

Prime Minister Nguyen Xuan Phuc has asked the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) to boost its transparency, financial potential and management capacity in line with international standards.

The 12th National Assembly approved the State budget projection for 2019, with an approval rate of 86.19%, during its ongoing sixth session in Hanoi on November 9.

(VEN) - In recent years, Thai Nguyen has become a leading magnet for foreign direct investment (FDI), and currently ranks second among the 14 northern midland and mountainous provinces in terms of number of businesses.

Vietnam’s public debt remains under the ceiling limit, according to the Ministry of Finance.

A hi-tech pork slaughterhouse meeting international standards, run by Bien Dong DHS, was inaugurated in Hai Nam commune, Hai Hau district, the northern province of Nam Dinh on November 4. It is one of the biggest of its kinds in the north.

Tien Phong Commercial Joint Stock Bank (TPBank) is the first bank in Vietnam to allow cash withdrawals using a QR Code at both its ATMs and Livebank service without needing a card.

The central province of Thua Thien-Hue is striving to attract 15 domestic and foreign investment projects with total registered capital of some 10 trillion VND (US$428.8 million) in 2018.

The Vietnamese Government always welcomes Chinese firms to land investments in the country, Prime Minister Nguyen Xuan Phuc has affirmed.

(VEN) - The banking system has shown good results from the beginning of the year thanks to consistent policies of the State Bank of Vietnam (SBV) and efforts of commercial banks to ensure achievement of macroeconomic objectives.

Property developer FLC Group said it will inject US$1.5 billion into agricultural development across 15,000 hectares of lands in Vietnam during 2018 – 2019. 

Vietnam has seen a digital wave in the finance-banking industry, with many banks investing significantly into the segment, experts said at a recent conference.

Governor of the State Bank of Vietnam (SBV) Le Minh Hung was questioned on the pace of handling bad debt and banks with bad performances during the question-and-answer session on November 1 at the 14th National Assembly’s sixth session.

The central province of Quang Tri has been making effort to draw investors into its coastal areas, tourism, and sea ports.

The Central Highlands province of Gia Lai has worked hard to improve its investment environment and competitiveness in a bid to attract more domestic and foreign investors.
 

Foreign investors cannot take their eyes off the Vietnamese real estate market, one of the most dynamic emerging markets globally, according to an article by regional managing director, Southeast Asia, CBRE Vikram Kohli  on www.bussinesstimes.com.sg.