Business News

[09-04-2017] Credit this year would be oriented to flow more into production and business instead of non-production industries as done previously, experts said. In the latest report on prospects of the banking industry released this week, analysts of Vietcombank Securities (VCBS) forecast that credit growth this year would be roughly 16 per cent, lower than the 18 per cent rate of last year, because credit would focus more on production and business.

[11-04-2016] Vietnam is expected to attract more US investments and tourists following the raising of its visa validity for Americans from the existing single-entry, three-month visa to a multiple-entry, one-year version. Thanh Tung reports on the potential impact of this new visa policy.

[07-04-2016] Real estate is one of the areas that attracts great interest from investors in Viet Nam. However, investment in this sector is currently restricted by quite a few regulations.

[08-04-2016] Information related to mergers and acquisitions (M&As) of credit institutions is awaited as the season of annual shareholders' meetings is around the corner. Late last year, the central bank said that the number of credit institutions would be cut from the current 34 to roughly 17 to 19. Therefore, it is possible that more M&As will be announced.

[05-04-2016] No more Grade A building will enter the office market later in 2016, according to CBRE Vietnam. At its April 5 press conference reviewing the first quarter of Hanoi’s property market and provide forecasts for 2016, CBRE expected that approximately 290,000 square metres would come on stream throughout the year.

[05-04-2016]The central province of Binh Dinh granted eight investment certificates and issued new business certificates to 167 enterprises with total registered capital of over VND3.16 trillion (US$137 million) in the first quarter of this year. Notable investment projects included the FLC hotel and shopping mall complex invested by Faros Construction JSC with a registered capital of over VND2 trillion (US$87 million) and a high-tech pig breeding farm worth VND300 billion (US13 million) in Phu Cat district.

[05-04-2016] As of March 20, 473 new Foreign Direct Investment (FDI) projects were granted with investment certificates with a total registered capital of US $2.74 billion, a year-on-year increase of 125.2%, according to the Foreign Investment Agency, under the Ministry of Planning and Investment. Meanwhile, 203 operating FDI projects were added US$1.285 billion, up 107%.

[05-04-2016] Starting April 1, commercial banks in Vietnam are banned from offering corporate loans in currencies other than the dong, according to Circular No.24 the State Bank of Vietnam (SBV) announced in December last year. The ban targets businesses that exchange foreign currency loans into dong to pay for equipment and machinery, according to Bui Quoc Dung, head of monetary policy at the SBV.