Business News

[12-02-2016] The Asia Commercial Bank (ACB) will be the latest bank to join the wave of mergers among commercial banks and finance companies that is expected to become a major trend this year.

[13-02-2016] US capital continues flowing into Vietnam in anticipation of the opportunities to be brought by TPP (Trans Pacific Partnership) and other free trade agreements (FTAs). Just after six months after opening, a bonded warehouse in Long Binh Industrial Zone in Dong Nai province is at full capacity. It supplies dyes and chemicals, and is run by Huntsman Textile Effects.

[13-02-2016] Viet Nam aims to achieve annual average economic growth of 6.5 per cent to 7 per cent through 2020, striving to turn itself into an advanced industrial country soon, according to the Resolution of the 12th National Party’s Congress.

[11-02-2016] The recovery of the property market along with many open policies and incentives have created favourable conditions for real estate corporations with strong financial resources. Novaland, for example, a well-known investor, has been involved in many merger & acquisition (M&A) deals in the real estate market in recent years.

[03-02-2016] The Government has issued a Resolution on inking the Trans-Pacific Partnership Agreement (TPP). Accordingly, the Government approved the signing of the TPP and assigned the Minister of Industry and Trade to ink the Agreement with authorized representatives of nations joining the TPP.

[02-02-2016] The European Union (EU) today published the full text of the free trade agreement between the EU and Vietnam. The step follows the conclusion of the negotiating process in December. It will allow all interested stakeholders to become familiar with the content of EU-Vietnam Free Trade Agreement (EVFTA) well in advance of the domestic ratification processes both in the EU and in Vietnam.

[03-02-2016] Vietnam’s industrial growth is put at 5.9% in January against the same period last year, data of the Ministry of Industry and Trade showed. Some industries with significant growth last month were processing-manufacturing with 8.2%, electricity generation with 13.2%, mining with 4.2%, water supply with nearly 10%, motor vehicles with 16%, metal production with 14%, beverages with 15% and apparel with 12%.

[02-02-2016] Over 200 enterprises from HCM City have poured nearly VND68 trillion (about US$3 billion) into 287 projects in the Central Highlands, according to the region's Steering Committee.