Business News

[11-04-2016] Economic outlook still bright despite growth slowdown, FDI attraction up 125.2% in Q1, exports to China up 10.38% and new wave of Japanese investment to arrive in Viet Nam are economic highlights from April 4-10.

[11-04-2016] The Government has offered financial support to the Viet Nam National Textile and Garment Group (Vinatex) for training the labour force in the textile and garment industry this year. The funds worth of VND63.5 billion (US$2.9 million) would come from the State budget for education and training activities, reported the Dau Tu (Investment) online.

[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.