Vietnam should resolve ‘excessive money and lackluster capital’ paradox: expert

Vietnam should resolve ‘excessive money and lackluster capital’ paradox: expert

To achieve the 2024 growth target in a challenging, uncertain environment, Vietnam must resolve the paradox of "excessive money and lackluster capital" in the economy, said Tran Dinh Thien, former director of the Vietnam Institute of Economics.

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam-focused FEBE Ventures announces $75 mln second fund

Vietnam-focused FEBE Ventures announces $75 mln second fund

FEBE Ventures, a global seed-focused venture capital firm focusing on Vietnam, has launched its $75 million second fund, helping seed-stage startups.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Three IPOs in Vietnam raise $7 mln in Jan-Nov: Deloitte

Three IPOs in Vietnam raise $7 mln in Jan-Nov: Deloitte

Vietnam saw three initial public offering (IPO) listings raising $7 million from January to mid-November, Deloitte said in a new report for the Southeast Asian region.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

US listing for Vietnam EV maker a major milestone: VinFast

US listing for Vietnam EV maker a major milestone: VinFast

Vietnamese electric vehicle (EV) maker VinFast has confirmed that it would start trading shares on the tech-focused Nasdaq on August 15 (U.S. time).

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Red River to be main axis for Hanoi planning: official

Red River to be main axis for Hanoi planning: official

The Red River will be the axis of Hanoi’s transport and urban development along the two river banks in the near future, said director of the municipal Department of Planning and Architecture Nguyen Trong Ky Anh.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

M&As pick up pace in Vietnam property market

M&As pick up pace in Vietnam property market

Vietnam’s ailing real estate market is witnessing a rising number of merger and acquisition (M&A) deals, mostly with overseas buyers who can arrange capital sources to counter the credit crunch in the country.

Development potential of Vietnam's real estate market - Mon, Dec 22, 2021 | 11:30 am GMT+7

Dat Bike to tap more offshore capital sources with HSBC support

Dat Bike to tap more offshore capital sources with HSBC support

HSBC Bank Vietnam signed a strategic agreement with Dat Bike on Wednesday to help the domestic electric motorcycle maker gain better access to financial markets and digitalize its financial operations.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hanoi upgrades new airport plans for international routes

Hanoi upgrades new airport plans for international routes

Hanoi has proposed a new airport in the capital region will be used for international routes rather than just domestic flights.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Public-private partnerships should drive Vietnam's growth

Public-private partnerships should drive Vietnam's growth

Public-private partnerships (PPPs) are going to be one of the effective cooperation models between the government and private investors in Vietnam’s infrastructure development as long as obstacles facing PPP projects are properly tackled.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Major firms sell off assets on the cheap amid credit crunch: minister

Major firms sell off assets on the cheap amid credit crunch: minister

Cash flow troubles have forced many major companies in Vietnam to sell off assets at prices much lower than their market value, Minister of Planning and Investment Nguyen Chi Dung said on Tuesday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Startups in Vietnam offered abundant venture capital

Startups in Vietnam offered abundant venture capital

Companies headquartered in different countries have successfully secured more investment funds from venture capital firms and other sources for business in Vietnam, a new global production base with a population of 100 million people.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

KBank’s HCMC branch increases capital by 2.5 times

KBank’s HCMC branch increases capital by 2.5 times

Leading Thai lender KBank is doubling down on the expansion of its operations in Vietnam as the country’s central bank has granted approval for its Ho Chi Minh City Branch’s capital increase of more than 2.5 times to 9.6 billion baht ($285 million).

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

April records highest number of new firms

April records highest number of new firms

The number of newly registered enterprises in Vietnam peaked in April among monthly figures at 15,967, indicating improved business sentiment, according to the Department of Business Registration Management.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Japanese banks pump vast capital into Vietnam market

Japanese banks pump vast capital into Vietnam market

Japanese banks, both mega and smaller, have been channeling more investment into Vietnam, one of the world’s fastest expanding economies.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Local officials need to help solve legal problems for real estate market: ministry leader

Local officials need to help solve legal problems for real estate market: ministry leader

Legal problems are a major obstacle facing Vietnam’s long-ailing property market but provincial authorities have failed to assist the government to remove bottlenecks, a senior Ministry of Construction official said.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

The Investor holds seminar on unleashing capital for property market

The Investor holds seminar on unleashing capital for property market

A seminar on measures to unleash domestic and foreign investment capital in the Vietnamese real estate market will be held by The Investor in Ho Chi Minh City on Friday.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Agribank credit provides platform for agriculture to flourish

Agribank credit provides platform for agriculture to flourish

Agribank, one of the four largest state-owned banks in Vietnam, has made its mission over the past 35 years to support local agriculture, farmers and rural areas.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Leading Vietnamese retail bank VIB assures loan security: chairman

Leading Vietnamese retail bank VIB assures loan security: chairman

Vietnam International Bank (VIB), one of the country’s major retail banks, provides secure loans despite domestic and global headwinds, and will beef up its charter capital to further drive its strong growth, chairman Dang Khac Vy said Wednesday.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

F88 nets $50 mln prior to IPO set for 2024, seeks more funding

F88 nets $50 mln prior to IPO set for 2024, seeks more funding

Vietnamese consumer finance firm F88 has raised a series C investment of $50 million led by Vietnam-Oman Investment Fund and Mekong Enterprise Fund IV to further expand its distribution network nationwide and digital business ahead of an initial public offering planned next year.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam PM instructs banks to ease credit crunch

Vietnam PM instructs banks to ease credit crunch

Prime Minister Pham Minh Chinh has ordered the country’s banking system, including the central bank (SBV), to rapidly provide smooth credit for the business community, which is facing a severe lack of funding.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam determined to fix bond, property market problems: PM

Vietnam determined to fix bond, property market problems: PM

The government is seeking to correct problems in the corporate bond and real estate markets to protect the legitimate rights of residents and enterprises, Prime Minister Pham Minh Chinh said Thursday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

State Bank upholds credit growth cap, urges lending for production

State Bank upholds credit growth cap, urges lending for production

TVietnam's central bank has confirmed its cap on the banking system's credit expansion for this year will be unchanged at 14%, urging banks to boost lending for production activities.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese firms struggle to survive serious capital thirst

Vietnamese firms struggle to survive serious capital thirst

Many Vietnamese enterprises are struggling to survive as the time of easy and cheap capital flows have ended, with hiked interest rates and fluctuating exchange rates.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

World Bank supports Vietnam's eco industrial park development

World Bank supports Vietnam's eco industrial park development

The World Bank is aiding Vietnam in scaling up its development of eco industrial parks to improve the country’s industry competitiveness, a specialist at the institution said.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam interbank lending rates hit 10-year high

Vietnam interbank lending rates hit 10-year high

Interbank lending interest rates in Vietnam have reached a 10-year peak, following the State Bank’s moves to stabilize the USD/VND exchange rate.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Property developer Novaland’s charter capital to top $1 bln

Property developer Novaland’s charter capital to top $1 bln

Novaland, a leading property developer in Vietnam, plans to issue 482.6 million new shares and increase its charter capital to VND24,275 billion, or over $1 billion.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Banking profit margins not high: State Bank governor

Banking profit margins not high: State Bank governor

State Bank Governor Nguyen Thi Hong on Thursday rejected allegations that banking profits were huge when the Covid-19 pandemic wrecked havoc on the local business community.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Private equity investment gathers pace in Vietnam

Private equity investment gathers pace in Vietnam

Private equity funds have been gathering pace in Vietnam to capitalize on what the fast-growing economy, with an almost 100 million population, can offer.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Retail giant Petrolimex seeks to raise foreign ownership to 35%

Retail giant Petrolimex seeks to raise foreign ownership to 35%

State-run Petrolimex, Vietnam's biggest gasoline retailer by market share, has proposed the government allow its maximum foreign shareholding to rise from 20% to 35%.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7