INTELLASIA FINANCE & BUSINESS NEWS - MAY 12, 2021
1. HCM City: Credit growth outstrips mobilisation growth in April
2. Expansions emerging in bancassurance services
3. Banks dominate Vietnam's profit makers list
4. Vietnam to Maintain Strong, Steady Growth
5. Open doors for pandemic-related pharma imports
----and more news
VIETNAM TENDERS DAILY- MAY 12, 2021
1. Submersible acid pump supply
2. Equipment and materials supply
3. Coal conveyor weigh supply
4. Individual protection equipment supply
5. Air conditioner supply
----and more news
PM ORDERS AUTHORITIES TO PROBE VIOLATION OF RULES TO ALLOW FOREIGN EXPERTS ENTRY
The Ministries of Foreign Affairs, Health, National Defense, Public Securities, and Transport will review the entire process and look for wrongdoing and failure by various agencies to seek approval for their entry as mandated, according to a statement released Tuesday by the Government Office.
STARTUPS ATTRACTING FUNDS WITH M&A
In the first three months of 2021, there were 16 deals involving Vietnamese startups compared to 20 deals in 2020 and 30 deals in 2019. Although the number of deals decreased, the total value of the deals (excluding undisclosed funding amounts) reached $150 million, up 34 per cent against last year’s period, according to the latest report by Nextrans Venture Capital Fund.
MEAGRE PROFITS FOR SOME LEAD TO LONGER-TERM HOPES
Vietnam witnessed a growth of import-export activities in the first four months of 2021, hitting a 10-year record high despite the pandemic, but profits have been eaten away by high logistics and raw material costs.
FOREIGN INVESTORS WILL SOON RETURN TO VIETNAM'S STOCK MARKET: HSBC
Vietnam’s stock market is expected to continue to grow, helped by strong economic growth and increasing local liquidity. The positive outlook will attract foreign investors back to the market, according to HSBC.
MINISTRY EXPECTS TO PROVIDE 5G COVERAGE NATIONWIDE IN 2022
The Ministry of Information and Communications’ new mission is to lead national digital transformation process in order to build a digital Viet Nam, including digital government, digital economy, digital society and digital media.
NATIONWIDE SOCIAL DISTANCING NOT YET NECESSARY: DEPUTY PM
Given the current Covid-19 situation in Vietnam and the country’s on-going efforts to cushion the spread of the disease, it is not yet necessary to impose nationwide social distancing, said Deputy Prime Minister Vu Duc Dam at a press briefing today, May 11.
