Business News

[15-03-2016] Rising demand for credit across Vietnam’s private sector is expected to drive bank loan books above the highs recorded last year. Lending from the country’s banking sector will increase by between 18 to 20 per cent this year, according to forecasts from the State Bank of Vietnam (SBV), on the back of strong economic growth.

[15-03-2016] Vietnam’s participation in the Trans-Pacific Partnership (TPP) and the EU-Vietnam Free Trade Agreement (EVFTA) have set the stage for dramatic economic gains in Vietnam, once the new agreements are fully ratified and enter into force.

[15-03-2016] Singapore has become Viet Nam's leading investment partner after investing more than US$36 billion in numerous local projects, including processing, technology, manufacturing, real estate, construction, transportation, and storage.

[15-03-2016] Thai investors are increasingly investing in Viet Nam's plastic industry, with many of them keen to fully acquire the Government's stakes in companies it plans to equitise. Thai SCG Group alone has invested in 20 companies. Last year it acquired 80 per cent stakes in Tin Thanh Packing Joint Stock Company, one of the country's top manufacturers of flexible plastic packaging.

[09-03-2016] Urban development statistics in Viet Nam show a relatively bright picture, especially in Ha Noi and HCM City. But there is already a price to pay for burgeoning development: urban social infrastructure overload. To transform new urban areas into a sustainably developed and livable environment,mechanisms, policies and implementation must be changed.

[08-03-2016] To assess the impact of economic integration on the state budget in 2016 and promptly adjust the balance of income and expenditure, the Minister of Finance recently issued Directive 02/CT-BTC on integration in the financial sector in 2016.

[08-03-2016] Hong Kong, a vibrant digital city, is an ICT hub in the Asia Pacific region and a congenial place for ICT business, with a world-class Internet infrastructure, a tech-savvy community and a free market supported by sound legal system.  

[08-03-2016] The amendments to Circular No 36 are meant to urge commercial banks to strengthen the risk management of lending activities, rather than tighten the credit sources for the real estate sector, said Pham Huyen Anh, Deputy Chief Inspector of the State Bank of Viet Nam.