Japan’s Juroku Bank Ltd will open a representative office in Ha Noi next month. - Photo wikimedia Japan’s Juroku Bank Ltd will open a representative office in Ha Noi next month after getting a licence from State Bank of Viet Nam (SBV) in early February. On February 2, SBV issued License No 32/GP-NHNN, permitting Juroku Bank to establish its representative office in Ha Noi for five years. Accordingly, the office will function as a liaison office for market research and promotion of investment projects of Juroku Bank in Viet Nam. The office will promote and monitor the implementation of contracts and agreements signed between the bank and credit institutions and businesses, as well as the bank’s financed projects in Viet Nam. It will also address the demand for loans from Japanese companies operating in Viet Nam, especially those in the Tokai sub-region, where the bank’s headquarters is located. The opening of the bank is a new opportunity for Japanese … [Read more...] about Japanese bank to open office in Ha Noi
Ha noi
Ha Noi to develop non-cash payments
The Ha Noi People’s Committee recently issued a plan to develop non-cash payments, urging all supermarkets and restaurants to put in place cashless payment devices or systems by 2020.– Photo vietnamfinance.vn The Ha Noi People’s Committee recently issued a plan to develop non-cash payments, urging all supermarkets and restaurants to put in place cashless payment devices or systems by 2020. Under Plan No. 51/KH-UBND, 85 per cent of the city’s suppliers of electricity, telecommunications and communication will accept bill payment via cashless payment channels, while 60 per cent of individuals and households will pay by card or mobile channels for their shopping and consumption needs. The city will also focus on developing new and modern payment methods suitable to rural areas, so that it can encourage local people to use the modern payment services. The plan also targets to increase the number of people having access to modern payment services. Accordingly, at … [Read more...] about Ha Noi to develop non-cash payments
Senior officials meet in Ha Noi to prepare for sixth GMS summit
At the meeting, GMS senior officials held a final review of the topic and related issues for discussion at the Leaders’ Retreat, going over the expected flow of proceedings and the possible key messages, themes, points, and issues that may be raised by the leaders, based on the briefing materials that have been prepared for them. They reviewed the updated and finalised status report on the Summit deliverables prepared by the GMS Secretariat, including Ha Noi Action Plan (2018-2022), the Regional Investment Framework (RIF) 2022, and specific sector objectives. The officials assessed the finalised program, content, and proposed order of proceedings of the above key GMS summit events. Viet Nam, as the Summit host, presented updates and details on the status of the administrative and logistical arrangements for Day 2 and Day 3 of the Summit, including security, protocol, transport, accommodations, venue layouts, seating arrangements, and other administrative matters. The country is … [Read more...] about Senior officials meet in Ha Noi to prepare for sixth GMS summit
CBRE: Ha Noi to have high supply of retail space this year
Retail space is expected be abundant this year in Ha Noi with a total of 157,000 sq.m coming from eight projects under development, according to the CBRE’s Real Estate Market Outlook in Viet Nam.— Photo zing.vn Retail space is expected be abundant this year in Ha Noi with a total of 157,000 sq.m coming from eight projects under development, according to the CBRE’s Real Estate Market Outlook in Viet Nam. Under the outlook released recently, this is the most new projects ever planned for a single year. Most of these new projects are located in fast developing residential areas with good infrastructure and which are expected to attract retailers and consumers. Despite this new supply causing pressure on the vacancy rate, the average market rent is still expected to remain relatively stable or even to slightly improve, according to CBRE. Malls as a component of residential complexes will continue to thrive, thanks to a high level of supply in the condominium market. … [Read more...] about CBRE: Ha Noi to have high supply of retail space this year
Russian showroom to promote food items to open in Ha Noi
Products on display at the first Russian Gastro House in HCM City’s District 1. — VNS Russia’s E&N group plans to open showroom in Ha Noi to help Russian firms showcase their food products. The company had opened the first Russian Gastro House last December in HCM City to display a wide range of high-class Russian food products. The showroom has attracted plenty of interest from supermarkets and distribution companies, a company spokesperson said. E&N would continue to select more high-quality products from Russian firms to display at the showroom, he said. Everyday the showroom receives information from Russian companies to update its products. Besides offering visitors a chance to taste its products, the showroom also provides opportunities for Vietnamese companies to meet and work directly with Russian manufacturers. Trade between Russia and Viet Nam topped US$5.35 billion last year, a year-on-year increase of 35 per cent. The two countries have set a … [Read more...] about Russian showroom to promote food items to open in Ha Noi