The domestic credit chip cards are expected to be officially launched this week. The seven banks include Viet Nam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), Ban Viet Joint Stock Commercial Bank (VCCB), Asia Commercial Bank (ACB), HCM City Housing Development Commercial Joint Stock Bank (HDB), Bao Viet Bank (BVB), Sai Gon Thuong Tin (Sacombank) and Viet Nam Thuong Tin (Vietbank). … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 25
Second round fa cup draw 2017
Hanoi forward voted Vietnam’s athlete of the year
The voting began last Friday and the result was announced the next day. In a year when Vietnamese athletes took part in very few international tournaments because of the Covid-19 pandemic, the Hanoi FC captain impressed with his performances, helping the club finish second in the V. League championship, win the National Cup and the Super Cup. … [Read more...] about Hanoi forward voted Vietnam’s athlete of the year
Bright economic appearance after 35 years of innovation
Impressive development achievements Starting the innovation process with the determination to integrate internationally 35 years ago, Vietnam was still a country with backward and closed production. It had consistently implemented reforms, transforming from a centrally planned, subsidized economy to a multi-sectoral commodity economy, which operates under the market mechanism and the State's management and towards socialism. From 1986 to 2000, on average, the gross domestic product (GDP) grew by 6.51 percent annually. The agriculture, forestry, and fishery sector edged up 3.72 percent; the industry and construction sector rose 9.06 percent; the service sector climbed 6.66 percent. The economic structure had gradually shifted towards promoting industrialization and modernization. The agricultural sector had absolutely solved the food problem, ensuring national food security, changing Vietnam from a country with a lack of food to become the second-largest rice exporter in the world. … [Read more...] about Bright economic appearance after 35 years of innovation
Vingroup plans $300 mln bond issuance for auto, smartphone production
The non-convertible, unsecured 3-year bonds worth VND100,000 each will be accompanied by warrants. They will be offered to the public in three rounds in the first half of this year, Vingroup said in a filing with the Ho Chi Minh Stock Exchange late last week. … [Read more...] about Vingroup plans $300 mln bond issuance for auto, smartphone production
VIETNAM NEWS JANUARY 25
Commenting on the tenure of the 12th National Party Congress, Sengupta stressed that any one should herald achievements in industrial modernisation and agriculture development based on modern technology that Vietnam earned following the Congress. During the period, socio-political stability and national defence-security continued to be strengthened. Vietnam also witnessed successes in its foreign policy based on the principles of independence, self-reliance, peace, cooperation, development and multilateralisation of external relations, thus improving its prestige as a responsible member of the international community. … [Read more...] about VIETNAM NEWS JANUARY 25