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REIT fund to create breakthrough in stock, real estate markets

VietNamNet Bridge - The establishment of the REIT (real estate investment trust) fund shows that the real estate market has integrated more deeply into the global market.

Social sciences studies turn hot again

VietNamNet Bridge - In Vietnamese eyes, only shy students not capable of studying natural sciences would register to study social sciences.

Two amateurs engage in fingerprint technology

VietNamNet Bridge - With a smartphone with GPS (global positioning system), users can take a roll call and conduct timekeeping no matter where they are.

Young Vietnamese thinkers and their records

VietNamNet Bridge - The great achievements made by Vietnamese young people have been recognized by the world.

Vietnam tries to export more workers

VietNamNet Bridge - Vietnam, which has exported PhDs, specialists and farmers, has begun sending fishermen to the US.

Thai giants vie for Big C in Vietnam and Thailand

Thai conglomerates are running a race to buy Big C supermarkets in Vietnam and Thailand from French Casino Guichard-Perrachon SA, according to the Ministry of Industry and Trade’s Commercial Division in Thailand.

Education Ministry: One program, many textbooks

VietNamNet Bridge - ‘One program, many sets of textbooks’ is the principle of the plan on renovating curricula and textbooks, Deputy Minister of Education and Training Nguyen Vinh Hien has said.

Dak Lak Yew forest revives

More than 10 years ago, scientists warned about the endangered yew (Glyptostrobus pensilis) forests in the central province of Dak Lak. Since then, activities have helped to preserve the species.

Banks vie for customers in card payment market

VietNamNet Bridge - The number of cards issued by small and medium-sized commercial banks and the payment value via cards increased sharply by 55 percent in a two-year period.

Millions of issued ATM cards remain unused

VietNamNet Bridge - Tens of millions of cards for use at bank ATMs have been issued but Vietnam remains a cash economy as millions of cards have been left unused.

Vietnamese banks could be taken over by regional big banks

VietNamNet Bridge - When the ASEAN Economic Community takes effect, Vietnam will have to allow up to 70 percent of foreign ownership ratio in Vietnamese banks.

Commercial banks rush to buy finance companies

VietNamNet Bridge - Four commercial banks have taken over finance companies, and other banks are consulting with their shareholders about buying such firms to expand their consumer lending.

Five Vietnamese enterprises make it on to Nikkei Asia300

 FPT, Vietcombank, PetroVietnam Gas (PVGas), Vinamilk, and Vingroup are five Vietnamese enterprises that appeared on the Asia300 report, which was released recently by Nikkei Asian Review.

Bad debts eating bank profits

 A series of banks are facing towering bad debt provisions that ate up their profits for the first three quarters of the year, which had been promisingly reported.

Vietcombank, BIDV, VietinBank: Which bank has the most bad debt?

VietNamNet Bridge - As of September 30, BIDV had taken the lead for bad debt among the three largest State-owned commercial banks of Vietnam, followed by Vietcombank with over VND7,100 billion and VietinBank, with approximately VND4,700 trillion.

Businesses hurry to divest bank shares

VietNamNet Bridge - About VND18 trillion worth of capital was still stuck in banks by the end of September 2015 which needs to be divested as per the government’s request, according to the Ministry of Finance (MOF).

How will the government pay back the debt to SBV and Vietcombank?

VietNamNet Bridge - The Central Institute of Economic Management (CIEM) said that government debt of VND30 trillion to the State Bank of Vietnam (SBV) put pressure on monetary policy.

Failing to issue bonds, MOF plans to borrow from Vietcombank

VietNamNet Bridge - Sources said the Ministry of Finance (MOF) is planning to borrow one billion US dollars more from Vietcombank, one of Vietnam’s largest commercial banks, at the interest rate of 3-4 percent per annum.

Are 15 banks enough for Vietnam?

VietNamNet Bridge - In many people’s thoughts, restructuring banks means reducing the number of banks. How many banks will there be in Vietnam when the bank restructuring process is completed?

Banks facing pressure of rapid disinvestment

VietNamNet Bridge - The State Bank of Vietnam’s (SBV) compulsory restructuring policy has put many commercial banks under pressure because they have to withdraw capital from investment projects within a short time.