Sharp rises in Q2 corporate earnings come from asset sales

Much is being done to take Vietnam's banking and finance sector into the digital age, according to industry insiders.

Digital is fundamentally changing banking in Vietnam and transforming the industry's competitive landscape.

Twenty of total 37 ministries and central government agencies receiving funding from the State budget disclosed no information about expenses in 2018, a report revealed on July 30.

The Government and relevant parties have been recommended to take strong actions to facilitate mergers and acquisitions (M&As) amidst certain challenges posed by both external and internal factors.

The Hanoi Department of Taxation has released a list of companies owing VND528 billion (USD22.9 million) in taxes.

Different levels of discounts will be offered to a wide range of products during the Hanoi Sales Promotion Month, which is set to take place in November with the participation of 500 retailers and businesses.

The State Capital Investment Corporation (SCIC) will put its entire 36.3 percent stake, or 44.2 million shares, in the Vietnam Vegetable Oils Industry Corporation (Vocarimex) on the Hanoi Stock Exchange on August 15.

Vietnam’s sea transport sector has maintained good growth recently with the volume of goods transported by the Vietnamese fleet reaching more than 81 million tonnes in the first half of 2019.

Eye on Indian market, Danang promotes wedding tourism

In 2018-2019, Vietnam continued to witness high-value mergers and acquisitions transactions in a variety of sectors, such as food manufacturing, real estate, banking, and retail.

Though the corporate bond market really needs to be developed in order to reduce the dependence of the economy on commercial banks, corporate bond issuance must be transparent and secure.

The total value of the top 50 Vietnamese brands in 2019 unveiled by Forbes Vietnam is estimated at over US$9.3 billion, up US$1.2 billion from the figure announced last year.

Authorities have announced a list of transactions that will have to be made via banks in some areas in a move to boost non-cash payments.

Prices of tra fish have dropped to the lowest level in 10 years due to export difficulties, according to the Ministry of Agriculture and Rural Development’s Agricultural Market Development and Processing Department.

Ho Chi Minh City’s realty sector experienced a hazy first half of the year, with dwindling supply of both high-end and pocket-sized apartments, according to insiders.

Apart from epidemics, difficulties in exports, especially those to China, are also an important factor for the fall in Vietnam’s agriculture growth in the first half of this year. 

Farm produce processing industry urged to tap potential

The bump in FDI during the first six months of the year is expected to continue as a number of factors take hold.

A large number of Chinese P2P companies in Vietnam have created unfair competition and caused confusion among customers, as some recruited Vietnamese as representatives.