As he steps into his role as the supremo of Laos’ communist party, Prime Minister Thongloun Sisoulith faces a diplomatic brief with a twist: continuing to appear loyal to older ally Vietnam even as …
VIETNAM BUSINESS NEWS JANUARY 20
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has agreed to provide 1.5 trillion VND (65.1 million USD) in credit for the PetroVietnam Gas Corporation (PV Gas) to finance …
Vietnam’s e-wallet Gpay draws funding from S.Korean financial firm in Series A investment
According to the announcement, KB Financial Group invested VND425 billion (US$18.4 million) in Gpay through KB Securities, its representative in Vietnam. With the announcement ceremony on Tuesday, the …
Global finance centre reboot on the cards
After long delays, Vietnam will begin implementing a plan to establish an international financial centre as a core pillar of contemporary global finance, thus putting the country’s profile onto the …
The giddy rise of Vietnam’s steel billionaire
Tran Dinh Long, dubbed the “king of steel,” had no experience in the steel industry when he decided to enter it anyway in the mid-90s.
Impressive 2020 for Vietnam’s corporate bond market
Following uptrends in recent years, corporate bond issuance volume set another record, according to preliminary data from FiinGroup, a Vietnamese provider of financial data and business information.
Top Vietnamese leader congratulates new President of Kyrgyzstan
Party General Secretary and State President Nguyen Phu Trong on January 19 extended a congratulatory message to Sadyr Japarov on his election as President of Kyrgyzstan.
Exclusive: Japan uses ‘environmental’ fund to finance Vietnamese coal plant
The Japan Bank for International Cooperation approved a loan to the controversial Vung Ang 2 coal project from a facility intended for “environmental preservation” …
Alibaba and Shopee clash in Vietnam as Asia’s ecommerce war rages
Shopee is known for free deliveries. “From the beginning, Shopee has been geared toward low fees. People associate it with free shipping,” Ngoc told Nikkei Asia. Free deliveries and low commissions …
Vietnam Airlines to raise up to $347M
Vietnam’s State Capital Investment Corp (SCIC) plans to invest eight trillion dong ($347 million) in Vietnam Airlines JSC (HVN). The amount is equal to 25 per cent of HVN’s charter capital.