The Hanoitimes – Vietnam’s market has 18 life insurers, of which only Bao Viet Life Insurance is Vietnamese while the rest are wholly foreign-owned companies or joint ventures. The domestic fast-growing insurance market has prompted many foreign companies to step up their presence in Vietnam in the past years. Vietnam’s insurance sector has targeted revenue of […]
Read MoreThe Hanoitimes – Vietnam`s nominal GDP in 2018 is forecast to grow over 6.7% to reach VND5,555 trillion (US$240.5 billion), leading to GDP per capita of US$2,540, up 6.3% year-on-year or US$155. Vietnam targets the GDP growth rate of 6.6 – 6.8% in 2019, Vice Minister of Planning and Investment Nguyen Van Trung was quoted by VnEconomy as […]
Read MoreThe Hanoitimes – The ministry has been requested to downsize its wholly-owned companies to 17 by end-2020. Vietnam’s Ministry of National Defense will step up the equitization and divestment drive of state-owned enterprises (SOEs) under its umbrella to downsize its SOE portfolio to 17 by 2020 from 88, an official has said. The ministry will sell […]
Read MoreThe Hanoitimes – The deal is in line with Vingroup`s target of having 200 VinMart supermarkets and 4,000 VinMart+ convenience stores by 2020. VinCommerce, a subsidiary of Vietnam’s largest privately-run conglomerate Vingroup, has completed the acquisition of the supermarket chain Fivimart from Nhat Nam Trade Company, according to local media reports. On September 27, Aeon, a […]
Read MoreThe Hanoitimes – The Party chief has boasted of results of the ongoing anti-corruption campaign. All the 12 socio-economic goals set for Vietnam this year are likely to be met or beaten, with the economy poised to expand 6.6-6.8%, reaching US$240.5 billion at the year-end, General Secretary of the ruling Communist Party Nguyen Phu Trong said […]
Read MoreThe Hanoitimes – Vietnam’s commitments to increase foreign equity caps in the telecommunications sectors under the EU-Vietnam Free Trade Agreement (EVFTA) will ease European investors to enter the country’s industry. Under the EVFTA, which is expected to take effect next year, in the telecom sector, Vietnam will raise the foreign equity cap in non-facilities based virtual […]
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