Cambodia Angkor Air (K6, Siem Reap) is set to see new investors in the form of private equity investors after 49 percent of it’s shares, owned by Vietnam Air, changed hands for $49 million. Vietnam Airlines held a total of 59% of Cambodia Angkor Air’s capital, with 49% controlled by the airline directly and 10% […]
Read MoreThe Hanoitimes – Vietnam’s insurance market remains highly attractive for foreign investors though the coronavirus pandemic impacts on the industry in the short term, Truong Vinh Phuc, partner of Audit Services at KPMG Vietnam, told Hanoitimes. To what extend has the insurance industry in Vietnam been hurt by the Covid-19 pandemic? The Covid-19 pandemic has had […]
Read MoreThe Hanoitimes – A number of exporters have complained of a lack of transparency in customs declaration for rice export. At a recent government meeting on rice export in the context of Covid 19 pandemic, saltwater intrusion and drought, Deputy Prime Minister Trinh Dinh Dung said it is necessary to carefully consider rice exports to ensure […]
Read MoreThe Hanoitimes – A representative of the trade ministry, however, suggested measures should be in compliance with current regulations and international agreements that Vietnam is a part of. State-run Vietnam Oil and Gas Group (PVN) has proposed to temporary halt oil imports as global oil prices have crashed recently. However, Nguyen Viet Son, head of the […]
Read MoreThe Hanoitimes – In the East Asia and Pacific region, Vietnam ranked third after China and the Philippines. Vietnam was the ninth largest remittance recipients globally with an inflow of US$17 billion in 2019, accounting for 6.5% of its GDP and slightly increasing from US$16 billion received in 2018, according to the World Bank’s latest data. […]
Read MoreThe Hanoitimes – On top of weak economic activity and low credit demand, the Covid-19 crisis macroprudential measures announced by the central bank will weigh heavily on banking sector profits for 2020. Fitch Solutions, a subsidiary of Fitch Group, has revised its credit growth forecast for Vietnam to 8% in 2020, from 11% previously, due to […]
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Thailand
