The Hanoitimes – Vietnam continues to be one of Thaibev’s core markets and is an integral part to its goal of becoming a stable and sustainable leader in Southeast Asia’s beverage industry, stressed Thaibev. Thai Beverage Public Company (ThaiBev) has refuted rumors of seeking buyers for Vietnam-based major brewer Saigon Beer Alcohol Beverage Corporation (Sabeco), announced […]
Read MoreThe Hanoitimes – Besides rapid urbanization, the rising income of consumers is one of the reasons for the booming of the Vietnamese retail market. The entry of new players into the Vietnamese retail market has forced some old ones out and experts said that only big players with understanding of local needs could survive. Most foreign […]
Read MoreThe Hanoitimes – Moody’s rating actions on the 18 banks are driven purely by the sovereign rating action, and do not reflect a weakening of the banks’ standalone financial profiles. Moody’s Investors Service has changed the outlooks on 15 Vietnamese banks to negatives from ratings under review for downgrade after taking the same action on the […]
Read MoreThe Hanoitimes – This move is part of Vingroup’s restructuring process, aiming to reallocate its resources to core businesses of industry and technology to compete globally, said a company executive. The merger of ecommerce platform Adayroi, operated by Vingroup’s retail arm VinCommerce, into the conglomerate’s ecosystem VinID and the dissolution of its electronic retail business VinPro […]
Read MoreThe Hanoitimes – The negative outlook reflects some ongoing risk of payment delays on some of the government’s indirect debt obligations. Moody’s Investors Service late on Wednesday confirmed the Government of Vietnam’s Ba3 local and foreign currency issuer and senior unsecured ratings, but changed the outlook to negative, concluding the review for downgrade that was initiated […]
Read MoreThe Hanoitimes – Vietnam’s economy is expected to grow 6.8% this year before slowing to 6.5% in the next few years. The foreign sector and domestic consumption remain the main drivers of Vietnam’s stellar economic expansion over the past years amid slower credit growth and sluggish disbursement of public investment, a senior World Bank (WB) economist […]
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