The 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 […]
Read MoreThe Hanoitimes – Vietnam is shining bright on foreign funds` radar. Vietnam expects to receive a large foreign investments flowing into its markets in the near future after many big institutional investors have recently come to the country to explore investment opportunities. A close source, which declined to be named, revealed that among the investors, one […]
Read MoreThe Hanoitimes – By the end of 2017, total outstanding consumer loans reached over US$5 billion. The consumer finance market, however, remains huge potential for development. Vietnam’s consumer finance market is witnessing new players, promising a fierce competition for customers, VnExpress reported. On October 1, EVN Finance Company announced its foray into the market with the […]
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