Central bank eases control over corporate bond buybacks
HCMC – The State Bank of Vietnam (SBV), the central bank, is providing much-needed support for the illiquid corporate bond market by making it easier for local banks and branches of foreign banks to buy back corporate bonds. On April 23, the SBV issued Circular 03/2023, suspending Clause 11,
FPT Telecom wants to spend 87 million USD to invest in undersea fiber optic cable
FPT Telecom is expected to participate in the ALC undersea cable with a total investment of 87 million USD, of which 30% is equity.
Vinh Hao-Phan Thiet expy opened to traffic on May 19
HCMC – Mai Son-National Highway 45 and Phan Thiet-Dau Giay expressways will be opened to traffic on April 29 while Vinh Hao-Phan Thiet expressway will be put into service on May 19. On April 24, the Ministry of Transport issued an inauguration ceremony agenda for the eastern North-South Expressway
Multiple realty firms exit market in Jan-Mar
HCMC – The number of real estate businesses pulling out of the market surged in the first quarter of this year while new market entrants dropped sharply, according to the Ministry of Construction, At a press conference on April 24, Hoang Hai, director of the Housing and Real Estate Market
Shrimp exports plunge in Q1
HCMC – Shrimp exports from January to March fell 37% over the same period in 2022 to US$600 million, showed data from the Vietnam Association of Seafood Exporters and Producers (VASEP). Shrimp exports in March contributed US$265 million to the first-quarter value, 33% lower than the year-ago
500 counts of Muong Thanh Group's Chairman deceiving Vietnamese home buyers
Thanh Than Group's Chairman was accused of illegal building construction, and many apartments in Ha Dong District, Hanoi, and cheated nearly 500 apartment buyers.
HCMC lacks industrial land for FDI projects
HCMC – The city is running short of industrial land for big foreign direct investment (FDI) projects, said HCMC Chairman Phan Van Mai. Speaking during a hybrid meeting with foreign investors chaired by Prime Minister Pham Minh Chinh late last week, Mai said the city now lacks large locations of
Vietnam to allow online business registration
HCMC – Starting from July 1 this year, investors can register business online, making the business registration process simple and easy, particularly for household businesses. The Ministry of Planning and Investment has issued a circular amending and supplementing regulations on online business
Muong Thanh chairman prosecuted after three-year investigation
HCMC – The Hanoi People’s Procuracy has issued an indictment against Le Thanh Than, chairman of Muong Thanh Group, for alleged consumer fraud and lack of responsibility, causing serious losses in the CT6 Kien Hung residential project in Kien Hung Ward, Ha Dong District, Hanoi City. There are six
Differences in global branding strategies of Vingroup, Viettel, and FPT - A retrospective review
Vingroup's Chairman of the Board of Directors (BOD) once said: "The problem of going abroad of Vingroup is not profit-oriented, but the orientation is to plant a flag. Then plug it into the most majestic place and still be able to do business for it."
Market improves but uncertainty looms
The corporate bond market has changed for the better, with a huge volume of bonds issued in March. Whether the market recovery trajectory stays the course is uncertain. Back on track? Data collected by the Vietnam Bond Market Association from the Hanoi Stock Exchange and the State Securities
Domestic tourism–a rough road ahead
Vietnam saw a robust surge in domestic tourism last year, with over 101 million travelers reported, well above the pre-pandemic annual level. This is a vital impetus for the tourism sector amidst a scarcity of international visitors. However, many businesses have recently expressed concerns over a
