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Factors affecting bank profit outlook this year
08-08-2023 10:17
Although the profit picture of most banks was upbeat in the first half of this year, the factors that have a key impact on bank performance in the second half are forecast to change.
Success stories not hard to find at venture capital funds
08-08-2023 09:55
With a robust startup ecosystem and a growing pool of innovative entrepreneurs, Southeast Asia has become a hotbed for venture capitalists. Jussi Salovaara, co-founder and managing partner of Singaporean venture capital fund Antler, discussed with VIR’s Le Luu its comprehensive investment strategy to select the most promising startups, as well as their perspective on emerging trends.
Non-core ventures brighten business outlook
05-08-2023 10:53
Non-core investments have left a healthy mark on the general business picture in the first half of this year amidst the myriad hardships.
Boxers fight for international titles in HCM City
04-08-2023 16:28
The professional boxing series LEAD will be back with 12 thrilling bouts to be held at the Saigon Sports Club in Ho Chi Minh City on August 20.
Heineken profits slide as beer price hikes curb enthusiasm
03-08-2023 12:02
Dutch brewer Heineken on Monday lowered its earnings outlook for the full year after price hikes to counter soaring costs battered beer sales, pushing down profits in the first half.
Firms adopting innovative survival methods
03-08-2023 11:24
After the first month of the third quarter, firms across the board are still grappling with mounting hardships. There has been little sign of improvement in export order intake, which has even fallen below expectations.
Banking organisations seek VAT reduction addition
02-08-2023 10:53
The Vietnam Banks Association has proposed a 2 per cent VAT reduction for the entire banking sector, which is currently excluded from the list of sectors entitled to the tax cut.
Global treaty in sight for plastics battle
02-08-2023 10:29
Vietnam is joining the world’s efforts to formulate a legally binding treaty about plastic pollution, which has become a big menace for the country’s national development.
Outlooks lowered as weaker trade hampers 2023 growth
01-08-2023 14:00
Slow recovery in domestic production and continued global challenges are expected to leave Vietnam behind its economic growth target this year, with international organisations lowering their forecasts.
Historic support enters new phase for Japan and Vietnam
01-08-2023 09:36
Japan’s investment in Vietnam’s new sectors will expand thanks to a new scheme currently under discussion, expected to help increase bilateral trade.
Insurance firms tackle remediation process
01-08-2023 09:00
Recent financial inspections have exposed systemic irregularities in Vietnam’s life insurance sector, triggering swift remedial actions by firms including MB Ageas Life, Prudential Vietnam, BIDV MetLife, and Sun Life Vietnam.
PM directs settlement of Lam Dong landslide, response to heavy rains
31-07-2023 16:31
Prime Minister Pham Minh Chinh on July 31 issued a dispatch requesting efforts to overcome the consequences of a landslide in Bao Loc Pass, the Central Highlands province of Lam Dong, and preparedness against heavy rains in the Central Highlands and the south.
KfW bank and EVN set to expand Tri An hydropower plant
31-07-2023 14:24
Germany's KfW Development Bank and Vietnam Electricity (EVN) have agreed on terms for the expansion of the Tri An Hydropower Plant, with the plan to finance the project directly through KfW, circumventing the need for government guarantees.
Vietnam ascends global app development ranks: four firms enter Top 50
31-07-2023 09:06
Four Vietnamese app developers have been spotlighted among the Top 50 global companies, boasting new applications that have each garnered over 100,000 downloads in 2022. This noteworthy development was outlined in a recent report by the data analytics firms, DataAI and AppMagic.
Gilimex suffers record loss after Amazon abruptly scales down orders
28-07-2023 20:09
Amazon's sudden reduction in demand has led to an overcapacity of production for partner company Gilimex, resulting in record losses and a drastic impact on Garmex Saigon's financial situation, leading to significant revenue decline and workforce reduction.
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