mekong capital focuses on consumer goods

Mekong Capital focuses on consumer goods

Eyeing great improvements in the macro-economic environment and ample growth opportunities in Vietnam, Vietnam-focused private equity company Mekong Capital remains determined to see a strong year based on the launch of its fourth investment fund, the Mekong Enterprise Fund III this year.
swiss franc impact vietnamese overseas

Swiss franc impact Vietnamese overseas

The franc surged after the Swiss central bank abandoned its bid to artificially keep its value down, a move which has taken a profound toll on a number of Vietnamese residing overseas, especially those in Eastern Europe.
record high overseas remittances

Record high overseas remittances

In recent years, Vietnam is one in ten countries receiving the largest amount of overseas remittances and in 2015 alone, the overseas remittances is estimated to reach between $13 billion to $14 billion according to the State Bank.
vietnam considers six bank mergers in 2015

Vietnam considers six bank mergers in 2015

Vietnam will be expecting six bank mergers and acquisitions as part of an effort to clean up Vietnam’s banking sectors in 2015.
forex rate goes up 1 pc

Forex rate goes up 1 pc

The State Bank of Vietnam (SBV) has officially changed the inter-bank’s forex exchange rate as of January 7 from VND21,246 per USD to VND21,458 per USD.
coffee prices in sharp fall

Coffee prices in sharp fall

Coffee prices have opened 2015 in a downward spiral on both the domestic and international markets.
sbv aims to get bad debts to below 3 pc

SBV aims to get bad debts to below 3 pc

The Vietnamese government is determined to bring total bad debts down to 3 per cent in 2015, well below last year’s 5.43 per cent.
sbv allows foreign currency lending to continue through 2015

SBV allows foreign currency lending to continue through 2015

The State Bank of Vietnam has just issued a new circular allowing credit institutions to continue offering short-term foreign currency loans to the end of 2015.
bank sector flourishes in 2014

Bank sector flourishes in 2014

The National Financial Supervisory Commission (NFSC) recently released its report on the economy in 2014 and perspectives for 2015 citing strong achievements in the banking sector.
vietnam plans another 1b international bond issue

Vietnam plans another $1b international bond issue

Vietnam is looking to hold another international issue of 10-year government bonds valued at $1 billion in an effort to refinance its existing obligations.
vietnam beats economic growth target

Vietnam beats economic growth target

Vietnam’s economic growth accelerated in the last two quarters of 2014 as banks improved their credit growth and rising foreign investment boosted exports.
banknetvn mergers with smartlink

Banknetvn mergers with Smartlink

Vietnam National Financial Switching JSC (Banknetvn) and Smartlink Card Services JSC (Smartlink) have officially signed a merge agreement on December 25.
lg electronics leases more land in trang due ip

LG Electronics leases more land in Trang Due IP

LG Electronics yesterday signed a land-lease agreement for the second stage of the firm’s investment expansion in the northern port city of Haiphong following the successful implementation of the first phase.
world banks fund for the poorest allocates 55m to ha nam province

World Bank’s Fund for the Poorest allocates $55m to Ha Nam province

Ha Nam province now has access to the financial means it needs to improve the lives of local people thanks to funds provided by the World Bank.
moodys raises vietnam credit rating

Moody’s raises Vietnam credit rating

Moody’s Investors Service has raised its outlook on Vietnam’s banking system to stable from a negative assessment, noting improvements in economic stability and operating environment for lenders.