digital transformation the key to sustainable development

Digital transformation the key to sustainable development

We are living in a decade where science and technology have brought tangible changes to every aspect of our lives. It’s also in this decade when climate change has accelerated at an unprecedented rate. Such context poses a crucial challenge for businesses to shape and transform into more sustainable, comprehensive and flexible business models.

$1.3bn Disney-theme park nearer

California-based Good Choice USA last week got an official investment certificate to develop a $1.3 billion Disneyland-style them park in the coastal town of Vung Tau, near Ho Chi Minh City.
vietsec probed in gold scam

VietSec probed in gold scam

Vietnamese authorities are probing foreign-invested firms for alleged illegal fund raising to trade gold and foreign currencies on international online stock exchanges.
vof eats into pho 24 chain

VOF eats into Pho 24 chain

The London stock exchange-listed Vietnam Opportunity Fund (VOF) has inked a deal to acquire a 30 per cent stake of Pho 24, which operates the Vietnamese traditional fast food chain.
exchange expands to 3x daily

Exchange expands to 3x daily

Vietnam’s burgeoning stock market plans to raise order matching from twice a day to thrice daily to meet increasing demand from investors, the exchange’s watchdog body has said.
hsbc shells out 173m for a techcombank stake

HSBC shells out $17.3m for a Techcombank stake

The Hong Kong and Shanghai Banking Corporation Limited (HSBC), last week, inked a deal to buy 10 per cent of Vietnam Technological and Commercial Joint Stock Bank (Techcombank), the third foreign bank to buy into a Vietnamese lender.
ssc approves new fund

SSC approves new fund

The State Securities Commission (SSC) has granted a licence to the Bank for Foreign Trade of Vietnam (Vietcombank) to set up a securities investment fund management joint-venture company.
job seeking no longer hard labour

Job seeking no longer hard labour

Job seekers are in a better position to find work following a second quarter increase in demand for labour.The news comes from the Vietnam Employment Indicator – a book that measures supply and demand in the labour market based on the number of job opportunities and resumes advertised on the leading job website, Vietnamworks.com.
paragon to build on firm demand

Paragon to build on firm demand

Paragon Corporation last week started construction on its high-rise office and commercial building at the new Phu My Hung urban centre in Ho Chi Minh City’s District 7, which aims to fill the demand for office space from high-end businesses.

Striking workers could face loss of earnings

Workers who strike will not be paid for the days they take action, even if their strike is legal, according to a draft ordinance awaiting approval.
world bank gives leg up to furniture makers

World Bank gives leg up to furniture makers

The World Bank’s financing arm, International Finance Corporation (IFC), has decided to loan $14 million to two furniture makers to help boost their financial capacity and business.
bidv signs off on 355m in loans

BIDV signs off on $35.5m in loans

The Vietnam Bank for Investment and Development (BIDV) last week signed two contracts to provide loans to Chains Caravelle Joint Venture Company to refinance its operation, and the Phu My Bridge project in Ho Chi Minh City.
bonds to rescue stalled projects

Bonds to rescue stalled projects

The Ho Chi Minh City Infrastructure Investment Joint-Stock Company, better known as CII, plans to issue VND100 billion ($6.3 million) in convertible bonds to raise funds to finish stalled public works in the southern city.
deal heralds new sjv era

Deal heralds new SJV era

The State Securities Commission (SSC) has approved a landmark deal that will allow a Vietnamese securities company to join forces with a foreign partner for the first time.
sacombank leads quest for capital

Sacombank leads quest for capital

The country’s largest joint-stock bank said it planned to increase its chartered capital, part of a wave of banks that have announced plans to do the same this year.