taiwanese firms rapped for sluggish developments

Taiwanese firms rapped for sluggish developments

Vinh Phuc People’s Committee has accused two leading Taiwanese electronics outsourcing manufacturers, Foxconn and Compal, of violating Vietnam’s law as they have delayed their industrial park and manufacturing projects in the province since 2007.
new port up for tender despite sluggish demand

New port up for tender despite sluggish demand

Despite the abundant port capacity in Cai Mep - Thi Vai port complex which is pushing some rival port operators close to bankruptcy, the government has decided to put a new terminal up for lease this year.
mergers and acquisitions at local firms split opinions

Mergers and acquisitions at local firms split opinions

As foreign firms increase their involvement in local companies via the increased trend towards mergers and acquisitions, there is growing concern that it could threaten the nation’s economic security.
minister offers new fdi incentives

Minister offers new FDI incentives

Vietnam will offer foreign investors more incentives as the nation has lagged behind regional rivals such as Thailand and Indonesia in attracting overseas capital.
regulations throttle engine plant

Regulations throttle engine plant

Truong Hai Auto Corporation’s engine manufacturing plant, the first of its kind in Vietnam, is being threatened by closure as its engines may not satisfy emission standards set out in the Vietnamese government’s roadmap.
kbcs trang due ip to offer preferential incentives

KBC’s Trang Due IP to offer preferential incentives

The Government Office of Vietnam has just announced the addition of Trang Due Industrial Park into Dinh Vu – Cai Hai Economic Zone in northern Haiphong port city, allowing investors in the park to enjoy more preferential incentives.
free atm cash withdrawals help anz expand retail segment

Free ATM cash withdrawals help ANZ expand retail segment

While many local banks are charging cardholders ATM cash withdrawals, ANZ Vietnam offers free withdrawal service for its Visa debit cards. This will benefit both customers and the bank in long term, Duong Duc Hung, head of retail banking at ANZ Vietnam, tells VIR’s Ngoc Linh.
depreciation irks manufacturers

Depreciation irks manufacturers

The latest depreciation of dong could spur exports but it raises concerns for foreign manufacturers in Vietnam, which have to largely rely on imported materials and components for production.
ifc helps vietinbank improve trade financing for vietnams importers and exporters

IFC helps VietinBank improve trade financing for Vietnam’s importers and exporters

Vietnam Joint Stock Commercial Bank for Industry and Trade, better known as VietinBank, today received a $120 million trade finance facility from International Finance Corporation that allow the bank to help local companies increase their imports and exports, generate foreign exchange, and create jobs.
free atm cash withdrawals for anz visa debit cardholders

Free ATM cash withdrawals for ANZ Visa debit cardholders

ANZ Vietnam announced that ANZ Visa debit cardholders will enjoy free cash withdrawals across the Visa network, which comprises 13,000 ATMs of 19 banks in Vietnam.
siemens and vinamotor roll out first hybrid bus

Siemens and Vinamotor roll out first hybrid bus

Siemens and Vinamotor yesterday launched the first prototype of the hybrid-drive bus with Siemens ELFA drive technology.
anz gets green light to open in myanmar

ANZ gets green light to open in Myanmar

ANZ has got the thumbs up to open a representative office in Myanmar.
equity firm shuffles deck

Equity firm shuffles deck

Vietnam-focused private equity firm Mekong Capital is planning to divest from five companies this year and next year as part of its restructuring plan to prepare for future growth.
ho tram resort gambles that it can woo the public

Ho Tram resort gambles that it can woo the public

The opening of long-awaited and much-touted Ho Tram Strip, the first casino integrated resort in Vietnam, has come a step closer.
anz to reshape saving mindsets

ANZ to reshape saving mindsets

Retail investment banking has yet to find a home in Vietnam. But with other investment channels like real estate, gold and stock markets are ailing, ANZ has a chance to introduce more investment products into the country. Sanjoy Sen, managing director of ANZ’s Retail Banking Asia Pacific, puts VIR’s Ngoc Linh in the picture.