options open for overseas investors

Options open for overseas investors

Two of the largest commercial banks in South Korea, Shinhan Bank and Woori Bank, have established 100 per cent subsidiaries in Vietnam, growing into successful foreign lenders with increases in deposits and loans.
vintech opens first office overseas

VinTech opens first office overseas

Opening a tech company (VinTech) in South Korea to research applied IoT technologies, Artificial Intelligence, robotics, smart manufacturing plants, and to develop products and solutions for vehicles and transportation will allow Vingroup to develop other tech companies in the US, Japan, Israel, and China.
overseas financiers outline obstacles

Overseas financiers outline obstacles

With the voice of foreign ­investors gaining more weight in the crafting of Vietnam’s ­Securities Law, efforts to ­facilitate further growth of its capital market are taking place with a review of the ­implementation of non-voting depository receipts.
petrovietnam explores overseas options

PetroVietnam explores overseas options

The PetroVietnam Group will spend $2.35 billion developing 25 petroleum projects in countries of the former Soviet Union, as well as in Venezuela and elsewhere in Latin America.
overseas remittances under downward pressure

Overseas remittances under downward pressure

Although the amount of remittance flows into Ho Chi Minh City in the first eight months of 2017 slightly increased compared to the same period last year, it is forecasted that the city’s overseas remittances might still decrease by the end of the year, mainly due to pressure from the Federal Reserve System's (Fed) policy.
hcmc asks more from its overseas vietnamese

HCMC asks more from its overseas Vietnamese

Overseas Vietnamese are an inseparable part of Việt Nam and though they live abroad, their hearts are always with the country, a delegation heard at the third overseas Vietnamese conference, which closed on yesterday in HCM City.
vietjet suspends overseas listing

Vietjet suspends overseas listing

Vietnam’s only private airline Vietjet will suspend the implementation of its listing overseas due to overly complex procedures, according to newswire Financial Times.
more cash pours in from overseas vietnamese

More cash pours in from overseas Vietnamese

The World Bank predicts inward remittances will increase by more than 6 per cent this year, based on the amount of last year.
vinamilk boosts overseas presence

Vinamilk boosts overseas presence

Vietnam Dairy Products Joint Stock Company (Vinamilk) has completed the $3 million sale of its remaining shares in US dairy and food company Driftwood Dairy Holding Corporation and inaugurated a $23 million dairy processing plant in Cambodia, attesting to Vinamilk’s efforts to extend its global reach.

Vincom to sell shares overseas

HCM City-listed Vincom will sell a maximum of 93 million shares on the Singapore market to raise capital to complete its ongoing projects and to increase its working capital.
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.
survey charts overseas remittances

Survey charts overseas remittances

Most overseas remittances to Viet Nam have been used for meeting daily expenses and for purchasing gold, according to the Central Institute for Economic Management (CIEM).
overseas remittances continue to increase

Overseas remittances continue to increase

HCM CITY -  Overseas Vietnamese have remitted nearly US$2.8 billion through HCM City-based banks in the first eight months of this year, 6.2 per cent higher than in the same period last year, according to the deputy head of the State Bank of Viet Nam's city branch.
new rules on remittances of profits overseas

New rules on remittances of profits overseas

Regulations restricting remittances of profit overseas are of considerable concern to foreign investors. Which makes it surprising that no new regulations have been issued to govern this topic since the approval of the Law on Investment back in 2005 – leading to a situation of "new law, old guidance".
more overseas vietnamese embrace their homeland

More overseas Vietnamese embrace their homeland

Almost 1,000 oversea Vietnamese worldwide gathered in Ho Chi Minh City last week to strengthen unity among Vietnamese people.
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