voting citizens rights and duties

Voting - Citizens’ rights and duties

The right to vote is a basic right of citizens according to the provisions of the law in selecting representatives to the organs of State power.
will kasikornbank purchase citibanks retail business arm

Will Kasikornbank purchase Citibank’s retail business arm?

Kasikornbank – Thailand’s second largest financial institution – is allegedly a potential bidder to purchase Citibank’s retail business arm to increase its foothold in the wealth management, consumer lending, and credit card sectors.
new covid 19 infections decrease in laos cambodia

New COVID-19 infections decrease in Laos, Cambodia

The COVID-19 pandemic in Laos has been gradually controlled with new infection cases falling, especially in major cities.
hanois office market increasingly attractive to foreign tenants savills hanoi

Hanoi’s office market increasingly attractive to foreign tenants: Savills Hanoi

Hanoi’s office market is said to be more attractive than its counterparts in other Southeast Asian cities and even in the Asia-Pacific region because of cheaper rentals and greater supply, according to real estate consultants Savills Hanoi.
vital action underway amid covid 19 return

Vital action underway amid COVID-19 return

Vietnamese cities and provinces are taking bolder urgent actions, with some implementing social distancing, in an attempt to stave off increasing numbers of COVID-19 infections, for fears of a new wave.
citis digital growth benefiting institutional clients

Citi’s digital growth benefiting institutional clients

Citi Vietnam was recently named Digital Bank of the Year by The Asset magazine. Interim Vietnam Citi country officer Lai Minh Thuy shared with VIR’s Phu Canh her views on the digital focus of the bank in recent years and the recent announcement on exiting from the consumer bank business in Vietnam.
japan airlines logs 26 billion loss over pandemic

Japan Airlines logs $2.6 billion loss over pandemic

Japan Airlines posted an annual net loss of $2.6 billion Friday but did not release a forecast for the current financial year, citing uncertainty around the coronavirus pandemic.
vietnam extends time at centralised quarantine from early may 5

Vietnam extends time at centralised quarantine from early May 5

The Ministry of Health has sent a document to cities and provinces, proposing to extend quarantine time in centralised quarantine areas starting from early May 5 to curtail community transmission.
vietnamese cities close public venues over covid 19 resurgence

Vietnamese cities close public venues over COVID-19 resurgence

Chairman of Hanoi People’s Committee Chu Ngoc Anh has signed Document No.06/CD-UBND, ordering the closing of non-essential services from 5 pm of May 3 as COVID-19 community infections have taken a more serious scale.
bright potential for urban branded residences

Bright potential for urban branded residences

In key cities of Vietnam, the demand for residential properties is high and sophisticated buyers are looking for different luxury products to suit their lifestyles. This mirrors the trends worldwide, where the number of branded residences have been constantly increasing to cater to the growing and globally-mobile high-net-worth population.
frantic interest not reflecting land value

Frantic interest not reflecting land value

Vietnam’s real estate has been at the forefront of attention in recent times with wild increases in land prices and plans outlined to rezone major cities. Hoang Nguyet Minh, director of Commercial Leasing for Savills in Hanoi, told VIR’s Hoang Oanh about the impact of the land price hike on attracting foreign investment in the real estate market in the capital.
index results spark reforms in vietnamese metropolises

Index results spark reforms in Vietnamese metropolises

Despite strong efforts, major cities like Hanoi and Ho Chi Minh City are still lagging behind in the 2020 Provincial Competitiveness Index, triggering concerns over the efficacy of their reforms.
citigroup in retreat from retail banking

Citigroup in retreat from retail banking

Facing challenges from local rivals, some foreign financial institutions have withdrawn their retail banking businesses in Asian markets, including in Vietnam, and placed their priority on institutional customers. 
foreign bank moves pointing to repositioned focus

Foreign bank moves pointing to repositioned focus

Banking giant Citigroup has decided to shut down its retail division in 13 markets, including Vietnam, to reset focus on institutional clients. Kent Wong, partner, head of Banking and Capital Markets at VCI Legal, explained to VIR’s Celine Luu why some foreign lenders are withdrawing, and how fierce the competition between international and locally-invested banks is in Vietnam.
danang parades investing advantages

Danang parades investing advantages

Continuously ranked at the top of the leading cities and provinces in the national Provincial Competitiveness Index, Danang has emerged as one of Vietnam’s hotspots offering an outstanding investment environment.