uber and vietnams number one fintech firm shake hands on strategic alliance

Uber and Vietnam’s number one fintech firm shake hands on strategic alliance

Uber today officially became the strategic partner of Vietnam-based mobile electronic payment platform MoMo, with the intent of integrating a wholly digital payment experience into the leading ride-hailing online application.
new amendment denies dual roles for heads of cis

New amendment denies dual roles for heads of CIs

Under the new amendment of the Law on Credit Institutions (CIs) to come into effect on January 15, 2018, executives of credit institutions are not permitted to be members of another enterprise’s board of directors (BOD).
pastime for the high and mighty dodge ball with taxes

Pastime for the high and mighty: dodge ball with taxes

In late October, the recently disclosed Paradise Papers spilled the beans on the concealed wealth of the world’s elite, including prominent Vietnamese tycoons as well as world-renowned, influential politicians and entrepreneurs.
vietcombanks 15 million back to back divestments

Vietcombank’s $15 million back-to-back divestments

From the latest two divestments from Saigonbank and CFC, Vietcombank earned a total of $15 million, stepping up among the top 48 most profitable financial institutions across Asia.
hanwha life vietnam launches health is wealth insurance package

Hanwha Life Vietnam launches “Health is Wealth” insurance package

On November 21, Hanwha Life Insurance Co., Ltd. (Hanwha Life Vietnam) officially launched the new insurance package called “Health is Wealth” in Ho Chi Minh City, with the intent of delivering optimal insurance services to promote individuals and households’ overall well-being in Vietnam.
na gives unprecedented approval to bank bankruptcy

NA gives unprecedented approval to bank bankruptcy

On November 20, National Assembly (NA) officially passed the amended Law on Credit Institution (CI), which will be effective from January 15, 2018.
investment paradise vietnam catches eye of silicon valley venture capital firm

Investment-paradise Vietnam catches eye of Silicon Valley venture capital firm

Silicon Valley-based Fenox Venture Capital announced intentions to pour capital into Vietnam after immense investments in Indonesia in the last several years.
tran anh reveals larger loss before mwg merger

Tran Anh reveals larger loss before MWG merger

On the verge of a merger with Mobile World Investment Corporation (MWG), Tran Anh Digital World JSC (Tran Anh Digital) revealed a net loss of VND11.8 billion ($519,672), exceeding the net loss stated in its self-reported financial statement by VND4.8 billion ($211,392).
petrolimex stocks fall with sinking performance

Petrolimex stocks fall with sinking performance

Vietnam National Petroleum Group (Petrolimex, coded PLX), has witnessed a sharp drop in share prices after a vast wave of investors started selling its stocks and setting up stock discounts, following the drop in profitability since April 2017.
alipay signs with napas to take on vietnam

Alipay signs with Napas to take on Vietnam

Alipay, the leading online payment platform under Alibaba from China, signed a business co-operation agreement  with National Payment Corporation of Vietnam (Napas) on November 6.
japanese apparel firm acquires leading vietnamese fashion brand nem

Japanese apparel firm acquires leading Vietnamese fashion brand NEM

On November 8, Stripe International, a Japanese apparel manufacturing giant, announced the acquisition of NEM Group’s apparel brand after the firm’s official announcement on August 8 to schedule the business acquisition.
zara welcomes first customers in hanoi

Zara welcomes first customers in Hanoi

On November 8, Zara opened its first store in Hanoi’s top-of-the-line Vincom shopping mall chain.
monsantos answer to vietnams burgeoning nutrition demand

Monsanto’s answer to Vietnam’s burgeoning nutrition demand

Dekalb Vietnam, a Monsanto's subsidiary, and the Institute of Preventive Medicine and Public Health (IPMPH) of Hanoi Medical University (HMU) today co-hosted a research scholarship awards ceremony with a total grant value of over VND1.3 billion ($60,000) and a conference on food and nutrition safety.
vincom retail to reach 28 billion market cap

Vincom Retail to reach $2.8-billion market cap

On November 6, Vincom Retail, a subsidiary of Vingroup Corporation, launched the sale of 1.9 billion shares listed on the Ho Chi Minh City Stock Exchange (HOSE), becoming a billion-dollar enterprise with the market capitalisation of roughly $2.8 billion.
legal system frowns at silicon tech giants

Legal system frowns at Silicon tech giants

Facebook, Google, Viber, and Amazon are required to set up their own servers in Vietnam in accordance to the Draft Cyber Security Law, which could be a challenge.