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Italian businesses pivot from China to Vietnam
Following the trend of many international groups that are leaving China, a number of Italian firms are shifting investments from China to Vietnam to benefit from cheap labour costs and the EU-Vietnam Free Trade Agreement.
Beneath pharma growth, a problem
Vietnam’s pharmaceutical market has blossomed in recent years. But while providers are making great profits, patients are suffering due to the increasingly high prices of medicine.
VND0 takeover or bankruptcy?
The method of acquiring weak banks at VND0 is officially adopted on the draft law on supporting the restructuring of credit institutions and non-performing loan (NPL) settlement, composed by the State Bank of Vietnam (SBV).
Risk provisions remain principal burden on banks
Although their business operations have shown brighter prospects and many banks are planning to earn trillions in profit this year, the risk provision pressure remains a significant burden.
TPG Asia sets to become the majority shareholder of VAS
Global alternative asset firm TPG has just entered into a definitive agreement with the shareholders of Vietnam Australia International School to become a majority owner.
Scantech rides the Industry 4.0 wave
3D technology is the core technology of Industry 4.0, which will connect the Vietnamese business landscape even more profoundly with the world. Nguyen Minh Khoi, general director of Scantech Vietnam JSC, told VIR’s Phuong Thu how this shift will transform business opportunities for his firm.
Viettel holds upper hand in final phase of 4G race
4G is going to be officially launched and this will open up a new race among Vietnamese network providers.
Dragon Capital signs joint venture to expand in Myanmar
Dragon Capital Group and Ruby Hill Financial Company, a member of Loi Hein Group from Myanmar, have agreed today to set up Ruby Hill Microfinance, a new microfinance firm based in Yangon, Myanmar.
Consumer electronics retail losing its appeal
As the two dominating names in consumer electronics retail, Mobile World Investment Corporation (MWG) and FPT, are slowing down or trying to branch out, it seems that consumer electronics in Vietnam is losing its allure.
GoBear Vietnam gives 2-people Singapore tour to lucky website user
In celebration of the upcoming launch of its travel insurance comparison product on its website gobear.com/vn, GoBear Vietnam will host a small online competition for users with the special prize being a 2-people Singapore tour worth of VND20 million ($880).