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DHL opens new service centre in Binh Duong
On January 3, 2018, DHL Express, the world’s leading international express services provider, opened its new DHL Service Centre in Binh Duong province’s Thu Dau Mot city.
Three strategic breakthroughs for socioeconomic development in 2018
The government has just proposed major measures to facilitate socioeconomic development in 2018, including the implementation of three strategic breakthroughs and facilitating the country’s progress in Industry 4.0.
Lotte comes out with new retail model in Vietnam
The Republic of Korean conglomerate Lotte is expanding its retail footprint in Vietnam with supermarket chains, department stores, e-commerce, and most recently, duty free stores.
Angels find their calling in tech startup incubator
The enthusiasm and passion for business found in much of the local youth could make Vietnam a future incubator for startups. Is this enough for the country to build up its own Silicon Valley?
Foreign banks try new local tactics
The Year of the Rooster has been a rollercoaster ride for foreign banks in Vietnam: one received a licence to expand, two trimmed down their business scopes, while others decided to divest their stake in domestic banks.
Banks’ profit skyrockets due to credit growth
Due to the recovery of the credit market throughout the year 2017, plenty of banks announced positive business performance with increased profits whilst fostering asset trading, risk management, and control over non-performing loans.
Government Inspectorate calls attention to multiple violations at Vietcombank
Bank for Foreign Trade of Vietnam (Vietcombank) was found in numerous counts of violations in its credit activity, selling bad debts, financial investments, and property sales and purchases, according to the conclusion of the Government Inspectorate
When it gets cold, it’s time for some greasy seaworms
Every late Autumn, when sunbeams gently light up trees, turning them yellow, and light cold front approaches in the north, the ruoi (seaworm) season begins, as it has done for a thousand years.
Laguna Lang Co to receive casino add-on by 2021
Once the casino project under Laguna Lang Co integrated complex is approved, the investor plans to develop and take the casino into operation by 2021 with 500 electronic gaming machines and 50 card shufflers. These figures will increase four times by 2029.
Sojitz Corporation targets Vung Tau Airport relocation project
Large-scale Japanese business Sojitz Corporation expressed intentions to co-operate with Song Hong Investment Construction Trading JSC to implement the relocation of Vung Tau Airport to Go Gang Island located in Long Son commune, Ba Ria-Vung Tau province.