Ho Chi Minh City will create favourable conditions for Thai-based Kasikorn Bank (KB Bank) to open its branch in the city, the first of its kind in Vietnam, helping diversify local credit and banking activities, Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen has said.
The management board of the small- and medium-sized enterprise development project in the Mekong Delta province of Tra Vinh (SME Tra Vinh) has revealed that it will spend 70 billion VND (3 million USD) to support provincial SMEs in 2019, including over 65 billion VND from the Canadian government in non-refundable aid.
Vietnam’s labor cost is the highest among comparator countries in Southeast Asia, a World Bank report says.
The Bank for Investment and Development of Vietnam (BIDV)’s pre-tax profit increased by 30.6% year-on-year to VND7.2 trillion (US$305.45 million) in the first three quarters of 2018.
Small- and medium-sized enterprises (SMEs) in Vietnam have made technology their top investment priority to ensure growth, according to the ASEAN SME Transformation Study.
IFC, a member of the World Bank Group, in partnership with Vietnam Prosperity Commercial Joint Stock Bank (VPBank) is extending a commodity financing facility of up to $50 million to Tan Long Group, one of Vietnam’s leading commodity traders as a key step to unlock further agri-financing opportunities in this high-potential sector.
A new office was officially opened for the Investment Promotion and Enterprise Support Centre of Soc Trang province’s Business Incubator on June 18.
VOV.VN - The Comprehensive and Progressive Pacific Partnership (CPTPP) will yield robust economic gains for Vietnam, says a new World Bank report, released on March 9 as Vietnam and 10 other countries sign the agreement.
Innovation was critical for the growth of factory productivity, but Vietnamese firms spent less on research and development (R&D) than in most other Southeast Asian countries.
Vietnam has successfully integrated in several global value chains and can increase its added value by policy reforms and initiatives in the fields of transport, services, border procedures and regional integration, said Ousmane Dione, World Bank (WB) Country Director for Vietnam.
The Small and Medium Enterprise Development Bank of Thailand (SME Bank) has held a seminar offering tips to investors seeking to set up businesses in Cambodia, Laos, Myanmar and Vietnam.
Support provided to small and medium-sized enterprises (SMEs) will not be in cash, but rather take the form of favourable conditions in order for SMEs to grow, Deputy Minister of Planning and Investment Dang Huy Dong has said.
National Assembly deputies debated the draft bill on supporting small and medium-sized enterprises (SME) during the ongoing third meeting on May 23.
The Small- and Medium-sized Enterprise (SME) Development Fund has launched a financial aid package worth VND 560 billion (US$24.64 million) for SMEs, according to the Ministry of Planning and Investment (MPI).
Though the Small and Medium Enterprise (SME) Development Fund was established a year ago, so far only three firms have got loans from it, fund director Hoang Thi Hong said.
The People’s Committee of the Central Highlands province of Lam Dong and the Small & Medium Enterprise Development Fund launched a connectivity programme in the locality on April 14.
Japan’s Mizuho Financial Group will set up a US$252 million (JPY28 billion) investment fund early this summer to invest in small- and medium-sized companies in Southeast Asia, Nikkei reported.
National Assembly Chairwoman Nguyen Thi Kim Ngan called it critical to clarify criteria determining which businesses are small and medium sized in order to raise feasible support as the country aims to boost its private sector and start-up culture.
The Thai government attaches importance to promoting foreign investment in an effort to develop Thailand into a trade and investment hub in this region and help enhance the country’s competitiveness.
The Thai government and Alibaba Group will cooperate in developing the e-commerce system for small and medium-sized enterprise (SME) operators in Thailand.