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Tag Archive for ‘Dong’

Vietnamese University Plans to Accept Bitcoin Despite Central Bank Ban

FPT, a private Vietnamese university is planning to accept tuition fees in bitcoin with a workaround of the central bank’s ban on using cryptocurrencies as payment instruments. FPT University is a private academic institution with campuses in Ho Chi Minh City, Hanoi and Da Nang, Vietnam’s three major cities. The university will soon begin accepting […]

Vinalines’ designs to maintain controlling stake in three strategic seaports

Vietnam’s shipping group Vinalines are looking to keep holding at least 65% of the chartered capital in large-scale seaports in Haiphong, Danang, and Saigon, which are considered geese that lay golden eggs. Recently, Vinalines has proposed the Ministry of Transport (MoT) to authorize it to spend VND247.5 billion ($10.9 million) on buying 2.475 million of […]

State Bank of Vietnam focuses on bank cross-ownership

Cross-ownership in Vietnamese banks will be controlled with stringent new regulations. Under a State Bank of Vietnam’s draft law, which revises the Law on Credit Institutions, cases of purchase, sale or transfer of shares with a value of 1% or more of the banks’ charter capital must have the SBV’s written approval before implementation. The […]

Low land taxes in Vietnam prompt rich to hoard money in houses

A house with a floor area of 100 square meters on Dong Khoi street in District 1 of HCMC has a market price of VND1 billion per square meter. Meanwhile, the land user only has to pay VND5.82 million every year. Under the non-agricultural land use tax law, which took effect on January 1, 2012, […]

Dong Nai records US$1.4 billion trade surplus in eight months of 2017

The southern province of Dong Nai enjoyed a trade surplus of nearly US$1.4 billion in the first eight months of the year, according to the provincial Statistics Office. In the eight-month period, the province shipped nearly US$11 billion worth of products to foreign countries, a year-on-year increase of 11 percent. The trade surplus was contributed […]

Hanoi, HCM City copy Dong Thap’s ‘businessmen café model

On August 24, a new ‘Businessmen’s Café’ opened in the northern province of Quang Ninh. Such special cafes have opened in many cities and provinces throughout the country, acting as a rendezvous point for local authorities and business people. In Dong Thap province, at a corner of the provincial People’s Committee office’s campus, some stone […]

Tens of trillions of dong of state capital nearly lost in equitization

More than 96 percent of SOEs slated for equitization have been equitized, but only 8 percent of the state’s capital has been transferred to the private sector. According to Tran Dinh Thien, the number of SOEs has decreased significantly over the last 15 years of restructuring, from 6,000 in 2001 to 700 in 2016. The […]

CJ CGV invests heavily in cinemas

CJ CGV Vietnam, a subsidiary of Korean firm CJ Group, is planning to spend up to US$200 million expanding its cinema system in Vietnam. The company launched another cinema at the Parkson Dong Khoi commercial complex in downtown HCMC on August 31, taking its total in Vietnam to 50 cinemas with 313 studios and around […]

In Japan, Vietnamese chicken will soon be on the menu

The first delivery of chicken from Koyu & Unitek Co Ltd headquartered out of Ho Chi Minh City, Vietnam will soon be on its way and on the menu in Japan, say company representatives. While the first shipment may represent a relatively small volume, the moment itself is significant as it marks an early step […]

Foreign retailers ramp up investment in Vietnam

Earlier, numerous giants in the retail sector have entered the Vietnamese market and now, many of them are planning to enhance investment and expand their businesses to exploit market potential. Enhancing investment in Vietnam Recently, when talking with VIR, Yasuo Nishitohge, general director of AEON Vietnam Co., Ltd., said that Vietnam has great potential in […]