Economist Nguyen Tri Hieu said that he “doesn’t put too much hope” in these transitions, as Vietnam has been attracting foreign direct investment from China because of cheap labor costs. Other countries in Southeast Asia have other competitive advantages, he said. … [Read more...] about Vietnam shouldn’t bank heavily on trade war benefits: experts
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“The capital raising requirement of VietinBank is extremely urgent. Unlike other commercial banks, VietinBank could not raise capital through additional issuance solutions to investors due to its limitations: State ownership in joint stock commercial banks having State capital must not be less than 65 per cent while the foreign investors' ownership percentage is a maximum of 30 per cent," he said. … [Read more...] about VietinBank plans equity capital increase from accumulated profits
The cuts came amid bank credit growth in the first quarter of only 1.1 per cent compared to 2.28 per cent in the same period last year as many businesses scaled down or stopped operations, experts said. … [Read more...] about VN ready to be world’s factory, bus is the world?
To deal with the problem, the Ministry of Transport in mid-May started a long-awaited VND7 trillion ($304.35 million) package to upgrade the North-South railway network. However, it will take the railway industry about two years to finish, meaning that the technology application for infrastructure cannot proceed right away. “The upgrading will be completed in late 2021. The railway industry will face difficulties to keep the frequency and capacity of train operation during the period,” VNR chairman Vu Anh Minh told VIR. “Even completed, technology application remains a hard task because of unsynchronous and not-modern-enough infrastructure.” … [Read more...] about BUSINESS NEWS HEADLINES MAY 25
According to the statistics from research companies, e-commerce earned revenues of US$2 trillion in 2016 and will expand by more than 100% in the next four years. This is a significant change in the retail sector while the sector’s growth rate stands at 26%. … [Read more...] about New technological trends impact online business