The investments are poured through the acquisition, capital contribution or comprehensive co-operation agreements with local financial companies and banks. Besides the two fully foreign-owned Shinhan Bank and Woori Bank in Vietnam, many other major RoK banks have also set up branches and representative offices in the country, such as KEB Hana, Industrial Bank of Korea, Kookmin, Busan and Nonghyup. Source: Internet Early this month, the Hana Financial Group was the latest case of the RoK’s financial institutions to expand business in Vietnam by acquiring a stake in the Bank for Investment and Development of Vietnam (BIDV), according to Business Korea. The Korean business portal quoted a local financial official that KEB Hana Bank was going forward with the acquisition and was reportedly close to signing a deal. The deal will proceed in a way that BIDV will raise new capital through capital increase to improve its financial structure, and Hana Bank will purchase the … [Read more...] about RoK firms increase investments in Vietnam’s financial market
Wyndham Soleil Danang officially launches Nimbus TowerTHE MARQ – A PEACEFUL OASIS IN THE HEART OF DISTRICT 1BIM Land has signed 2 offshore loan agreements worth USD 137.5 millionBamboo Airways welcomes first Airbus A320neo aircraft in “Fly Green” liveryPerfect time to invest in Phu Quoc Real Estate Since using this modern payment application, my life has positively changed. As a person who was always cautious of managing money, I used to trusted in cash payment only. However I have changed my payment habit. It is now only with a cellphone, all of my ATM cards and membership cards are fully integrated with Samsung Pay, and above all others, it is still absolutely secured. Have you ever experienced the feeling of regretfully looking at your favorite items sold to somebody else, or how embarrassing it is when your money is not enough to pay for a coffee bill? Having gone through all of these, I shall share a tip to stay away from these troubles. The strong need of … [Read more...] about How did my cash payment habits change?
By Lê Hương Making independent films has long been considered a risky investment in Việt Nam There are obstacles in the production process as well as distribution, according to directors. Independent films are mostly new cinema projects made by independent entertainment agencies rather than big firms. The film genre may be different from normal movies in content, style and art form. Success overseas, lost at home Director Lương Đình Dũng is among the directors with most experience making and distributing independent films in Việt Nam. Two years ago, his film Cha Cõng Con (Father and Son) found it hard to find audience at home after touring many international film festivals. The film won various prizes including the Best Foreign Feature and Special Jury Award for Outstanding Cinematography at the 26th International Arizona Film Festival in 2017 and the Indie Spirit Best Storyline Award at the 15th … [Read more...] about Independent films struggle in Việt Nam
Short supply, rising prices A recent report by the Ho Chi Minh City Real Estate Association (HoREA) showed that the municipal city’s real estate market was on a declining trend in the first nine months of 2019. Meanwhile, the market witnessed a scarcity in housing supply in the central business district (CBD) despite high residential demand. Being rolled out since the end of 2018, The Grand Manhattan is one of few projects in District 1 achieving impressive sale performance Nguyen Hoang, director of DKRA Vietnam’s R&D Division, said that real estate products in the CBD remain in limited supply. Land bank in the CBD are becoming scarce compared with District 2, or the southern and western areas of the city. Another reason is the local authorities’ tight control over granting licenses for new housing projects in the CBD to relieve population pressure on transportation, electricity, water, and infrastructure. Due to the scarcity, most projects in the CBD are … [Read more...] about Real estate in Ho Chi Minh City CBD: Optimism for the long-term
Singapore-based Lazada Friday launched a 4-hour delivery service for flowers in Vietnam, a move in response to Vietnamese startup Tiki’s 2-hour delivery for a large number of products. Nguyen Ngoc Thang, head of express solutions at Lazada, said that this was a new step in e-logistics for the company. Earlier this month, the company began to offer 2-hour and 4-hour delivery for products weighing under 15 kilograms in Hanoi and Ho Chi Minh City. Almost 200 Lazada sellers are eligible for the service, mostly in beverage, fashion and baby products. The move followed other e-commerce companies in Vietnam, like Shopee, Sendo and Lotte, also announcing delivery times of one to four hours after Tiki introduced its 2-hour delivery for over 100,000 products. Tiki is able to do this by investing in expanding its fulfillment center, which is now at 60,000 square meters and set to triple to 200,000 square meters by the end of next year. The company’s average delivery time is less than … [Read more...] about Lazada, Tiki locked in delivery speed race