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If it goes ahead, the $35 billion-plus tie-up would alter the landscape for rivals including General Motors and Peugeot maker PSA Group, which recently held inconclusive talks with Fiat Chrysler (FCA), and could spur more deals. French group Renault said it was studying the proposal from Italian-American FCA with interest, and considered it friendly. Shares in both companies jumped more than 10 percent as investors welcomed the potential creation of a company that would produce more than 8.7 million vehicles a year and aim for 5 billion euros ($5.6 billion) in annual savings. It would rank third in the global auto industry behind Japan’s Toyota and Germany’s Volkswagen. But analysts also warned of big complications, including Renault’s existing alliance with Nissan, the French state’s role as Renault’s largest shareholder and potential opposition from politicians and workers to any cutbacks. "The market will be careful with these synergy numbers as much … [Read more...] about Fiat Chrysler and Renault pursue $35 billion merger to tackle car sector challenges

The General Hospital Dong Nai, the General Thong Nhat Hospital, the General Hospital Long Khanh and the Children Hospital Dong Nai received most investment in the province. Of 1,400 beds in the General Hospital Dong Nai, 700 beds are invested by individuals. Social contribution to the healthcare has helped bring the number of beds in hospitals to 1,984; accordingly, hospital beds (per 10,000 people) in the province was reported at 6.4. Thanks to policies of social contribution to the healthcare sector, the province has over 3,236 private medical establishments including six hospitals, 769 general and specialized medical clinics, 110 traditional infirmaries and 2,230 pharmaceutical shops. Private medical institutions are well equipped. VND490 billion (US$ 21 million) has been poured into investment of 49 private medical clinics. This is a huge investment in the healthcare sector to meet increasing patients’ demand. Meantime, public infirmaries have borrowed VND200 billion from … [Read more...] about Achievements, challenges during social contribution in healthcare in Dong Nai

The Ministry of Public Security has reported to the National Assembly that Chinese nationals and entities are buying or renting land in premium locations along Vietnam’s coastline in the names of Vietnamese citizens. The number of Chinese nationals coming to Vietnam for business, travel and education has increased greatly, leading to high demand for houses. They are marrying locals and bearing children without informing local authorities, the ministry's report said. About 2.1 million Chinese tourists came to Vietnam in the first five months of the year, the biggest source of visitors, accounting for nearly 30 percent of the country's total arrivals, according to the General Statistics Office. Mainland China topped the table for newly registered capital in Vietnam in the first five months, with $1.56 billion for 233 projects. In terms of registered capital, which includes newly-registered capital, capital supplements and stake acquisitions, China ranked fourth, after … [Read more...] about Chinese using proxies to acquire land: public security ministry

Mr. Vu Hoang Lien, Head of Vietnam Internet Association PANO - It has been argued abroad that the internet environment in Vietnam has not developed and there is no freedom on internet in Vietnam. Those assessments are inconsistent with the reality of internet use in Vietnam at present. To make it clear, PANO interviewed Mr. Vu Hoang Lien, Head of Vietnam Internet Association. - Could you illustrate the development of the internet in Vietnam? - It has been around 13 years since the internet network in Vietnam officially joined global internet network on January 12th, 1997. It is true that Vietnam is currently one of the countries with the fastest and strongest internet development not only in the region, but also in the world. The development can be seen in infrastructure, technology, subscribers and the quality of contents posted on internet. Since 2000, the number of internet subscribers in Vietnam has increased by 100 times. In fact, around 3.8 percent of the population used … [Read more...] about Strongly developing and effective internet environment in Vietnam

Amid the context that the State Bank of Vietnam (SBV) tightened credit to real estate sector as well as other risky sectors and banks, at the same time, have to restructure their capital structure to meet regulations about reducing the ratio of short-term loans for middle and long-term loans in accordance with the Circular No.19 of the SBV, commercial banks have offered various credit packages with preferential interest rates for peak business season at the end of the year. Particularly, Eximbank puts aside VND4 trillion for small and medium sized enterprises to be proactive in business capital with interest rate from 6.99 percent per annum. VPBank supports 80 percent of the loan value. The maximum loan duration is eight years and disbursement is within four hours with interest rate levels of 6.9 percent per annum, 7.9 percent per annum and 8.9 percent per annum fixed in first three months, six months and twelve months respectively. Nam A Bank is offering small and medium sized … [Read more...] about Banks promote business loans at year’s end