Us asean business council

A steel factory in Ba Ria-Vung Tau Province. — VNA/VNS Photo Hoang Nhi As many as 88,000 enterprises in Viet Nam have withdrawn from the market in the first five months of this year, up 22.6 per cent year-on-year, said the General Statistics Office (GSO). Of the sum, 55,200 enterprises temporarily ceased operations, up 20.3 per cent against the last year's same period. Another 25,500 were in the dissolution process, a yearly rise of 34 per cent and 7,300 completed dissolution procedures, up 6.5 per cent year-on-year. On average, 17,600 businesses withdraw from the market every month, the GSO said. From January to May, over 61,900 new enterprises were formed with a total registered capital of VND568.7 trillion, down 2 per cent in the number of firms and 25.3 per cent in capital from the same period last year. The average registered capital of a newly-established enterprise also dropped 24 per cent year-on-year to VND9.2 billion. Besides, nearly 95,000 enterprises have … [Read more...] about Up to 88,000 businesses in Viet Nam withdraw from market

Secretary of the Party Central Committee and President of the VFF Central Committee Do Van Chien (6th from right) receives the Cambodian delegation. (Source: VNA) Hanoi (VNA) – A delegation of the Vietnam Fatherland Front (VFF) Central Committee held talks with representatives from the National Council of the Solidarity Front for the Development of Cambodian Motherland in Hanoi on May 29. At the talks, Vice President and Secretary General of the VFF Central Committee Nguyen Thi Thu Ha affirmed the fruitful relations between the two sides, with the signing of cooperation documents. The two sides briefed each other on operations of their front organisations, and compared notes on cooperation orientations and contents in the time ahead. Nhem Valy, Permanent Vice Chairman and Secretary General of the National Council of the Solidarity for the Development of Cambodian Motherland, held that the talks will help the two front organisations better understand each other, thus helping … [Read more...] about Vietnamese, Cambodian front organisations forge cooperation

Since its establishment in Vietnam in 1992, Deutsche Bank has steadily forged a remarkable 30-year legacy of expansion and development, solidifying its position as a driving force propelling the ASEAN banking sector forward. Today, its presence in Vietnam remains instrumental, playing a pivotal role in the group's burgeoning influence across the vibrant Asia-Pacific region. It has witnessed a doubling of its revenue over the past two years. Deutsche Bank offers a wide range of corporate and investment banking solutions to multinational companies, domestic conglomerates, and financial institutions in Vietnam. This multifaceted spectrum of services encompasses asset management, foreign exchange, capital arrangement for businesses, and an array of advisory solutions. Since 2017, Deutsche Bank has successfully mobilised over $1 billion in annual funding, including loans and equity capital, for Vietnamese enterprises. The bank has also solidified its position by arranging capital and … [Read more...] about Deutsche Bank expands investment in Vietnam