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Under the arrangement, MB, SHB, and BAC A BANK have to prepare counterfunding that can cover the financing needs of their SME customers. The SMEDF partners now with five banks, all of whom wield significant experience and have branch networks of wide coverage across the country. We will also shake hands with Agribank and VietinBank, so the coverage will be wider. … [Read more...] about BUSINESS NEWS HEADLINES FEB. 22

After 15 years of development, the biotechnology center has been growing rapidly with five functions - research, trial production, product commercialization, training, and international cooperation. Binh met Nguyen Thien Nhan, who was then vice mayor of HCM City, and now is HCM City Municipal Party Committee Secretary. … [Read more...] about Overseas Vietnamese scientist helps develop biotechnology in Vietnam

Hanoi (VNA) – The Vietnam National Administration of Tourism (VNAT) and the Vietnam Grand Prix Corporation (VGPC) on February 21 inked a cooperation agreement on promoting the country’s tourism in association with the Formula One race. Under the deal for 2020-2025, the two sides will increase communications to advertise Vietnam’s tourism and the F1 race in Hanoi on media outlets, work together to introduce related publications, and share information. They will also take part in some travel fairs and programmes introducing the country’s tourism abroad and organise international press conferences within the framework of the F1 Vietnam Grand Prix. The VNAT said the F1 race will be an important basis for Vietnam to develop sports tourism. Particularly, the event is going to take place in April as scheduled amid the global tourism heavily impacted by the COVID-19 epidemic will send international friends a message that Vietnam is a safe and attractive tourist … [Read more...] about F1 race to help develop Vietnam’s sports tourism: VNAT

Among major names, the ride-hailing app “be”, developed by the BE Group JSC, also has major ambitions. CEO Tran Thanh Hai told VET that the previous generation of large tech corporations in Vietnam chose processing industries for their development, while BE focuses on life. “I want to more towards applying more technology in everyday life,” he said.  … [Read more...] about Tech companies looking global

“IFC’s initiative, an effective response to help ensure resiliency, shows our confidence in our local partner banks as well as our commitment to strengthening Vietnam’s economy,” stated Kyle Kelhofer, IFC country manager for Vietnam, Cambodia and Lao PDR. … [Read more...] about IFC boosts trade finance for Vietnamese businesses amid Covid-19 outbreak