The State Bank of Viet Nam issued Circular No.09/2010/TT-NHNN on March 26, regulating the establishment of commercial banks. The new regulation provides that founding shareholders may not contribute authorised capital in the form of loans and will be held responsible for the legality of the contribution. Founding shareholders are subject to strict financial capacity requirements [...]
The People’s Committee of central Ha Tinh Province granted three investment licences for new operations at the Vung Ang Economic Zone. Two South Korean firms, Vision Land Co., Ltd and Humantech Company, received licences and will bring more than US$50 million in investment capital in their first stage. Addition of these two new projects will [...]
An accelerated sell-off of shares caused the HCM City Stock Exchange to undergo a correction yesterday, March 30, with the VN-Index closing off by nearly 1 per cent to 500.72. But, following Monday’s sluggish pace, the overall value of the day’s trades returned to a more active VND2.22 trillion (US$116.8 million), on a total volume [...]
A Laotian-English magazine named “ LANEXANG Business Culture Magazine†was launched at a press conference in Vientiane, Laos on March 30. The magazine, 29x23cm with 90 pages and printed in 4 colours, will be published monthly to serve businesses in the Southeast Asian Nations to exchange their experiences, promote their brands, boost production and strengthen [...]
The core shipping activity of the Maersk Line, has announced the introduction of a direct service between southern VN and the US West Coast with its premier Trans-Pacific 6 string (TP6). The first sailing will be with the Mathilde Maersk on May 12. The service will call at the SP-PSA international Terminal in Vung Tau, [...]
Local petrol businesses are being put under serious pressure to increase their petrol prices due to strong fluctuations in the global market. They have called for a price stabilisation fund to be established or the introduction of tougher measures to reduce tax instead of raising domestic petrol prices. It’s time for State management agencies to [...]
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