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Economy

Bitcoin users face prison time

Friday, 22 December 2017 12:58

Bitcoin users face prison time People who pay or accept Bitcoin or other virtual currencies will be fined and face up to three years of imprisonment from January.
 

Trade turnover reaches milestone

Friday, 22 December 2017 12:57

Trade turnover reaches milestone Total trade turnover has recently exceeded $400 billion, a four-fold increase in the decade since 2007 and a major milestone for Vietnam, Deputy Prime Minister Vuong Dinh Hue said on December 19.
 
 

Will Vietnam’s brewery industry be swallowed by foreign firms?

Friday, 22 December 2017 12:56

Will Vietnam’s brewery industry be swallowed by foreign firms? A lucrative beer market with expected high growth rates is the driving force for foreign investors to acquire a stake in Sabeco, the largest Vietnamese brewer.  
 
 

Vietnam looks for more FDI into pharmacy sector

Thursday, 21 December 2017 11:19

Vietnam looks for more FDI into pharmacy sector The Ministry of Health (MOH) estimates that Vietnam has to remit $2 billion abroad to import foreign drugs but could retain more money in-country if it could attract FDI  (foreign direct investment) into the pharmaceutical industry.
 
 

Energy and bank stocks lift the market

Thursday, 21 December 2017 11:18

Energy and bank stocks lift the market Shares rebounded on December 20 after a brief fall on December 19, boosted by energy and bank stocks on investors’ expectation of positive Q4 earnings from these companies.
 
 

Foreign firms buy into mergers

Thursday, 21 December 2017 11:17

Foreign firms buy into mergers Foreign firms control 75 per cent of mergers and acquisitions (M&A), Nguyen Quoc Viet, deputy general director of AVM Viet Nam Company, said yesterday.
 
 

Digital banking needs framework

Thursday, 21 December 2017 11:17

Digital banking needs framework Viet Nam needs a legal framework for the development of digital banking, heard a conference held by the State Bank of Viet Nam in Ha Noi on Tuesday.
 
 

Sabeco slump slows down shares

Wednesday, 20 December 2017 11:57

Sabeco slump slows down shares Shares declined on the two national stock exchanges on December 19, dragged by the slump of brewer Sabeco, but cash flow remained strong which opened an opportunity for a recovery in the next session.
 
 

Vietnam import-export turnover hits $400 billion

Wednesday, 20 December 2017 11:53

Vietnam import-export turnover hits $400 billion Total import-export revenue this year reached 400 billion USD in mid December, representing a fourfold increase in ten years.
 
 

Non-cash payment programs encounter barriers

Wednesday, 20 December 2017 11:51

Non-cash payment programs encounter barriers The smartphone-based payment service market in Vietnam has become busy in the last six months, but Vietnam is still far from its ‘non-cash payment’ target.  
 
 

ASEAN free trade to put pressure on Vietnam

Wednesday, 20 December 2017 11:43

ASEAN free trade to put pressure on Vietnam According to the ASEAN Trade in Goods Agreement (ATIGA), Vietnam will have to cut 669 tariff lines to zero percent in January 2018.
 
 

Sabeco sells 53.6 percent stake for $4.89 billion

Tuesday, 19 December 2017 11:18

Sabeco sells 53.6 percent stake for $4.89 billion The Ministry of Industry and Trade (MoIT) on December 18 sold all of its 343.6 million shares or a 53.6 percent stake of the Saigon Beer, Alcohol and Beverage Corporation (Sabeco), receiving an estimated 110 trillion VND (4.89 billion USD).
 
 

Local markets get Sabeco auction lift

Tuesday, 19 December 2017 11:18

Local markets get Sabeco auction lift Shares on both local markets advanced further towards the end of December 18 afternoon session on solid investor confidence following the successful Sabeco share auction, as well as the recovery of major large-cap stocks.
 
 

Bamboo, rattan sectors face several hurdles

Tuesday, 19 December 2017 11:13

Bamboo, rattan sectors face several hurdles Despite untapped potential for development, Viet Nam’s bamboo and rattan sector is still facing challenges that are preventing a growth spurt, according to industry insiders.
 
 

Food market undergoing restructuring as more foreign companies arrive

Tuesday, 19 December 2017 11:11

Food market undergoing restructuring as more foreign companies arrive The Vietnamese food market is thriving, with 10.9 percent CAGR (compound annual growth rate) predicted by BMI Research for the 2017-2019 period.    
 
 

The ‘bitcoin rush’

Monday, 18 December 2017 08:59

The ‘bitcoin rush’ People are rushing to buy bitcoin mining machines. Bitcoin ATMs can be found at some cafes in HCMC. Numerous calls for investments in bitcoin have appeared on the internet. And some travel firms accept payments in bitcoin.  
 
 

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