With a total committed fund size of up to $60 million, ThinkZone Fund II is the largest venture capital fund in tech startups founded by Vietnamese entrepreneurs and notable conglomerate owners.
Vietnam’s largest listed enterprise in terms of market capitalisation is seeking for its shareholders’ approval on the issuance of $750 million worth of bonds to global investors in 2019.
In the first quarter, Techcombank’s lending growth has risen stoutly as the lender started to disburse home loans to buyers of the Vinhomes Sapphire project.
The State Bank of Vietnam has approved Vietcombank and Vietnam International Bank to apply the Basel II standards from January 01, 2019, one year ahead of deadline.
The State Bank of Vietnam recently approved two leading commercial banks, namely VPBank and MB to raise its charter capital, the move being considered as necessity to increase their competitiveness and satisfy with standards of Basel II to control risks of credit, market and operation.
The $350 million-textile and dyeing project in Vinh Phuc province has been advised not to be given official permission by scientists and experts due to risks of environmental pollution.
The wave of equitization of state-owned enterprises (SOEs) is creating opportunities for several private corporations to control SOEs and gain additional benefits for their value chain.
Viet Nam Southern Food Corporation (Vinafood 2) recorded a business loss in the first half of last year and is maintaining a long-term debt of VND3,770 billion (roughly US$166.26 million).
It is over a year since Le Truc Garment Joint Stock Company, investor of the Discovery Complex II (8B Le Truc) building project, conducted the legal proceedings against Decision No. 2673 of Ba Dinh District People's Committee; However, there has no action taken by the court.
The Investigation Police Agency (IPA) under the Ministry of Public Security is conducting the further investigation (phase II) of the case of Ha Van Tham, former Chairman of OceanBank and accessory and a number of high-profile staff of the Vietnam Oil and Gas Group (PVN) have been prosecuted.
Le Truc Garment Joint-Stock Company, investor of Discovery Complex II building (located on No. 8B Le Truc, Ba Dinh district, Hanoi) has accused Ha Noi city’s competent authorities of breaking the commitment and doing illegal retroaction of the project.
