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  • Vietnam considers upping foreign stakes in banks

    16/04/2011 05:00

    Prime Minister Nguyen Tan Dung has instructed the State Bank of Vietnam (SBV) to consider allowing commercial banks to sell up to 20 percent of their charter capital to a single foreign strategic investor. Vietnam currently caps foreign ownership by a single strategic...

  • KKR buys Masan stake in biggest Vietnam private equity deal 

    16/04/2011 05:00

    KKR & Co. agreed to pay US$159 million for a stake in Vietnamese fish sauce maker Masan Consumer Corp. in the largest private-equity investment in the country. KKR, based in New York, will buy 10 percent of Masan Consumer,...

  • Vietnam audit finds losses, mismanagement at Agribank unit 

    16/04/2011 05:00

    Agribank Financial Leasing Company No. 2, a unit of state-owned Vietnam Bank for Agriculture and Rural Development, lost VND3 trillion (US$143 million) in 2009 because of “serious” mismanagement, Vietnam’s...

  • Bankers say dollar rate cap gives strength to dong 

    15/04/2011 05:00

    Local banks have lowered their interest rates on dollar deposits. Economists and bankers are expecting a switch from dollar holdings to dong assets after the central bank capped the interest rate on dollar deposits. The State Bank of...

  • Vietnam’s Q1 car sales jump 30 pct year on year: industry 

    15/04/2011 05:00

    Car sales in Vietnam in the first quarter jumped 30 percent from the same period last year to 27,896 units, while a Vietnamese car maker surpassed Toyota in sales last month, the Vietnam Automobile Manufacturers’ Association...

  • Foreigners injecting money in mobile phone factories in Vietnam

    Foreigners injecting money in mobile phone factories in Vietnam

    15/04/2011 05:00

    While Vietnamese enterprises are not interested in projects on making mobile phones, foreign investors have been pouring money into projects to set up mobile phone factories in Vietnam. Vietnamese investors have...

  • Rumors spark land fever in Hanoi suburbs 

    15/04/2011 05:00

    Villas under construction in the suburban district of Soc Son in Hanoi. Rumors of impending infrastructure development projects have sent real estate prices soaring in some suburban districts of Hanoi like Me Linh, Dong Anh and Soc Son....

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