Commercial banks to support WB projects Sai Gon-Ha Noi Bank (SHB) and Viet Nam Technological and Commercial Joint Stock Bank (Techcombank) have been assigned to support projects signed between Viet Nam and the World Bank. The decisions were issued by the State Bank of Viet Nam (SBV). Accordingly, SHB will support the project "Medium Urban Development" - Financing Agreement for Additional Financing Credit 6070-VN and Financing Credit Code 6071-VN, signed on December 15, 2017. In addition to this, SBV also assigned Techcombank to serve “Sustainable development of Da Nang City” - Financing Agreement for Additional Financing Credit 6032-VN, signed on September 29, 2017. The general directors of SHB and Techcomback are responsible for implementing the provisions of Decree 16/2016 /ND-CP dated March 16, 2016, of the government on the management and use of official development assistance (ODA) and preferential loans of foreign donors, guiding documents of the … [Read more...] about BUSINESS IN BRIEF 15/6
Ford house office building
BUSINESS IN BRIEF 20/4
Mercedes-Benz Viet Nam recalls 3,624 vehicles over faulty fuse Mercedes-Benz Viet Nam is recalling 3,624 vehicles that are at risk of catching fire due to a potentially faulty fuse. According to the German car maker, the list of recalled vehicles includes C200, C250, C300, E200, GLC 250 4MATIC and GLC 300 4MATIC models, manufactured between September 2015 and February 2017. The models will be checked and installed with an additional fuse in the electrical line to the starter at an estimated time of 30 minutes per car. The recall campaign is scheduled to begin on May 14, 2018, and end on September 9, 2020. Mercedes-Benz Viet Nam is also recalling another 384 vehicles (models E200, E250 and E300) manufactured from August 2016 to April 2017 to replace the seat belts on the left and right backseats. The duration of checking and repairing is estimated at one-and-a-half hours per vehicle. This recall campaign started on April 16, 2018, and will run till December 31, 2022. JLL: Hanoi … [Read more...] about BUSINESS IN BRIEF 20/4
Social News 29/1
Exhibition praises victory of 1968 Tet OffensiveCommando Ba Mu (whose real name is Do Van Can) disguised himself as a rubber latex collector to fool the enemy. He used a tricycle to transport weapons to serve the South Vietnam liberation forces during the 1968 Tet Offensive.The tricycle is on display at exhibition that has opened in Hanoi.Entitled The Epic of the 1968 Tet Offensive, the exhibition celebrates the 50th anniversary of the victory of the campaign.The exhibition displays more than 300 images, documents and objects. Ba Mu’s tricycle is one among many objects showcased to the public for the first time.The exhibition is divided into three parts: devotion for the battlefield, the historical turning point and echoes of the epic. They depict the determination of Vietnamese people and soldiers in fighting for peace and liberation.“The Military History Museum of Vietnam organised the exhibition with the aim of asserting the historical magnitude and significance of the … [Read more...] about Social News 29/1