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Regarding the investment capital, along with loans from banks and credit funds, as well as equity, PV Power announced that the Thai investor expressed intention to invest in these two projects, which is part of the MoU on investment co-operation signed by the two parties. … [Read more...] about PV Power mobilises capital for Nhon Trach 3 and 4 thermal power plants

In 2019, Techcombank added 1.1 million net new customers to bring the total customers served by the bank to 7.3 million. Customers using e-banking services increased from 56 per cent to 76 per cent year on year. Transaction volume and value through Techcombank’s mobile channels increased to 172 million, up 217 per cent compared with the same period last year and VND2.582 trillion (up 244 per cent year on year), respectively, thanks to the ongoing convenience and preference for the bank’s digital solutions. … [Read more...] about BUSINESS NEWS HEADLINES JAN. 24

It is said that Uniqlo's Hanoi 2,500 square-metre store will be located on two floors of a big shopping centre on Pham Ngoc Thach Street. In 2019, Vietnam saw the arriving of two famous fast fashion brands including Cotton On and Uniqlo. Over the past two years, many international brands have arrived in the country including the much-awaited H&M and Zara. International companies have also acquired some local brands. MTV Global Fashion which owns the Vascara, a strong Vietnamese footwear and bag brand established in 2007, said that they have merged into Japan's Stripe International. Stripe International also bought Nem fashion brand in 2017. According to the Vietnam Retailers Association, there are now more than 200 foreign fashion brands in Vietnam, making up over 60% of the local market which is said to have an average growth rate of between 15-20%. A recent survey by Nielsen showed that the number of Vietnamese people who love well-known brands stands third in the world, just … [Read more...] about International fast fashion brands see opportunities in Vietnamese market

According to Dao Xuan Vu, the General Director of Viettel Network Corporation, the decision to publish the map and the quality of Viettel's 4G mobile network coverage through the Open Network comes from the group’s customers-centered orientation. The corporation wants its customers to see the reality of 4G networks around the country to facilitate their activities. … [Read more...] about Viettel announces 4G mobile network coverage map

As many as 126,000 new businesses were established each year on average during 2016-2019. This year, it is expected that 136,000 new businesses will open, with the total registered capital of about VND1.7 quadrillion ($73.9 billion), bringing the total number of active businesses to about 760,000. … [Read more...] about Meeting of prime minister and business community takes place today