Human capital development

Experts say developing local supply chains to reduce a heavy reliance on other countries is a must for Vietnam, especially the garment and textile industry which imports large amounts of materials from foreign partners. Attracting both domestic and foreign investment into the fibering, weaving and dyeing stages is considered an effective solution for the industry to develop in a sustainable manner. The garment and textile industry is therefore predicted to significantly benefit from the implementation of new-generation FTAs such as the European Union-Vietnam Free Trade Agreement (EVFTA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the European Union - Vietnam Investment Protection Agreement (EVIPA). It is widely believed that this trio of trade deals will create greater opportunities to attract capital and modern technology as a means of further developing the industry. … [Read more...] about New-generation FTAs offer impetus to textile supply chain restructuring

It also provides a timeline and spells out procedures to bring ownership thresholds in line with those stipulated in Article 55 of the Law on Credit Institutions, and penalises non-compliant shareholders by suspending dividends and their right to serve on the board of directors among other sanctions. … [Read more...] about M&A picks up speed in banking

As consumer finance firms are unable to raise capital from individuals, their finance comes from diverse sources such as through bond issuances or foreign loans. This reliance contains latent risks to refinancing due to uncertainties of the financial system. This kind of risk, however, is insignificant in Vietnam as current ratio of consumer lending on the total outstanding balances is still low at about 12.3 per cent (in 2019) compared to that in other countries. … [Read more...] about Protecting investors at head of consumer finance concern

The city’s top leader called for drastic measures to create new opportunities and motivation for the city’s growth. Five key areas were identified to attract domestic and foreign investment: to resume and speed up production, trade and exports; to stimulate tourism and domestic consumption; to promote public investment, and to address difficulties for major projects that had been delayed for years. … [Read more...] about Da Nang kickstarts economy after COVID-19 pandemic

Kido Foods has maintained its leading position in the ice cream industry during 2017-19 with the market share rising from 38.1 per cent in 2016 to 41.4 per cent in 2019. However, the business results were volatile with the 2018 net profit reaching just VND27.4 billion (US$1.2 million), the company reported. … [Read more...] about Kido Foods seeks shareholder approval for merger with Kido Group