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Mr. Miguel Valldecabres Polop, CEO of China Dynamics, said, "The Group recently tapped into the Southeast Asia market with the launch of electric buses in the cities of Davao and Pasay in the Philippines. The shareholding from the four international investors, namely Dato Sri Johan Young, Mr. Endika Aboitiz, Mr. Michael Perskche and Mr. Frank Kanayet, serves as a powerful endorsement of China Dynamics' internationalization strategies which address the growing need for public transportation and which draw on our technological advantages in new energy vehicles. In addition, it will strengthen our shareholder and capital base for our long-term development." … [Read more...] about China Dynamics Welcomes New International Investors

Joe Biden swears in as the 46th U.S. President.  In their congratulations, the Vietnamese leaders expressed their belief that the new U.S. President and his administration will obtain various achievements for prosperous development and happiness of the U S. and its people, as well as continue to contributing to peace, stability, cooperation, and development in the world. … [Read more...] about Congratulations to new U.S. President, Vice President

A rise in both the number and the value of mergers and acquisitions (M&As) in Vietnam last year and early this year have signaled that M&As are booming in the country. According to auditing firm Pricewater House Coopers (PwC)’s statistics, there were 295 M&As worth a combined 1,138 million USD in the country last year, up 77 percent over the previous year. In the first quarter of this year, the market was more ebullient with larger acquisitions: the Vietnam Industrial and Commercial Bank (Vietinbank) sold 10 percent and 15 percent of its statutory capital to the International Finance Corporation (IFC) and Canada ’s Nova Scotia Bank respectively, and VNPT Global sold 10 percent of its shares to the Singapore Technologies Telemedia (ST Telemedia). Notably, the Hung Vuong Fishery Joint Stock Company (HVG) offered to buy 3.75 million shares of the An Giang Fishery Import-Export Joint Stock Company (AGF) in a bid to raise its share in AGF to 51 … [Read more...] about M&A boom building up steam in Vietnam

With a network of branches and transaction offices that have spread all over the country, the SBV has instructed credit institutions to diversify banking products and services, reduce interest rates and simplify lending procedures in order to facilitate people’s access to credit packages through official channels, Ha Thu Giang, Deputy Director of Department of Credit for Economic Sectors under the SBV said. … [Read more...] about Development of consumer finance: vital to fight black credit

Hanoi (VNA) - The National Steering Committee for COVID-19 Prevention and Control has ordered the tightening of border control to prevent any illegal entry. Representatives from the Ministries of Health, National Defence, and Public Security told a meeting of the committee in Hanoi on January 21 that the repatriation of overseas Vietnamese should be based on assessment of domestic quarantine capacity, especially given the appearance of new coronavirus variants. Vietnamese abroad should be encouraged to follow COVID-19 prevention and control regulations in their host countries, they said, stressing the need to ensure absolute safety on repatriation flights. Regarding vaccine research, production, and distribution, the Ministry of Health will actively partner with other ministries and agencies to complete relevant mechanisms and push ahead with vaccine trials. The Ministries of Education and Training, Industry and Trade, and Transport were asked to report on COVID-19 prevention … [Read more...] about Committee orders tightened border control to prevent illegal entry