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‘The big five’ in Vietnam’s banking system

The big five are state -owned banks Agribank, BIDV, VietinBank and Vietcombank, and Saigon Commercial Bank (SCB), a joint stock bank with the fifth largest total assets in the system. By the end of the second quarter of 2018, the Bank for Investment and Development of Vietnam (BIDV) had total …

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Domestic retailers strive to gain competitive edge

Domestic retailers must work to outline rational business strategies to gain a competitive edge over their foreign rivals, especially as the local retail market has become more attractive than ever to foreign investors. According to statistics from the General Statistics Office, thanks to strong growth, the Vietnamese retail market has …

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European beer brand Amstel launched in Vietnam

Alexander Koch (R), commercial director of Heineken Vietnam, speaks at the launch of Amstel in Vietnam on October 18, 2018.

Vietnam’s beer market has witnessed the official arrival of premium European beer brand Amstel, the latest addition to Heineken Vietnam’s product portfolio. The launch adds to a long list of brands produced and distributed by Heineken Vietnam, which includes Heineken, Tiger, Larue, BGI and BIVINA, Desperados, Affligem and Strongbow, the …

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Banks look for ways to raise capital

The state-owned Vietcombank has received approval from the State Bank of Vietnam’s to raise capital, while BIDV is stepping up implementation of a plan to issue shares to specific shareholders. Vietcombank will raise its charter capital from VND36 trillion to VND39.5 trillion, or 10 percent. Meanwhile, BIDV plans a bigger …

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Vietnamese rice exports see constant growth

The Vietnamese rice sector will attempt to increase the volume of fragrant rice, specialty rice and Japonica rice

The Vietnamese rice sector has made strides and achieved positive results over the past few years, with annual rice exports accounting for approximately 15% of the total volume of global rice exports. However, the brands of Vietnamese rice are not yet known by the majority of foreign consumers. The Ministry …

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