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Vietcombank files for private issue of 360 million shares

Vietnam’s State Securities Commission has received an application from Vietcombank for a private placement of shares worth over $156.5 million. The commission (SSC) said the country’s third largest bank by assets proposes to make a private issue of 360 million shares, equivalent to 10 percent of its charter capital. The …

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Vietnamese prefer offline payment for online shopping

A shipper counts banknotes for change as his customer wait in this photo taken in Ho Chi Minh City.

Cash is king for Vietnamese consumers, even when they shop online. Internet-based commerce platforms should ensure they have cash among the payment options, as many Vietnamese shoppers believe that cash on delivery (COD) makes them feel more comfortable shopping online. According to Vietnam eCommerce and Digital Economy Ageancy (iDEA), 82 …

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Vietnam Airlines launches in-town check-in service

Passengers check in at a Vietnam Airlines counter at Noi Bai International Airport in Hanoi.

To help passengers ensure their journey gets off to a great start, national flag carrier Vietnam Airlines has announced the official launch of its new In-town Check-in service, the first of its kind in the Southeast Asian country. The service is provided by a subsidiary of Vietnam Airlines – Vietnam …

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Vietnam outpaces China as Adidas’ supplier last year: association

Workers make shoes at a Vietnamese factory.

Vietnam surpassed China as a supplier of footwear for Germany-based Adidas in 2017 in the multinational corporation’s years-long shift of sourcing, according to the latest figures from the Vietnam Leather, Footwear and Handbag Association (LEFASO). In 2017, Vietnam made 44 percent of Adidas’ footwear volume while Chinese factories produced 19 …

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Tour guides to be star-rated for the first time in Vietnam

A guide gestures to explain to foreign tourists in downtown Ho Chi Minh City.

A program to apply star ranking for tour guides on the basis of their capacity, knowledge and experience–the first of its kind in Vietnam–will begin this month, the Vietnam Tourism Association (VNTA) said on Thursday. The program, financially supported by the EU, was kick-started at a conference co-hosted by the …

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Auction all public land, proposes head of parliament

National Assembly Chairwoman Nguyen Thi Kim Ngan proposed that all public land be put up for auction.

Vietnam should put all public land up for auction to increase transparency in resource management, National Assembly Chairwoman says. Nguyen Thi Kim Ngan said Tuesday that many businesses and individuals have been given land without going through a bidding process, resulting in losses to the state coffers. Many people, including …

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