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US$1.3-billion LEGO plant gets off ground in Binh Duong

HCMC – Danish company LEGO today, November 3, broke ground on a US$1.3-billion plant in the southern province of Binh Duong. The environmentally friendly facility,...

Vietnam’s new overseas investment capital increases

HCMC – Vietnam's new overseas investment capital increased sharply in the first 10 months of the year, showed data from the General Statistics of...

OCB allowed to increase charter capital

HCMC – Orient Commercial Joint Stock Bank (OCB) has received the nod from the State Bank of Vietnam to increase its charter capital by...

Danish jewelry producer joins hands with FPT Software to build factory

HANOI - FPT Software, a unit of FPT Corporation, has announced its partnership with Julie Sandlau, one of the world’s leading jewelry producers, to...

Int’l tourist arrivals in Vietnam surge in Jan-Oct

HCMC - Over 2.35 million international tourists traveled to Vietnam between January and October, a year-on-year surge of 18.8-fold, according to statistics from the...

TSG fined VND310m over illegal share issues

HCMC – The State Securities Commission of Vietnam (SSC) has imposed an administrative fine of VND310 million on TSG Investment and Construction JSC for...

Ecommerce platforms not required to pay taxes on behalf of sellers

HCMC – Ecommerce platform operators in Vietnam will have to provide tax agencies with information about sellers, instead of having to pay taxes on...

NA deputies say relevant ministries must bear responsibility for fuel dearth

HCMC - The ongoing short supply of gasoline on the local market is an unusual phenomenon, requiring higher responsibility from the relevant ministries and...

What’s in The Saigon Times Weekly this week?

Focus: Foreign Capital Exodus?: The common understanding among a majority of people is that when the local currency depreciates against the U.S. dollar, it will trigger an outflow of foreign capital, i.e. not...

Banks report handsome profits in Q3

HCMC - Many local banks have released their business results, which indicate huge third-quarter profits. Asia Commercial Bank (ACB) recorded a pretax profit of nearly...

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