Vietnam grants license to first foreign bank since 2008
The Industrial Bank of Korea (IBK)'s Vietnam subsidiary has been licensed to establish a wholly foreign-owned, locally incorporated bank.
Thanh Hoa licenses 28 new projects worth $1.14bln
The projects focusing on various fields, including: industry, processing, infrastructure, and services aimed at creating growth momentum in the near future.
Bac Ninh province licenses projects worth $5.58 bln
Major investors including Foxconn, Samsung Display, Aeon Mall Vietnam, Goertek Technology Vina and Victory Giant Technology.
Vietnam Sees Record Business Formation, But Withdrawals Still Outpace Entries
Newly established enterprises hit a four-month record in Vietnam, yet the number of business withdrawals still outpaces entries, signaling ongoing market challenges.