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PGBank faces uncertain future

According to the latest disclosure by Petrolimex Group Commercial Joint Stock Bank (PGBank) and HDBank, a merger between the two banks will be complete by June 2020.

Infighting cause of Eximbank downhill slide

Eximbank was once known to be among the leading commercial banks of Vietnam, but recently it has been going rapidly downhill. The reason could be a prolonged struggle within board members for position of top slot.

VNM stock may not have been victim to rumors

Vietnam Dairy Products Joint Stock Company (Vinamilk-stock code VNM) has been facing a downtrend for many months, with a slowdown in production and business activities. However, people said that it was the information that VNM was using poor quality material had caused investors to sell off capital and thereby causing losses of thousands of billion dong for Vinamilk.

Reunification Palace, a place for domestic and foreign tourists. Photo: LONG THANH

Developing a tourism brand for Ho Chi Minh City

In order to gain a wider perspective of the idea to develop a tourism brand for Ho Chi Minh City and other related tourism products to lure more visitors to the City, Saigon Investment had an interesting and candid interview with Mr. Tran Hung Viet, Chairman of the Ho Chi Minh City Tourism Association.

Nha Trang Sea Festival has been a mark for tourism products in Khanh Hoa province.

Cultural tourism products must enhance glory of city

Thirteen significant events were organized by relevant agencies in Ho Chi Minh City in early November 2019 to gather constructive criticism for developing particularly interesting cultural tourism products for the City.

Ben Thanh Market is a symbol of Ho Chi Minh City but has not yet fully exploited potential advantages. Photo: LONG THANH

Ho Chi Minh City tourism struggling to make breakthrough

Over the years, Ho Chi Minh City tourism has recorded tremendous growth in terms of both domestic and foreign tourists. However, in reality the City tourism is struggling to make a breakthrough in finding ways to attract more tourists to stay for longer durations, and even make return trips to Vietnam, all for the purpose of increasing tourism revenue.

Cai Lay - Tien Giang toll station has not yet collected because of many unresolved disputes.

Policy gaps in BOT and ETC projects

The failure of executive policies in governance are evident in the fact that Electronic Toll Collection Co., Ltd (VETC) threatened to turn over the current implementation of the electronic toll collection project (ETC); and loans from BOT projects are eventually turning into bad debts.

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VETC requests return of ETC projects to State

The Vietnam Electronic Toll Collection Company (VETC) has requested the Ministry of Transport (MOT) to return the electronic non-stop toll collection projects (ETC) back to the State, which suggests that businesses did not provide any risk provision when planning the projects nor have placed responsibility on related parties.

Cars crossing the automatic toll lane on Highway 51. Photo: THANH TRI

What led to fall of ETC project?

It has come as a surprise to many that the Vietnam Electronic Toll Collection Co., Ltd (VETC) has suddenly requested turning over the current implementation of Phase-1 of the Electronic Toll Collection Project (ETC) to the Ministry of Transport (MOT). Why is such an important project, which is contributing to resolving urgent issues in BOT transportation, and a major concern of the Government, all of a sudden at risk of collapsing in just five years of deployment?

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Constant fluctuation in gold price

Over the last eight years, the gold market in Vietnam and across the world has experienced many ups and downs with constant fluctuations. But history shows that gold prices have a tendency to suddenly shoot up as well.

An ancient mansion restored by an enterprise.

Public funding necessary for restoration of heritage sites

Ho Chi Minh City has 172 ancient relics that have been ranked by the Ministry of Culture and Information as part of the country’s cultural heritage, of which two have been designated special national historical sites and 56 termed as national monuments.

Stock markets show optimistic signs

Stock markets show optimistic signs

In the first two weeks of November, the economy and the stock market received a lot of positive response in Vietnam and across the world, showing optimistic signs in all stock markets.

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Drastic plunge of BMC stock

In the market craze of 2007, the stocks of Binh Dinh Minerals Corp (BIMICO), with stock code BMC, were raised to a record high at Vietnam Securities Market, trading at VND 847,000 per share.