In the past 10 months, there are 16 enterprises newly established each hour

The number of newly established enterprises and average registered capital increased due to positive effects from innovative policies. General Statistics Office of Vietnam (Ministry of Planning and Investment) has announced the situation of business registration in the past 10 months. “Policies have taken effective” Accordingly, in October 2016 alone, there were 10,314 newly established enterprises with …

Withdrawing all “spam” SIMs from November 1st

From November 1st, enterprises will withdraw availably activated SIM (Subscriber Identity Module) and strictly punish agents violating this regulation. Availably activated SIMs on distribution channels prior to November 1st, 2016 will be examined and withdrawn if violation signs are found. Five mobile network operators Viettel, VinaPhone, MobiFone, Vietnamobile and GTel recently signed a commitment with …

VietinBank gained VND 6,485 billion of profit in the first 9 months of 2016

In the first 9 months of 2016, capital mobilization growth at VietinBank increased significantly (27%). However, the more capital this bank mobilized, the more they lent to customers. Incidentally, both mobilizing capital and lending capital reached VND 625 trillion. In accordance with the Consolidated Financial Statement Q3/ 2016 of Vietnam Joint Stock Commercial Bank for …

Pha Lai Thermal Power JSC. got a loss of VND 348 billion in the first 9 months of the year

Particularly  in Q3, the enterprise only earned VND 1 billion in profit. Pha Lai Thermal Power Joint Stock Company (code: PPC) has announced the consolidated financial statement of the Q3/2016. The  revenue of Pha Lai Thermal Power JSC. dropped 29%, being VND 1,266 billion. PPC said that during the quarter, the power output fell 23% …