After three years, Saigontourist has still determined to divest from Saigonbank

After two years of unsuccessful divestment, in 2017, Saigontourist continuously divest from Saigonbank with the starting price is higher than it before. This year, Saigontourist plans to auction over 10.75 million shares of Saigonbank (SGB), accounting for 3.49% of total current shares of the bank. Purpose of the capital divestment is to restructure enterprises by …

Russian enterprises are interested in Vietnam market

Russian enterprises are very interested in the Vietnam market in the face that the ruble has been depreciating and Russian producers are looking to international markets. According to a reporter of VNA in Moskva, many experts said that the bilateral trade between Russia and Vietnam was not commensurate with the potential of well-political relations between …

APEC 2017: An opportunity for micro-, small- and medium-scale enterprises in Vietnam

The APEC 2017 is an opportunity for Vietnamese micro, small and medium scale enterprises to learn from experience, promote their image and build up the business cooperation with leading enterprises. At the present, micro, small and medium scale enterprises account for 79% of the number of businesses in Asia-Pacific. Policymakers and economists believe that the …

SCB is negotiating to sell 50% of the stake to foreign partners with a minimum value of USD700 million

This is considered as the first bank allowed by the Government of Vietnam to sell shares with a large proportion to foreign investors. Saigon Bank – SCB, the fifth-largest bank in terms of assets in the system, revealed that it has been negotiating to sell 50% of its shares to a single foreign investor at …

Toshiba claimed to restructure, 19,000 employees have been affected

On 25 April 2017, Toshiba has announced that it would separate the four main businesses into individual subsidiaries. This restructuring (spinoff *) will start in July and 19,000 employees will be transferred to new companies. The Japanese corporation has been working hard to prevent the failure of the US nuclear power division from crippling the …