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Vietnamese invoice processing automation startup raises $3 million

Bizzi, a software as a service platform that streamlines the manually draining accounting process, has successfully raised $3 million during a pre-Series A round, according to a statement.

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State Treasury purchases $150 million from commercial banks

The Vietnam State Treasury has successfully purchased $150 million from 30 commercial banks, said Luu Hoang, head of the VST Department of Treasury Management.

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KiotViet: Driving the Digital Transformation of Vietnam’s MSMEs - the Country’s Economic Growth Engine

Southeast Asia is projected to become the fourth-largest economy in the world by 2030, driven by long-term macroeconomic trends, such as fast-growing middle class, rising urbanization, technological disruption.

News

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PetroVietnam’s subsidiary to build two offshore wind power substations in Taiwan

A consortium consisting Denmark-based Semco Maritime A/S and PetroVietnam Technical Services Corporation has been selected to build two offshore substations for two wind projects in Taiwan.

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Vietnam to spend $10-11.5 bln a year on power sector

Vietnam looks to spend $10-11.5 billion a year between 2021 and 2030 on electricity generation and transmission, according to the latest draft Power Development Master Plan VIII.

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Three North-South Expressway segments face funding difficulties

Three sections of the North-South Expressway to be built by public-private partnerships are facing trouble mobilizing funds from banks.

Economy

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Despite pandemic, EU-Vietnam free trade pact boosts two-way trade

Despite the COVID-19 pandemic, the EU-Vietnam Free Trade Agreement, which entered into force in August 2020, has helped to boost two-way trade and buffer the impact of the economic downturn.

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World Bank lowers Vietnam’s 2021 economic growth to 2 – 2.5%

With the negative growth in the third quarter, Vietnam's GDP growth rate for 2021 could reduce, World Bank said in a recent report.

Companies

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Vietnam Airlines to organize an extraordinary shareholder meeting

Vietnam Airlines has announced to hold an extraordinary general meeting of shareholders on November 30, 2021.

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“The claws of the Vietnamese dragon” are ready to conquer the new era?

In preparing to mark the 30-year milestone and set a step for a strong transformation, CT Group has decided to change its brand identity.

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KiotViet: Driving the Digital Transformation of Vietnam’s MSMEs - the Country’s Economic Growth Engine

Southeast Asia is projected to become the fourth-largest economy in the world by 2030, driven by long-term macroeconomic trends, such as fast-growing middle class, rising urbanization, technological disruption.

Market

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Finance ministry announces roadmap to reorganise stock market

Minister of Finance plans to rearrange the securities trading market in a newly-promulgated Circular, a move towards the merging two national stock exchanges into one named the Việt Nam Stock Exchange.

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Masan gets approval to remove foreign ownership limit

Vietnam’s private conglomerate Masan Group has got approval from the State Securities Commission to raise foreign ownership limit to 100%, according to a statement posted on its website.

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Casino operator stock skyrockets despite sustained losses

Ticker RIC of the Royal International Corporation has surged 755 percent since January despite the company reporting losses for years.

Real Estate

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Masterise Homes introduces Privileged Insurance Package in the new normal

Masterise Homes announced the strategic partnership with Techcombank in the program For the Ultimate Peace of Mind with Manulife Privilege Insurance Package.

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Vietnam's first Ritz-Carlton branded residences to offer a limited apartment number to local market

A restricted amount of 104 apartment units of Hanoi's first branded residences project will be offered for sale in the domestic market. The rest will be sold in the international market.

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Ascott seals strategic partnership with Sun Group to manage Vietnam's largest serviced residence

Ascott Limited, a wholly owned business unit of CapitaLand Investment has announced that it has entered into a strategic partnership with Sun Group, one of the biggest real estate developers in Vietnam.

World

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Jeff Bezos to Step Down as Amazon CEO; Andy Jassy to Take Over

The company announced changing roles as it reported that revenue in the fourth quarter soared 44% to $125.56 billion

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China failed to buy agreed amounts of U.S. goods under ‘phase one’ trade deal

China has so far failed to meet its committed purchases of U.S. goods under the “phase one” trade deal that it struck with the Trump administration.

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Signal and Telegram downloads surge after WhatsApp says it will share data with Facebook

Downloads of privacy-focused messaging apps Signal and Telegram got a boost as users looked for alternatives to Facebook-owned WhatsApp over concerns about changes to the service’s privacy policy.