Local mobile operator MobiFone has signed a contract with Ericsson to obtain new mobile video technology, hoping to meet the increasing demand for video by Vietnamese phone users.

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MobiFone partners with Ericsson for mobile video solution

Several banks have broken an interest rate cap on dollar deposits in an attempt to attract funds to meet the increasing credit demand.

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Vietnam banks offer higher dollar rates than allowed

The State Bank of Vietnam on Friday ordered local commercial banks to follow strictly the schedule to raise their capital and meet the higher requirements set by the government.

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Banks reminded of deadline for meeting capital requirement

DBS Bank, Southeast Asia’s largest bank, Wednesday set up a branch in Ho Chi Minh City to meet the financial needs of Singapore and Asia-based corporations with business interests in Vietnam.

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Singapore’s DBS Bank opens branch in HCMC

The government will use its foreign currency reserves to inject more liquidity to the market in an attempt to meet the forex demand of the production sector, a senior government advisor said.

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Foreign reserves will be deployed to stabilize market: official

A Vietnam Bank Association analyst predicted that five commercial banks will not be able to raise enough funds this year to meet the higher capital requirements set by the government.

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Some banks can’t meet higher capital requirement

Vietnam’s Ministry of Construction has approved a proposal to develop 20 square meter apartments on a trial basis to meet the high demand for housing in Ho Chi Minh City.

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Developer gets nod to build 20 sqm efficiency apartments