Preferential credit for fisheries development
15:40 | 04/08/2014 Economy
(VEN) - State Bank of Vietnam Governor Nguyen Van Binh said that fishermen, especially those involved in offshore fishing, will benefit from many favorable conditions including loans of more than 10 years with an interest rate lower than the stipulated for building and improving fishing boats. With cooperation from local authorities, the State Bank will instruct banks to assure related procedures are accomplished promptly to make it possible for fishermen, businesses and cooperatives to have easy access to capital.
Kanagawa businesses want to invest in Vietnam
11:16 | 04/08/2014 Economy
(VEN) - Japan's Kanagawa Prefecture Governor Yuji Kuroiwa said that 40 companies from Kanagawa Prefecture are currently investing in Vietnam and many other companies from the prefecture are preparing plans to invest in Vietnam in the future.
SHB Sporting Account: Good product, perfect service
17:02 | 31/07/2014 Economy
(VEN) - The Saigon-Hanoi Commercial Joint Stock Bank (SHB) recently had the honor of having its Sporting Account recognized as “Good product - Perfect service 2014” by the Vietnam Union of Science and Technology Associations, the Vietnam Standards and Consumers Association and the National Office of Intellectual Property of Vietnam under the Ministry of Science and Technology.
PVEP asked to boost overseas investment
15:29 | 31/07/2014 Economy
(VEN) - Deputy Prime Minister Hoang Trung Hai has proposed that PetroVietnam Exploration Production Corporation (PVEP) focus on mapping out strategies to boost its oil and gas exploration and exploitation overseas.
Tax exemption for interest from loans of JFC and JBIC
15:22 | 31/07/2014 Economy
(VEN) - According to Document 2623/TCT-HTQT issued by the General Department of Taxation on July 10, 2014, the Ministry of Foreign Affairs has issued Notice 37/2014/TB-LPQT on the exchange of letters on the application of double taxation avoidance agreement between Vietnam and Japan with the Japan Finance Corporation (JFC) and the Japan Bank for International Cooperation (JBIC), signed in Hanoi on April 15, 2014 and effective ever since.
Mitsubishi to expand investment in Vietnam
11:33 | 31/07/2014 Economy
(VEN) - Mitsubishi Heavy Industries, Ltd. President, CEO Shunichi Miyanaga said that the company was catching up opportunities to invest in the power sector and adopting strategic directions for manufacturing products in Vietnam serving exports at a meeting with Minister of Industry and Trade Vu Huy Hoang on July 22.
Japan pays attention to Vietnam’s power projects
08:08 | 30/07/2014 Economy
(VEN) - Japan Bank for International Cooperation (JBIC) General Director Hiroshi Watanabe said that Japanese companies had paid special attention to Vietnam’s power projects based on Public-Private Partnership (PPP) investments.
Popularizing WB’s model projects
15:32 | 29/07/2014 Economy
(VEN) - For five years using the World Bank (WB)’s official development assistance (ODA) loans totaling US$200 million and additional funding from financial institutions and contributions of end-borrowers through the Third Rural Finance Project, US$487 million or VND9.8 trillion has been invested in Vietnam’s rural areas. About 135,000 individuals and businesses and more than 70,000 poor households have been offered access to finance to improve their lives.
HCMC: FDI thrives
11:30 | 29/07/2014 Economy
(VEN) - In the first half of this year, industrial and export processing zones in Ho Chi Minh City attracted an additional US$333.4 million in domestic and foreign investment, 60.63 percent of the 2014 target and up 55.49 percent from the same time last year.
Estimating budget revenue based on import, export forecasts
15:35 | 28/07/2014 Economy
(VEN) - The Ministry of Finance recently provided guidance for the General Department of Vietnam Customs to exceed the tax collection plan for 2014 and estimate the state budget revenue for 2015 based on careful analyses and forecasts about economic growth and import, export activities.