20-percent import tariffs on rice exports to Mexico

14:55 | 02/01/2015 Finance - Banking

(VEN) - The Vietnamese Trade Office in Mexico said that from January 9, 2015, Mexico will reapply import tariffs of 20 and 9 percent for rice and paddy exports to Mexico.
Vietnam Airlines receives US$160 million funding from Vietcombank

14:37 | 01/01/2015 Finance - Banking

(VEN) - The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and Vietnam Airlines signed a US$160 million credit contract on financing the latter’s advance payments for eight Boeing B787-9 aircraft and 10 Airbus A350-XWB aircraft on December 18.
Increased gasoline and oil import tax: Harmonizing interests of businesses, consumers and state

14:33 | 31/12/2014 Finance - Banking

(VEN) - In addition to falling crude oil prices which have negatively affected the national economy, particularly petroleum businesses, the Ministry of Finance has also announced several increases in petroleum import tax. Vietnam Economic News’ Nguyen Hai and Quynh Minh talked with Chairman of the Vietnam Petroleum Association Phan The Rue.
Free import tariffs for medical equipment components

14:54 | 30/12/2014 Finance - Banking

(VEN) - Provisions in terms of free import tariffs for medical equipment components are stated in a draft circular guiding the exemption of import tariffs on components serving for manufacturing and assembling medical equipment.
Foreign currency capital not a concern

14:25 | 30/12/2014 Finance - Banking

(VEN) - The State Bank of Vietnam (SBV) affirmed that it would continue allowing credit institutions to make their own lending decisions pertaining to the provision of short-term foreign currency loans for petroleum businesses and companies which export goods via border crossings. This permission would remain in effect until the end of 2015.
Tax incentives in building high-tech parks

15:18 | 24/12/2014 Finance - Banking

(VEN) - The Ministry of Finance has given their opinions in a draft on approving the high-tech park development master plan based on Office Notice 17240/BTC-CST.
Standard Chartered helps Vietnam reduce liability pressure

10:20 | 23/12/2014 Finance - Banking

(VEN) - The Vietnamese government’s highly successful issuance of US$1 billion global bonds in November 2014 on which Standard Chartered Bank acted as a joint Bookrunner has helped the Government lessen liability pressure.
Guiding VAT on several items

10:10 | 19/12/2014 Finance - Banking

(VEN) - The Ministry of Finance issued Office Notice 17709/BTC-TCT not applying the value-added tax (VAT) on fertilizers, machinery and equipment serving agricultural production, offshore fishing boats and animal feed from imports, production to trading from January 1, 2015.
IFC awards first EDGE certifications in Vietnam

10:34 | 18/12/2014 Finance - Banking

(VEN) - On December 16 in Ho Chi Minh City, the International Finance Corporation (IFC), a member of the World Bank Group, handed over its first EDGE resource efficiency certifications in Vietnam to the Nam Long Investment Corporation and the FPT City Da Nang Joint Stock Company.
Capital market development needed

10:54 | 16/12/2014 Finance - Banking

(VEN) - Vietnamese commercial banks have faced a big difference in maturity between assets and capital. According to the Banking Working Group at the 2014 Year-end Vietnam Business Forum (VBF) launched recently in Hanoi, it is necessary to work on specific solutions to resolve the imbalance to ensure safety of commercial banks and promote the development of the domestic capital market.
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