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.
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.