The insurance market increases investment in the economy

16:20 | 24/07/2014 Finance - Banking

(VEN) - The insurance market grew 12.6 percent in the first half of this year compared to the same time in 2013 despite the slow economic recovery, decreased interest rates and low credit growth.
Implementing credit solutions

15:34 | 23/07/2014 Finance - Banking

(VEN) - Despite low credit growth in the first six months of this year, liquidity in the banking system remained abundant and credit grew, focusing more on priority areas. In the last half of this year, the banking sector will implement more specific measures to boost credit growth. State Bank of Vietnam (SBV) leaders said that credit growth would expand in the last half of this year and reach the ambitious set targets.
Positive signal in the banking sector

10:44 | 21/07/2014 Finance - Banking

(VEN) - In the first half of this year, credit growth in the banking sector reached over 3.5 percent. In the context of current economic difficulties, many commercial banks achieved higher credit growth than the overall figure.
VAT refund issued

11:22 | 17/07/2014 Finance - Banking

(VEN) - The Ministry of Finance recently issued Circular 72/2014/TT-BTC regarding the refund of the value added tax (VAT) imposed on goods carried by foreigners and overseas Vietnamese when exiting Vietnam. Under the circular, the VAT will be refunded for the following kinds of goods:
Foreign currency credit increases under control

14:10 | 16/07/2014 Finance - Banking

(VEN) - The National Financial Supervisory Commission of Vietnam expressed concern about a decline in foreign currency deposits while foreign currency credit kept increasing in the beginning months of this year. However, the State Bank of Vietnam (SBV) said that allowing commercial banks to extend foreign currency credit in order to support credit growth was needed.
Vietnam to grow by 5.4 percent this year

09:59 | 14/07/2014 Finance - Banking

(VEN) - Vietnam could grow by 5.4 percent this year, the World Bank said at a press conference held on July 8 in Hanoi to announce its report on Vietnamese economic development.
Supplementing, amending two administrative procedures on PIT

11:26 | 10/07/2014 Finance - Banking

(VEN) - The Ministry of Finance (MOF) recently issued Decision 1378/QD-BTC on announcements of two supplemented and amended administrative procedures within the competence of MOF.
TPBank reaches 120 percent of profit target

10:12 | 09/07/2014 Finance - Banking

(VEN) - TPBank had earned VND263 billion in the first half of this year reaching 120 percent of its six-month projection and 60 percent of its annual target.
WB adopts US$270 million for power sector reform

15:26 | 08/07/2014 Finance - Banking

(VEN) - The World Bank (WB) recently adopted a US$200 million loan and a US$70 million credit for the Vietnamese government to reform the power sector, increase its resistance against climate change and develop low carbon.
Applying high-tech in agriculture: Piloting lending program

15:10 | 07/07/2014 Finance - Banking

(VEN) - Credit contracts between commercial banks and enterprises in Can Tho, Dong Thap, Lam Dong, Nam Dinh and Nghe An provinces participating in the second phase of the lending program on applying high-tech in agriculture were signed at the State Bank of Vietnam (SBV) on July 2, 2014 with a total capital of nearly VND2.4 trillion.
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