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.
Taxing gasoline and oil in self-propelled vehicles temporarily imported for export

16:11 | 03/07/2014 Finance - Banking

(VEN) - The Ministry of Finance recently announced Official Letter 7879/BTC-TCHQ, resolving problems related to payment of taxes on gasoline and oil in self-propelled vehicles which are temporarily imported for re-export in accordance with Provision 3, Article 15, Circular 139/2013/TT-BTC dated October 9, 2013.
Generali Vietnam, Techcombank begin bancassurance partnership

17:08 | 02/07/2014 Finance - Banking

(VEN) - Generali Vietnam Life Insurance L.L.C and Techcombank recently signed a bancassurance partnership agreement.
Exchange rate adjustment and positive impacts

14:08 | 01/07/2014 Finance - Banking

(VEN) - The State Bank of Vietnam (SBV) officially adjusted the VND/USD exchange rate up by one percent with the goal of promoting exports. According to economists, the adjustment has received a positive response and boosted confidence.
LienVietPostBank appointed to disburse US$250 million for ODA project

11:07 | 01/07/2014 Finance - Banking

(VEN) - LienVietPostBank was the only bank recommended by the investor in the official development assistance (ODA) Vietnamese overland road development project and the World Bank (WB) to disburse more than US$250 million. Then the proposal was adopted by the Governor of the State Bank of Vietnam Nguyen Van Binh.
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