no capital shortages for prioritised sectors central bank No capital shortages for prioritised sectors: Central bank

10:33 | 19/04/2019 Finance - Banking

The banking sector pledged to meet the capital demand for production and business, especially in five prioritised sectors, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said at a conference connecting enterprises and banks in Hanoi on April 16.
credit growth limited at 15 percent for best banks in 2019 Credit growth limited at 15 percent for best banks in 2019

10:33 | 18/04/2019 Finance - Banking

The State Bank of Vietnam (SBV) has assigned a credit growth limit to each commercial bank in 2019, with priority given to those who met Basel II’s capital safety and risk management standards ahead of schedule.
hcmc thirsts for private infrastructure capital HCMC thirsts for private infrastructure capital

14:10 | 16/04/2019 Finance - Banking

(VEN) - In a bid to draw additional private funding for major infrastructure projects, Ho Chi Minh City is reassuring investors that conditions for investment will be far more attractive in the long-run.
state bank issues new regulations on use of foreign currencies in vietnam State Bank issues new regulations on use of foreign currencies in Vietnam

14:18 | 12/04/2019 Finance - Banking

The State Bank of Vietnam has issued Circular 03/2019/TT-NHNN to amend and supplement several provisions of Circular 32/2013/TT-NHNN on restricting the use of foreign currencies in the territory of Vietnam.
social insurance office targets 323 percent in coverage in 2019 Social insurance office targets 32.3 percent in coverage in 2019

15:56 | 11/04/2019 Finance - Banking

The Vietnam Social Security (VSS) targets 32.3 percent of the workforce nationwide joining social insurance in 2019, 33.9 percent in 2020, and 35.6 percent in 2021.
hanoi stock exchange eyes profit of us 132 million in 2019 Hanoi Stock Exchange eyes profit of US$13.2 million in 2019

15:47 | 10/04/2019 Finance - Banking

The Hanoi Stock Exchange (HNX) eyes VND308 billion (US$13.2 million) in pre-tax profit in 2019, up 0.3 percent year on year, and VND594.3 billion in total revenue, up 5.66 percent year on year.
credit growth rises 228 percent in first quarter of 2019 Credit growth rises 2.28 percent in first quarter of 2019

15:52 | 09/04/2019 Finance - Banking

The total outstanding loans of the banking system rose 2.28% by March 25 and the total means of payment went up by 2.67% compared to late 2018, according to Deputy Governor of the State Bank of Vietnam (SBV), Nguyen Thi Hong.
standard and poors raises vietnams sovereign rating Standard and Poor’s raises Vietnam's sovereign rating

15:02 | 08/04/2019 Finance - Banking

Standard &Poor’s (S&P) Global Ratings has announced that it has raised Vietnam’s sovereign rating to ‘BB’ from ‘BB-‘, with a stable outlook.
ifc routes 100 million to vietnamese smes through local bank IFC routes $100 million to Vietnamese SMEs through local bank

08:28 | 07/04/2019 Finance - Banking

The International Finance Corporation (IFC) will lend $100 million to Orient Commercial Joint Stock Bank (OCB) towards extending credit to SMEs.
ministry proposes lowering cit for smes Ministry proposes lowering CIT for SMEs

16:28 | 05/04/2019 Finance - Banking

The Ministry of Finance has proposed cutting corporate income tax (CIT) rates on small and micro businesses from the current 20 percent to 15-17 percent.
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