vietnam is targeting a virtually cashless economy Vietnam is targeting a virtually cashless economy

10:09 | 09/02/2017 Finance - Banking

(VEN) - A government-approved project to sharply reduce the use of cash in the economy aims to keep cash transactions at under 10 percent by 2020, to reach 200 million transactions a year through points of sale, promote electronic payments and boost the use of bank cards.  
ho chi minh citys domestic tax collection highest in decade Ho Chi Minh City’s domestic tax collection highest in decade

15:09 | 07/02/2017 Finance - Banking

The southern metropolis Ho Chi Minh City collected VND35 trillion (US$1.52 billion) for its coffer during January 2017, departments and agencies reported the municipal authorities during a working session on February 6th.
shops set for gold rush on god of wealth day Shops set for gold rush on God of Wealth Day

15:41 | 06/02/2017 Finance - Banking

Domestic gold demand is expected to surge sharply on February 6th as Vietnamese prefer buying the metal to mark God of Wealth Day – the tenth day of the Lunar New Year.
state audit should boost intl cooperation to strengthen capacity pm State Audit should boost int’l cooperation to strengthen capacity: PM

15:35 | 03/02/2017 Finance - Banking

Prime Minister Nguyen Xuan Phuc has asked the State Audit Office of Vietnam (SAV) to enhance international cooperation to learn from other countries, helping improve its capacity.
exchange rate maintains stability despite volatility Exchange rate maintains stability despite volatility

16:40 | 31/01/2017 Finance - Banking

(VEN) - The exchange rate of the Vietnamese dong was maintained at a stable level in 2016, significantly contributing to achieving the country’s macroeconomic targets.  
derivatives market increases vietnams attractiveness Derivatives market increases Vietnam’s attractiveness

10:15 | 27/01/2017 Finance - Banking

(VEN) - The Vietnamese derivative securities market is expected to be launched in the first quarter of 2017. The move will contribute to improving the structure and upgrading the Vietnamese stock market in the context of international integration.  
securities market expects stronger growth Securities market expects stronger growth

14:27 | 24/01/2017 Finance - Banking

(VEN) - As of November 15, 2016, the Vietnamese securities market’s capitalization reached US$75.61 billion, equivalent to 37.8 percent of the country’s gross domestic product (GDP). The rate is expected to hit 70 percent by 2020.
sbv aims to hold inflation under 4 percent in 2017 SBV aims to hold inflation under 4 percent in 2017

10:17 | 19/01/2017 Finance - Banking

The State Bank of Vietnam (SBV) will control inflation under 4 percent and stabilise the macro economy to reach a GDP growth of 6.7 percent, as well as ensure a safe operation for the banking system, a high ranking official of the central bank said.
state bank keeps reference exchange rate stable State bank keeps reference exchange rate stable

14:31 | 16/01/2017 Finance - Banking

The State Bank of Vietnam set the reference VND/USD exchange rate at 22,161 VND per USD on January 16, unchanged from the end of last week.
vietnam considers plan for gold trading floor to curb hoarding Vietnam considers plan for gold trading floor to curb hoarding

12:31 | 15/01/2017 Finance - Banking

Experts estimate that Vietnamese are keeping up to 500 tons of gold in personal savings, which could be channeled into the economy.
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