World Bank cuts East Asia growth forecast
08:22 | 14/04/2015 Finance - Banking
The World Bank cut its 2015 growth forecasts for developing East Asia and China, and warned of "significant" risks from global uncertainties including the potential impact from a strengthening dollar and higher US interest rates.
Foreign eye banks, real estate
17:51 | 13/04/2015 Finance - Banking
The increasing signs of an economic recovery have bolstered investor confidence and laid the foundation for more foreign investors to dip their toes in Vietnam’s stock market in the coming time, experts claim.
Gold export taxes increase
19:00 | 06/04/2015 Finance - Banking
(VEN) - The Ministry of Finance recently issued Circular 36/2015/TT-BTC raising the export tax rate applied to golden jewelries, industrial products and other products made of gold in groups 71.13, 71.14, 71.15 of the export tariff from zero percent to two percent. These include golden jewelries and parts of golden jewelries, industrial products and parts of industrial products, and other products, with 95 percent or higher content of gold.
BIDV authorized to relend WB loans for power project
14:48 | 04/04/2015 Finance - Banking
(VEN) - The Ministry of Finance has authorized the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) to relend loans totaling US$500 million provided by the World Bank (WB) for the Transmission Efficiency Project (TEP) to be implemented from 2015 until 2020. This project is designed to increase the capacity, efficiency and reliability of the electricity transmission network in major economic areas such as expanded Hanoi, expanded Ho Chi Minh City, the Mekong Delta, and the central region.