Banking sector's assets climb
14:57 | 12/01/2015 Finance - Banking
Latest data from the State Bank of Vietnam revealed that the total assets of the country's credit institutions was up 1.67 percent in November-end from the previous month.
Foreign currency capital not a concern
14:25 | 30/12/2014 Finance - Banking
(VEN) - The State Bank of Vietnam (SBV) affirmed that it would continue allowing credit institutions to make their own lending decisions pertaining to the provision of short-term foreign currency loans for petroleum businesses and companies which export goods via border crossings. This permission would remain in effect until the end of 2015.
Guiding VAT on several items
10:10 | 19/12/2014 Finance - Banking
(VEN) - The Ministry of Finance issued Office Notice 17709/BTC-TCT not applying the value-added tax (VAT) on fertilizers, machinery and equipment serving agricultural production, offshore fishing boats and animal feed from imports, production to trading from January 1, 2015.