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.
Higher tariff on imported gasoline, petroleum

14:33 | 09/01/2015 Finance - Banking

The tariff imposed on imported gasoline and petroleum has risen by 7-11% since January 7, according a Circular of the Ministry of Finance (MoF).
20-percent import tariffs on rice exports to Mexico

14:55 | 02/01/2015 Finance - Banking

(VEN) - The Vietnamese Trade Office in Mexico said that from January 9, 2015, Mexico will reapply import tariffs of 20 and 9 percent for rice and paddy exports to Mexico.
Vietnam Airlines receives US$160 million funding from Vietcombank

14:37 | 01/01/2015 Finance - Banking

(VEN) - The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and Vietnam Airlines signed a US$160 million credit contract on financing the latter’s advance payments for eight Boeing B787-9 aircraft and 10 Airbus A350-XWB aircraft on December 18.
Increased gasoline and oil import tax: Harmonizing interests of businesses, consumers and state

14:33 | 31/12/2014 Finance - Banking

(VEN) - In addition to falling crude oil prices which have negatively affected the national economy, particularly petroleum businesses, the Ministry of Finance has also announced several increases in petroleum import tax. Vietnam Economic News’ Nguyen Hai and Quynh Minh talked with Chairman of the Vietnam Petroleum Association Phan The Rue.
Free import tariffs for medical equipment components

14:54 | 30/12/2014 Finance - Banking

(VEN) - Provisions in terms of free import tariffs for medical equipment components are stated in a draft circular guiding the exemption of import tariffs on components serving for manufacturing and assembling medical equipment.
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.
Tax incentives in building high-tech parks

15:18 | 24/12/2014 Finance - Banking

(VEN) - The Ministry of Finance has given their opinions in a draft on approving the high-tech park development master plan based on Office Notice 17240/BTC-CST.
Standard Chartered helps Vietnam reduce liability pressure

10:20 | 23/12/2014 Finance - Banking

(VEN) - The Vietnamese government’s highly successful issuance of US$1 billion global bonds in November 2014 on which Standard Chartered Bank acted as a joint Bookrunner has helped the Government lessen liability pressure.
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.
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