Experts propose flexible forex policy
15:13 | 27/04/2015 Finance - Banking
Economic experts have suggested the State Bank of Vietnam (SBV) adopt a flexible foreign exchange policy and adjust it based on supply and demand, instead of forcing the Vietnam dong-US dollar exchange rate to move within 2% a year.
Tra fish exporters to pay assessment fees
16:38 | 21/04/2015 Finance - Banking
(VEN) - The Ministry of Finance recently issued Circular 46/2015/TT-BTC stipulating the collection, management and use of tra fish assessment fees. The circular requires organizations and individuals which export tra fish to pay these fees (VND100,000 per export contract per assessment - this already includes the value added tax).
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.