Ensuring sufficient capital for the economy

16:24 | 28/10/2014 Finance - Banking

(VEN) - State Bank of Vietnam (SBV) Deputy Governor Nguyen Thi Hong affirmed that the banking sector could meet the demand for credit from businesses with feasible projects, effective business plans and the ability to repay debts. Along with creating specific credit packages for each sector, banks and credit institutions have promoted their links with businesses.
Standard Chartered committed to developing a sustainable business

16:37 | 27/10/2014 Finance - Banking

(VEN) - Standard Chartered is fully committed to participating and investing in the growth of Vietnam, where the bank has been present since 1904 and which it values as an emerging economy of great potential.
Banks racing to develop retail services

11:02 | 21/10/2014 Finance - Banking

(VEN) - Commercial banks are interested in the development of retail banking services. The services are expected to develop strongly in the coming time as this market segment remains largely untapped.
Positive signal for credit growth

16:21 | 20/10/2014 Finance - Banking

(VEN) - According to financiers, a decline in lending interest rates would stimulate credit growth in the remaining months of this year.
Cooling exchange rate volatility

14:10 | 17/10/2014 Finance - Banking

(VEN) - In the first three days of October, the exchange rate between the Vietnamese dong and US dollar increased VND30-50 per US dollar compared to the previous months due to exchange rate adjustment rumors. However, official confirmation that there would be no changes by the State Bank of Vietnam quashed volatility.
The first domestic ETF listed and traded

10:07 | 16/10/2014 Finance - Banking

(VEN) - On October 6, 2014, the first Exchange Traded Fund (ETF), E1VFMVN30, was officially listed and traded at the Ho Chi Minh City Stock Exchange (HOSE), contributing to restructuring and diversifying products in the securities market to attract investment.
Adding regulations on foreign contractors’ tax collection

16:08 | 15/10/2014 Finance - Banking

(VEN) - The Ministry of Finance issued Circular 103/2014/TT-BTC on supplementing regulations on foreign contractors’ tax collection operating in Vietnam. A number of amended and supplemented articles took effect on October 1, 2014 in order to create favorable conditions for foreign investors doing business in Vietnam.
Adding regulations on tax payment deadline

15:14 | 14/10/2014 Finance - Banking

(VEN) - On October 1, the government issued Decree 91/2014/ND-CP on amending and supplementing a number of articles in tax decrees, including adding regulations on tax payment deadline stipulated in Decree 83/2013/ND-CP dated July 22, 2013.
Lending interest rates continue decreasing

16:09 | 13/10/2014 Finance - Banking

(VEN) - Credit has recorded steady growth in recent months while liquidity among credit organizations has remained plentiful. These favorable factors will significantly contribute to help credit growth complete a target of 12-14 percent this year.
Supplemental regulations on tax payment issued

15:23 | 09/10/2014 Finance - Banking

(VEN) - On October 1, the government promulgated Decree 91/2014/ND-CP amending and supplementing some articles of Decree 83/2013/ND-CP dated July 22, 2013 which consisted of detailed stipulations on the implementation of some articles of the Tax Management Law and the Law which amended and supplemented some contents of the Tax Management Law.
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