adb forecasts vietnams gdp to grow 61 in 2015 ADB forecasts Vietnam’s GDP to grow 6.1% in 2015

09:04 | 25/03/2015 Finance - Banking

Vietnam’s Gross Domestic Product (GDP) growth is likely to edge up to 6.1% in 2015 and 6.2% in 2016, according to the Asian Development Outlook (ADO) 2015 released by the Asian Development Bank (ADB).
strengthening usd stirs concerns over depreciation of vnd Strengthening USD stirs concerns over depreciation of VND

11:26 | 24/03/2015 Finance - Banking

The recent sharp increase in foreign exchange following the appreciation of the greenback on the world market has sparked public concerns over further depreciation of the Vietnamese dong.
WB helps Vietnam improve environmental hygiene

15:26 | 23/03/2015 Finance - Banking

(VEN) - The State Bank of Vietnam and the World Bank (WB) recently signed preferential loan and credit agreements with total value of US$450 million aiming to help Vietnam improve environmental hygiene in Ho Chi Minh City.
Phu Quoc Airport allowed to apply VAT refund policy

14:27 | 23/03/2015 Finance - Banking

(VEN) - On behalf of the government, Deputy Prime Minister Vu Van Ninh agreed to add the Phu Quoc International Airport to the list of airports allowed to apply the policy of refunding the value added tax (VAT) imposed on goods which foreigners and overseas Vietnamese buy in Vietnam and carry with them when leaving the country.
increasing preferential loan disbursement Increasing preferential loan disbursement

16:38 | 18/03/2015 Finance - Banking

(VEN) - Creating links between banks and enterprises is one of the major programs being initiated by the banking system in 2015, particularly in Ho Chi Minh City. The plan is aimed at resolving difficulties for business seeking loans, as well as streamlining activities between banks and businesses, and ensuring sufficient capital for production and trade. Generally, this program is meant to enhance firms’ competitiveness, reduce production costs, and promote production and trade.
lao cai a highlight in tax reform Lao Cai, a highlight in tax reform

15:30 | 17/03/2015 Finance - Banking

(VEN) - The Lao Cai Province Department of Taxation has recently publicized new regulations regarding its tax administrative procedures. Once these tax policies come into effect, they are expected to boost production and business activities, encouraging greater exports and investment.
boosting state budget collection Boosting state budget collection

17:01 | 16/03/2015 Finance - Banking

(VEN) - To effectively use the nation’s financial resources, restructure the state budget and ensure major socioeconomic policies, the Ministry of Finance’s State Budget Department has announced specific budget estimates which exceed the 2015 goals set by the National Assembly.
bank property shares back vn index Bank, property shares back VN-Index

16:02 | 13/03/2015 Finance - Banking

The benchmark VN-Index made a rebound on March 12 on the Hochiminh Stock Exchange, led by bank and property stock gains.
markets fall on foreign sell offs Markets fall on foreign sell-offs

14:03 | 12/03/2015 Finance - Banking

Foreign investors on March 11 remained the markets' top sellers for the fourth session in a row as they increased their net selling value by 166.17 percent over the previous day’s session to 83.8 billion VND (4 million USD), hurting both southern and northern bourses' performance.
hcm city banks offer soft loans to meet lending target HCM City banks offer soft loans to meet lending target

10:17 | 12/03/2015 Finance - Banking

Banks in HCM City are vying with one another to offer preferential loans in an effort to achieve the year's credit growth target of 13-15%.
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