Foreign exchange reserves reach record high

08:14 | 17/05/2014 Finance - Banking

(VEN) - Thanks to flexible monetary policies from the State Bank of Vietnam (SBV), the market has remained stable and foreign exchange reserves have continuously increased in the recent times. Foreign exchange reserves have reached US$35 billion according to the SBV governor, the highest rate so far.
Tax withholding registration for large investment plans

15:19 | 16/05/2014 Finance - Banking

(VEN) - Businesses with an investment plan of one billion or more can register to apply the tax withholding method, according to the Ministry of Finance’s Document 5485/BTC-TCT dated April 26, 2014.
Tax authorities not to receive export invoices issuance notices from June 1, 2014

15:17 | 15/05/2014 Finance - Banking

(VEN) - Replying to a number of taxation departments’ official letters about the use of export invoices, on April 25, 2014, the General Department of Taxation issued Official Letter No 1412/TCT-CS providing the following specific guidelines:
Guidelines for extending land use charge payment

15:16 | 14/05/2014 Finance - Banking

(VEN) - The Ministry of Finance issued Circular 48/2014/TT-BTC providing guidelines for extending the deadline of payments for land use charges and money to buy state-owned houses in accordance with Government Resolution 01/NQ-CP dated January 2, 2014.
Promoting credit growth

16:04 | 13/05/2014 Finance - Banking

(VEN) - According to the State Bank of Vietnam, as of April 22, 2014, credit provided for the economy increased only 0.62 percent over late 2013 even though interest rates continued to fall and credit was concentrated on prioritized sectors according to the government’s policy.
A reputable award in the Asian banking industry

11:26 | 09/05/2014 Finance - Banking

(VEN) - The Asset Triple A Transaction Banking - Treasury, Trade & Risk Management Awards ceremony is an important annual event attracting attention of the Asian financial and banking industry. The Asset Triple A Treasury, Trade & Risk Management Awards identify those Asian banking institutions and corporations who have implemented the most effective and innovative treasury, cash management, capital & trade finance and risk management solutions, as well as recognizing those individuals, CFOs and treasurers who are creating the industry’s best practices in Asia.
VND50 trillion credit package for real estate market

14:04 | 08/05/2014 Finance - Banking

VND50 trillion credit package for real estate market (VEN) - Together with a link between investors, contractors, suppliers of building materials and banks, the VND50 trillion credit package for the construction sector will create an engine for the real estate market recoverby.
Ministry claims fizzy drink tax does not violate WTO commitments

16:15 | 06/05/2014 Finance - Banking

(VEN) - The Ministry of Finance’s Tax Policy Department Director Ngo Huu Loi said that the Ministry of Finance proposed to impose the excise tax on carbonated, non-alcoholic soft drinks. He also said that the excise tax on this item does not violate Vietnam’s commitments to the World Trade Organization (WTO).
Proposal to expand the scope of VAT refund for foreigners

16:41 | 29/04/2014 Finance - Banking

(VEN) - The Ministry of Finance is drafting a circular guiding the implementation of value added tax (VAT) refunds on goods purchased by foreigners on their exit from Vietnam. The Ministry of Finance will expand the scope of application of the VAT tax refund for foreigners at international ports and airports.
Prudential Vietnam and Standard Chartered Vietnam sign 15-year exclusive bancassurance partnership agreement

15:10 | 29/04/2014 Finance - Banking

(VEN) - 25 April 2014, Prudential Assurance Vietnam Private Limited and Standard Chartered Bank (Vietnam) Limited have entered into a new agreement to establish a 15-year strategic partnership to grow their bancassurance business together.
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