AFD finances EUR113 million for Vietnam
17:08 | 26/05/2014 Finance - Banking
(VEN) - Deputy Minister of Planning and Investment Nguyen Van Trung and French Development Agency (AFD) Vietnam Director RÐmi Genevey signed a Memorandum of Understanding on grant agreement on May 22 in Hanoi.
Measures to promote credit growth
17:00 | 21/05/2014 Finance - Banking
(VEN) - State Bank of Vietnam (SBV) and commercial banks have taken active measures to increase credit for the economy. Low-cost capital resources have continued to be provided with the hope to boost credit growth in the second quarter of 2014.
Clearing queries about tax, custom policies
16:20 | 20/05/2014 Finance - Banking
(VEN) - Recommendations to impose Corporate Income Tax rate at 20 percent, abrogate the ceiling level to constrain advertisement and marketing costs or at least increase this ceiling level to 15-20 percent of the revenue instead of the costs and take different measures to lower the Value- Added Tax to spur the market.
Promoting credit growth
15:58 | 18/05/2014 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.
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.
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.