Public debts to be more effectively monitored
10:25 | 30/10/2014 Finance - Banking
(VEN) - Compared to the end of 2013, the publicized public debt amount has increased significantly, nearly hitting the threshold. Effective public debt control and public investment restructuring are immediate solutions to limit the rise in public debt according to economic experts.
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.
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.