Preferential credit for farmer-business connectivity models
14:07 | 03/06/2014 Finance - Banking
(VEN) - The State Bank of Vietnam, the Ministry of Agriculture and Rural Development and the Ministry of Science and Technology are considering cooperation on a pilot program for financing a connectivity model between businesses and farmers in order to multiply the model and promote high technology application in agricultural production and farm produce exports.
Non-cash payments are booming
16:21 | 28/05/2014 Finance - Banking
(VEN) - The latest statistics announced by the State Bank of Vietnam (SBV) at the Vietnam Banking Conference and Expo (Banking Vietnam 2014) showed that by the end of March 2014, Vietnam had more than 15,500 automated teller machines (ATMs), over 137,700 points of sale/electronic draft capture (POS/EDC), and 68.5 million cards had been issued. The non-cash payment market in Vietnam is booming.
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.