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.
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.
Banks cut rates on the back of low CPI
09:50 | 10/03/2015 Finance - Banking
Deposit interest rates are set to fall across the board for the local banking sector, including a prediction that there should be a cut in a open-market operations interest rates to at least 4.5 % a year by the end of 2015.
WB helps Vietnam reduce poverty
15:53 | 09/03/2015 Finance - Banking
(VEN) - The World Bank (WB) recently approved US$100 million in additional financing for an ongoing project to help Vietnam improve the living standards of residents in the poorest areas of the country.
Customs reform to meet ASEAN-6 requirements
10:26 | 07/03/2015 Finance - Banking
(VEN) - The General Department of Vietnam Customs (GDVC) is focusing on streamlining customs procedures in accordance with Government Decision 19/2014/NQ-CP on shortening the time needed for clearance of imports and exports as applied in the ASEAN-6, which includes Indonesia, Malaysia, the Philippines, Brunei Darussalam, Singapore and Thailand.