Japanese banks finance Vietnamese power plant
10:35 | 03/04/2015 Finance - Banking
Eleven Japanese banks, including Mitsui Sumitomo Banking Corp and Japan Bank for International Cooperation (JBIC), will provide a 81 billion JPY (680 million USD) loan for the Electricity of Vietnam (EVN) to build a thermal power plant.
M&A activity tipped for another strong year
16:36 | 01/04/2015 Finance - Banking
In an interview late last year with a Wall Street Journal reporter, the State Bank of Vietnam’s Deputy Governor Nguyen Thi Hong said it was encouraging weak banks to voluntarily restructure themselves in 2015 through mergers and acquisitions.
Phu Quoc Airport allowed to apply VAT refund policy
14:27 | 23/03/2015 Finance - Banking
(VEN) - On behalf of the government, Deputy Prime Minister Vu Van Ninh agreed to add the Phu Quoc International Airport to the list of airports allowed to apply the policy of refunding the value added tax (VAT) imposed on goods which foreigners and overseas Vietnamese buy in Vietnam and carry with them when leaving the country.