foreign banks see opportunities in vietnam Foreign banks see opportunities in Vietnam

15:35 | 15/04/2015 Finance - Banking

(VEN) - Foreign banks have increased their presence in Vietnam in recent years, underlining the fact that the Vietnamese financial market remains attractive in the eyes of foreign investors.
world bank cuts east asia growth forecast World Bank cuts East Asia growth forecast

08:22 | 14/04/2015 Finance - Banking

The World Bank cut its 2015 growth forecasts for developing East Asia and China, and warned of "significant" risks from global uncertainties including the potential impact from a strengthening dollar and higher US interest rates.
foreign eye banks real estate Foreign eye banks, real estate

17:51 | 13/04/2015 Finance - Banking

The increasing signs of an economic recovery have bolstered investor confidence and laid the foundation for more foreign investors to dip their toes in Vietnam’s stock market in the coming time, experts claim.
deposit growth rate slows as credit continues to rise Deposit growth rate slows as credit continues to rise

10:06 | 13/04/2015 Finance - Banking

The deposit growth rate is currently slower than that of credit growth; however, savings in banks are still considered a good choice due to low inflation.
lienvietpostbank allowed to establish additional rep offices transaction offices and branches LienVietPostBank allowed to establish additional rep. offices, transaction offices and branches

17:29 | 09/04/2015 Finance - Banking

The State Bank of Vietnam (SBV) issued Documents on April 8 to permit the Lien Viet Post Joint – Stock Commercial Bank (LienVietPostBank) to establish additional representative (rep.) offices, transaction offices and branches.
finance ministry to inspect foreign shipping firms adjust fee collection Finance Ministry to inspect foreign shipping firms, adjust fee collection

11:14 | 08/04/2015 Finance - Banking

The Finance Ministry will inspect 20 foreign shipping companies located in big ports, including HCM City, Hai Phong and Hanoi this month, Deputy Minister of Finance Vu Thi Mai said.
gold export taxes increase Gold export taxes increase

19:00 | 06/04/2015 Finance - Banking

(VEN) - The Ministry of Finance recently issued Circular 36/2015/TT-BTC raising the export tax rate applied to golden jewelries, industrial products and other products made of gold in groups 71.13, 71.14, 71.15 of the export tariff from zero percent to two percent. These include golden jewelries and parts of golden jewelries, industrial products and parts of industrial products, and other products, with 95 percent or higher content of gold.
BIDV authorized to relend WB loans for power project

14:48 | 04/04/2015 Finance - Banking

(VEN) - The Ministry of Finance has authorized the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) to relend loans totaling US$500 million provided by the World Bank (WB) for the Transmission Efficiency Project (TEP) to be implemented from 2015 until 2020. This project is designed to increase the capacity, efficiency and reliability of the electricity transmission network in major economic areas such as expanded Hanoi, expanded Ho Chi Minh City, the Mekong Delta, and the central region.
SOEs withdraw capital from joint stock credit institutions

14:40 | 04/04/2015 Finance - Banking

(VEN) - On March 25, the State Bank of Vietnam (SBV) released document 1821/NHNN-TTGSNH regarding the withdrawal of capital of state-owned enterprises (SOEs) from joint stock credit institutions. Under the document, if the transferee becomes a large shareholder directly or indirectly owning five percent or a higher percentage of the voting stocks of the credit institution, or if the transferee is already a large shareholder of the credit institution, the transference of stocks must be implemented in accordance with stipulations in the Law on Credit Institutions and Circular 06/2010/TT-NHNN dated February 26, 2010 of the SBV, which provides guidelines for commercial bank chartered capital management and transfer of their stocks.
japanese banks finance vietnamese power plant 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.
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