ADB lends $165 million to improve education, infrastructure in disadvantaged regions

09:17 | 26/01/2015 Finance - Banking

The Vietnamese Government and the Asian Development Bank (ADB) on January 23 signed an agreement on $165 million loans for an educational project for ethnic minorities in the poorest regions and investment in rural infrastructure for six selected provinces in the central region.
Bank shares, low petrol prices buoy markets

14:07 | 23/01/2015 Finance - Banking

Stocks maintained rises in the afternoon of January 22, sustained by bank shares, as prices fell to an attractive level after a four-day slump.
Tax agency pledges to cut payment time to 171 hours

08:48 | 23/01/2015 Finance - Banking

The General Department of Taxation will cut the tax payment time in Vietnam to the ASEAN average of 171 hours by the end of this year as ordered by the Government.
M&A deals continue to thrive

10:38 | 21/01/2015 Finance - Banking

(VEN) - The market continued to witness valuable mergers and acquisitions (M&A) deals in various fields in 2014, especially at the end of the year.
Insurance market maintains growth

14:28 | 19/01/2015 Finance - Banking

(VEN) - Although a number of insurance services did not achieve the growth target, 2014 was seen as a quite successful year for the insurance sector as total premiums increased by 14.2 percent compared to 2013. The Ministry of Finance will drastically implement the restructuring to achieve higher growth this year.
Banking sector's assets climb

14:57 | 12/01/2015 Finance - Banking

Latest data from the State Bank of Vietnam revealed that the total assets of the country's credit institutions was up 1.67 percent in November-end from the previous month.
Higher tariff on imported gasoline, petroleum

14:33 | 09/01/2015 Finance - Banking

The tariff imposed on imported gasoline and petroleum has risen by 7-11% since January 7, according a Circular of the Ministry of Finance (MoF).
20-percent import tariffs on rice exports to Mexico

14:55 | 02/01/2015 Finance - Banking

(VEN) - The Vietnamese Trade Office in Mexico said that from January 9, 2015, Mexico will reapply import tariffs of 20 and 9 percent for rice and paddy exports to Mexico.
Vietnam Airlines receives US$160 million funding from Vietcombank

14:37 | 01/01/2015 Finance - Banking

(VEN) - The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and Vietnam Airlines signed a US$160 million credit contract on financing the latter’s advance payments for eight Boeing B787-9 aircraft and 10 Airbus A350-XWB aircraft on December 18.
Increased gasoline and oil import tax: Harmonizing interests of businesses, consumers and state

14:33 | 31/12/2014 Finance - Banking

(VEN) - In addition to falling crude oil prices which have negatively affected the national economy, particularly petroleum businesses, the Ministry of Finance has also announced several increases in petroleum import tax. Vietnam Economic News’ Nguyen Hai and Quynh Minh talked with Chairman of the Vietnam Petroleum Association Phan The Rue.
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