Ministry proposes lowering CIT for SMEs
16:28 | 05/04/2019 Finance - Banking
The Ministry of Finance has proposed cutting corporate income tax (CIT) rates on small and micro businesses from the current 20 percent to 15-17 percent.
Upgrade of Vietnamese stock market expected this year
10:07 | 04/04/2019 Finance - Banking
(VEN) - The Vietnamese stock market recorded stable growth in both scale and liquidity in 2018. By the end of January 2019, 32 enterprises with market capitalization of US$1 billion upwards were listed on the two stock exchanges, compared with just one company five years ago.
Vietnamese, RoK firms cooperate in guarantee insurance development
10:36 | 03/04/2019 Finance - Banking
BIDV Insurance Corporation (BIC) will cooperate with Seoul Guarantee Insurance (SGI) of the Republic of Korea (RoK) in developing guarantee insurance products in Vietnam under a memorandum of understanding recently signed by the two sides in Hanoi.
VinaCapital rolls out VinaCapital Insights Balanced Fund
14:47 | 02/04/2019 Finance - Banking
VinaCapital Fund Management Joint Stock Company (VCFM), one of the most experienced asset management companies in Vietnam, on March 20 announced the establishment of its fourth open-ended fund - the VinaCapital Insights Balanced Fund (VIBF).
CMSC should develop capital, not trade it: Deputy PM
14:05 | 01/04/2019 Finance - Banking
The function of the Committee for the Management of State Capital at Enterprises (CMSC) is not trading State capital but to organize and develop State capital, said Deputy Prime Minister Vuong Dinh Hue at a working session with the CMSC in Hanoi on March 26.
State Bank of Vietnam promotes credit programs for rural areas
09:48 | 29/03/2019 Finance - Banking
The State Bank of Vietnam (SBV) will launch more effective credit programs to support agricultural production and improve local livelihoods, making contributions to boosting economic growth while wiping out black credit in rural areas.
Bank-business connection program to be expanded in 2019
15:19 | 27/03/2019 Finance - Banking
(VEN) - The capital raised through the bank-business connection program has experienced high growth and contributed to the sustainable development of many enterprises. The program was launched in Ho Chi Minh City in 2012 to provide loans at preferential rates to designated firms and individuals.
Government leader hosts Visa CEO
14:11 | 26/03/2019 Finance - Banking
Prime Minister Nguyen Xuan Phuc hosted a reception in Hanoi on March 25 for Alfred Kelly, CEO of Visa – the global payment technology company that looks to enable consumers, businesses, banks, and governments in using digital currency.
HCM City backs Thailand’s KBank to open first branch in Vietnam
15:56 | 25/03/2019 Finance - Banking
Ho Chi Minh City will create favorable conditions for Thai-based Kasikorn Bank (KB Bank) to open its branch in the city, the first of its kind in Vietnam, helping diversify local credit and banking activities, Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen has said.
Central bank asks help in fighting black credit
14:44 | 22/03/2019 Finance - Banking
Governor of the State Bank of Viet Nam Le Minh Hung issued a document early this week to ask co-operation from local authorities in expanding credit, part of efforts to prevent loan sharking.
