Tag: "bank"

Working on new ways to lure FDI

Working on new ways to lure FDI

As local salaries rise and global trends shift, Vietnam is drafting a new foreign direct investment attraction strategy for the upcoming years, with a focus on some prioritised sectors to bring added value to the economy.

HCM City steps up cooperation with IFC

HCM City steps up cooperation with IFC

Ho Chi Minh City is committed to creating favourable conditions for the International Finance Corporation (IFC) to carry out joint projects based on current laws, stated Le Thanh Liem, Vice Chairman of the municipal People’s Committee.

Experts: Tax, customs reform needed

Experts: Tax, customs reform needed

Taxation and customs general departments must simplify their administrative procedures and eliminate unnecessary licences to attract more overseas Vietnamese investors, experts said.

SBV leader believes in healthier banking activities in coming time

SBV leader believes in healthier banking activities in coming time

Governor of the State Bank of Vietnam (SBV) Le Minh Hung on November 17 continued taking part in lawmakers’ question-and-answer session, making clear issues relating to the baking system’s issues, including credit growth, debt rescheduling for storm victims, and credit institution restructuring.

New regulations on use of credit cards

New regulations on use of credit cards

Credit cardholders will not be allowed to withdraw cash worth more than VND5 million for domestic transactions and no more than VND30 million for foreign currency.

Exporters worry as end of foreign loans nears

Exporters worry as end of foreign loans nears

Exporters will no longer be allowed to borrow bank loans in foreign currencies beginning next year, if the State Bank of Vietnam (SBV) does not extend a circular regulating the loans.

Domestic commercial banks accelerate foreign talks

Domestic commercial banks accelerate foreign talks

Aiming to reach the target to complete the selection the strategic investors before listing shares on the stock exchange, domestic banks are accelerating negotiations with foreign investors as well as propose the authorities to increase the foreign ownership limit to lure in foreign investors.

Nikkei Asian Review Hanoi Forum kicks off

Nikkei Asian Review Hanoi Forum kicks off

The Nikkei Asian Review Hanoi Forum, taking place in Hanoi today, aims to commemorate and recognise Vietnam and Japan’s strategic investment partnership as the former constantly enhances its global status as a leading economy in the ASEAN region.

Agricultural Bank of China now in Hanoi

Agricultural Bank of China now in Hanoi

The State Bank of Vietnam (SBV) agreed in principle to allow the Agricultural Bank of China to open a branch in Hanoi, Governor Le Minh Hung said.

APEC 2017: New jobs needed in automated world

APEC 2017: New jobs needed in automated world

The APEC economies should create conditions for people who lose jobs due to automated manufacturing to move to other areas where they will work at their homes or on e-commerce platforms, said Victoria Kwakwa, Vice President of the World Bank.

Government leader hosts Asia-Pacific investors

Government leader hosts Asia-Pacific investors

Prime Minister Nguyen Xuan Phuc held a meeting in Hanoi on November 8 with investors in the Asia-Pacific region, including those from Japan, the US, New Zealand, Hong Kong (China), Singapore and Thailand.

Vietnam highly values WB support: Prime Minister

Vietnam highly values WB support: Prime Minister

Prime Minister Nguyen Xuan Phuc had a meeting with World Bank (WB) Vice President for East Asia and Pacific Victoria Kwakwa on November 7 on the sidelines of the ongoing APEC Economic Leaders’ Week in the central city of Da Nang.