Tag: "bank"

Reference exchange rate up by VND4

Reference exchange rate up by VND4

The State Bank of Vietnam set its reference VND/USD exchange rate at VND22,450/USD on September 22, up by VND4 from September 21.

Tax on income from bank savings proposed

Tax on income from bank savings proposed

The latest proposal to tax an individual’s income from the interest accrued from the savings deposited in banks has become a bone of contention between the parties concerned.

SBV to rate local credit institutions

SBV to rate local credit institutions

The State Bank of Vietnam (SBV) is planning to rank credit institutions; however, it said the ranking results will not be publicised due to the delicacy of the issue.

Vietnamese firms spend less on R&D

Vietnamese firms spend less on R&D

Innovation was critical for the growth of factory productivity, but Vietnamese firms spent less on research and development (R&D) than in most other Southeast Asian countries.

SBV demands strict compliance with credit rate regulations

SBV demands strict compliance with credit rate regulations

The latest instructions from Le Minh Hung, Governor of the State Bank of Vietnam (SBV), require credit institutions and commercial banks in Vietnam to strictly comply with the SBV’s regulations on mobilising capital in foreign currencies and not offer interest rates exceeding the ceiling levels.

World Bank and Vietnam to pilot solar power auctions

World Bank and Vietnam to pilot solar power auctions

In preparation for the coming open energy market in Vietnam, the World Bank and the Ministry of Industry and Trade (MoIT) will implement the pilot programme to auction solar power with the floor price of 9.35 US cent per kWh.

Vietnamese banks no longer burn for foreign capital

Vietnamese banks no longer burn for foreign capital

After separating from HSBC, Techcombank plans to spare no room for foreign investors, and VP Bank, which has been prospering in the last four years, is no longer eager to seek foreign partners.

SBV demands strict compliance with credit rate regulations

SBV demands strict compliance with credit rate regulations

The latest instructions from Le Minh Hung, Governor of the State Bank of Vietnam (SBV), require credit institutions in Vietnam to strictly comply with the SBV’s regulations on mobilising capital in foreign currencies and not offer interest rates exceeding the ceiling levels.

Helping ethnic people start business

Helping ethnic people start business

VOV.VN - The Government’s Committee on Ethnic Minority Affairs has launched an action plan to support startups by ethnic minority people by attracting investment and promote efficient production.

Former deputy governor of State Bank prosecuted

Former deputy governor of State Bank prosecuted

Former Deputy Governor of the State Bank of Vietnam (SBV) Dang Thanh Binh has been prosecuted in relation to an economic crime worth US$666 million at the Vietnam Construction Joint Stock Commercial Bank (VNCB).