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.
International Finance Corporation and its partners will offer US$185 million of assistance to Vietnam International Bank.
The Bank of Thailand (BoT) has allowed five financial institutions to fully operate their National E-Payment services from November 18.
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.
Taxation and customs general departments must simplify their administrative procedures and eliminate unnecessary licences to attract more overseas Vietnamese investors, experts said.
National Assembly (NA) deputies and voters highly evaluated answers of State Bank of Vietnam (SBV) Governor Le Minh Hung at the NA fourth session’s question and answer part on November 17.
VOV.VN -Lawmakers on November 17 continued their Q&A session with Governor of the State Bank of Vietnam (SBV) Le Minh Hung on issues relating to taxes, public debt, and monetary policy management.
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.
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 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.
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.
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.
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.
Vietnam seeks to enhance food safety management with support of the Netherlands and the World Bank (WB), announced the Ministry of Agriculture and Rural Development (MARD) on November 10.
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.
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.
Profits of many commercial banks this year will hit the highest levels since 2012 thanks to rising capital demand, experts have forecast.
Vietnam climbed 81 places to rank 86th among 190 economies on the ease of paying taxes in the Doing Business 2018 (DB2018) report recently released by the World Bank (WB).
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.
The upcoming official visit to Vietnam made by Canadian Prime Minister Justin Trudeau from November 8-9 will help open up more cooperation opportunities for both countries, said former Canadian Ambassador to Vietnam David Devine.