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.
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.
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.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has been named the best bank in Vietnam in 2017 by Alpha Southeast Asia (Alpha SEA) magazine.
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.
The health of children in Vietnam has recorded considerable improvements in recent years.
Experiencing large-scale urbanization and with a positive economic outlook, the demand for infrastructure in Vietnam has intensified.
Easing the lending interest rate further by 0.5% and obtaining a high credit growth rate of 21-22% as instructed by the PM will not be an easy task.
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.
The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has been once again named the “Leading Partner Bank in Vietnam” by the Asian Development Bank (ADB).
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.
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.
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.
VOV.VN - The World Bank Group in Vietnam on Thursday, September 14, announced a Country Partnership Framework (CPF) with Vietnam until 2022 at a ceremony in Hanoi.
The People’s Procuracy of Hanoi on September 14 proposed the capital sentence for Nguyen Xuan Son, former Director General of Ocean Bank, and life in prison for Ha Van Tham, former Chairman of the Board of Directors of the bank, for their wrongdoings.
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.
A financial forum was organised in Ho Chi Minh City on September 11 to seek to enhance access to supply chain finance for micro, small and medium sized enterprises (MSMEs).
Vietnam’s strong growth is likely to persist thanks to its young, ambitious, and business savvy population, said an article published by Singapore-based Channel News Asia.
A criminal investigation launched Friday (September 8) into a former deputy governor of the State Bank of Vietnam will leave no impact on the country’s monetary policy, the central bank said later the same day.
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).