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Draft simplifies SOE stake bidding for foreigners

Draft simplifies SOE stake bidding for foreigners

The State Bank of Vietnam has drafted a regulation which would create favourable conditions for foreign investors to join in the process of State-owned enterprises’ (SOEs) privatisation and capital divestment.

Vietnam remains reliant on machinery, equipment from China

Vietnam remains reliant on machinery, equipment from China

Vietnam relies heavily on imported machinery and equipment from China, and experts are worried the country might become a landfill of outdated technologies, urging measures to tighten the import of second-hand machinery and equipment.

Vietnam’s flexible economic policy pays off

Vietnam’s flexible economic policy pays off

VOV.VN - Socio-economic results over the past 9 months have provided momentum for Vietnam to achieve targets for this year and next year. The government’s flexible economic policy is on the right track.

Foreign investors eye Vietnam’s e-wallet market

Foreign investors eye Vietnam’s e-wallet market

Foreign investors have poured into Vietnam’s e-wallet sector as they see huge growth potential in the market in the wake of the Government’s plan to reduce cash payments to below 10% of the total payment transaction by 2020.

Few bank stock options for foreigners

Few bank stock options for foreigners

Although Vietnamese bank stocks appear to have a bright future, foreign investors may find it difficult to join the parade due to a lack of progress on foreign ownership and corporate governance.

Banks post impressive profit growth in H1 2018

Banks post impressive profit growth in H1 2018

Many banks have reported impressive profit growth in the first half of 2018, compared to the same period last year, thanks to the high credit growth and the improvement from the retail banking segment.

SBV to tighten rules for commercial banks

SBV to tighten rules for commercial banks

The State Bank of Vietnam (SBV) has decided to push ahead with restructuring the banking system, applying stricter measures to effectively prevent cross-ownership at commercial banks.

New regulation reduces cross-ownership in banks

New regulation reduces cross-ownership in banks

Cross-ownership in banks has decreased sharply after the banks recently changed their top leaders at the 2018 annual general meetings of shareholders (AGMs) to meet the central bank’s new regulation.

Vietnamese banks entice foreign investors

Vietnamese banks entice foreign investors

VOV.VN - The recent emergence of foreign banks with capital flows pouring into Vietnamese banks has proved the attractive prospects of Vietnam’s banking system.

New CIT law aims to halt tax evasion

New CIT law aims to halt tax evasion

In the latest draft of Law on Corporate Income Tax (CIT), the Ministry of Finance has raised a regulation aimed at preventing multinational companies with related-party transactions from evading taxes.

Commercial banks report high profits in 2017

Commercial banks report high profits in 2017

Vietnam’s commercial banks reported solid results for 2017 with the total after-tax profit estimated to grow 44.5% from the previous year, according to an independent report of the National Financial Supervisory Commission.

Government urged to boost foreign home-buying

Government urged to boost foreign home-buying

The Ho Chi Minh City People’s Committee has asked relevant departments to tackle problems in granting house ownership certificates to overseas Vietnamese to encourage their investment into the real estate market.

VND expected to see end-of-year dip

VND expected to see end-of-year dip

The Vietnam dong is expected to depreciate by two percentage points at the end of 2017, ending a period of stability that lasted throughout the year.

US property purchases on shaky legal grounds

US property purchases on shaky legal grounds

According to experts, the estimated US$3 billion spent by Vietnamese people to purchase US residential property could have been transferred largely through illegitimate ways.