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Vietnam Financial News

Gov’t to offer $1b in US dollar bonds

The issue is authorised by an earlier decision, Decision No 211/QD-TTg issued on February 13, on the issuance of foreign currency-denominated Government bonds on the domestic equity market. Under that decision, the Government appointed the Ministry of Finance, the Ministry of Planning and Investment and the State Bank of Viet

Bank warning on foreign exchange

In Official Letter No4941/NHNN-QLNH, the Governor asked CEOs at the institutions to strictly comply with regulations on foreign exchange transactions and on the trading of the US dollar and Vietnamese dong. The Governor said the institutions were not allowed to charge fees via such forms as service contracts, commission payment

Deposits trickle in despite better banking incentives

An Binh Commercial Joint Stock Bank (ABBank) has increased rates by 0.1 to 0.9 per cent. It offers 8—8.5 per cent for deposits of three to nine months, 8.7 per cent for 12-month deposits, and 9.5 per cent for 60 months. The Maritime Commercial Joint Stock Bank (Maritime Bank) and

Foreign competition drives bank overhaul

Experts said that the country’s domestic banks, numbering more than 40, lack large assets, modern banking technology, qualified workforce, and an international-standard management. Nguyen The Huong, general director of the Lien Viet Commercial Joint-Stock Bank, said the number of Vietnamese banks was high but their weaknesses inhibited them from becoming

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Popular Vietnam Business News

TINCOM company invest in coal production to export to Australia

Vietnam is still boosting coal exports while it is forecast to have to import coal beginning in 2013, and it has not yet reached any agreements for coal imports. TINCOM,

A Vietnamese man with 18 years sleeplessness

Dinh Sy Cang, 46, of Ha Tinh province, has not slept for 18 years, but his health is very good. Cang began having trouble sleeping when his wife, Nhung, gave

International fashion brands mark Vietnam

In late April 2010, Vincom trade centre, located at the corner of Dong Khoi and Le Thanh Ton streets in central HCM City, made its debut. The trade centre has

Gold prices down below VND28 million/tael

After rising continuously and hitting a record high of VND28 million/tael, the domestic price of gold began to slide back on May 18. SJC gold in Ho Chi Minh City

German businesses monitor Vietnams market

Asia has become a successful business story and more overseas investors want to invest in China and Vietnam, said Holger Benthien, Deputy Head of the German Business Association (GBA) in

Vietnams exports in May up 14.4 percent

During the period from January to May, Vietnam earned nearly $25.83 billion from exports, growing by 12.6 percent year-on-year and spent total $31.2 billion on imports.

HCM City tackles online game addiction

HCM City plans to develop "wholesome playing fields" for students to help treat them for online game addiction."There is one thing that has had a big influence on students personalities

Vietnam Banks hope to see profit increasing in last months of year

Lending remains the main source of income for banks, since bank services have not developed well enough. Meanwhile, bankers said income from lending has decreased, which explains why banks profit

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