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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
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
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
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
. The 16th meeting of the Da Lat City’s People’s Council on June 30, 2009 approved the plan to enlarge Da Lat City by 57,000 hectares in the next decade.
Viet Nam harvested almost 1 million tonnes of coffee in 2009-10. Traditionally, coffee exports soar in the first and fourth quarters of the year. However, last year, domestic consumption slowed
The property market in southern Binh Duong Province has the potential to develop strongly and even match the major cities of Ha Noi and HCM City in the rental segment,
A business cooperation contract on a gas pipeline project for Block B- O Mon was signed in Hanoi on March 11 by the PetroVietnamGas Corporation (PVGas), Chevron, MOECO (Japan) and
Natural rubber latex prices have been increasing steadily since the beginning of 2010. Yet even though the potential for profits is expanding, Vietnamese businesses have no rubber to sell.
An international consumer conference on the import and export of cashew nuts was held in Binh Phuoc province on March 22 in an effort to establish a global cashew nut
The Viet Nam Gas Association has recommended the Ministry of Finance cut the import tax on liquefied petroleum gas (LPG) from the current 5 per cent to 2 per cent
The five ports are: Cai Lan in Quang Ninh province, Hai Phong Port in Hai Phong city, Da Nang Port, HCM City Port and Ba Ria-Vung Tau Port. Customs declarations