maritime bank, Vietnam Business News
According to the State Bank of Vietnam (SBV), lending interest rates have dropped to 12-13.5 percent per annum for short-term loans and 13-14.5 percent for medium and long-term loans. Firms complain, however, that attractive interest rates are applied only to agricultural areas, or for export companies and loyal clients. In
Such savings funds, which are not allowed to give loans, are seen as the fastest way for banks to widen their networks. Such affiliates still are allowed to mobilize funds, issue and discount valuable papers issued by the bank, and offer money remittance and transfer services.
A branch director of a Hanoi-based bank commented that banks now barred from opening more full service branches are opening savings banks that they hope to upgrade into branches when there are favourable conditions.
. 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