A workshop on applying information technology and improving its efficiency in businesses was held in the central city of Danang on August 31, attracting representatives from more than 150 enterprises in the central region and the Central Highlands. According to the Vietnam Chamber of Commerce and Industry, about 95 percent of the small and medium-sized [...]
Vietnam will need about 1,500 to 2,000 pilots by 2020, according to the aviation industry’s development strategy by 2020, prompting an urgent need for training this human resource. In the context of economic difficulties of the economy and the pressure of the aviation sector’s growth, reducing expenses through training and recruiting Vietnamese pilots has been [...]
The State Bank of Vietnam (SBV) has announced the interbank average forex rate today Wednesday August 31 at 20,628 dong/US dollar, remaining unchanged from yesterday. Thus, the forex rate has been kept stable for eight consecutive days. Accordingly, the ceiling forex rate of commercial banks will be 20,834 dong/US dollar. The US dollar price at [...]
Today morning August 31, the local gold price jumped to over 47.3 million dong per tael and the global gold price also bounced over $40 per tael from the closing price yesterday. At 8:30 am local time, the domestic gold price increased one million dong/tael from late yesterday whereby the selling price is at 47.3 [...]
The State Bank of Vietnam (SBV)’s governor on August 30, 2011 issued a Circular No 22/2011/TT-NHNN amending some contents in the Circular No 13 dated May 20, 2010 and Circular No 19 dated September 27, 2010 on capital adequacy ratio (CAR) in operations of credit institutions. Accordingly, the Circular No 22 that will take effect [...]
As of August 30, 2011, the total deposits of HCM City-commercial banks have been estimated to have reached 857.7 trillion dong, up 1% from the end of last month and up 6.38% over the end of last year, according to the data from the State Bank of Vietnam (SBV)’s HCM City Branch. Under which, total [...]
After the working session with the State Bank of Vietnam (SBV) on August 26, 2011, 12 largest commercial banks committed to seriously apply the deposit rate cap at 14% per year and agreed to lower the lending interest rate for business and production sectors to 17-19% per year as from the middle of September 2011. [...]
The Ministry of Transport has agreed on a new location for the airport in Vung Tau city as suggested by the local government, the Civil Aviation Administration of Vietnam (CAAV) said. CAAV announced the ministry’s approval last week after Minister of Transport Dinh La Thang met with relevant agencies of Ba Ria-Vung Tau Province. The [...]
The Hochiminh Stock Exchange (HOSE) and the Hanoi Stock Exchange (HNX) announce to pause trading on Vietnam’s National Day, Friday September 2. Transactions will be resumed from Monday September 5, the bourses announce on their websites.
The former head of the Foreign Exchange Management Department Truong Van Phuoc had a talk with Tuoi Tre about the State Bank of Vietnam’s plan to mobilize a large source of gold from the public to buy foreign currencies to strengthen reserves. Phuoc said the central bank planned to have commercial banks mobilize gold deposits [...]
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