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 [...]
Honda Vietnam will reconsider its investment and business plans in Vietnam if it is hit by a multi-million dollar tax arrears bill. The manufacturer stated in a document sent to the government opposing the decisions, from custom departments in Hanoi and Vinh Phuc province, for collecting $160 million in tax arrears payments. The custom departments [...]
The Centre for Foreign Investment Studies (CFIS) and Ernst & Young, one of the world’s largest professional services firms, just inked a cooperative deal on establishing a charge-free advisory counter in Hanoi. Accordingly, Ernst & Young experts will consult with foreign investor a broad range of issues covering investment and tax policies in Vietnam as [...]
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