Prime Minister Nguyen Tan Dung has urged the Ministry of Finance to finish the compilation of the draft decree regulating the business of lottery electronic games for foreigners in September 2011. The decree has been awaited by foreign investors, who have joined the quiet race for building casinos to attract more visitors and earn more [...]
Many enterprises have petitioned the State Bank of Vietnam for more quotas on gold import to replenish their stocks that are being depleted following feverish buying these days. A senior executive of Saigon Jewelry Holding Co. (SJC) said his company imported over two tons of the yellow metal this month, but the volume was almost [...]
Leader of Saigon Jewelry Co (SJC) said that in August, his firm imported over two tonnes of gold. But it was just enough for brisk trading days like in previous week. Last week, the daily trading volume of SJC reached about 10,000 taels (375 kilograms). Therefore, SJC continued to apply for more gold import to [...]
Total investment capital from Vietnam’s state budget in August was estimated to have reached 18.5 trillion dong, according to the latest report from the General Statistics Office (GSO). Totally in the first eight months of this year, the total actualised investment capital from the state budget was estimated to have reached 111.1 trillion dong, or [...]
Many manufacturers in the southern province of Binh Duong say working with foreign investors has left them nothing but massive debts. Lured by the promises of lucrative profits, these manufacturers have agreed to apply for business licenses for their joint ventures and borrow bank loans under their names. But when the going got tough, the [...]
After the State Bank of Vietnam (SBV) worked with 12 commercial banks on lowering the lending interest rate, Louis Taylor, general director of Standard Chatered Bank (Vietnam) Limited, said that key interest rates of the central bank may fall, creating favorable condition for lowering the lending interest rate. In addition, if banks ensure the deposit [...]
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