Category: Vietnam
Business Briefs May 21
* Phu My Hung Corporation last week held ceremony to mark its 20 years of operation in Vietnam. During the period, the firm has developed 84 projects and around 12,000 [...]
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Vietnam Sets Salary Cap of $1,800/Month for Leaders of State-Owned Enterprises
Vietnam Sets Salary Cap of $1,800/Month for Leaders of State-Owned Enterprises The maximum level is applied for chair of state economic corporation. Other high ranking [...]
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CSR means sustainable development for all: Swiss corps
Fulfilling corporate social responsibility (CSR) to local communities is the key factor for the sustainable development of both foreign-invested companies and their host [...]
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Vietnam’s Trade Deficit With China $6.55 Billion in Jan-April Period
Vietnam’s trade deficit with China stood at $6.55 billion in the first four months of this year, sharply higher than the country’s overall trade deficit of $723 [...]
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Prime minister Dung talks trade cooperation in Belarus
Vietnam and Belarus will maintain an exchange of high-ranking delegations to consolidate political trust which in turn will help boost bilateral ties. This was the message [...]
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Vietnam-Cambodia trade up in four months
Two-way trade between Vietnam and Cambodia reached $1.3 billion in the first four months of this year, a year-on-year increase of 10 percent. According to the Vietnamese [...]
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Exports to India rise sharply
April’s two-way trade turnover between Vietnam and India hit $498.4 million, up 77.7 percent compared to the same period last year. The general Department of Vietnam [...]
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Finland pledges to maintain supports for Vietnam
The Finnish government will continue its supports for Vietnam’s economic growth and poverty reduction, said Kimmo Lahdevirta, Finnish Ambassador to Vietnam, in a recent [...]
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Central bank dispels forex rate adjustment rumour
The State bank of Vietnam on Friday announced that there is no plan in adjusting the foreign exchange rates at the moment, following a wave to increase the US dollar selling [...]
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Measuring the risks of microfinance institutions
On May 16, International Finance Corporation (IFC), Swiss State Secretariat for Economic Affairs (SECO) and Vietnam Microfinance Working Group (MFWG) held a conference to set [...]
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Lending rate at commercial joint stock banks down slowly
One week after the State Bank of Vietnam (SBV) cut the key rates, the lending interest rates at commercial joint stock banks have not had signs of cooling down yet. Tran Dinh [...]
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Real estate credit would increase sharply
Interest rate for house buying loan of 6 percent per year was considered attractive and could stimulate real estate credit. After long time waiting, finally, 30 trillion dong [...]
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How much is VAMC’s bond?
The Vietnam Asset Management Company (VAMC), a powerful legal entity established to restructure the bad debts, would issue bonds to deal with the debts. What analysts are [...]
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Interest rates unlikely to drop further
Interest rates may not be lowered for fear that local consumers will stop depositing their money in banks. Ngo Quang Luong, a senior official from the State Bank of Vietnam [...]
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Many Banks Cut Jobs in Q1
Many commercial banks have cut jobs in the first quarter of this year as the banking continued restructuring amid difficult economic conditions, the local newswire Cafef.vn [...]
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