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Category: FinanceSubscribe via RSS Feed

Decree regulates non-cash transactions

08-Jan-2014 Intellasia | VGP | 6:00 AM

The government has recently issued a decree, which will be effective on March 1, 2014, on non-cash transactions, specifying cases which are not allowed to pay in cash. [...]
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No government back up for foreign loans

08-Jan-2014 Intellasia | VNA | 6:00 AM

The Vietnamese government will not be responsible for foreign loans that it has not guaranteed, according to a new prime ministerial decree. The decree will come into effect [...]
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VCB gains 5.6tr dong of profit before tax in 2013

08-Jan-2014 Intellasia | NDH | Gafin | 6:00 AM

According to Southern bourse-listed Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank, coded VCB), preliminary profit before tax reached 5.6 trillion dong [...]
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Gold JV reopens after talks with suppliers, authorities

08-Jan-2014 Intellasia | VNS | 6:00 AM

A joint venture gold company in central Quang Nam Province’s Phuoc Son District resumed operations over the weekend. It had been forced to close under pressure to pay [...]
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Twenty-three to stand trial for massive bank scam in Vietnam

08-Jan-2014 Intellasia | Thanh Nien News | 6:00 AM

Twenty-three people, including bank employees, will stand trial for their involvement in a scam of nearly VND4 trillion (US$187.92 million) at Vietinbank in HCM City on [...]
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Vietnamese bond market brake all the records

08-Jan-2014 Intellasia | Saigon Times Daily | 6:00 AM

The government bond market witnessed a record growth in 2013, while the corporate bond market got much bigger in scale. Thoi bao Kinh te Saigon, which analysed the [...]
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Vietnam Raises Foreign Bank Owernship Caps to Aid System

08-Jan-2014 Intellasia | Bloomberg | 6:00 AM

Vietnam will allow foreign investors to take bigger stakes in the nation’s lenders in a bid to bolster the ailing banking system. The limit for foreign so-called [...]
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Bank profit postings reveal year of mixed results

08-Jan-2014 Intellasia | VNS | 6:00 AM

A number of banks have released profit results in 2013 that portray both a gloomy and bright picture of the banking industry. The market saw an immense effort by banks to [...]
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Ministry of Finance to release $5b in G-bonds

08-Jan-2014 Intellasia | VNA | 6:00 AM

The Ministry of Finance (MoF) announced that over 17 trillion VND (823.1 million USD) worth of government bonds were mobilised after its 10 auctions in December 2013. The [...]
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No cash-transactions in many sectors

08-Jan-2014 Intellasia | Dien Dan Doanh Nghiep | 6:00 AM

The prime minister has recently issued a Decree No 222/2013/ND-CP stipulating the cash-transaction and state management on cash-payments in some payment transactions in [...]
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Foreign strategic investors to be officially allowed to enlarge holding in local banks

08-Jan-2014 Intellasia | Dat Viet | 6:00 AM

As per the Decree No 01 issued by the Vietnamese government on January 3, 2014, effective from February 20, 2014, foreign strategic investors are allowed to enlarge their [...]
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SBV posts net withdrawal of 286b dong via OMO on January 6

08-Jan-2014 Intellasia | NDH | 6:00 AM

According to SSI Research’s statistics, the State Bank of Vietnam injected 915 billion on open market operation and withdrew 1.201 trillion dong, equivalent to net [...]
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Credit growth of Long An reaches 13.5pct

08-Jan-2014 Intellasia | NDH | 6:00 AM

According to a report of the State Bank of Vietnam (SBV) – Long An Branch, as of the end of 2013. Outstanding loans of credit organisations in Long An Province reached [...]
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Government requires to mobilise gold from citizens

07-Jan-2014 Intellasia | VnEconomy | 6:00 AM

The Vietnamese government on January 2, 2014 issued a Resolution No 01/NQ-CP on major tasks and solutions to run and carry out the socioeconomic development plan and state [...]
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OCB’s credit growth rate reaches 9pct in 2013

07-Jan-2014 Intellasia | Gafin | 6:00 AM

General director of Orient Commercial Joint Stock Bank (OCB) Nguyen Dinh Tung said that bad debts still threaten credit growth so loan quality must be controlled strictly and [...]
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