Archive for July, 2005
SBV forex rates for July 29
Interbank rate: 1 US dollar = 15,843.00 dong State commercial bank rates: USD buy 15,881.00 sell 15,883.00 JPY buy 140.04 sell 142.30 EUR buy 19,157.17 sell [...]
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Satra Group to change status
The HCM City government has approved the plan to convert state-run Saigon Trading Group into a holding concern with the aim of creating a mega trading house in the country. [...]
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Strategy to boost SMEs
The Small and Medium Enterprises Development Strategy, whose first draft is now being compiled, is expected to provide a major boost to the sector. The strategy, to [...]
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Ministry to check small-scale automakers? capacity
The Ministry of Industry will check the capability of small-scale automakers that have been licensed by provincial and municipal governments to ensure that the manufacturers [...]
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Standing Committee looks at equal footing clause in draft business law
The National Assembly Standing Committee, which is thoroughly looking into the draft of the Unified Business Law, on July 28 underlined a view that all enterprises would be [...]
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Select strategic investors after equitisation
During the past 10 years, more than 2,300 state-owned enterprises have been equitised, most of which are small-scale, and State capital in these equitised enterprises makes [...]
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Third property certificate cut from draft law
The draft law on property registration will be revised to exclude a proposed third property certificate as suggested by the Ministry of Justice, said the deputy minister of [...]
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Online customs clearance on trial in two port cities
Two major cities have launched online customs clearance systems on a trial basis to help customers avoid complicated customs procedures and prepare for the official [...]
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China’s investments
China has 330 projects in Vietnam with combined registered capital of US$700 million making it the fourteenth largest investing country according to the planning ministry. [...]
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ACB opens HCM City branch
The Asia commercial Bank opened a new branch on of HCM City’s new Tan Phu District. This branch will bring the bank’s tally to 47 branches nationwide. The new branch [...]
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Quang Tri term-deposit balance rises 28% year-on-year
Total deposit balance of Quang Tri province based commercial banks in the first half posted a growth of 4.4% against last year. Particularly, total term-deposit balance by [...]
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Incombank signs debt trading deal
The Industrial and Commercial Bank of Vietnam (Incombank) and the Debt and Asset Trading Co (DATC) on July 25 signed a debt-trading contract. Accordingly, Incombank decided [...]
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Da Nang deposit balance up 11.9%
Total deposit balance of Da Nang City-based commercial banks since the start of this year reached more than 8.692 trillion dong, up by 992 billion dong, posting a growth rate [...]
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Bank to have separate communication channel
The governor of the State Bank of Vietnam has assigned the banking information technology department to build a separate communication channel designed to transmit banking [...]
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Prudential takes pole position
For the first time, Prudential Vietnam has defeated Vietnam Insurance Corp, or Bao Viet to take the lead in premium market share in new insurance policies as well as [...]
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