Archive for September 2nd, 2017

Bitcoin rush: Miners on the rise with Vietnam set to regulate virtual currencies

02-Sep-2017 Intellasia | Vnexpress | 6:00 AM

The cryptocurrency reached an all time high of $4,700 this week, so if you’ve got a head for numbers… The demand for hardware to mine Bitcoins in Vietnam is on [...]
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Foreign insurers expand distribution network

02-Sep-2017 Intellasia | VIR | 6:00 AM

With strong support from parent companies, many foreign life insurers are expanding their distribution networks and diversifying insurance products and services to utilise [...]
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Commercial banks allowed to provide casino business service

02-Sep-2017 Intellasia | Kinh Te Do Thi | 6:00 AM

The State Bank of Vietnam (SBV) has allowed commercial banks to trade and provide foreign exchange services related to casino business. Accordingly, on August 30, 2017, State [...]
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Adjusting roadmap to apply maximum ratio of short-term funds for medium and long-term loans: to kill two birds with one stone

02-Sep-2017 Intellasia | DTCK | 6:00 AM

The plan of the State Bank of Vietnam (SBV) to amend Circular 36/2014/TT-NHNN in the direction of postponing the time to apply the maximum ratio of short-term funds used for [...]
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City’s credit balances up 10.92pct

02-Sep-2017 Intellasia | SGGP News | 6:00 AM

The HCM City Statistics Office reported that total credit outstanding balance in Ho Chi Minh city reached VND 1.63 million, an increase of 19.8 percent compared to the same [...]
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Credit growth exceeds 10pct as of August 21st

02-Sep-2017 Intellasia | NDH | 6:00 AM

In the afternoon of August 30th, minister, Head of the government Office, the government’s spokesman Mai Tien Dung has chaired a regular press conference. Many contents [...]
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Prudential Finance retains throne with third Excellent Performance Award from SBV

02-Sep-2017 Intellasia | VIR | 6:00 AM

Prudential Vietnam Finance Company Ltd has received the “Excellent Performance” 2016 Award, announced by Decision No.1504/QD-NHNN and signed by Governor of the [...]
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VietinAviva becomes Aviva Vietnam

02-Sep-2017 Intellasia | VN Economic Times | 6:00 AM

Insurer to also boost strategic investment in Vietnam with a focus on digital. Aviva Vietnam Life Insurance (Aviva Vietnam) has launched the Aviva brand name in Vietnam and [...]
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Reference exchange rate kept unchanged

02-Sep-2017 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam offered its reference VND/USD exchange rate at 22,443 VND/USD on September 1, unchanged from August 31. With the current/- 3 percent VND/USD trading [...]
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Bao Viet & Munich Re launch storm coverage product

02-Sep-2017 Intellasia | VN Economic Times | 6:00 AM

“One Storm” provides protection against losses caused by typhoons in Vietnam. The Bao Viet Insurance Corporation (Bao Viet Insurance) and the Munich Reinsurance [...]
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NA panel to supervise management of foreign loans

02-Sep-2017 Intellasia | VNS | 6:00 AM

A delegation of lawmakers will supervise the implementation of laws and policies on the management and use of foreign loans. The delegation was set up under a resolution [...]
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State budget spends 770b dong daily on repaying both principal and interest

02-Sep-2017 Intellasia | Vneconomy | 6:00 AM

Statistics from the general Statistical Office (GSO) show that total state budget revenue from the beginning of the year to August 15, 2017 was estimated at 706.9 trillion [...]
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State budget collection hits over 623 trillion VND in eight months

02-Sep-2017 Intellasia | VNA | 6:00 AM

The total State budget collection hit upwards 623.2 trillion VND (27 billion USD) in the first eight months this year, meeting 64.4 percent of the yearly estimate and rising [...]
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August retail sales in huge surge

02-Sep-2017 Intellasia | VNS | 6:00 AM

Vietnam’s total revenue from retail sales and services reached VND2.58 quadrillion (US$114.7 billion) in the first eight months of this year, a year-on-year increase of [...]
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Government confident to achieve 6.7pct GDP growth target

02-Sep-2017 Intellasia | The Saigon Times | 6:00 AM

The gross domestic product (GDP) growth target for 2017 is obtainable as the nation has made positive achievements over the past months, said minister and Chair of the [...]
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