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Six VN businesses allowed to directly invest overseas

13-Jan-2016 Intellasia | VOV | 6:00 AM

The government has issued Decree No. 135/2015/ND-CP stipulating indirect overseas investment. Accordingly, six organisations are allowed to pour indirect overseas investment [...]
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Bad debts success not enough

13-Jan-2016 Intellasia | VIR | 6:00 AM

Despite bad debts dropping well below the 3 per-cent threshold, local banks are still struggling with debt recovery. As of September 30, 2015, a large number of local banks [...]
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Surcharge remains a barrier for card payment

13-Jan-2016 Intellasia | DTCK | 6:00 AM

According to statistics of the State Bank of Vietnam (SBV), as of late 2015, there were over 200,000 points of sale (POS) in the country, up by about 18 percent compared to [...]
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Vietnamese startups close over 60 deals in 2015

13-Jan-2016 Intellasia | Deal Street Asia | 6:00 AM

The startup landscape in Vietnam saw 67 investments last year, representing a whopping 130 per cent increase over 2014, said a report by a local incubator, Topica Founder [...]
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Banks to lend VND212 trillion to firms in city

13-Jan-2016 Intellasia | The Saigon Times | 6:00 AM

Nearly 20 lenders last Friday clinched deals to provide a combined VND212 trillion (US$9.4 billion) in loans for participating businesses of the business-bank matching [...]
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Consumer credit boom seen in Vietnam as economy recovers

13-Jan-2016 Intellasia | Nationmultimedia | 6:00 AM

CONSUMER credit is expected to develop rapidly in Vietnam over the next five years, driven by rising demand from a recovering economy with a young population. Dao Van Hung, a [...]
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Vietnam battles to balance State budget

13-Jan-2016 Intellasia | VNA | 6:00 AM

Minister of Finance Dinh Tien Dung said in an interview on VTV on January 10 that one of the key tasks that his ministry will fulfill this year is to balance the state [...]
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Foreign banks’ path to dominate domestic market

13-Jan-2016 Intellasia | VIR | 6:00 AM

Not satisfied with serving only foreign-invested entreprizes operating in Vietnam, foreign banks are working to expand amongst domestic customers. As of now, foreign banks do [...]
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Interest rate competition is heating up

13-Jan-2016 Intellasia | VnEconomy | 6:00 AM

Some State-owned commercial banks have raised short-term deposit rates in the last week of December 2015. Two weeks after the Commercial Joint Stock Bank for Industry and [...]
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Labour benefits raise production cost concerns

13-Jan-2016 Intellasia | VIR | 6:00 AM

Although the amended Law on Social Insurance 2014 is expected to benefit labourers, domestic and foreign firms are concerned about growing production costs caused by [...]
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Ten big bankers on Vietnamese stock market

13-Jan-2016 Intellasia | VNN | 6:00 AM

The shareholders of big listed banks – Sacombank, ACB and SHB – in 2015 had total stock assets worth VND3.55 trillion, an increase of VND275 billion compared with [...]
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Business Brief January 12

12-Jan-2016 Intellasia | | 3:51 PM

* Exchange traded fund VFMVN30 has added 300,000 fund certificates on the Hochiminh Stock Exchange, raising its total outstanding volume to 38 million units. The new fund [...]
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Prudential’s newest long-term record investment

12-Jan-2016 Intellasia | VIR | 6:00 AM

Prudential Vietnam Assurance once again leads the pack of insurers in Vietnam, investing in the longest term-ever government bonds. Last week, Prudential announced receiving [...]
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Bond yields shaken in 2015 despite last quarter surge

12-Jan-2016 Intellasia | VIR | 6:00 AM

In spite of disappointingly low issuance during the first three quarters of the year, total issuance volume in the last quarter of 2015 reached a two-year high of VND130,666 [...]
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Vietnam’s public debts rise as spending surges

12-Jan-2016 Intellasia | VET | 6:00 AM

Although the public debt ratio remains at safety ratio and the rising budget deficit is gradually tightened, these issues have constantly been warned and measures have been [...]
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