Archive for December 8th, 2016

HCM City remittances set to fall 9pct in 2016: central bank

08-Dec-2016 Intellasia | Vnexpress | 6:00 AM

Political and economic uncertainty have choked funds flowing into Vietnam from overseas. HCM City is forecast to receive $5 billion in overseas remittances this year, a drop [...]
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Foreign investors worry about being banned from lending to housing projects

08-Dec-2016 Intellasia | Vietnam Finance | 6:00 AM

Report of the Investment and Trade Working Group at the Vietnam Business Forum 2016 (VBF 2016) mentioned that there is currently a conflict between the foreign exchange and [...]
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Will interest rates fluctuate after the exchange rate volatility?

08-Dec-2016 Intellasia | VOV | 6:00 AM

The exchange rate movements have cooled down after the State Bank of Vietnam (SBV) announced to use all measures including the sale of foreign currency to stabilise the [...]
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Vietnam’s GDP to grow at 6.3 per cent for 2017-2018

08-Dec-2016 Intellasia | Vneconomictimes | 6:00 AM

The latest World Bank report predicts Vietnam’s economy to grow over the next few years. Vietnam’s medium-term outlook remains favourable, and its growth [...]
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Reference exchange rate adjusted up 4 dong

08-Dec-2016 Intellasia | VNA | 6:00 AM

The State Bank set the reference VND/USD exchange rate at 22,124 VND per USD on December 7, up 4 VND from the day before. With the current/- 3 percent VND/USD trading band, [...]
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Dong continuously slides against dollar on local market

08-Dec-2016 Intellasia | VNS | 6:00 AM

The US dollar today continuously strengthened against the Vietnamese dog at local banks and on the informal domestic market. The greenback, however, held near a three-week [...]
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Vietcombank successfully issues non-convertible bonds worth $88m

08-Dec-2016 Intellasia | Bizhub | 6:00 AM

The Bank for Foreign Trade of Vietnam (Vietcombank) on Monday announced it successfully issued non-convertible bonds worth VND2 trillion (US$88 million). According to the [...]
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Banks are in different state regarding credit growth limit

08-Dec-2016 Intellasia | Dau Tu Tai Chinh | 6:00 AM

According to the latest data released by the State Bank of Vietnam (SBV), by the end of November 2016, lending increased by 14.57 percent compared to the end of 2015, far [...]
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PM chairs national conference on rearrangement and renovation of businesses

08-Dec-2016 Intellasia | VGP | 6:00 AM

PM Nguyen Xuan Phuc, together with Politburo member and Permanent member of the Party Central Committee (PCC)’s Secretariat Dinh The Huynh and deputy PMs chaired a [...]
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VN seeks more Asean trade

08-Dec-2016 Intellasia | Bizhub | 6:00 AM

The government will review Vietnam’s farming products – such as seafood, rice, vegetables, pepper, coffee, cashew nuts and rubber, and Halal products for Muslim [...]
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Foreign firms call for Vietnam to increase overtime limit

08-Dec-2016 Intellasia | Vnexpress | 6:00 AM

Both companies and workers are keen to cash in on extra hours and productivity. Many South Korean and Japanese firms are complaining that the current maximum overtime allowed [...]
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Irresponsible investors not welcome: PM

08-Dec-2016 Intellasia | The Saigon Times | 6:00 AM

Vietnam does not welcome those investors who eye the country as a haven to practice transfer pricing and who show no responsibility for the environment, prime minister Nguyen [...]
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