Archive for December 20th, 2016

Exchange rate not to fluctuate strongly after Fed’s interest rate increase: expert

20-Dec-2016 Intellasia | Thoi Bao Ngan Hang | 6:00 AM

Regarding the US Federal Reserve System (Fed)’s interest rate increase by 0.25 percent on December 14 and the forecast that there may have three similar increases in [...]
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Reference exchange rate goes up 4 dong December 19

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

The State Bank of Vietnam adjusted the reference VND/USD exchange rate at 22,148 VND per USD on December 19, up 4 VND from the end of last week. With the current/- 3 percent [...]
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How is the once ‘powerful trio’ of banks doing now?

20-Dec-2016 Intellasia | Vietnamnet | 6:00 AM

ACB, Sacombank and Eximbank, the three most influential banks in the south, like MB and Techcombank in the north, are encountering serious difficulties. ACB had been [...]
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HSBC: Vietnam under pressure to devalue currency

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

Vietnam is under mounting pressure to devalue its currency because the US Federal Reserve (Fed) hiked interest rates on Wednesday and because Vietnam has run into trade [...]
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Central city and Gifu Shinkin bank ink MoU on investment

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

The Da Nang Investment Support and Promotion Board, and Japan’s Gifu Shinkin Bank, signed a Memorandum of Understanding (MoU) on cooperation, investment promotion for [...]
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Retail sector poised for growth

20-Dec-2016 Intellasia | Vn Economic Times | 6:00 AM

BMI Research puts average household spending growth at 9.2 percent each year for next five years. Vietnam’s total household spending growth will average 9.2 per cent [...]
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Vietnam loses nearly $450m in petroleum revenue because of tax cut

20-Dec-2016 Intellasia | VNN | 6:00 AM

A loss of VND10 trillion (over $445 million) in tax revenue from petroleum imports occurred in the first 11 months of the year, according to a report released by the general [...]
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FDI to Vietnam still on the rise

20-Dec-2016 Intellasia | Bao Dau Tu | 6:00 AM

Until this moment, the statistics about inflows of foreign direct investment (FDI) in 2016 have gradually formed and most likely, the total newly registered and additional [...]
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Vietnam recommended terminating the race to the bottom on corporate income tax

20-Dec-2016 Intellasia | Bao Dau Tu | 6:00 AM

Oxfam has recently warned about a dangerous global race to the bottom on corporate income tax to attract investment. Does the situation happen in Vietnam? A report released [...]
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Private sector’s role in national economic development

20-Dec-2016 Intellasia | VOV5 | 6:00 AM

Vietnam now has 500,000 private enterprises which employ more than 15 million people and contributes 40 percent of the national GDP. Vietnam has adopted many policies to [...]
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In conversation with Vietnam PM, Trump says bilateral ties will grow

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

US President-elect Donald Trump, speaking in a phone conversation with Vietnam’s prime minister Nguyen Xuan Phuc on December 14, said he wanted to cooperate with [...]
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Vietnam To Chair Apec With Bid To Save Threatened TPP

20-Dec-2016 Intellasia | Newsahead | 6:00 AM

The chairmanship of the 21-member Asia-Pacific Economic Cooperation (Apec) forum passes from Peru to Vietnam. The country intends to try to save the threatened Trans Pacific [...]
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