Archive for December, 2016

DATC’s profit grows by over 50pct due to deposit interests

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

The Debt and Asset Trading Company (DATC) has announced the financial report in the second quarter of 2016. Accordingly, its net revenue in the first half of 2016 reached 613 [...]
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Credit growth touches 16.46pct as of December 20

31-Dec-2016 Intellasia | Nhip Cau Dau Tu | 6:00 AM

As of December 20, 2016, the total money supply increased 16.47 percent year-on-year, higher than the year-on-year increase of 13.55 percent, data from the general [...]
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FE CREDIT obtains $100mn loan facility

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

The VPBank Finance Company Limited (FE CREDIT) obtained a $100 million senior secured term loan committed facility on December 28 to supplement its working capital as it [...]
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FE credit signs loan contract with Credit Suisse

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

VPBank Finance Company Limited (FE CREDIT) on Wednesday announced that it has completed a syndicated loan procedure with Switzerland’s Credit Suisse Group. The $100 [...]
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The MOF effectively urges banks to get listed

31-Dec-2016 Intellasia | Dau Tu Chung Khoan | 6:00 AM

As the year is ending, many public joint stock banks are rushing to proceed the listing of their shares. On December 12th 2016, the Vietnam Securities Depository (VSD) [...]
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Reference exchange rate goes down 3 dong

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

The State Bank of Vietnam adjusted the reference VND/USD exchange rate at 21,159 VND per USD on December 30, down 3 VND from December 29. With the current +/- 3 percent [...]
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The PM: value of dong should be stabilised in 2017

31-Dec-2016 Intellasia | BizLive | 6:00 AM

Speaking at the government’s conference with leaders of localities in the morning of December 29th, Governor of the State Bank of Vietnam (SBV) Le Minh Hung said that [...]
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Mass fish deaths cost 0.3pct of GDP

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

April’s mass fish deaths on the central coast have cost 0.3 percent of Vietnam’s gross domestic product (GDP), said prime minister Nguyen Xuan Phuc at his [...]
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HCM City’s domestic tax collections beat target

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

Domestic tax revenue in HCM City had reached VND196.36 trillion (US$8.62 billion) by late last week, 0.28 percent higher than the target set by the city government and 7.84 [...]
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Government leader requests resolve, aspiration for national development

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

Prime minister Nguyen Xuan Phuc has asked central and local officials to have a political resolve and aspirations to develop the country in the new period although numerous [...]
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CPI below 5pct target

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

The consumer price index (CPI) this December is forecast to pick up 0.23 percent against a month earlier, and a mere 4.74 percent from the year before, below the 5 percent [...]
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Challenges face textile sector as cheap labour no longer an advantage

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

Textiles are often regarded as one of Vietnam’s key export sectors with an average annual growth rate of 15 percent during 2010-2015. However, it is also faced with a [...]
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Vietnam looks set to have trade surplus in 2016

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

Vietnam is poised to run a trade surplus of $2.68 billion this year after it registered a trade deficit of a whopping $3.55 billion last year, the general Department of [...]
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Economy faces unprecedented woes in 2016

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

Minister of Planning and Investment Nguyen Chi Dung told a teleconference on December 28 that Vietnam’s economy has grappled with unprecedented woes this year. [...]
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Lunar New Year bonuses show stark income divide across Vietnam

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

With rewards for the upcoming Tet holiday ranging from only less than $5 to a brand new car, it’s not going to be an equally happy new year for all. A real estate [...]
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