Archive for September 15th, 2018

Reference exchange rate down by 5 VND

15-Sep-2018 Intellasia | VNA | 6:00 AM

The State Bank continued to adjust the daily reference exchange rate down on September 14, setting it at 22,690 VND/USD, down 5 VND from the previous day. With the current [...]
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Lack of bank access slows digital payment growth

15-Sep-2018 Intellasia | VNS | 6:00 AM

There is plenty of room for further development of the digital finance industry, but experts worry that this the huge number of people without bank accounts and the slow [...]
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Vietnam finance minister urges flexibility in forex policy, says debt ratio falling

15-Sep-2018 Intellasia | VN Express | 6:00 AM

Vietnam’s finance minister said the nation should be more flexible in handling its exchange rate. Finance minister Dinh Tien Dung shared during a Wednesday intervew [...]
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Forex market faces a lot of pressure in September

15-Sep-2018 Intellasia | Dau tu Chung khoan | 6:00 AM

Closing August 2018, the foreign exchange (forex) market was said to be in the most stable status in the past three months. However, in September, the tension is forecasted [...]
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Vietnam sets to speed up bad debt resolution in next two years

15-Sep-2018 Intellasia | Hanoi Times | 6:00 AM

The banking industry will have to work hard to reduce the ratio of non-performing loans (NPLs) including both NPLs owned by credit institutions and the Vietnam Asset [...]
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Dong and US dollar interest rates gap around safe level of 2pct

15-Sep-2018 Intellasia | NDH | 6:00 AM

Looking back on the money market in August, in a recent released report, SSI Retail Research reported that the interbank rates and exchange rates have been gradually [...]
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WEF Asean 2018: Vietnam treasures benefits of free trade

15-Sep-2018 Intellasia | VNA | 6:00 AM

Vietnam has long treasured the substantial benefits of free trade, particularly amidst the formidable challenges posed by global trade protectionism which is currently [...]
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Mekong region needs to improve connectivity: leaders

15-Sep-2018 Intellasia | The Saigon Times | 6:00 AM

The Mekong region would be ranked among the world’s 20 largest economies if it were a common area, but the region has yet to form deep connectivity, heard attendees at [...]
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Will China use Vietnamese origin to export woodwork to US?

15-Sep-2018 Intellasia | Vietnamnet | 6:00 AM

The massive arrival of Chinese enterprises to Vietnam to set up woodwork processing workshops has raised concern that China may exploit Vietnamese origin to export products [...]
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Consumers gain most from FTA tax reforms

15-Sep-2018 Intellasia | VN Express | 6:00 AM

While the state budget and domestic producers can suffer from lower import taxes, consumers will benefit handsomely, economists say. After studying business reports of six [...]
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Sugarcane faces plummeting prices

15-Sep-2018 Intellasia | VNS | 6:00 AM

The sugarcane sector is facing record-low prices despite an increase of 500,000 tonnes of output over last year, leading to high inventory levels, according to the Vietnam [...]
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Blockchain technology benefits SMEs, developing countries: report

15-Sep-2018 Intellasia | VNA | 6:00 AM

Blockchain could bring a commercial benefit of 1 trillion USD, mostly for small- and medium-sized enterprises (SMEs) as well as for some newly-emerged markets which suffer [...]
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Only 10 SOEs approved for equitisation in eight months

15-Sep-2018 Intellasia | VNS | 6:00 AM

Only one State-owned enterprise (SOE) had its equitisation plan approved in August, lifting the total number of approved businesses this year to 10 (nine companies and one [...]
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Trade deficit rate may increase in Vietnam

15-Sep-2018 Intellasia | VNS | 6:00 AM

The Vietnam trade balance in the first eight months of 2018 showed a surplus of $2.8 billion. Yet, if counted only the export turnover in August, there is a trade deficit of [...]
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WEF Asean 2018: Expatriates a potential source for growth

15-Sep-2018 Intellasia | VNA | 6:00 AM

Governments of the Asean member states should design suitable policies to control risks and seize opportunities related to the return of their expatriates, said speakers at a [...]
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