Archive for June 1st, 2019

Central bank to continue managing monetary policy

01-Jun-2019 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam (SBV) said on May 30 that it will continue to coordinate with relevant Vietnamese ministries and agencies regarding the US Department of [...]
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How do payment services bring profits to banks?

01-Jun-2019 Intellasia | VnEconomy | 6:00 AM

When the credit growth is limited at a certain level, banks must seek new sources of revenue to meet their growth requirement. In particular, payment service activities in [...]
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Reference exchange rate down 2 VND on May 31

01-Jun-2019 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam set the daily reference exchange rate at 23,065 VND per USD on May 31, down 2 VND from the previous day. With the current trading band of +/- 3 [...]
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HCM City proposes using State budget for road projects

01-Jun-2019 Intellasia | The Saigon Times | 6:00 AM

The HCM City Department of Transport has proposed using the State budget to fund projects to expand National Highways 13, 22, 1A and 50, instead of calling for [...]
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Vietnam emerges as top electronics manufacturer: DBS Bank

01-Jun-2019 Intellasia | The Saigon Times | 6:00 AM

Vietnam is poised to become a leading electronics powerhouse in the Association of Southeast Asian Nations, or Asean, in the coming years if it sustains its current pace of [...]
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Decree outlines fresh approach to planning

01-Jun-2019 Intellasia | VIR | 6:00 AM

The long-awaited new decree guiding to the Law on Planning is expected to open a wider business development space for businesses to venture further into projects in Vietnam [...]
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MoIT goes online for administrative procedures

01-Jun-2019 Intellasia | VNS | 6:00 AM

The Ministry of Industry and Trade has moved to put more public administrative services online to achieve a more simplified and transparent administration. As of the end of [...]
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Vietnam’s productivity still low, only triples over the last 25 years

01-Jun-2019 Intellasia | Vietnamnet | 6:00 AM

The highest added value lies in R&D, and if Vietnam continues to rely on outsourcing, its productivity will not improve significantly. VCCI (Vietnam Chamber of Commerce [...]
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Vietnam, Japan agree to expand economic bond

01-Jun-2019 Intellasia | VNA | 6:00 AM

Deputy prime minister and Foreign minister Pham Binh Minh and Japanese Foreign minister Taro Kono held talks and co-chaired the 11th meeting of the Vietnam-Japan Cooperation [...]
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19 State-owned groups to be under financial supervision

01-Jun-2019 Intellasia | VNS | 6:00 AM

The Commission for the Management of State Capital at Enterprises (CMSC) this year will oversee the finance of 19 State-owned groups and corporations. The CMSC will review [...]
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Ministry of Finance proposes to slash business costs

01-Jun-2019 Intellasia | VNS | 6:00 AM

Household businesses may be exempted from paying fees for enterprise registration and first-time provision of information needed to become an enterprise. The Ministry of [...]
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Major projects languish as speculators abandon land plots

01-Jun-2019 Intellasia | VNA | 6:00 AM

Property speculation and a lack of roads and facilities such as hospitals, schools and shopping malls have led to a number of so-called “deserted towns” in real [...]
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Vietnam will face power shortage in future

01-Jun-2019 Intellasia | VNA | 6:00 AM

Vietnam could face a power shortage in the near future due to surging demand and development difficulties. The warning was made at a seminar held in HCM City on May 28 to [...]
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Quang Tri looks to develop solar, wind power

01-Jun-2019 Intellasia | VNA | 6:00 AM

Quang Tri province considers solar and wind power one of the priorities to turn itself into an energy hub in the north central region. Secretary of the provincial Party [...]
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Vietnam looks promising for FDI: Reed Tradex

01-Jun-2019 Intellasia | The Saigon Times | 6:00 AM

Vietnam, with its open economy and significant progress in improving the local business environment, is considered promising for foreign investors, stated a representative of [...]
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