Giải báo chí 70 năm ngành Công Thương

The National Credit Information Center of Vietnam (CIC) and the State Bank of Vietnam (SBV) has officially launched a portal connecting borrowers and credit institutions.

Banks will assess environmental pollution risks when granting loans to projects in some industries, according to a State Bank of Vietnam (SBV) draft regulation.

The Vietnamese Party, State, Government and localities always create favourable conditions and protect legitimate rights for foreign firms, including the Republic of Korea’s SK Group, to land technology investment in the country amid the Fourth Industrial Revolution, Prime Minister Nguyen Xuan Phuc said on June 5.

(VEN) - The State Bank of Vietnam (SBV) has selected 10 commercial banks to pilot Basel II standards by 2020.

The Vietnam Venture Summit 2019, the first of its kind, debuted in Hanoi on June 10.

The Committee for Management of State Capital at Enterprises (CMSC) will oversee the finance of 19 State-owned groups and corporations this year.

HCMC is soliciting investment to build a VND4.9 trillion ($210 million) financial, banking and trade center in Thu Thiem New Urban Area.

An event was held in Ho Chi Minh City on June 3 to help start-ups from the Republic of Korea (RoK) to seek investment opportunities in Vietnam.

Since the start of the year, the Vietnamese government has underlined the role of cashless payment, which recently received a boost when the State Bank of Vietnam (SBV) has also asked card issuers to switch at least 30% of their cards from magnetic stripe to chip cards, especially contactless cards.

(VEN) - The US government is prioritizing trade promotion and investment in Vietnam, which has become one of the fastest growing markets for US goods and expertise.

The Committee for Management of State Capital at Enterprises (CMSC) will receive a cash dividend of more than 2.55 trillion VND (109 million USD) from the Vietnam National Petroleum Group (Petrolimex) for its performance in 2018.

Authorities in the southern coastal province of Ba Ria-Vung Tau are working with local departments to speed up implementation of 34 key projects.

Forbes Vietnam’s list of 50 best listed companies has 10 firms in banking, finance, securities and insurance.

Vietnam’s south central coastal province of Phu Yen introduced a lot of incentives at a conference held in Tokyo on June 3 calling for investments in six projects.

Local banks have continued issuing a large amount of bonds to raise capital to meet the State Bank of Vietnam (SBV)’s stricter regulations on credit safety limits and capital adequacy.

Leading Swedish pharmaceutical firm AstraZeneca will invest US$220 million to expand its presence in the country.

(VEN) - The banking system remains the main source of capital for the economy. Therefore, further development of the capital market, especially stocks and bonds, is needed in order to reduce the economy’s dependence on bank credit.

A seminar was held by the Vietnam Trade Promotion Agency (VIETRADE) at the Food City Trade Centre in Moscow, Russia, on May 31, aiming to help Vietnamese businesses to conduct market surveys and seek partners, towards inking contracts to export products into the Russian market.

The Mekong Delta province of Tra Vinh issued investment licences to six domestically-funded and one foreign-invested project worth some 188 million USD in May.

(VEN) - The Vietnamese economy has grown at a stable rate for many years, while macroeconomic stability has been ensured and inflation effectively controlled. Vietnam has proven its advantages in attracting foreign investment and grasped opportunities presented by international integration. Economists believe that apart from these factors, a healthy and growing financial and monetary market is also an important driving force of economic growth.

The Dak Lak People’s Committee and Hung Nhon Group from southern Binh Phuoc province and De Heus Group from the Netherlands signed a Memorandum of Understanding in Buon Ma Thuot city on May 28 on the construction of a hi-tech agricultural park complex in the Central Highland province.

The banking sector managed to keep its internal bad debts ratio below 3 percent at the end of Q1, according to the central bank.

(VEN) - The Republic of Korea (RoK) has been Vietnam’s leading source of foreign direct investment (FDI) in recent years, reflecting the strong attraction of the Vietnamese market for RoK investors.

(VEN) - The Ministry of Finance has drafted a proposal for a National Assembly resolution on corporate tax reductions for small and medium sized enterprises (SMEs).

Hindustan Computers Limited (HCL) is planning to establish an information technology (IT) centre in Ho Chi Minh City with the capacity of training and recruiting around 10,000 engineering technologists within the next five years.

The Vietnam Association of Accountants and Auditors (VAA) organized its 6th Congress of delegates (term 2019-2024) and held a ceremony on May 26, in Hanoi, to mark its 25th anniversary and receive the Labour Order, first class.

The monetary market’s liquidity has remained stable and foreign currency supply and demand are relatively balanced amidst the uptrend of USD/VND exchange rates over the last few days, an official from the State Bank of Vietnam (SBV) has assured.

(VEN) - According to the Foreign Investment Agency under the Ministry of Planning and Investment, Hanoi led the country in attracting foreign direct investment (FDI) in the first quarter of the year.

A 125 million USD credit has been approved by the World Bank (WB) Board of Executive Directors to assist Ho Chi Minh City in strengthening the institutional foundations for sustainable urban development. 

(VEN) - With a population of 10 million, Hanoi has huge demand for food, striving to meet it by promoting investment in local agricultural development. The city is calling for investment in nine high-tech agricultural zones to enhance product quality, create value chains for spearhead products and promote exports.