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Banking tycoon still faces 30-year jail term

Banking tycoon still faces 30-year jail term

High-profile banker Nguyen Duc Kien, former Vice Chairman of the Asia Commercial Bank Founding Council still faced a sentence of 30-year imprisonment as declared by the Hanoi Court of Appeals on December 15.
Vietnam – Customs Union to sign FTA in early 2015

Vietnam – Customs Union to sign FTA in early 2015

Vietnam’s Minister of Industry and Trade Vu Huy Hoang and Minister in charge for Trade of Asia – Europe Economic Committee Andrei A. Slepnhev have signed a joint statement on conclusion of negotiations on the Free Trade Agreement between
Vietnam welcomes over 7 million foreign visitors

Vietnam welcomes over 7 million foreign visitors

Vietnam welcomed over 7.2 million foreign visitors over the past 11 months, an increase of 5.4% compared to the same period last year, according to the Vietnam National Administration of Tourism.
Growers optimistic for the new year

Growers optimistic for the new year

As Tet nears, peach and kumquat trees growers in Hanoi look forward to bountiful crops and good business after a year of favourable growing weather.
Vietnam ready for ASEAN economic community

Vietnam ready for ASEAN economic community

Vietnam is now ready for the ASEAN Economic Community, due to be formed at the end of 2015, experts said at a seminar held by the Central Institute of Economics Management in Hanoi.
Moody’s upgrades outlook for Vietnam’s banking system

Moody’s upgrades outlook for Vietnam’s banking system

Moody's Investors Service has recently revised its outlook for the Vietnamese banking system to stable from negative, reflecting the increased stability in the operating environment for the banks, as well as in Vietnam's macro-economic situation, and a reduction in
SBV imposes penalties for empty ATMs

SBV imposes penalties for empty ATMs

The State Bank of Vietnam will begin imposing penalties of VND10-15 million on banks with ATM machines that run out of money or are taken out of service without a 24-hour warning.
Crackdown on smugglers creates border control turmoil

Crackdown on smugglers creates border control turmoil

A crackdown on smugglers has created turmoil at Vietnam-China border crossings, notably at Mong Cai Border Gate, which is being flooded with people going between the two countries as gangs probe for weak spots in border control.
Agribank continues securing Top 10 VNR500 place

Agribank continues securing Top 10 VNR500 place

The Vietnam Bank for Agriculture and Rural Development (Agribank) was named in the Top 10 of VNR500 in 2014 and was the only commercial bank in the position, Vietnam Report Joint Stock Company announced on December 9.
Wind power leader sees potential in Vietnam

Wind power leader sees potential in Vietnam

The world's leading wind energy company Vestas Wind Systems from Denmark yesterday said that it saw huge potential for windpower development in Vietnam and promised to help the country make wind a sustainable energy solution.
Interest rates lowered by 1.5-2 percent

Interest rates lowered by 1.5-2 percent

The interest rates on Vietnamese dong credits and deposits slashed by 1.5-2 percent over the previous year, helping remove difficulties for businesses, curb inflation and stabilise the monetary market.

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