Business

SBV will stabilise national currency: Governor

The State Bank of Vietnam (SBV) will continue to stabilise the value of the national currency (VND) and improve its position in investment channels, considering this a long-term strategy in steering monetary policy, SBV Governor Nguyen Van Binh has affirmed.

Public debt may account for over 98% of GDP

Vietnam’s real public debt may make up 98.2% of the national GDP, factoring in state-owned enterprise debts, as well as debt of the fundamental construction area.

Overseas remittances likely to hit US$11 billion

Commercial banks are expecting a sharp increase in overseas remittances as 2013 draws to a close, estimating a yearly total approaching US$11 billion.

Farm produce’s future export prospects

Vietnam’s agricultural products exported in 2013 have increased by 1.5% to USD25.25 billion, defying a fall in global market demand.

Agribank employee arrested for using fake gold as collateral

An employee of a Vietnamese bank has been arrested for being involved in using fake gold as collateral to withdraw VND19 billion (USD904,761) from the bank.

Cuba eases 50-year-old restrictions on car imports

Cuba announced it will ease restrictions on car imports for the first time in half a century, marking the end of an era that made icons of the island's vintage automobiles.

ASEAN to develop insurance market

Despite global economic crisis, the insurance market continues to post a rapid growth in ASEAN countries and new emerging economies.

Workshop highlights role of design in handicraft trade

How to enhance competitiveness, increase economic values and expand market for the handicraft sector were major subjects discussed at a recent workshop held in Ho Chi Minh City.

Wanton competition drives electronics stores into bankruptcy

Many electronics stores in Vietnam are facing the risk of bankruptcy after a period of rapid expansion and competition.

Canadian-funded project promotes safe food in Vietnam

A Canadian-funded project has helped build dozens of models for producing safe fruits, vegetables and meat in eight cities and provinces.

Sharp, sudden increase in fuel prices

The Ministries of Finance and Industry and Trade have just agreed to an increase in fuel prices of VND600 per litre starting December 18.

Banking sector focuses on restructuring

The Government chief called upon more drastic measures to be taken to speed up the restructuring in the banking system.

Brand, manager shake ups critical to reforming bad banks

Vietnam is seeing an increasing trend of banks changing their brand identity and/or managers to bolster efficiency.

PM: diplomats need to assist exports

Prime Minister Nguyen Tan Dung has urged the diplomatic sector to work harder to expand the market for the country's exports.

Vietnamese financier faces life sentence

Nguyen Duc Kien, one of Vietnam's most powerful financial figures, may face life sentence for violating state regulations on economic management.

Businesses look for ways to give Tet bonuses

Amid difficult economic times, many leaders of companies have been looking for ways to provide Tet bonuses to their employees this year.

Viettel, VinaPhone switch to e-payment

Several local mobile service providers, including Viettel and VinaPhone, now are switching to the e-payment segment in the context that their revenues from basic mobile services such as call, text and value added services have declined.

SBV ends rate-lowering race

In an effort to stop unhealthy competition among banks, the State Bank of Vietnam has issued a regulation that would prevent banks from offering loans at lower rates than deposit rates.

Private firms need fairer treatment: Minister

The Minister of Planning and Investment said that several problems including the monopoly of SOEs' and opportunities for private firms must be quickly addressed.

Small farmers at crossroads in Vietnam

Many people have proposed a policy of integration of small farms in order to increase agricultural production, but this may mean that millions of households would fall behind.

573 574575576 577