SBV paves way for more use of plastic money
The State Bank of Vietnam (SBV) will complete all related legal frameworks for the use of plastic money-credit and debit cards, as well as other forms of electronic payment in 2012.
Vietnam not to apply sharp petrol price cuts
Despite the fall in the import price, petrol price cuts will not be as sharp as price hikes, said the Ministry of Industry and Trade.
Electric rates to float on July 1
Vietnam will officially deregulate the power market on July 1 to boost competition and reduce the monopoly of the Vietnam Electricity Corporation.
Government to support low-income housing
The Minister of Construction proposed certain measures to deal with the outstanding problems in the real estate market.
Heat on ECB to act as eurozone crisis deepens
The ECB is coming under increasing pressure to come to the rescue once again as the eurozone debt crisis deepens, with analysts suggesting it could cut interest rates soon.
Investors keen on gold again
Many people have been flocking to buy gold again as the market showed signs of recovery since the end of last week.
WB: Vietnam's bank restructuring plan at risk
The carrying out of bank restructuring in Vietnam is going ahead at a very slow pace, said the World Bank.
New checks soon on all FDI projects
State management agencies would inspect foreign-invested projects periodically or unexpectedly in a bid to guarantee the effects of legal regulations.
Interest rates may continue to fall
Bank interest rates may continue to decrease this year, said Nguyen Duc Kien, Vice Chairman of NA's Economic Committee.
Summer heat prompts businesses to get creative
As the days become hotter this summer, businesses in Hanoi come up with imaginative solutions to attract customers.
DOC’s preliminary decision against Vietnamese hangers
The US Department of Commerce has preliminarily decided against steel garment hangers imported from Vietnam.
Greek euro exit not ruled out if loan deal broken: France
A Greek exit from the eurozone will be on the agenda if Athens fails to impose required austerity measures, French Finance Minister Pierre Moscovici said.
Short-term interbank market to be targeted
The number of interbank transactions have risen sharply after SBV cut its deposit interest rate by 1% to 11% per year.
Denmark halts three ODA projects over fraud allegations
Denmark decided to halt three out of four of its ODA climate change study projects in Vietnam due to misappropriation of funds.
No cheap capital for Vietnam on international market now
Bad news about domestic economy and changes in world market would be a big challenge for Vietnamese banks' plan to issue international bonds in 2012.
New regulations expected to reduce prepaid mobile accounts
The circular on the management of prepaid mobile subscriptions is predicted to reduce the number of mobile subscribers.
Interest rates likely to drop to 9 percent: SBV
The State Bank of Vietnam may reduce deposit interest rates to 9 percent per year to cut loan rates and help businesses.
Gas traders exploit drops on world gas market
When world gas prices increase, domestic prices rapidly follow, yet when world prices drop, domestic prices tend to drop at a slower rate and by less.
China and Japan begin direct currency trading
China and Japan started direct currency trading as Beijing marked another stage on its journey to foster the yuan's use internationally in line with its growing economic clout.
Management a key factor to restructuring of state firms
The quality of human resource management plays a decisive role in the restructuring of State-owned enterprises, officials said.
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