Central bank maintains flexible forex regime
In the first four months of the year, the trade deficit was at quite high at around US$2.8 billion.
From mid-March Sacombank has been offering certificates of deposit (CDs) denominated in đồng to individuals and companies.
Farmers need to be rescued again as prices of yet another item collapse
Market observers said in the first two months of the year the Government successfully issued bonds worth VNĐ54.11 trillion ($2.38 billion) for terms of five to 10 years.
Although Vietnamese apparel company movement toward the stock market is an inevitable trend in a market economy, only 30 businesses of the sector’s total of 6,000 have listed so far.
The Government has instructed the Ministry of Finance to consider changes to special consumption taxes on imported pick-up trucks to level the field for cars.
The Prime Minister recently ratified a project to stimulate non-cash transactions in 2016-20 with a view to reducing the cash transactions rate to under 10 per cent.
Last year the VPBank-owned FE Credit-Consumer Finance Services added 2.7 million accounts to take its total number of customers to 3.3 million.
The Government has approved a plan to build three special economic zones (SEZs) to spearhead the country’s growth and exploit local advantages to impel growth there.
One of the most important purposes of the equitisation of State-owned enterprises is to improve their management, and thus their performance.