Banking credit seen growing 13-15% in 2015
Banking credit is expected to grow by 13-15 per cent this year, 1 per cent higher than last year.
MoF ensures transport fare cuts
The Ministry of Finance has formed three inspection groups to ensure transport prices are lowered by operators in Ha Noi, HCM City and Da Nang and the provinces of Binh Duong and Dong Nai following the huge fall in fuel prices.
Who will benefit from the weaker dong?
A new year has come, bringing with it some good news for exporters : the State Bank of Viet Nam has decided to depreciate the dong by 1 per cent.
Small foreign firms make beeline for VN
After investments by large foreign companies in the past decades, Viet Nam is currently seeing an influx of capital from small and medium enterprises from countries and territories all over the world, according to Vuong Dinh Hue, head of the Central Economic Commission.
Banking sector sets ambitious 2015 targets
At a conference held in late December the banking sector announced its main tasks for 2015. But the goals, based on the industry's results in 2014 and not set too high, may yet be difficult to achieve.
HCM City-Vung Tau hydrofoils back on the water
Vina Express Company has resumed operation of two of its hydrofoils between HCM City and Vung Tau after their suspension nearly a year ago.
Banks on track for 12% credit growth target
The State Bank of Viet Nam announced recently that banking credit grew by 10.22 per cent in the first 11 months.
Private investors fund city infrastructure
To raise funds for infrastructure works, HCM City has called for private investments in BT (build-transfer) projects.
Fresh funds breathe life into housing market
Though the extent of the housing market recovery is not very clear, a lot of money has started flowing into the sector, clearly accelerating the revival.
City firms diversify import sources
Based companies have diversified their sources of import of materials and equipment for production lines to become less dependent on certain markets, a meeting to review HCM City's socio-economic performance this year by the People's Committee heard on Thursday.
Preference for dollar loans boosts credit growth
Companies prefer borrowing in foreign currency than the dong, with banks' foreign currency credit growth topping 20 per cent as of October.

Highlight

Wild peach branches disappear as demand rises Wild peach branches disappear as demand rises

It's hard to find ancient wild peach branches on sale in the northern mountainous province of Son La, due to their overexploitation by the local people.

Flower Road to be opened today Flower Road to be opened today

The Flower Road in HCM City's Ham Nghi Street will be opened to the public at 7pm today. Viet Nam News photographer Van Dat presents different images of the Flower Road, as seen through his lens.

Vietnamese consumer confidence "largely intact": Economist Vietnamese consumer confidence "largely intact": Economist

Vietnamese consumers started 2015 with their confidence broadly unchanged after a tumultuous 2014, ANZ Bank Economist Glenn Maguire said in a recent report.

Viet Nam ranks 10th worldwide in remittances Viet Nam ranks 10th worldwide in remittances

Viet Nam was among the top 10 countries in the world with the largest amount of remittances from abroad last year, with around US$12 billion, according to the Western Union company, which handles money transfers worldwide.

Viet Nam sit at 137th in world football rankings Viet Nam sit at 137th in world football rankings

Viet Nam jumped up four steps in international football rankings, according to FIFA's latest list.