Private commercial banks have raised deposit rates by 0.1-0.3 percentage points in the past two months to attract depositors amid rising capital demands.

Total insurance premiums in the first seven months of this year surged by 30.8 per cent year-on-year to VNĐ69.5 trillion (US$2.95 billion), the Ministry of Finance reported.

Việt Nam Dairy Products Joint Stock Company (Vinamilk) has announced plans to finalise the list of shareholders that will receive its first round of dividend payments for 2018 in the form of cash and shares on September 6.

Only 15 per cent of business and investment conditions have been cut or simplified since the start of the year despite an instruction issued by Prime Minister Nguyễn Xuân Phúc to ministries and sectors at the start of the year to take drastic measures to cut administrative procedures.

The Cửu Long (Mekong) Delta province of Kiên Giang solicited investment in 64 projects at an investment forum held in HCM City yesterday (August 13).

The Ministry of Finance will collaborate with relevant ministries and agencies to review legal regulations to establish a customs bond system to facilitate customs clearance in Việt Nam in the 2018-19 period.

The failure of the Power Generation Corporation 3 (Genco 3) to sell its stake through initial public offering (IPO) has raised concerns about the upcoming IPO’s of the two other similar companies – Genco 1 and Genco 2 – at the end of this year.

Governor of the State Bank of Việt Nam (SBV) Lê Minh Hưng has recently directed the entire banking industry to strictly control foreign currency lending to better minimise dollar speculation and fight against dollarisation in the economy.

The southern province of Đồng Nai has attracted US$1.14 billion in foreign direct investment (FDI) so far this year, reaching 114 per cent of the annual plan, according to the Đồng Nai Industrial Zones Authority.