Việt Nam News reporter Ngọc Bích talks with the State Bank of Việt Nam’s Governor Lê Minh Hưng about the opportunities and challenges that the banking system will face in the near future.
Ten domestic commercial banks have been piloting Basel II, a set of banking regulations put forth by the Basel Committee on Banking Supervision, since late last year, as part of measures required by the State Bank of Việt Nam to restructure the local banking system.
Factoring services for merchandise exports in Việt Nam will become more essential than ever before as the country integrates more deeply into the international economy, the secretary general of Việt Nam Banks Association (VNBA) said yesterday at an international factoring conference held in HCM City.
Việt Nam’s targeted growth rate of 6.7 per cent for this year may be too ambitious given both macro and micro economic conditions, said Nguyễn Đức Thành, President of the Vietnam Institute for Economic and Policy Research (VEPR) yesterday at a conference.
The Directorate for Roads of Vietnam (DRVN) has suggested that Uber and Grab taxis should have signs on their cars to differentiate them from conventional taxis.
E-commerce websites saw turnover increase by 45 per cent last year and investment in them go up by 30 per cent.
The rate of IPv6 usage in Việt Nam was reported at only 0.03 per cent, 300 times lower than the world’s average rate at 10.4 per cent.
The northern province of Quảng Ninh will continue to improve the investment climate and sharpen competition in a move to facilitate investment in the agricultural sector, said the provincial People’s Committee chairman Nguyễn Đức Long.
Commercial banks employees have received higher salaries in the first quarter this year thanks to the improved performance of banks.
Producers of export quality garments are facing a reduction in orders, according to the Việt Nam Textile and Apparel Association (VITAS)
E5 petrol producers and distributors need more State support to sell the product on the local market due to the numerous difficulties they face, the Việt Nam Petroleum Association said.
Thailand’s Central Group and its local partner Nguyễn Kim Trading Company have finally won the fierce battle for ownership of Big C Vietnam after offering 920 million euros (US$1.05 billion) to France’s Casino Group.
The Prime Minister has recently approved a technical assistance project involving consultations and analyses of public finance management in Việt Nam.
The country’s biggest gold bar trader in Việt Nam, Sài Gòn Jewellery Joint Stock Company (SJC), recorded more than VNĐ18 trillion (US$806 million) in sales in 2015, but its gross profit margin was only 0.57 per cent, much lower than the margin of competitor Phú Nhuận Jewellery (PNJ) at 15 per cent.
The Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank) signed a new agreement on Saturday to improve its partnership with the Binh Son Refining and Petrochemical Co Ltd (BSR).
HCM CITY—American businesses plan to invest in a large project in Thủ Thiêm new urban area that would be turned into a leading service and finance centre, according to the Government’s news portal.
Vietnamese shares went yesterday were mixed on the two local exchanges, while investors tried to take profits from banks after these stocks made good gains last week.
Experts have noted that it is time Vietnamese retail firms "grew up" and adopt modern retail practices. Among the recommendations is that Việt Nam’s retailers promote local production through distribution and compete with foreign rivals during the current merger and acquisition (M&A) boom.
Vietnamese shares may not extend their gains this week, as investors might look for profits and local markets could lack good news from companies and global exchanges, brokerage firms wrote in the weekly forecast
The Ministry of Industry and Trade planned to officially announce in mid-June results of the inspection to scrutinise seven multi-level marketing companies following the Liên Kết Việt scandal that defrauded 60,000 victims, officials said at a meeting yesterday.
