Business News

[17-03-2016] The Ministry of Finance has asked local tax authorities to refund value-added tax (VAT) to enterprises if the amount of tax they default on is less than the amount of tax refund that they will receive. The ministry’s decision is in response to complaints about tax refund delays caused by tax agencies, which causes shortage in businesses capital sources.

[08-03-2016] To assess the impact of economic integration on the state budget in 2016 and promptly adjust the balance of income and expenditure, the Minister of Finance recently issued Directive 02/CT-BTC on integration in the financial sector in 2016.

[24-02-2016] The finance-banking sector topped the list of 10 industries offering the highest salaries for mid-level and senior managers in 2015 and it is also one of the four sectors with strongest recruitment demand this year.

[17-02-2016] The State Bank of Viet Nam (SBV)'s recent proposals on tightening lending rules would benefit local banks, the rating agency Moody's said on Monday. The SBV early this month issued a request for comment on its amendments to Circular 36, which would set stricter rules on asset-liability management and on providing credit to the real estate sector.

[12-02-2016] The Asia Commercial Bank (ACB) will be the latest bank to join the wave of mergers among commercial banks and finance companies that is expected to become a major trend this year.

[25-01-2016] The exchange rate may vary between 3 and 4% in 2016, according to the Viet Nam Institute for Economic and Policy Research (VEPR). In its macro-economic report, the institute analyzed that the foreign exchange market operated in a relatively stable manner in the first half of Q4, 2015 and exchange rates at commercial banks and free market declined since the yuan devaluation.

[25-01-2016] Mr Nguyen Van Binh, Governor of the State Bank of Vietnam (SBV), has made imprints that cannot be denied by the most intense caveats. The deactivation of the "second currency" and an acquisition of weak performance banks at zero VND. However, the work of the governor in 2016 involves facing challenges to meet higher demands to ensure a transparent system.

[20-01-2016] The Vietnamese stock market was rattled on China's stock turmoil. Stock investment becomes risky and unpredictable, even as there is a lot of positive information about Vietnamese economy.