STATE FUNDS FOR BANK DEBTS PLAN CRITICISED
[21-09-2016] A proposal to use State funds to settle commercial banks' bad debts, as stated in the draft plan on economic restructuring for the 2016-2020 period, has been met with a cold shoulder. Under the plan drafted by the Ministry of Planning and Investment, the feasibility of the proposal is to be studied by the Ministry of Finance and State Bank of Viet Nam.
GOV'T URGED TO INSTALL TECHNICAL BARRIERS TO FILTER FDI PROJECTS
[21-09-2016] Consultants and experts have recommended that Vietnam take measures to prevent foreign-invested projects from using outdated technologies, causing pollution and consuming national resources. Nguyen Mai, chair of the Vietnam Association of Foreign Invested Enterprises (VAFIE), said Vietnam should stop licensing projects in three business fields.
STATE BANK STEPS IN TO REDUCE LENDING RATES
[19-09-2016] The State Bank of Vietnam (SBV) has made further efforts to reduce lending rates and strengthen support for businesses. According to SBV Deputy Governor Nguyen Thi Hong, maintaining interest rates stability is seen as a difficult task, given forecast for higher inflation.
VIETNAM TARIFFS FOR ASEAN IMPORTS GO INTO EFFECT
[19-09-2016] Vietnam’s new import tariff, part of the ASEAN Trade in Goods Agreement (ATIGA) for 2016-18, has come into force. Decree No 129/2016/ND-CP, which was issued on September 1 and took effect the same day, states that the tariff is to be applied to goods directly transported from exporting countries into Vietnam.
PM MEETS CHIEF EXECUTIVE OF HONG KONG SPECIAL ADMINISTRATIVE REGION
[16-09-2016] PM Nguyen Xuan Phuc suggested expanding bilateral economic, trade and investment ties during a meeting with Chief Executive of the Hong Kong Special Administrative Region Leung Chun-ying in Hong Kong on September 15.
PRESENTATIONS OF HSBC ANNUAL BUSINESS LUNCHEON "STEP INTO THE FUTURE" SEP. 2016
[15-09-2016] If you have missed the HSBC Annual Business Luncheon “Step into the Future” - Vietnam's economic prospects: Every cloud has a silver lining! in HCMC on Sept. 13, 2016 and Hanoi on Sep. 14, 2016.
VIETNAM'S FIRST CHARTER AIRLINE TO FLY IN 2017
[14-09-2016] According to a source of VIR, Civil Aviation Authority of Vietnam (CAAV) has finished reviewing the dossier that Vietstar One-member Co., Ltd. earlier submitted to gain a license to provide air transport services.
VNAT: FOREIGNERS CAN MANAGE TOURISM DEVELOPMENT FUND
[13-09-2016] Individuals, firms, tourism associations and financial institutions at home and abroad will have the opportunity to manage a tourism development assistance fund planned to be established in September, according to the Vietnam National Administration of Tourism (VNAT).
