Business News

[23-02-2016] The Consumer Price Index (CPI) in the two major cities showed a slight increase in February due to the high demand for goods during Tet holidays, according to statistic offices. Ha Noi Statistics Office reported yesterday that the CPI for Ha Noi in February rose by 0.47 per cent against the previous month and 1.73 per cent year-on-year.

[22-02-2016] Up to 91.1% of processing and manufacturing enterprises were upbeat about economic prospect with higher contracts, according to the General Statistics Office (GSO). The GSO recently released a report on business trend of processing and manufacturing enterprises.

[22-02-2016] Circular No. 59/2015/TT-BLDTBXH, dated December 29, 2015, details and provides guidance on the implementation of provisions of the Social Insurance Law on Compulsory Social Insurance, which contains numerous new regulations regarding sickness and the maternity regime.

[23-02-2016] The Summary of Annual Vietnam Business Forum (VBF) taking place on December 1st 2015 in Hanoi under the co-chairing of H.E. Bui Quang Vinh, Minister of Planning and Investment; Mrs. Victoria Kwakwa, Country Director of the World Bank in Vietnam; Mr. Kyle F. Kelhofer, Regional Manager of International Finance Corporation (IFC); Ms. Virginia B. Foote, Co-Chairman of VBF Consortium. H.E. Vu Van Ninh, Vice Prime Minister attended and steered at the Forum.

[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.

[16-02-2016] Loans pouring into the real estate sector are expected to be tightened given that the sector is said to be experiencing robust growth. In a draft document issued by the State Bank of Viet Nam circulated for the opinion of financial institutions, the risk index of receivable lending for real estate and securities might be raised from 150 per cent (the lowest level) as stipulated in Circular No 36, to 250 per cent.

[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.

[13-02-2016] US capital continues flowing into Vietnam in anticipation of the opportunities to be brought by TPP (Trans Pacific Partnership) and other free trade agreements (FTAs). Just after six months after opening, a bonded warehouse in Long Binh Industrial Zone in Dong Nai province is at full capacity. It supplies dyes and chemicals, and is run by Huntsman Textile Effects.