MONETARY MARKET EXPERIENCING TOUGH DAYS
[06-01-2016] The monetary market on the last days of the year was hot, with the interbank interest rate reaching the year’s peak and the dollar price hitting the ceiling. The watchdog agency had to pump a large amount of money into circulation.
VN€™S ECONOMY IN 2016 €“ YEAR OF INTEGRATION
[06-01-2016] A string of Free Trade Agreements (FTAs) made ‘bumper’ debut in 2015, creating a solid foundation for 2016 which is so-called the year of economic integration.
BANKING RESTRUCTURING NEEDS A PUSH
[05-01-2016] 2015 is the last year of implementing the restructuring project of credit institutions of Vietnam in the period of 2011-2015 in accordance with Decision 254/QD-TTg of the Prime Minister (Project 254). The results of the project will certainly significantly affect the economic development of Vietnam in the long term.
NEW RULES LAID OUT FOR FOREIGN FINANCIERS
[05-01-2016] Foreign credit institutions intending to contribute to establishing non-banking financial companies will be required to have a minimum US $10 billion of assets at the end of the previous year as of February 8.
BILLION-DOLLAR FDI HIGHLIGHTS OF 2015
[05-01-2016] Vietnam set a record in attracting foreign direct investment capital in 2015, with a total sum of newly registered and expanded capital of $22.75 billion. Among these, there are four billion-dollar projects exceptionally worthy of attention.
NEW RULES WITH EFFECT FROM 2016
[05-01-2016] New laws and regulations on special consumption tax, supporting industries development, compulsory social insurance, region-based minimum wages and multidimensional poverty index take effect from January.
SBV DRAFTING POLICY TO HELP LOCAL INDUSTRIES ACCESS LOANS
[05-01-2016] State Bank of Viet Nam (SBV) is drafting a circular guiding credit policy to make it easier for local supporting industries to access loans and make them more competitive during integration. The Decree No 111/2015/ND-CP released in November, with regard to the development of support industries states that they can access assistance, funds, and other sources for research, development, and training.
HA NOI TO ATTRACT INVESTMENT
[05-01-2016] This year, Ha Noi will see breakthroughs in attracting investment capital, according to deputy director of the municipal Department of Planning and Investment Tran Ngoc Nam. In 2015, Ha Noi saw significant improvements in its investment and business environments.
