Business News

[12-01-2016] Prime Minister Nguyen Tan Dung recently signed a decision to allocate socioeconomic development tasks and plans to eight ministries, namely the Ministry of Planning and Investment, the Ministry of Finance, the Ministry of Public Security, the Ministry of National Defence, the Ministry of Agriculture and Rural Development, the Ministry of Industry and Trade, the Ministry of Health, and the Ministry of Labour, Invalids and Social Affairs.

[12-01-2016] Industrial production and trade performance were boosted to achieve positive results in 2015, according to the review report by the Ministry of Industry and Trade.

[12-01-2016] The Vietnamese government need to work together with private sector importers, exporters and transport companies to improve freight logistics if the Southeast Asian country is to maintain its current rate of growth, according to the World Bank report released last week.

[07-01-2016] The Ministry of Planning and Investment last week introduced the long-awaited official list of investment conditions that apply to foreign investors. The investor community can now put their minds at ease following the Ministry of Planning and Investment’s (MPI) announcement.

[06-01-2016] 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. Under Circular 30/2015/TT-NHNN recently issued by the State Bank of Viet Nam, these institutions also have to operate profitably for three consecutive financial years prior to the year they file for licensing.

[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.

[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.

[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.