Business News

[21-11-2016] Digital banking has assumed crucial importance in the development of Viet Nam’s banking system, Dao Minh Tu, deputy governor of the State Bank of Viet Nam (SBV) stressed at a recent conference. The conference themed “Digital bank - the future of banking?” was held in Ha Noi last week.

[14-11-2016] A flexible monetary policy supported stability in Viet Nam’s financial market and fostered economic growth this year, a National Financial Supervisory Commission (NFSC) official said in Ha Noi last week.

[15-11-2016] The interest rates on medium- and long-term loans to the property sector have recently increased by 1-1.5 percentage points. The banks’ move is in response to the State Bank of Việt Nam (SBV)’s warning that they should exercise caution, particularly while lending to the high-end property segment, to head off a possible bubble.

[21-10-2016] The Government’s Decree No. 137/2016/ND-CP on Vietnam’s preferential import tariff nomenclature has been issued to implement the Free Trade Agreement (FTA) between Vietnam and the Eurasian Economic Union (EAEU) and member countries for 2016-2018.

[20-10-2016] Pham Dinh Thi, director of Ministry of Finance's Tax Policy Department, said the tax reduction plan was part of a Government draft resolution on clearing obstacles to boost the development of enterprises, which would be tabled during the NA's second session that starts on October 20.

[18-10-2016] Banks in HCMC reported high growth in lending and borrowing in the first nine months of the year, according to the HCMC branch of the State Bank of Vietnam (SBV). Deposits at banks amounted to more than VND1,740,000 billion, up 11.37% against the same period last year, whilst outstanding loans reached VND1,390,000 billion, a year-on-year increase of 13.26%. These are the highest January-September growth rates in recent years.