CREDIT GROWTH QUOTA POLICY NEEDS TO ENSURE SAFETY OF BANKING SYSTEM
The State Bank of Vietnam (SBV) this year removed the credit growth quota for foreign banks, but the policy remains for Vietnamese banks, due to concer…
CREDIT INSTITUTIONS URGED TO CUT LENDING RATES BY 1-2%
The State Bank of Viet Nam (SBV) asked all credit institutions including foreign bank branches to reduce lending annual interest rate by 1-2 percent in a bid…
TRANSFERS OF OVER VNĐ10 MILLION WILL REQUIRE BIOMETRIC AUTHENTICATION STARTING JULY 1ST
Biometric security, which will be matched to data stored in the national ID database, is already required to transfer more than VNĐ20 million a day, regardl…
SBV SEEKS TO EXTEND DEBT RESTRUCTURING TO SUPPORT ECONOMIC RECOVERY
On May 15, the SBV announced it is seeking feedback on a draft amendment to Circular 02/2023/TT-NHNN, which is designed to help mitigate the rise in no…
MULTINATIONALS KEEN TO THRASH OUT GLOBAL TAX ARRANGEMENTS
“Samsung has been aware of the GMT since its early days, and is eager to gain insights into the Vietnamese government’s support for businesses in line wit…
TAX AND FEE SUPPORT HINGES ON MPI PROPOSAL APPROVAL
“Business and production activities of enterprises remain in big difficulties. Domestic purchasing power has reduced and people are tightening their belts,” t…
DEPOSIT INTEREST RATES FORECAST TO HIT BOTTOM IN Q1 2024
In a macro report released last week, analysts of the MB Securities Company (MBS) believe that in the context of more positive growth of export and invest…
BAO MINH INSURANCE TEAM UP WITH TECHNOLOGY PARTNER HILLRIDGE TO OFFER INSURANCE FOR FARMERS
Australian insurtech firm Hillridge launched a new partnership with Bao Minh Insurance on March 7 that offers its new Typhoon Index Insurance product, a V…
