VIETNAM TENDERS DAILY- SEPTEMBER 05, 2022
1. Casing pipe rack assembly supply
2. Steel , mechanical detail supply
3. Security camera system supply
4. Smart radio system supply
5. Gas pressure meter supply
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JAN-AUG STATE BUDGET REVENUE NEARS FULL-YEAR TARGET
State budget revenue totaled over VND1,200 trillion between January and August, meeting over 85% of the full-year target and growing by 19.4% year-on-year, according to a recent report issued by the Ministry of Finance.
Of the total, domestic revenue accounted for VND954 trillion, reaching 81.1% of this year’s target and rising by 16% year-on-year, the local media reported.
CPI IN AUGUST RISES SLIGHTLY
Consumer prices increased due to rising input material costs. Tuition fees for the new school year in some provinces and cities rose again. However, several rounds of fuel price cuts since July have resulted in a slight increase of the CPI in August, said GSO.
M&A IN BANKING INDUSTRY EXPECTED TO STAY HIGH IN H2
According to PricewaterhouseCoopers (PwC), the financial services (FS) industry’s need for digital capabilities, combined with sustained pressure from regulators and disruption from platforms and fintechs, means M&A will continue to be a driver for transformation.
STANDARD CHARTERED EXPECTS VIETNAM’S RECOVERY TO STAY STRONG IN AUGUST
“The recovery may accelerate markedly in H2 as tourism reopens after a two-year closure. That said, rising global oil prices may have negative consequences on the economy,” said Tim Leelahaphan, economist for Thailand and Vietnam at Standard Chartered Bank.
MORE BANKS ALLOWED TO HIKE REGISTERED CAPITAL
HCM City Development Joint Stock Commercial Bank (HDBank), Kien Long Commercial Joint Stock Bank (Kienlongbank) and Nam A Bank (NAB)recently obtained permission from the State Bank of Vietnam (SBV) for hiking their registered capital.
INTELLASIA FINANCE & BUSINESS NEWS - AUGUST 30, 2022
1. Corporate bond issuance declines in the first six months
2. More Banks Allowed to Hike Registered Capital
3. Exports to the Netherlands edge up 31.6pct over seven months
4. Vietnam boosts FDI attraction in automotive industry
5. Vietnamese wood firms struggle to seek new markets
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INTELLASIA FINANCE & BUSINESS NEWS - AUGUST 29, 2022
1. Customers still wary about interest rate support package
2. Paperwork hinders rollout of credit package
3. Banking Industry Leads in Digital Transformation
4. Firm grasp of rules crucial in handling customer info
5. Rising state budget revenues point to business confidence
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