Business News

[21-03-2016] As the process of restructuring the banking sector is coming to an end, with the number of banks expected to decrease to 15, according to the State Bank of Vietnam (SBV)’s plans, monetary institutions with bad business results and increasing bad debts to restructure are going to see a lot of changes in high personnel.

[18-03-2016] The Central Committee of the Vietnam Fatherland Front (VFF), the Ministry of Finance (MoF) and the Vietnam Chamber of Commerce and Industry (VCCI) recently held a meeting to review the programme of monitoring the business environment and national competitiveness improvement in tax and customs sectors in 2015 and reveal monitoring plans for 2016.

[17-03-2016] Whether Vietnam will squeeze its credit valve for the real estate market or not is the biggest question of real estate investors after the draft revision of Circular 36 of the State Bank of Vietnam (SBV) was announced.

[17-03-2016] The Ministry of Finance has asked local tax authorities to refund value-added tax (VAT) to enterprises if the amount of tax they default on is less than the amount of tax refund that they will receive. The ministry’s decision is in response to complaints about tax refund delays caused by tax agencies, which causes shortage in businesses capital sources.

[18-03-2016] Condotels in Phu Quoc are becoming increasingly attractive to foreign investors because of their location in one of the hottest tourism destinations of Vietnam as well as the prestigious developers behind them.

[17-03-2016] The good impact of the Trans-Pacific Partnership is going to spill over to stocks of companies in other industries, not just stocks of companies in direct beneficiary sectors such as textiles, footwear and fisheries.

[17-03-2016] Viet Nam expects that the International Monetary Fund (IMF) will assist Viet Nam in seeking  preferential loans to serve the national sustainable economic development process, said State President Truong Tan Sang at his reception for IMF Managing Director Christine Lagarde on March 16.

[16-03-2016]Prime Minister Nguyễn Tấn Dũng has approved the portfolio of a project funded by a United Nations body on development policies and strategies for the industrial sector through capacity building.