Business News

[30-03-2016] Some commercial banks have recently taken international loans to meet their long-term capital demands. Sài Gòn ThÆ°Æ¡ng Tín Commercial Bank (Sacombank) has inked a contract to borrow US$50 million from Cathay United Bank to secure capital for the provision of medium and long-term loans.

[28-03-2016] The National Assembly (NA) on March 21 gave the nod to a Government proposal to downsize industrial zones (IZs), economic zones (EZs) and some infrastructure projects from now to 2020.

[28-03-2016] The Trans Pacific Partnership (TPP), which was concluded in early February, will bring opportunities to Vietnam's businesses, especially those in the textile, garment and footwear sectors, but also barriers that they need to navigate to benefit, experts have said.

[28-03-2016] As the season of annual shareholders’ meetings is coming, banks’ shareholders are looking forward to more mergers and acquisitions in the sector.  It is likely that many mergers and acquisitions (M&As) will be announced in April. The most likely targets are banks with overlapping ownerships , small or financially weak financial institutions, and those that have seen their bad debts ratio rising in the past years.

[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.