More Vietnamese business owners seeking electronic payments to manage expenses

More Vietnamese business owners seeking electronic payments to manage expenses

Local business owners are seeking more effective management tools to control and track their company-wide expenses such as travel, entertainment and everyday procurement, while safeguarding themselves against fraudulent purchases.
31 enterprises receive licenses for trading gold bars

31 enterprises receive licenses for trading gold bars 1

The State Bank of Vietnam (SBV) has granted licenses for the trading of gold bars to 31 enterprises.
3D video wall and 84-inch ultra HD multi-touch signage headline LG's signage lineup at CES

3D video wall and 84-inch ultra HD multi-touch signage headline LG's signage lineup at CES

LG Electronics (LG) will showcase its advanced digital sign-age lineup at the 2013 International Consumer Electronics Show (CES) in Las Vegas from January 8-11, 2013.
Amata Corp driving Vietnam forward

Amata Corp driving Vietnam forward

Thailand’s leading industrial estate developer Amata Corp is developing an ambitious commercial project called Amata Commercial Complex covering nearly 20 hectares inside Dong Nai province-based Amata Industrial Park, to maintain the harmony between the industrial development and the living environment with a shopping centre and all related services.  
Cbank allocates 2012 credit growth caps for more banks

Cbank allocates 2012 credit growth caps for more banks

The State Bank of Vietnam has allocated 2012’s credit growth caps for more lenders.
Banks bid to attract fresh gold deposits

Banks bid to attract fresh gold deposits

Banks in Ho Chi Minh City are vying to increase interest rates on gold and deposits in unpopular foreign currencies, considering it as a solution to improve liquidity.
Taking sense amid gold frenzy

Taking sense amid gold frenzy

Ho Quoc Tuan, a doctoral candidate at the United Kingdom’s Manchester University, examines the best way to restore order to the local bullion market and create a balance between domestic and world market gold prices.
Ministry urges action to watch commercial agents

Ministry urges action to watch commercial agents

The activities of commercial agents have greatly expanded without any state controls, creating price fluctuations and damage to consumers.
New regulations on individual gold and foreign currency issued

New regulations on individual gold and foreign currency issued

The possession of gold bullion and purchasing of foreign currencies in cash are still legal, despite the government considering the issuance of a new decree on the trade of gold.
Small banks to feel the squeeze

Small banks to feel the squeeze

Central banks are considering applying different credit growth requirements for different commercial banks, based on their scale.
Banks hike interest rates on US dollars

Banks hike interest rates on US dollars

Some smaller commercial banks in the past week have raised the interest rates they offer on US dollar deposits by 0.9 to 1.3 percentage points to as high as 6.1 per cent per year.
Steep learning curve to walk in step with the WTO

Steep learning curve to walk in step with the WTO

“Without sufficient clarification and instructions from the Ministry of Finance or State Bank on the issue, the above requirements will be evident barriers against foreign banks trying to establish a joint venture or wholly foreign-owned bank in the coming time?”
Local businesses borrow at any costs for booming time at yearend

Local businesses borrow at any costs for booming time at yearend

Financial experts said many businesses would be willing to borrow money at the current rates as they need large sources of capital at the end of the year, which is expected to be a booming time of the local retail market.
Volatile FX rates shape up as big headache

Volatile FX rates shape up as big headache

US dollar credit repayment pressures were not the key factor creating strong exchange rate fluctuations in recent weeks.
5,000 ATMs of 22 banks connected

5,000 ATMs of 22 banks connected

Six more banks which are members of the Smartlink Card Services Joint Stock Company (Smartlink) have been connected with two member banks of the Vietnam Bank Card Company (VNBC).
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