banks gaze into the crystal ball

Banks gaze into the crystal ball

Vietnam might miss the boat to WTO membership this year, but accession will happen, there is no doubt. While this global institution directly deals with matters of global trade, and foremost with free trade affairs, everyone understands that strategic issues in relation to capital and money markets would certainly be part of the game.

Exports eat away nation’s rice stocks

Vietnam may face a shortage of rice as heavy export demands and poor weather have hit stocks hard.

Foreign auto makers drive into Vietnam

The government has given the green light to Vietnam Manufacturing and Export Processing Co., Ltd (VMEP) to begin manufacturing automobiles, making it the third foreign-invested firm to receive permission to do so this year.

Income tax hike looms for foreign contract workers

Foreign contractors conducting business in Vietnam or with income generated in Vietnam may pay higher taxes if a circular is approved by the government.
msb modernised and faster

MSB modernised and faster

THE Vietnam Maritime Commercial Stock Bank has launched a modern payment system whereby all branches nationwide will provide, real time payments.

Government gets cold feet over international bond issue

VIETNAM may suspend its plan to issue government bonds on international financial markets, despite the high level of interest from foreign investors.“Now is not the right time for the bond issue,” Deputy Prime Minister Nguyen Tan Dung said. “But we haven’t decided for sure if we will call it off altogether.”