Landscape to shift through draft proposals for Law on Enterprises

Landscape to shift through draft proposals for Law on Enterprises

Under the current Law on Enterprises, all payments for capital transfer transactions as well as the receipt of dividends by foreign investors must be made through capital accounts opened by the investors at banks in Vietnam, except for payment by assets. As it stands, this regulation is not aligned with the latest foreign exchange regulations issued by the State Bank of Vietnam in June 2019, which allow for direct payments between two offshore investors.
Commercial banks cut down deposit rates

Commercial banks cut down deposit rates

Commercial banks continued to cut deposit rates on September 19 after the State bank revised down benchmark rates.
Banks optimistic about growth rate this year

Banks optimistic about growth rate this year

The banking sector is optimistic about its growth prospect in 2018 as all of surveyed banks expects the growth rate to be more than 10 per cent.
Central bank raises reference exchange rate

Central bank raises reference exchange rate

State Bank of Viet Nam on April 18 raised the daily reference exchange rate by five Vietnamese dong from the previous day, setting it at VND22,482 per US dollar.
Reference exchange rate down on week’s beginning

Reference exchange rate down on week’s beginning

The State Bank of Viet Nam set the daily reference exchange rate at 22,487 VND/USD on the first day of the week (April 16), down 5 VND from the last day of previous week (April 13).
SCB to improve financial heath

SCB to improve financial heath

Saigon Commercial Bank, one year after the merge, now has better liquidity and improved payment ability, statement from State Bank released last week.
Stable exchange rates key

Stable exchange rates key

Banking authorities are working hard to make sure the foreign currency market runs smoothly.
Opening door to property credit

Opening door to property credit

Muscling up credit for the under fire property sector remains a curly question.
Domestic gold soars past global prices

Domestic gold soars past global prices

The gap between global and domestic gold prices reached a record VND5.5 million ($264) per tael last week, prompting measures to resolve the situation in order to protect the macro-economy.
The gold market in black and white

The gold market in black and white

Senior economist Nguyen Minh Phong examines the bullion market after recent gold bar transaction moves and suggests ways to ensure a stable market.
A golden bullion trend

A golden bullion trend

The bullion market has been fairly stable two weeks after gold bar transactions were restricted only to licenced businesses under Decree 24/2012/ND-CP. State Bank Ho Chi Minh City branch office deputy director Nguyen Hoang Minh shines further light on the issue.
Stronger hand set to control NPLs

Stronger hand set to control NPLs

The State Bank last week released a new circular stipulating stricter requirements on the classification of non-performing loans.
MBBank hunts high credit growth

MBBank hunts high credit growth

Military Bank has just reported high 2012 credit growth.
Gov’t announces solutions for socio-economic development in 2013

Gov’t announces solutions for socio-economic development in 2013 2

The Government has just issued its first resolution in 2013 defining major solutions to realize the socio-economic development and budget estimate plan for 2013.
Interest rates adjusted down

Interest rates adjusted down

The State Bank late last week cut down its base and benchmark interest rates, allowing commercial banks to further slash lending rates this week.
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