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January, 19, 2017

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Business > Asia > Vietnam
Women with certified financial backgrounds should find it easier to win positions on the boards of big corporations, a recent seminar held by the Association of Chartered Certified Accountants (ACCA) was told in Hanoi.
 
The State Bank of Vietnam has lowered the interest rate on short-term deposits (one to six months) from 7 percent to 6 percent annually, a move that would normally result in lower rates for loans from commercial banks. But banks are still concerned about customers' deposit needs and question whether they will apply for business loans.
 
Vietnam's central bank on Tuesday cut its key interest rates for the first time in nearly a year in an attempt to kick-start the nation's sluggish economy.
 
Vietnam earned US$3.3 billion from exports of mobile handsets and spare parts in the first two months of 2014, posting a year-on-year increase of 22.9 percent.
 
Vietnam's revised bidding law, which took effect in January, prioritizes local bidders, made-in-Vietnam products, human resources development, and job creation.
 
The middle and affluent class (MAC) in Vietnam will double in size between now and 2020, from 12 million to 33 million consumers, a survey by the Boston Consulting Group (BSG) has found.
 
Up to 83 percent of Vietnamese enterprises consider cloud computing a top priority and 67 percent said cloud computing made a great impact on business transformation.
 
The United States and Vietnam on Thursday signed a pact that would allow the transfer of nuclear technology to the Southeast Asian nation and open the way for U.S. investment in the burgeoning industry, in another sign that Washington is seeking stronger economic and strategic ties in the region.
 
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