Tuesday, April 1, 2014
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.
Wednesday, March 19, 2014
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.
Tuesday, March 11, 2014
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.
Tuesday, February 18, 2014
Vietnam's revised bidding law, which took effect in January, prioritizes local bidders, made-in-Vietnam products, human resources development, and job creation.
Monday, December 30, 2013
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.
Monday, November 11, 2013
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.
Tuesday, September 24, 2013
Monday, September 23, 2013
Trade fraud is an increasing problem for Vietnam's gas industry, said Tran Trong Huu, deputy general secretary of the Vietnam Gas Association, at an online discussion in Ha Noi last week. Market watch teams dealt with 400 gas trading violations in the first eight months of the year, confiscating over 15,000 gas tanks and collecting penalties that totaled 2 billion dong (US$95,200). Many enterprises used fake gas tanks to pump gas themselves from remote areas, said Do Thanh Lam, deputy head of the ministry's Market Management Department.
Monday, September 16, 2013
Rice exports for September is estimated at about 650,000 metric tons, bringing the third quarter's total to 1.84 million metric tons, 230,000 metric tons less than planned.