Banks, businesses sell dollars, forex market cools down

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VietnamNet English 3 day(s) ago

Banks, businesses sell dollars, forex market cools down

VietNamNet Bridge - Banks and businesses have begun selling dollars after an urgent meeting with the State Bank of Vietnam (SBV) which affirmed that it would not adjust the dong/dollar exchange rate until the end of the year, and it would sell dollars to intervene in the market when necessary.

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Vietnam needs more enterprises to improve competitiveness

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Báo Dân Trí English 6 day(s) ago

Vietnam needs more enterprises to improve competitiveness

Vietnamese business competitiveness is a major problem but economists seem to believe merely increasing the number of operating firms by at least two million will go some way to solving the problem.

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New criteria for SOE classification needed to speed up equitisation

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Báo Đầu Tư English 6 day(s) ago

New criteria for SOE classification needed to speed up equitisation

It is necessary to tweak the criteria for classification of State-owned enterprises (SOEs) to speed up their equitisation and improve their efficiency, a workshop in Ha Noi on August 28 heard.

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Textbooks teach first graders to walk on glass

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VietnamNet English 6 day(s) ago

Textbooks teach first graders to walk on glass

VietNamNet Bridge - The Education Publishing House has decided to remove the lesson on teaching students to walk on glass from the life skill textbook designed for first graders. However, the issue remains controversial.

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Agencies cannot explain $20 billion discrepancy in China-VN trade figures

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VietnamNet English 1 week(s) ago

Agencies cannot explain $20 billion discrepancy in China-VN trade figures

VietNamNet Bridge - The $20 billion gap between China’s and Vietnam’s figures about trade revenue still cannot be explained. The General Statistics Office (GSO) has proposed controlling smuggling, which it sees as a cause behind the discrepancy, while the General Department of Customs (GDC) believes it is necessary to change the statistical method.

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State Bank pledges stable exchange rate, forex market until early 2016

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Báo điện tử CP English 1 week(s) ago 5 related news

State Bank pledges stable exchange rate, forex market until early 2016

VGP - The State Bank of Viet Nam (SBV) affirmed that it would not make any more adjustments to the exchange rate and would apply all necessary measures to stabilise the exchange rate and foreign exchange (forex) market by the end of 2015 and in the early months of 2016.

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Bank M&A deals cool down near year-end

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VietnamNet English 1 week(s) ago

Bank M&A deals cool down near year-end

VietNamNet Bridge - Analysts believe Merger & Acquisition (M&A) deals will be quiet for the rest of the year, while deals under negotiation will complete necessary procedures.

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Vietnamese, European firms should bolster connections to take advantage of trade pact: expert

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Báo Tuổi Trẻ English 1 week(s) ago

Vietnamese, European firms should bolster connections to take advantage of trade pact: expert

The expected formal signing of a free trade agreement between Vietnam and the European Union (EU) will be an important step forward, but it is more necessary to strengthen business connections to bring benefits to the two sides, an expert said at a workshop in Ho Chi Minh City on Thursday.

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IMF official says 'premature' to speak of Chinese crisis

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Báo Thanh Niên English 1 week(s) ago

IMF official says 'premature' to speak of Chinese crisis

China's economic slowdown and a sharp fall in its stock market herald not a crisis but a "necessary" adjustment for the world's second biggest economy, a senior International Monetary Fund official said on Saturday.

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Vietnam does not grant overseas investment certificates to facilitate acquisition of green cards

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Báo Tuổi Trẻ English 2 week(s) ago 1 related news

Vietnam does not grant overseas investment certificates to facilitate acquisition of green cards

The Vietnamese Ministry of Planning and Investment does not grant overseas investment certificates to local investors as a necessary step for them to get green cards (permanent residence) from the U.S. administration, a senior official has said.

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VietJet Air to sell shares to public in Vietnam within 2015

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Báo Tuổi Trẻ English 2 week(s) ago

VietJet Air to sell shares to public in Vietnam within 2015

Vietnamese private airline VietJet Air (VJA) is finalizing necessary paperwork for its coming initial public offering (IPO), which is scheduled to be launched in Vietnam by the end 2015, a source from the carrier told Tuoi Tre (Youth) newspaper on Sunday.

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Vietnamese legislators discuss draft law on belief, religion

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Báo Tuổi Trẻ English 2 week(s) ago 1 related news

Vietnamese legislators discuss draft law on belief, religion

It is necessary to issue a law on belief and religion as freedom of belief and religion is among the basic rights of human, lawmakers said at a meeting of Vietnam’s National Assembly (NA) in Hanoi on Friday.

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No "forbidden zone" allowed in informing public about senior officials’ health

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VietnamNet English 2 week(s) ago

No 'forbidden zone' allowed in informing public about senior officials’ health

VietNamNet Bridge - Minister of Information and Communications Nguyen Bac Son told VietNamNet that the Party and the State leaders are public figures, and that it is normal for people to be interested in the health of State leaders. Timely reporting about leaders’ health is necessary.

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Samsung wants to be treated as a Vietnamese business

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VietnamNet English 3 week(s) ago

Samsung wants to be treated as a Vietnamese business

VietNamNet Bridge - Samsung has made a daring step by asking ministries and branches to treat it as a Vietnamese company instead of foreign-invested enterprise.

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Vietnam, US boost culture-tourism cooperation

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VietnamNet English 3 week(s) ago 2 related news

Vietnam, US boost culture-tourism cooperation

It is necessary for Vietnam and the US to enhance cooperation in culture, sports and tourism, specifically through art performances, concerts and exhibitions to increase mutual understanding and people-to-people exchanges.

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