EU's Juncker survives no-confidence vote over tax deals

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Báo Thanh Niên English 1 day(s) ago

EU's Juncker survives no-confidence vote over tax deals

The European Commission's new president, Jean-Claude Juncker, comfortably survived a no-confidence vote on Thursday brought over news that Luxembourg had lured multinational businesses with super low tax rates during his period as prime minister.

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Transport fees reduce in three big cities

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SaiGon GP English 3 day(s) ago

Transport fees reduce in three big cities

The Ministry of Finance on Tuesday announced that transport companies have cut fares and freights in Hanoi, Ho Chi Minh City and Da Nang after conducting an inspection over transport fee management in these cities.

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Forex fluctuations normal: experts

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VietNam News English 4 day(s) ago

Experts predicted more fluctuations in foreign exchange rates from now till year-end because of higher domestic demand and clarified that this was normal.

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Central bank seen fueling old China as banks hold key to policy success

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Báo Thanh Niên English 5 day(s) ago

Central bank seen fueling old China as banks hold key to policy success

China’s central bank said its surprise move to cut interest rates for the first time since 2012 is designed to help small firms and protect depositors instead of all-out monetary easing. How the nation’s lenders respond will determine if it works out that way.

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China ready to cut rates again on fears of deflation: sources

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Báo Thanh Niên English 6 day(s) ago

China ready to cut rates again on fears of deflation: sources

China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making.

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Homebuyers given assistance

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VietnamPlus English 6 day(s) ago

Homebuyers given assistance

Individuals purchasing commercial houses worth 1.05 billion VND (50,000 USD) or less in urban projects that authorities have approved are entitled to financial assistance from the national real estate bailout programme.

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China’s PBOC cuts interest rates for first time since 2012

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Báo Thanh Niên English 1 week(s) ago

China’s PBOC cuts interest rates for first time since 2012

China cut benchmark interest rates for the first time since July 2012 as leaders step up support for the world’s second-largest economy, sending global shares, oil and metals prices higher.

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Online shopping demand rising rapidly in smaller cities

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VietnamNet English 1 week(s) ago

Online shopping demand rising rapidly in smaller cities

VietNamNet Bridge – Online goods distributors have noted that the highest revenue growth rates do not come from Hanoi and HCM City, but from smaller cities and provinces.

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70 percent of SMEs cannot access bank loans

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VietnamPlus English 1 week(s) ago 1 related news

70 percent of SMEs cannot access bank loans

Only 30 percent of small- and medium-sized enterprises (SMEs) in Vietnam have access to bank loans, while the rest rely on their own capital or loans from other sources at high interest rates, according to K. Balasingam, General Director of the Institute of Manpower, Banking and Finance (BITC).

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SMEs still unable to access bank loans

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VietNam News English 1 week(s) ago 1 related news

SMEs still unable to access bank loans

Only 30 per cent of small- and medium-sized enterprises (SMEs) have access to bank loans while the rest have to use their own capital or borrow from other sources at high interest rates.

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Vietnamese bonds decline following increase in interbank rates

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Báo Thanh Niên English 1 week(s) ago

Vietnamese bonds decline following increase in interbank rates

Vietnam’s sovereign bonds fell, pushing the five-year yield to the highest in almost two months, as interbank interest rates surged.

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Transport association prompts businesses to cut freight rate

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SaiGon GP English 1 week(s) ago

Ho Chi Minh City Cargo Transport Association yesterday sent a document to transport companies, asking them to lower freight rates as petrol prices have reduced the ninth consecutive time.

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Businesses prefer corporate bonds to bank loans

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VietnamNet English 2 week(s) ago

Businesses prefer corporate bonds to bank loans

VietNamNet Bridge – Tens of trillions of dong worth of corporate bonds have been issued recently by enterprises, mostly real estate development firms.

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Freight rate to fall 5-7 percent

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SaiGon GP English 2 week(s) ago

Freight rate to fall 5-7 percent

Freight rate might be reduced 5-7 percent as petrol prices have fallen down from 12 to 16 percent over the beginning of this year, said the Ministry of Transport at a meeting on measures to lower the freight on November 13.

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Bitcoin is a payment system, not an investment: Woo

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Báo Thanh Niên English 2 week(s) ago

David Woo, global rates head at Bank of America Merrill Lynch, discusses the volatility of Bitcoin and why he views it as a payment system and not something to invest in. He speaks on “Bloomberg Surveillance.”

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