SBV overhasty in loosening monetary policy?

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VietnamNet English 2 day(s) ago

SBV overhasty in loosening monetary policy?

VietNamNet Bridge – The State Bank of Vietnam (SBV) has been warned against the hastiness in regulating the money policy. Vietnam would have to pay a heavy price for the decision to slash interest rates at unreasonable moments.

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Government proposes VAT deductions for social housing transactions

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Báo Dân Trí English 4 day(s) ago

Government proposes VAT deductions for social housing transactions

The government has proposed the National Assembly slash VAT by 50% for social housing transaction contracts in an effort to help warm up the domestic property market.

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HCM City hotels slash room rates

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VietNam News English 1 week(s) ago

With the number of international tourists declining for the three straight months, many hotels in HCM City are cutting room rates.

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Import-export companies seeking to force dollar interest rates down

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VietnamNet English 1 week(s) ago 1 related news

Import-export companies seeking to force dollar interest rates down

VietNamNet Bridge – Importers and exporters have urged the State Bank of Vietnam to slash the dollar interest rates further to 5 percent per annum. A senior executive of the central bank once promised to find the way to force the rates to 4-5 percent.

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Businesses put pressure on central bank to delay bad debt classification

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VietnamNet English 2 week(s) ago 2 related news

Businesses put pressure on central bank to delay bad debt classification

VietNamNet Bridge – The lending interest rates are on the decrease, which is hoped to help businesses more easily access bank loans. However, the efforts by the banks to slash interest rates would be useless if the bad debts suddenly increase.

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Two more banks cut deposit rates

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SaigonTimes English 2 week(s) ago 4 related news

HCMC – BIDV and VietinBank reduced their deposit rates on Thursday after Vietcombank had officially brought down its deposit rates on Monday, signaling lending rate cuts in the coming days.

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Tax cuts proposed to boost tourism sector

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VietNam News English 2 week(s) ago 1 duplicate news

Tax cuts proposed to boost tourism sector

The Ministry of Culture, Sports and Tourism has sought Government approval to slash both the value added tax and corporate income tax by half for the tourism and service industry sectors.

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Breakfast @ Tuoitrenews – May 9

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Báo Tuổi Trẻ English 2 week(s) ago

Politics

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Interest rates going down and will decrease more sharply

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VietnamNet English 2 week(s) ago 2 related news

Interest rates going down and will decrease more sharply

VietNamNet Bridge – Vietcombank, one of the biggest commercial banks in Vietnam, has pioneered in slashing the deposit interest rate to 6 percent per annum. Other banks have unanimously reduced the lending interest rates.

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Vietnam gov’t should cut taxes to boost tourism: ministry

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Báo Thanh Niên English 2 week(s) ago

The Ministry of Culture, Sports and Tourism has sought government approval to slash both the value added tax and corporate income taxes in half for the tourism and service industry sectors to stimulate tourism.

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Fertiliser measures expected to inspire sector growth

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VietNam News English 3 week(s) ago

The quality and price of fertilisers will be controlled under a new decree being drafted by the Ministry of Industry and Trade (MoIT).

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Petrol price continues to slide

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SaiGon GP English 1 month(s) ago

Petrol price continues to slide

After a fall in world price of petrol, the Ministry of Finance asked businesses to cut retail petrol prices by VND310 a liter on April 26.

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Vietnam corporate tax down to 22 pct next year

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Báo Thanh Niên English 1 month(s) ago 1 related news

The Ministry of Finance Tuesday announced a plan to slash corporate income tax to 22 percent from the current 25 percent starting next year.

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Paradox of growth

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SaigonTimes English 1 month(s) ago

Between a big allowance for unemployment and a well-paid job for the long term, it is apparently wiser to opt for the latter, and most people will not find the situation of these two options a paradox or a dilemma, except for those nearsighted minds. The situation when amplified to the national scale, however, has stirred up heated controversies these days when it comes to whether to slash the corporate income tax. As covered in local media, officials are at...

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SBV to slash interest rates further to make loans approachable to businesses

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VietnamNet English 1 month(s) ago

SBV to slash interest rates further to make loans approachable to businesses

VietNamNet Bridge – Despite the successive interest rate reductions, the interest rates in Vietnam are still the highest in the region.

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