Local banks recovering from a long slump

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Báo Đầu Tư English 3 month(s) ago

Since the beginning of this year the shares of many banks have appreciated significantly, with the increases ranging from 8 per cent to even 80 per cent.

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Ocean Bank finds new foreign owner

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Báo Đầu Tư English 3 month(s) ago

A source of VIR revealed that the zero VND Ocean Commercial Joint Stock Bank (Ocean Bank) has been sold to a foreign bank in Asia.

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Experts call to raise USD deposit rate

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Báo Đầu Tư English 3 month(s) ago

The policy of zero interest rate on USD deposits is showing some shortcomings and the State Bank of Vietnam (SBV) may need to increase it, especially in light of certain pressures on the VND/USD exchange rate.

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‘Viet Kieu’ basketball players find opportunity in homeland championship

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Báo Tuổi Trẻ English 3 month(s) ago

The recent establishment of a professional basketball league in Vietnam has provided the opportunity for Vietnamese players based overseas to feed their passion for the sport in their home country.

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Shop offers free clothes to people in need in southern Vietnam

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Báo Tuổi Trẻ English 4 month(s) ago

A woman from An Giang Province, located in Vietnam’s Mekong Delta, has been running a shop that offers free-of-charge clothes to the disadvantaged.

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Vietnam’s fuel association calls for tax hikes as zero import duty nears

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Báo Tuổi Trẻ English 4 month(s) ago

The Vietnam Petroleum Association has proposed various measures, including increasing several domestic taxes, to help protect the petroleum sector once import duties on fuel products are gradually reduced to zero.

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Secret weapons in exchange rate operations

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Báo Đầu Tư English 4 month(s) ago

The secret and most important weapons for the State Bank of Vietnam (SBV) to operate the exchange rate are the foreign currency trading volumes and the daily average exchange rate.

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New Schneider Electric plant reflects firm’s global concept

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Báo Đầu Tư English 5 month(s) ago

After 24 years in Vietnam, Schneider Electric has given the country a vote of confidence with its new manufacturing plant located in Saigon Hi-Tech Park in Ho Chi Minh City. Yoon Young Kim, country president of Schneider Electric for Vietnam, Myanmar, and Cambodia, spoke with VIR’s Thanh Van about the importance of the new plant and how the company will leverage its latest investments to accelerate operations in Vietnam.

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"VND0 tours" for Chinese travelers: how to stop them

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Báo Đầu Tư English 5 month(s) ago

A lot of shops which sell products at exorbitant prices to Chinese tourists under "zero-dong tours" have been forced to shut down.

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SBV to stop acquiring weak banks at zero Dong

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Báo Dân Trí English 5 month(s) ago 1 related news

The State Bank of Vietnam (SBV) will stop the acquisition of poor-performing commercial banks at zero Dong as it did previously.

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SBV to stop acquiring weak banks at zero đồng

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Báo Đầu Tư English 5 month(s) ago 1 related news

The State Bank of Việt Nam (SBV) will stop the acquisition of poor-performing commercial banks at zero đồng as it did previously.

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Prime minister orders crackdown on 'zero dollar' Chinese tours

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Báo Dân Trí English 5 month(s) ago

Prime Minister Nguyen Xuan Phuc ordered the Ministry of Culture, Sports and Tourism to tighten management over cheap holidays for Chinese tourists.

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Obstacles in HIV/AIDS prevention should be removed: Experts

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Báo Dân Trí English 6 month(s) ago

Localities are facing difficulties in implementing policies and legal documents in HIV/AIDS, drugs, and prostitution prevention, heard a workshop in Ho Chi Minh City on March 31.

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SBV should offer failing banks to foreign investors

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Báo Đầu Tư English 6 month(s) ago

The vigorous restructuring of “zero VND” banks whose capital is believed to have fallen far below the minimum requirement of VND3 trillion ($140.6 million) is the main goal of the banking system this year. Dr Tran Du Lich, a financial and economic specialist, told VIR’s Thuy Vinh that buying out “zero VND” banks is only a temporary solution. It is time for the State Bank of Vietnam (SBV) to stop interfering with the restructuring of “zero VND” banks.

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Government mulls safeguards to protect domestic carmakers

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Báo Đầu Tư English 6 month(s) ago

Deputy Prime Minister Trinh Dinh Dung has asked the Ministry of Industry and Trade (MoIT) and relevant agencies to study the possibility of applying safeguards to protect the domestic automobile manufacturing industry from looming zero-tariff car imports.

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