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Vietnam: Trimmed interest rates might affect NIMs: experts

Commercial banks which have cut interest rates for short-term lending following the State Bank of Vietnam’s cue might suffer a further decline in the net interest margin (NIM), experts said. On July 7, the State Bank of Vietnam decided to cut the annual maximum refinancing interest rate, rediscount interest rate and overnight interest rate applied to electronic inter-bank payments. It also cut […]

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Vietnam: Mobile operators compete to reduce roaming rates

HANOI — Vietnamese mobile service operators are racing to reduce the charges for roaming services after the Ministry of Information and Communications allowed mobile operators to negotiate with foreign partners about international roaming services since June 1. Military-run telecom group Viettel announced that all its pre-paid and post-paid subscribers would be offered preferential international data […]

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Vietnam to promote high-quality rice

HANOI – Vietnam has outlined plans to boost revenues from rice exports over the next decade by focusing on a higher quality product and selling more outside Asia. The world’s third-biggest rice producer wants to boost production of higher-quality 5% and 10% broken rice and decrease output of 15% broken rice, according to a paper […]

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Vietnam: Hanoi to ban motorbikes by 2030

HANOI (AFP) – Officials in Vietnam’s traffic-choked capital Hanoi vowed yesterday to banish motorbikes by 2030 to ease environment and congestion woes, a decision that swiftly divided a city where two-wheelers are the main means of transportation. Hanoi is famed for legions of motorbikes – sometimes stacked with entire families or overloaded with deliveries – […]

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