The Hanoitimes – The Vietnamese banking authority may have to sell more foreign currency if the US dollar keeps appreciating. The State Bank of Vietnam (SBV), the country’s central bank, has sold US$2.5 billion in foreign currency to commercial banks since mid-July and may make further intervention in the time to come, in a bid to […]
Read MoreThe Hanoitimes – If the approval is granted, this would be the first time Vietnam, a net importer of fuels, has allowed oil product exports produced domestically, according to Reuters. Vietnam’s Nghi Son oil refinery is seeking approval to export oil products as high inventories and pre-existing import contracts have limited domestic fuel demand, Reuters reported. […]
Read MoreThe Hanoitimes – Consumer finance has ample room for growth in Vietnam, however, it is necessary to improve the policy framework to make the sector more attractive to foreign investors, experts said. According to the National Financial Supervisory Commission, consumer lending in Vietnam surged sharply by 65 percent in 2017 compared to 50.2 percent in 2016. […]
Read MoreHuman resource development, tourism, and agriculture have been approved as main sectors of cooperation among the countries in the Mekong Basin and India. This was the outcome of the 9th Mekong-Ganga Cooperation Ministerial Meeting held in Singapore on August 2, which was attended by Laos’ Minister of Foreign Affairs Mr Saleumxay Kommasith. At the meeting […]
Read MoreThe Hanoitimes – The focus is on amending and removing a regulation on setting conditions for granting permits for the establishment and operation of joint stock commercial banks. The State Bank of Vietnam (SBV), the country’s central bank, has disclosed a draft circular simplifying administrative procedures and business conditions in the banking system at the government’s […]
Read Morehe Hanoitimes – Two major projects in the West will be put into operation namely Discovery Complex FLC Twin Tower this year, supplying a combined 40,700 square meters. The average asking rent of retail space in Hanoi in the second quarter this year slid by a marginal 2.0% quarter-on-quarter (qoq) and 0.3% year-on-year (yoy), mainly due […]
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