A digital mindset for digital economy management
July 19, 2018 | 18:47
Dang Quang Vinh, deputy head of the Business Environment and Competitiveness Division at the Central Institute for Economic Management and member of the research team working on the National Strategy for Industry 4.0, highlights the importance of having suitable policies and institutions in place to enable businesses to make avail of opportunities brought about by Industry 4.0.
Banks to face up to a stark choice
November 27, 2012 | 11:02
A heavyweight piece of US banking legislation is set to land on global banks to increase tax revenue back to the US. But, are Vietnamese banks ready for this landmark move?
Fatca - a hurricane heading this way
June 25, 2012 | 12:58
The Foreign Account Tax Compliance Act (FATCA) is a complex and comprehensive set of rules set out by the US Internal Revenue Service designed specifically to limit tax evasion by US persons living abroad.
PM Dung’s New Year message
January 03, 2012 | 09:21
PM Nguyen Tan Dung has sent a New Year message emphasizing the central tasks of 2012, which include economic restructuring, growth model renovation, fast and sustainable development.
New circular to enforce independent audits
December 19, 2011 | 16:10
All credit institutions and branches of foreign banks in Vietnam will have to obey rules on independent audit beginning January 1, according to a new circular issued on December 15 by the State Bank of Vietnam (SBV).
Restructuring of banks is an urgent task for Vietnam
November 14, 2011 | 06:30
Vietnam’s banking sector is being squeezed by a perfect storm of hostile market conditions. Dr. Andreas Stoffers, board member of German Business Association Vietnam (GBA) writes that the industry must undertake urgent restructuring if it is to keep its head above troubled waters.
Foreigners to take stock of draft decree
September 05, 2011 | 09:22
A draft decree which introduces certain strict requirements and conditions for share acquisitions may raise concerns to foreign investors who are interested in buying shares in credit institutions in Vietnam, write Dang Duong Anh, executive partner and Nguyen Vu Quynh Lam, senior associate of Vilaf law firm.
Bigger slice of credit institution pie for foreign appetites
August 15, 2011 | 07:00
Foreign strategic investors are set for a breakthrough in their long desired wish to have greater stakes in Vietnamese credit institutions.
Long awaited VAT path is set to be outlined
August 08, 2011 | 08:00
Local banks’ SOS for value added tax guidance will soon be answered.
New legislation to curb outstanding new year issues
February 14, 2011 | 08:00
In 2010, Vietnam’s economy witnessed a lot of bad news, including the Vinashin scandal, the over-inflation of the local currency, the super-inflation of consumer price index (CPI), the increase in gold and US dollar prices weakening the local currency, the gloomy securities markets and proposed bond issuances from large corporations.
Steep learning curve to walk in step with the WTO
January 03, 2011 | 10:26
“Without sufficient clarification and instructions from the Ministry of Finance or State Bank on the issue, the above requirements will be evident barriers against foreign banks trying to establish a joint venture or wholly foreign-owned bank in the coming time?”
NUS Convenes Asia PeopleSoft Enterprise Campus Solutions
November 17, 2010 | 11:26
The National University of Singapore has convened the first ever Asia PeopleSoft Enterprise Campus Solutions Special Interest Group (Asia CSSIG) at a two-day event held on campus.
Banking on some fresh changes
November 14, 2010 | 15:25
The National Assembly passed the new Law on Credit Institutions on June 16, 2010 (“New Law”) to repeal and replace the Law on Credit Institutions dated December 12, 1997, as amended on June 15, 2004 and its implementing regulations (collectively referred to as “Old Law”).
Listed banks may face bad-debt limits
November 04, 2010 | 09:26
Credit institutions with bad debts of more than three per cent will not be allowed to list on the stock exchanges, according to a draft circular of the State Bank of Vietnam (SBV).
Sale limits relaxed for banks
May 03, 2006 | 18:13
Foreign credit institutions may be allowed to acquire shares in up to two joint stock commercial banks and up to a maximum 20 per cent of a joint stock bank’s chartered capital, according to the latest draft decree on foreign credit institutions buying shares in local banks.
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