Central bank raises reference exchange rate

Central bank raises reference exchange rate

State Bank of Viet Nam on April 18 raised the daily reference exchange rate by five Vietnamese dong from the previous day, setting it at VND22,482 per US dollar.
Cementing sector’s future

Cementing sector’s future

Nguyen Huu Quang, National Assembly (NA) Finance and Budget Committee member and deputy general director of state cement conglomerate Vicem, puts VIR in the picture about the budget revenue situation and advocates for lower taxes to support under fire firms.
Getting back in business a curly question

Getting back in business a curly question

How to help firms back in business is being weighed up by market players and the banking chief.
Stable exchange rates key

Stable exchange rates key

Banking authorities are working hard to make sure the foreign currency market runs smoothly.
Banks struggle to make capital work

Banks struggle to make capital work

Banks are continuing to sit on a pile cash with few firms ready to talk business.
VASEP voices against anti- dumping tax on catfish

VASEP voices against anti- dumping tax on catfish

The Vietnam Association of Seafood Exporters and Producers (VASEP) has spoken out against the anti-dumping tariffs that the U.S. Department of Commerce (DOC) has just applied for Vietnamese catfish.
Credit yet to spike northwards

Credit yet to spike northwards

Although banks are continuing to reduce lending rates and offer more preferential credit packages, the sluggish loan market continues to hobble the banking system.
Rumour sparks heated post Tet forex confusion

Rumour sparks heated post Tet forex confusion

After the Tet holiday, a fluctuating foreign exchange rate has raised business community concerns.
Exchange rates to follow market rules

Exchange rates to follow market rules

State Bank of Vietnam (SBV) Governor Nguyen Van Binh has said exchange rates in 2013 will be adjusted in accordance with market practices.
Thinking out of the square

Thinking out of the square

The State Bank has confirmed the ceiling deposit rate scheme will continue to be applied in 2013. Senior economic expert Bui Kien Thanh looks at ways to ease lending rates without resorting to the use of ceiling rates.

Interest rates tipped to head further south this year

Positive monetary policies last year are expected to help cut interest rates in 2013.
A brighter forecast for the new year

A brighter forecast for the new year

On the eve of the new year, Deputy Minister of Planning and Investment Cao Viet Sinh told VIR’s Tung Ha that the economy in 2013 will see positive changes with important results thanks to the government’s specific measures.
Interest rates adjusted down

Interest rates adjusted down

The State Bank late last week cut down its base and benchmark interest rates, allowing commercial banks to further slash lending rates this week.
CIT changes to benefit firms

CIT changes to benefit firms

The Ministry of Finance’s Tax Policy Department deputy head Nguyen Van Phung shines some light on the breakthroughs in the amended Corporate Income Tax (CIT) draft version.
Clear heads need to prevail in banking crisis

Clear heads need to prevail in banking crisis

Thailand’s banking system has rebounded strongly from the country’s 1997 financial crisis. On the sidelines of the recent East Asia Conference for Financial Stability in Hanoi, Bank of Thailand assistant governor Salinee Wangtal told VIR’s Trinh Trang about lessons that Thailand’s bankers learned on implementing monetary policies after the crisis.
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