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.
Flawed state spending is exposed

Flawed state spending is exposed

Big government management flaws have been exposed by ministries, localities and state-owned enterprises’ serious financial violations.
Time to spend to bolster development

Time to spend to bolster development

Deputy head of the Ministry of Planning and Investment’s Central Institute for Economic Management Tran Kim Chung highlights the need to scale-up capital disbursement, particularly that of public investment, to spur economic development.
Apple apologises after China criticism

Apple apologises after China criticism

Apple chief executive Tim Cook apologises to Chinese consumers after the US technology giant was subjected to criticism in state-run media over alleged "arrogance" and double standards.
SCB to improve financial heath

SCB to improve financial heath

Saigon Commercial Bank, one year after the merge, now has better liquidity and improved payment ability, statement from State Bank released last week.
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.
Eagle eyes needed to manage state funds

Eagle eyes needed to manage state funds

The National Assembly’s (NA) Economic and Budget Committee former deputy chairman Dang Van Thanh highlights the need to put non-budget state funds’ performance under the spotlight.
Credit remains a sticky question for banks

Credit remains a sticky question for banks

The State Bank might consider dividing banking system credit groups this year, but the growth cap might be unnecessary given soft credit growth.
Venezuela election fight to succeed Chavez begins

Venezuela election fight to succeed Chavez begins

Venezuela on Monday plunged into a bitter election fight to succeed Hugo Chavez, with acting President Nicolas Maduro and opposition leader Henrique Capriles facing off in a flurry of name-calling.
Wage reforms make sense

Wage reforms make sense

Proposed wage reforms have got businesses thinking.
SJC chief makes case for getting gold into order

SJC chief makes case for getting gold into order

Le Hung Dung, chairman of Saigon Jewelry Ltd Co (SJC), predicted an immediate decline in gold prices when the State Bank on February 26 signed an exclusive gold bar processing contract with SJC.  
State may boost PPP stake

State may boost PPP stake

Eager to accelerate the construction of vital new infrastructure facilities, the Vietnamese government is considering increasing the state contribution to public-private partnership (PPP) projects or altering the limitations for private sector participants in such deals.
State looks for an SOE sea change

State looks for an SOE sea change

The Vietnamese government’s call for fine-tuning ineffective state-owned enterprises and spurring the private sector’s bigger participation in the economy has won foreign praise.
Legal eagles to shape asset investments

Legal eagles to shape asset investments

Ministry of Justice Department of Economic-Civil Legislation head Duong Dang Hue points out how important it is to improve the legal system on capital and state asset investment management for economic development needs.
Lending to start climbing north

Lending to start climbing north

Banks’ consumer lending is expected to heat up in the wake of a state policy incentive proposal to be rolled out this quarter.
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