Rising dong may hit exports
The Vietnamese dong remained steady during 2006, but a recent sharp rise in the dollar supply could lead to an appreciation of the dong and negatively affect national export competitiveness.
03/01/2007
Central bank to tighten banks' securities trading activities
The State Bank of Vietnam (SBV) is going to promulgate new regulations in January 2007, aiming to tighten commercial banks' securities trading activities.
03/01/2007
2006 sees most economic targets met
The national economic picture of 2006 was bright with almost all targets set by the National Assembly either fulfilled or surpassed, said General Director Le Manh Hung of the Vietnam General Statistics Office.
03/01/2007
ADB continues to fund Vietnam small firms program
The Asian Development Bank sanctioned Wednesday a soft loan of US$20 million for the second phase of Vietnam small and medium-sized enterprises (SMEs) development project to be completed next year.
28/12/2006
Military Bank to increase chartered capital next year
Military Bank will increase its chartered capital from 780 billion VND (48.75 million USD) to 1.5 trillion VND (93.75 million USD) by the end of 2007, announced the bank.
28/12/2006
Banks to profit from trust factor unconditional trust banking bonanza
It is only in the past five years that Vietnamese have begun to trust banking institutions. Since 2001, the number of bank accounts opened in urban Vietnam has risen by an astonishing 300 per cent.
28/12/2006
Local banks pushed to cash in during 2008
Domestic banks are being pushed to pump up capital levels or merge with each other in order to increase chartered capital and take advantage of a booming financial market in 2008.
28/12/2006
ADB helps rail lines project in HCM City
A US $1.7 million technical assistance (TA) grant from the Asian Development Bank is helping to prepare a project that will develop two urban mass rapid transit (MRT) rail lines in Ho Chi Minh City, Vietnam. The non-refundable grant is from ADB's...
30/11/2006