Eleven Vietnamese officials involved in tax and post-customs clearance inspections at Tenma Vietnam have been suspended from work for being implicated in alleged bribery.
Moody's Investors Service has placed the long-term ratings and assessments of three Vietnamese finance companies and two Vietnamese banks on review for downgrade.
The Vietnamese Finance Ministry and the World Bank (WB) on January 15 signed an agreement worth 10.5 million USD in non-refundable aid for a technical support project on Ho Chi Minh City’s green transport development.
The Vietnamese Ministry of Finance (MoF) on December 18 said Moody's Investors Service’s decision to confirm Vietnam’s rating at Ba3 but change the outlook to negative was not appropriate, given it is grounded on an isolated incident and does not adequately recognise the Vietnamese Government’s instituted policies and procedures to ensure smooth and timely debt repayment on government guaranteed borrowings.
The competition in the Vietnamese finance and banking market has become fiercer as existing foreign institutions are rushing to increase capital even as new entrants continually join the market.
The United Kingdom is willing to provide technical assistance to help increase the efficiency of the Vietnamese economy, and intensify cooperation with the country in preventing money laundry, UK Chancellor of the Exchequer Philip Hammond said on July 3.
The Vietnam Chamber of Commerce and Industry (VCCI) has suggested the State Bank of Vietnam (SBV) reconsider a proposal on limiting unsecured personal loans in cash by consumer finance companies.
Thai financial firm Srisawad Corporation is looking to acquire the Finance Leasing Company I (ALC I) of the Vietnam Bank for Agriculture and Rural Development (Agribank) at an estimated cost of 523 billion VND (22.45 million USD).
Investors from Hong Kong (China) are increasing their capital in Vietnam to grasp opportunities brought by trade and investment agreements inked between the two sides.
Commercial banks are expecting the revenue from fees and retail banking services to become their main income sources this year, as a result of rising market demands.
The Vietnamese National Assembly (NA)’s Finance and Budget Committee and the Planning, Finance and Audit Committee of the Lao NA jointly held a conference to discuss decentralisation of state budget and public debt management on June 27 in the central province of Quang Nam.
Lao PM Thongloun Sisoulith applauded the effective and close cooperation between his country’s finance ministry and its Vietnamese counterpart while receiving Vietnam’s financial officials in Vientiane on March 30.
The Japanese Government will provide the Vietnamese Government with an 11 billion JPY loan in the 2016 fiscal year to help Vietnam's improve socio-economic infrastructure and the competitiveness.
Deputy Prime Minister Vuong Dinh Hue has called for more support from Standard Chartered Bank (SCB) to Vietnamese Government agencies during working sessions with international rating organisations.
President of the Asian Development Bank (ADB) Takehiko Nakeo has stated that the bank will continue providing preferential loans and technical support for Vietnam’s projects in the coming time.
Finance Minister Dinh Tien Dung has spoken highly of the International Monetary Fund (IMF)’s support for Vietnam in assessing the country’s macro-economy.
A delegation of Vietnam's finance, customs and taxation officials has met with officials of the World Trade Organisation and the Swiss Federal Customs Administration and Federal Department of Finance.
Senior Vietnamese finance and banking officials recently met with
representatives from Italy’s Central Bank and Ministry of Economic
Development in Rome to discuss policies supporting small and
medium-sized enterprises (SMEs).
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