Experts: Non-cash payments need support Business

Experts: Non-cash payments need support

The Government should create an ecosystem and suitable environment for new products and services as well as pioneer their use to promote the development of contactless payment methods. This could be a foundation for building e-government in Vietnam.
PM's team: ’Race with time’ to restructure economy Business

PM's team: ’Race with time’ to restructure economy

Vietnam can no longer rely on the increasing investment by the public sector and exploitation of natural resources to drive its economic growth in the future, the Prime Minister’s newly established economic council warned in its very first meeting.
Stock market role in the economy to be enhanced Business

Stock market role in the economy to be enhanced

The stock market development has contributed to accelerating the equitisation of State-owned enterprise and public investment restructure, but it can still play a greater role, heard a conference on stock market roles in Vietnam held in Ho Chi Minh City on May 15.
Politics

Vietnam, Malta seek further cooperation

A delegation of the National Financial Supervisory Commission led by Chairman Vu Viet Ngoan paid a working visit to Malta on November 4-5, aiming at promoting trade and investment between the two countries.
Business

Experts urge for market diversification

Vietnamese economists believe that China will be careful about Vietnam-China trade because the economies of both countries are interdependent, while cross-border trade is now the main source of income for the poorest Chinese provinces, the English-language news website VietNamNet Bridge has said.
Business

Banks put forward merger and acquisition plans

Several banks have recently presented plans or expressed intention to complete mergers even as the nation continues to speed up the restructuring of credit institutions.

Vietcombank Chairman Nguyen Hoa Binh told a recent shareholder meeting in Hanoi that mergers and acquisitions (M&As) may happen at the bank in a near future as they are necessary for growth. The bank has plans to raise capital for M&As if and when conditions permit.
Business

More impetus for Vietnam's economy in 2014: magazine

Together with the determination of the business community and the measures by the Government, the Vietnamese economy will receive more impetus to move forward in 2014, said a weekly magazine of the Vietnam Chamber of Commerce and Industry (VCCI).
Business

Slimline State beneficial to Vietnam economy

The economic recovery depends heavily on new policies and trimming fat from the State budget, Vu Viet Ngoan, National Financial Supervisory Commission chair, told Thoi bao Kinh te Viet Nam (Vietnam Economic Times)
Business

Financial committee urges rate cut

The National Financial Supervisory Committee has suggested a further cut in the deposit interest-rate cap to 7 percent to bring down lending rates to around 10 percent.