Foreigners still allowed to make term deposits Business

Foreigners still allowed to make term deposits

Resident and non-resident foreigners in Vietnam are still permitted to make term deposits at local banks despite some banks saying they would not accept savings deposits from individual foreign customers, the State Bank of Vietnam has said.
Law on credit institutions takes effect Business

Law on credit institutions takes effect

Many businesspeople, who hold leadership positions at both banks and other firms, have decided to give up their positions in enterprises and keep the banking management positions to meet a new Government regulation.
New policies take effect  in June Society

New policies take effect in June

A string of new government policies come into force in June, including the exemption of land use fees for housing projects, specific financial mechanisms for HCM City, increased fees for medical examination and treatment for the insured and reduction of social insurance premiums.
VAMC special bond terms to be extended Business

VAMC special bond terms to be extended

Terms for special bonds issued by the Vietnam Asset Management Company (VAMC) to buy non-performing loans (NPLs) from credit institutions will be extended to ten years in some cases.
Former Hai Phong leader on trial over land seizure Society

Former Hai Phong leader on trial over land seizure

Investigative police in northern Hai Phong port city have decided to take legal proceeding against the former chairman of Tien Lang district’s People’s Committee, Le Van Hien, for his alleged misconduct in an unlawful land seizure in his locality in 2012.
Society

Old vehicles prove difficult to remove

The Vietnam Registration Department said about 70,000 automobiles have passed their expiry date since the beginning of this year and are no longer considered road worthy – but that the majority are still in use.