Tuesday, October 17, 2017 - 11:24:26

interest rates

PM pledges continued support for business community

Politics

PM pledges continued support for business community

PM Nguyen Xuan Phuc affirms that the Government will continue to protect the business community and their legitimate rights and interests, while working harder to reduce costs and interest rates to help enhance domestic firms’ competitiveness.

Mass switch to pepper causes market crash

Business

Mass switch to pepper causes market crash

A pepper glut in the Central Highlands as more and more farmers switched to the crop lured by the earlier high profits from the spice has caused prices to collapse and threatens to bankrupt many of them.

Banks urged to serve low earners

Business

Banks urged to serve low earners

Vietnam has significant room to promote inclusive finance, given 70 percent of its population is living in rural areas and many are locked out of the conventional banking system due to low income, experts have said.

Death sentence to former Ocean Bank Director General Nguyen Xuan Son

Society

Death sentence to former Ocean Bank Director General Nguyen Xuan Son

The People’s Court of Hanoi on September 29 sentenced Nguyen Xuan Son, former Director General of Ocean Bank, to death and Ha Van Tham, former Chairman of the Board of Directors of the bank, to life imprisonment for wrongdoings in State management, property appropriation, credit operation, and power abuse.

SBV demands strict compliance with credit rate regulations

Business

SBV demands strict compliance with credit rate regulations

The latest instructions from Le Minh Hung, Governor of the State Bank of Vietnam (SBV), require credit institutions and commercial banks in Vietnam to strictly comply with the SBV’s regulations on mobilising capital in foreign currencies and not offer interest rates exceeding the ceiling levels.

PM urges lower interest rates, stable taxes

Business

PM urges lower interest rates, stable taxes

The Government has instructed corresponding administrative authorities to aim for a 0.5 percent decrease in lending interest rates from now until the end of 2017, while keeping taxes, fees and other charges unchanged, in order to propel the current disbursement rate in public spending and boost businesses’ productivity.

Minister slams slow pace of agriculture investment

Business

Minister slams slow pace of agriculture investment

Minister of Agriculture and Rural Development (MARD) Nguyen Xuan Cuong has said that efforts to attract investment in agriculture were not yielding sufficient fruit, urging authorities to focus on unbuckling bottlenecks to ease investment.