Forex rate forecast to remain stable till year-end Business

Forex rate forecast to remain stable till year-end

The Vietnamese dong was expected to remain broadly stable against the US dollar over the remainder of 2019 and to be slightly weaker on average over 2020, buoyed by robust foreign direct investment (FDI) inflows, dollar purchases by businesses, and a healthy foreign reserve position, experts forecast.
Power control important to Party building Politics

Power control important to Party building

Party members and the public have expressed their approval of the Politburo’s new regulation on power control in personnel work, and the prevention of bribery to acquire high-ranking positions.
Motorbike taxis must be registered in Hanoi Society

Motorbike taxis must be registered in Hanoi

Drivers of "xe om" – or motorbike taxis – carrying passengers and goods and drivers of non-motorised vehicles will have to register with authorised agencies, according to a new draft regulation on the management and use of non-motorised vehicles and motorcycles in the capital city of Hanoi.
New policy to speed up bad debt settlement Business

New policy to speed up bad debt settlement

The State Bank of Vietnam (SBV) is drafting a new circular regulating credit institutions’ trading and handling of non-performing loans (NPL) with the aim of forcing the institutions to focus more on bad debt settlement.
Central bank issues roadmap for ATM card upgrades Business

Central bank issues roadmap for ATM card upgrades

Under a new regulation, commercial banks will have to switch 30 percent of their current magnetic strip ATM cards – more than 25 million in total – to chip cards by the end of this year to enhance safety and service quality.