No immediate Brexit impact on UK trade: expert No immediate Brexit impact on UK trade: expert

Great Britain's exit from the European Union (EU) will not immediately affect trade relations between Viet Nam and Britain, an official from the Central Institute for Economic Management (CIEM) said.

National CPI reaches 5-year high in June National CPI reaches 5-year high in June

Viet Nam's consumer price index (CPI) rose by 0.46 per cent month-on-month in June, the highest June increase recorded over the last five years, the General Statatistics Office (GSO) announced yesterday.

Unbalanced property market development fears Unbalanced property market development fears

Early alarm bells have been rung about the potential unbalanced development in supply and demand in the realty market.

Decrees must help businesses: PM Decrees must help businesses: PM

New decrees are to liberate productive forces, facilitate businesses and people, and drive development, Prime Minister Nguyen Xuan Phuc said on June 23.

Deposit interest rates up at banks Deposit interest rates up at banks

(Jul 30, 2016)

Many commercial banks have raised deposit interest rates over the past few weeks for all tenures, raising concerns about an imminent lending interest rate hike.

HDBank, Senshu Ikeda ink deal

The Housing Development Commercial Joint Stock Bank (HDBank) has signed a memorandum of understanding with Japan's Senshu Ikeda Bank to provide investment advice and financial services to its customers seeking to enter Viet Nam.

Ha Noi loans increase in seven months

Credit in Ha Noi's commercial banks in the first seven months of the year rose 11.8 per cent against December last year to reach VND1,384 trillion (US$61.785 billion), the Ha Noi General Statistics Office estimated.

Settlement of banks' bad debts faces hurdles

Though the bad debt ratio of the banking system has been reported to drop to below 3 per cent of its outstanding loans, how to deal with the amount of bad debt stuck at the Viet Nam Asset Management Company (VAMC) is still a troublesome job.

Banks fail to meet cross ownership deadline

Four months after the deadline set by the State Bank of Viet Nam (SBV) for resolving cross ownership in the banking system, the problem persists.

Dong devaluation expected

The central bank is expected to devalue the Vietnamese dong against the US dollar by 2-3 per cent in the second half of this year to support exports and fight against the dollarisation in the local economy, according to a Vietinbank report.

Bank of India opens branch in HCM City

Bank of India on Friday officially inaugurated its first branch in HCM City, becoming the first Indian bank to receive a licence to open a branch in the country.

Generali Vietnam signs bancassurance partnership with Eximbank

Generali Vietnam Life Insurance LLC (Generali Vietnam) will offer life insurance products to Eximbank's customers through the bank's network of more than 200 branches and transaction offices across Viet Nam.

VN postpones $3bn international bond plan

Viet Nam has postponed a US$3-billion international bond issuance plan due to unfavourable conditions in the global finance and monetary market, the finance ministry said.

Interest rate to be stable in H2: SBV

The interest rate would continue to be stable over the remaining months of the year, the State Bank of Viet Nam (SBV) said in a report released this week.

VIB records positive growth in H1

Vietnam International Bank (VIB) earned before-tax profit of VND303 billion (US$13.5 million) in the first half of this year.

City to regularly organise safe farm produce fairCity to regularly organise safe farm produce fair

The HCM City Department of Agriculture and Rural Development will organise a safe farm produce fair on the first and third weekends of every month, starting on August 6.

Business conditions continue to be reformedBusiness conditions continue to be reformed

Around 3,000 business conditions under circulars have expired since July 1, 2016, and have been replaced by 50 new decrees. This was a breakthrough in the local business environment and was good news for the local business community. But local enterprises were still worried about thousands of other business conditions that still exist in laws, decrees and legal documents of ministries.

Mutual funds put up good show in first half Mutual funds put up good show in first half

In the first half of the year, many open-ended mutual funds have reported solid results, with their growth rates averaging 1.65-12 per cent.

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