SPECIAL

Gas, condensate found off southern Viet Nam coast Gas, condensate found off southern Viet Nam coast

Three companies on August 20 announced the discovery of gas and condensate in the fourth well in Blocks 05-1b and 05-1c off the southern Viet Nam coast.


Two new seaplanes to boost luxury tourism Two new seaplanes to boost luxury tourism

Hai Au Aviation is introducing today two of its three new Cessna seaplanes from the US that promises to provide a unique and breath-taking experience for tourists in Viet Nam.


Vietnamese customers prefer smartphones with 5-inch screens Vietnamese customers prefer smartphones with 5-inch screens

Twenty-five per cent of the Vietnamese customers want their next smartphone to have a 5-inch screen.


Car industry faces development roadblocks Car industry faces development roadblocks

Viet Nam's ambitious master plan for the development of its fledgling automobile manufacturing industry for 2020 to 2030, which the government recently endorsed, is facing major stumbling blocks.



SBV keeps deposit interest rate steady SBV keeps deposit interest rate steady

(Aug 28, 2014)

The State Bank of Viet Nam has not decided to lower the 6 per cent interest rate cap on short-term deposits, Deputy Governor Nguyen Thi Hong told baodautu.vn on Tuesday.

SBV battles to control bad debts

Total funds provided to cover any risk reached VND77.3 trillion (US$3.6 billion) by the end of June, up 10.9 per cent over the 2013-end figure. If the funds are put to use, the entire bad debt ratio will fall to 2.2 per cent.

BIDV reserves $714 million loan for seafood sector

The Bank for Investment and Development of Viet Nam announced that it will reserve a VND15-trillion, or US$714.28-million, loan for the seafood sector over the next three years.

Credit growth slow in Ha Noi

The outstanding loans of credit institutions in Ha Noi totalled about VND918 billion, or US$43.71 million, in August.

Vietcombank slashes dong deposit rates

The head office of Vietcombank slashed the annual interest rates for dong deposits by 0.2 percentage point for almost all terms on Monday, reported VnEconomy online.

Customers embrace bank card payments

Viet Nam's banking system recorded 14.6 million point-of-sale (POS) transactions worth VND75.7 trillion (US$3.57 billion) in the first half of this year.

Lending falls, deposits rise in Ha Noi

The outstanding loans of credit institutions in Ha Noi totalled about VND918 billion, or US$43.71 million, in August.

Poor lack financial services access

Viet Nam is facing challenges in granting the poor with access to micro- and general finance, with only 21 per cent of Vietnamese adults having access to these informal services.

Banks cautious over selling debts to VAMC

Banks sold limited debts amounts to the Viet Nam Asset Management Company (VAMC) this year, although their bad loans are increasing, reported Dau tu (Viet Nam Investment Review) online.

SCB gets 3rd straight internet banking award

Standard Chartered Bank of Viet Nam has been adjudged the Best Consumer Internet Bank in Viet Nam for the third consecutive year by world-leading Global Finance Magazine.

Vietinbank pledges $81.9m for highway project

Vietinbank will provide VND1.72 trillion (US$81.90 million) in funding for a national highway project of the Ho Chi Minh City Infrastructure Investment Joint Stock Company in Ninh Thuan province.

VietJet carries 7.4 million passengers on 18,500 flightsVietJet carries 7.4 million passengers on 18,500 flights

Officials of VietJet, the country's fastest-growing airline, yesterday revealed that the carrier has transported 7.4 million passengers on more than 18,500 flights since its debut in December 2011.

Car industry in need of overhaulCar industry in need of overhaul

Mechanical engineering is the key to the growth of Viet Nam's underdeveloped car industry, which is plagued by too many small operators, limited production of sophisticated components and a low localisation rate.

Thai firm snaps up Metro, eyes VN market Thai firm snaps up Metro, eyes VN market

Thailand's Beri Juker Public Co. Ltd (BJC) signed a deal earlier this month to buy the Viet Nam operations of Germany wholesaler Metro for US$876 million.

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