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Saturday, February 4,2012,23:32 (GMT+7)
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Dong fall forecast in 3% territory
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Friday, February 3,2012,22:23 (GMT+7) |
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HCMC – The exchange rate is seen stable this year given ample supply of foreign currency, fluctuating in the 2-3% range, said economic expert Vu Dinh Anh. |
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Bad debts remain high at some city lenders: central bank
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Thursday, February 2,2012,20:43 (GMT+7) |
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HCMC – The ratio of bad debts at a number of credit institutions in HCMC in 2011 was still high, or even sharply rose compared to the previous year, said the central bank’s HCMC Branch. |
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People rush to buy gold on God of Wealth Day
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Thursday, February 2,2012,20:41 (GMT+7) |
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HCMC – Locals on Wednesday still rushed to buy gold to wish for good luck on the occasion of the God of Wealth Day, the tenth day of the Lunar New Year. |
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Ministry says will restructure insurance market
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Thursday, February 2,2012,20:29 (GMT+7) |
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HCMC – The Ministry of Finance will start restructuring the insurance market this year, with an aim to promote the development of healthy insurers and consolidating weaker firms as part of the drive to stabilize the financial market. |
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SBV makes scheme on gold mobilization
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Tuesday, January 31,2012,21:01 (GMT+7) |
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HANOI – The State Bank of Vietnam (SBV) is ready to submit to the Government a scheme on mobilizing gold from citizens to prevent speculation, stabilize the market, regulate local prices and facilitate the economic development. |
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Gold prices drop, exchange rates surge after Tet holiday
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Tuesday, January 31,2012,20:23 (GMT+7) |
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HCMC – After the Lunar New Year holiday, the local market on Monday witnessed a strong fall in gold prices by VND1 million a tael compared to the prices quoted at gold shops two days earlier, while the U.S. dollar turned firmer against Vietnam dong. |
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Japanese confectionery firm buys 10% stake of Kinh Do
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Monday, January 30,2012,20:22 (GMT+7) |
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HCMC – Japan-based Ezaki Glico Co. Ltd. has signed an agreement with Kinh Do Corporation (KDC) to buy 14 million shares of KDC, or a 10% stake in the local enterprise, marking the penetration of Glico into the local market. |
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ATM withdrawal in Tet holiday surges four times
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Monday, January 30,2012,20:19 (GMT+7) |
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HANOI – The cash volume withdrawn from Automated Teller Machines (ATM) systems of local banks in January is estimated to hit some VND60 trillion, four times higher than other previous months, said Smartlink Card Services Joint Stock Co. |
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More Money Coming Home
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Sunday, January 22,2012,00:49 (GMT+7) |
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Overseas remittances are a precious financial resource for Vietnam, but there should be attractive policies to attract this resource for economic development |
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Unpaid social insurance put at VND700 billion
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Wednesday, January 18,2012,00:04 (GMT+7) |
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HCMC – Over 200 HCMC-based enterprises still owe social insurance premiums totaling VND700 billion, said Nguyen Dang Tien, deputy director of HCMC Social Insurance. |
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