As of the end of February 2014, a total of 8,628 enterprises were refunded value-added tax (VAT). The total value of goods refunded was more than VND425 billion and the amount of the VAT refund was more than VND32.9 billion. This is the result of a 20-month pilot deployment of … [Read more...] about Expanding Scope and Object of VAT Refund for Foreigners
Joint stock commercial bank for foreign trade of vietnam
Vietcombank Named Best Vietnam Bank for Trade Finance
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has recently been awarded Best Vietnamese Bank for Trade Finance 2010 title by Trade Finance Magazine in Hong Kong. This is the third consecutive year the only Vietnamese bank has achieved this award. The … [Read more...] about Vietcombank Named Best Vietnam Bank for Trade Finance
Vietnam Joint Stock Banks Provide Most of Dollar Loans
Joint stock commercial banks are the biggest U.S. dollar lenders in Vietnam, holding 36.92% of the country's total outstanding dollar loans. Foreign-owned banks ranked the second with 30.32%. The Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB), or Vietcombank, has … [Read more...] about Vietnam Joint Stock Banks Provide Most of Dollar Loans
Intesa Sanpaolo Banking Group: Active Supporter of Trade and Investment Activities
The Intesa Sanpaolo Group is the leading banking group in Italy with about 11 million customers and nearly 5,700 branches, and is one of the top banking groups in Europe. The Group is the leading provider of financial products and services to both households and businesses in … [Read more...] about Intesa Sanpaolo Banking Group: Active Supporter of Trade and Investment Activities
Commercial banks cut deposit rates
Several banks have reduced annual deposit interest rates in Vietnamese dong to 7 percent and lower. The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) cut the rate by 0.2 percent for all terms on August 25. The rates slide to 4.8-5 percent per year for … [Read more...] about Commercial banks cut deposit rates