Standard bank dunes xtrail

Interest rates decline further From mid-November this year, most commercial banks simultaneously lowered their deposit rates further, although they had adjusted deposit interest rates many times before. The interest rates for over 12 month-term deposits of many banks have dropped to less than 6 percent per annum. Meanwhile, the interest rates for less-than-six-month terms in some commercial banks have also lowered to around 3 percent per annum, much lower than the ceiling regulated by the State Bank of Vietnam (SBV). The reduction of deposit interest rates has further facilitated commercial banks to offer several preferential interest rate packages for enterprises during the business occasion at the end of the year. For instance, the lending interest rate of business loans for small and medium-sized enterprises applied by Vietcombank is at only 5.9 percent per annum, lower than the 12-month deposit interest rate of some other commercial banks in the market. Agribank has also … [Read more...] about Banks enable credit capital at year’s end

Alain Cany, EuroCham chairman I am very pleased to present our third edition of EuroCham’s White Book on Trade Issues and Recommendations. We believe that now is the right time for Vietnam to concentrate on strategic key issues to further increase Vietnam’s competitiveness, such as upgrading the quality of Vietnam’s labour force, improving infrastructure and energy supplies, encouraging sustainable PPP programmes and continuing regulatory and administrative reforms. Moreover, structural reforms to increase the efficiency of its economy must remain high on Vietnam’s agenda, in particular with regards to further equitising the state-owned enterprises. We hope that like the prior editions, the Whitebook 2011 will again be well received by the Vietnamese government and contribute to Vietnam’s success story. … [Read more...] about EuroCham calls for change

Other analysts have warned that since energy is a sensitive industry which has a direct impact on the economy, the government needs to be selective and ensure foreign investors do not bring low technologies or seek to control the country’s resources. … [Read more...] about Vietnam needs $150 bln for energy development

Vietnam has a foreign contractor tax (FCT), but the platforms don’t fulfill their tax obligations. FCT includes VAT, corporate income tax (CIT) and personal income tax. To date, only Netflix has stated it will observe Vietnamese laws, including the tax obligation. … [Read more...] about New policy is needed to control Facebook in Vietnam

The AUN-QA network is a group of chief quality officers appointed by AUN member universities to co-ordinate activities to achieve the mission of harmonising educational standards and improving the academic quality of universities in the region. … [Read more...] about International University presents 138 scholarships