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Tag Archive for ‘Finance’

Vietnamese University Plans to Accept Bitcoin Despite Central Bank Ban

FPT, a private Vietnamese university is planning to accept tuition fees in bitcoin with a workaround of the central bank’s ban on using cryptocurrencies as payment instruments. FPT University is a private academic institution with campuses in Ho Chi Minh City, Hanoi and Da Nang, Vietnam’s three major cities. The university will soon begin accepting […]

FDI to Vietnam is mostly from Asia, with South Korea ranked first

The great advantages of Vietnam’s business environment and its membership in FTAs and the AEC have helped to attract many investors from Asia. The Ministry of Planning & Investment (MPI) report said that in the first eight months of the year, foreign investors pledged to invest $23.36 billion in Vietnam, an increase of 45 percent […]

Vietnam central bank admits shortcomings after violating protocols

Acknowledging its limitations and inadequacies, the State Bank of Vietnam (SBV) said it will thoroughly implement all of the Prime Minister’s instructions by adopting solutions to enhance the quality and the efficiency of its operations while improving its inspections of the banking sector. Its determination comes after the central bank was found guilty of violating […]

Vietnam to build customs bond system

The Global Alliance for Trade Facilitation (GATF) will help Viet Nam to establish a customs bond system – part of the country’s efforts to modernize and reform administrative procedures relating to import and export. The GATF and the Viet Nam Private Sector Forum (VPSF) launched their joint project on customs bond last Friday, aimed at […]

Engineer recalls bitter story of pioneering Vietnamese carmaker

As hope that Vietnam would finally produce cars domestically was renewed after construction of a new car factory began last week, one of the first local engineers who attempted to realize the dream has recalled how he failed as a pioneer. Now past his 70s, Bui Ngoc Huyen currently lives in his shutdown car factory […]

Ho Chi Minh City’s economy on steady growth track

Ho Chi Minh City’s economy continued its steady growth in the first eight months this year, said the municipal authorities during a working session reviewing the city’s performance in the period on September 5. Speaking at the event, Director of the municipal Department of Planning and Investment Su Ngoc Anh said the total retail value […]

Vinacomin mines 24.58 million tonnes of coal in 8 months of 2017

The Vietnam National Coal and Mineral Industries Group (Vinacomin) has produced 24.58 million tonnes of coal in the first eight months of the year, accounting for 68.3 percent of the annual plan. Of the total output, 21.38 million tonnes were consumed domestically while 866,000 tonnes were exported, raking in over 35.3 trillion VND (1.55 billion […]

New regulations on import and export in Vietnam

The Ministry of Finance has held a meeting to introduce changes in the list of Việt Nam’s export and import goods as per Circular No 65/2017 / TT-BTC. The new circular will take effect from January 1 next year. At the meeting on Friday, Đào Thu Hương, Deputy General Director of the General Department of […]

Third phase of Vietnam Central budget’s investment plan deployed

Prime Minister Nguyen Xuan Phuc has signed a decision to allocate almost VND1.3 trillion of the investment plan of the Central budget in 2017 (the third phase), including the recovery of capital from advance funds, for ministries and sectors. The ministries and sectors include the Ministry of Agriculture and Rural Development; the Ministry of Natural […]

The three biggest risks in doing business in Vietnam

Injecting money in non-core business fields, experimenting in real estate projects, and having a bad financial foundation are the three most significant risks facing the business environment in Vietnam, according to Le Xuan Nghia, a respected economist, and six other businessmen who declined to be named. vietnam economy, business news, vn news, vietnamnet bridge, english […]