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Tag Archive for ‘VND’

Vietnam finance ministry drafts auto part tax cuts

The Ministry of Finance plans to cut import taxes on auto parts, in line with the World Trade Organisation (WTO)’s rules. finance ministry drafts auto part tax cuts hinh 0 Its WTO commitments require Vietnam to maintain a tax level on import auto components between zero percent and 30 percent. Officials say the tax changes […]

VND reference exchange rate down by VND1, 25 August 2017

The State Bank of Vietnam offered its reference VND/USD exchange rate at VND22,446/USD on August 25, down by VND1 from August 24. With the current /- 3% VND/USD trading band, the ceiling exchange rate is VND23,119 per USD and the floor rate is VND21,773 per USD. Major commercial banks made slight changes to their rates. […]

VND reference exchange rate stays stable on August 24, 2017

The daily reference VND/USD exchange rate set by the State Bank of Vietnam on August 24 stays at VND22,447, unchanged from the previous day. With the current trading band of +/- 3%, the ceiling rate applied to commercial banks on August 24 is VND23,120 and the floor rate VND21,774 per USD. The opening hour rates […]

VND expected to see end-of-2017 dip

The Vietnam dong is expected to depreciate by two percentage points at the end of 2017, ending a period of stability that lasted throughout the year. Since the start of this year, the USD/VND exchange rate remained relatively stable, hovering around VND22,700 to the dollar. However, this period of calm is likely to end soon, […]

Vietnam Business Briefs November 14, 2012

* Dinh Vu Port Investment & Development JSC. (DVP) announced November 26 as ex-date and November 28 as record date for 2012 interim cash dividend payment. The firm will pay dividend at VND2,000/share on December 14, 2012. * Phuc Tien Trade Manufacture JSC. (PHT) reported its current outstanding shares as at November 8 as follows: […]

Vietnam Putting an End to Dollarization

According to schedule, to 2015 – 2016, deposits and loans in foreign currency will be fully terminated in the Vietnam market. According to the roadmap against the gold and dollarization of the Vietnamese Government, gold influence will be demolished by 2012 and dollarization by 2015. ‘Goldization’ should have ended on November 25 last year, but […]

Vietnam Coal Industry Seeking Solutions to Overcome Difficulties

The Viet Nam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin) had to face many challenges with a sharp fall in demand for energy in general and coal in particular. Due to the impacts of the economic downturn, in the first 9 months of 2012, the Viet Nam National Coal and Mineral Industries Holding […]

Vietnam lawmakers debate ways to reinvigorate economy

HA NOI (VNS)– Questions about how to provide businesses with access to loans, settle bad debts, manage the gold market and ensure dam safety fueled a heated question and answer session yesterday between National Assembly deputies and Government officials. Answering a question about the gap between world and domestic gold prices, State Bank of Viet Nam governor Nguyen Van Binh said that when the domestic gold price went up, the government in the past had to import gold to stabilize the market, which could negatively affect foreign currency reserves. He said the government had…

Manulife Vietnam goes the extra yard

Manulife Vietnam, the first 100 per cent foreign-owned life insurance company licensed in Vietnam, has opened its new customer service office at Maritime Bank Building’s in HCM City’s District 1 last week. The new office, designed to offer customers more convenient and better service, covers a total area of 1,470 square metres. It supplements the […]

15.6 trillion VND to build Ca Pass tunnel

More than 15.6 trillion VND will be invested to build a tunnel route under Ca Pass and Co Ma Pass, linking the two central provinces of Phu Yen and Khanh Hoa on the National Highway 1A, the Ministry of Transport announced on November 12. The tunnel route will be 13.4 km long, with the section under Ca Pass measuring 3.9 km and 500m under the Co Ma pass. Construction is scheduled to start on November 18 and complete by 2016. On completion, the tunnel route is expected to reduce traffic accidents on National Highway 1A and contribute to the development of big economic centres, industrial zones…