Economy and commerce
Banking and financial services
Law on bad debt settlement necessary: experts
The Government must create a law on bad debts settlement to tackle difficulties during the process, experts said at a recent conference held by the State Bank of Việt Nam. Nguyễn Quốc Hùng, chairman of the Việt Nam Asset Management Company, said on October 26 the ...
Cambodia on alert for US taxpayers
With the Internal Revenue Service, the tax-collection arm of the United States government, stepping up its global sweep to catch American individuals and corporations hiding their overseas earnings, the American Chamber of Commerce in Cambodia on October 26 held a presentation for investors and financial institutions ...
Myanmar leader begins VN visit
Myanmar President Htin Kyaw and his wife Su Su Lwin arrived in Hà Nội on October 25 for a visit to Việt Nam at the invitation of President Trần Đại Quang. The three-day visit starting on October 26 aims to seek stronger co-operation between the two countries, especially ...
Public debt ceiling to remain at 65%
The government will not lift the public debt ceiling but will tighten its financial discipline to develop enterprises and further attract social investment to create the resources needed for reform and socioeconomic development. Lifting the ceiling would affect the country’s loan repayment capacity, Deputy Prime Minister ...
Slow ODA disbursement hampers Vietnam
Slow ODA disbursement is badly affecting Vietnam’s credibility and development according to a workshop on ODA programmes heard on October 18 in Hanoi. The problems were discussed at the workshop on accelerating the implementation and disbursement of ODA programmes and projects. According to the Deputy Minister of ...
BIDV signs cooperation agreement with Japanese bank
The Joint Stock Commercial Bank for Investment and Development of Vietnam and the Yachiyo Bank of Japan have inked a memorandum of understanding on cooperation in supporting Japanese firms in Vietnam. This is the 26th Japanese bank that BIDV has signed such a cooperation deal with ...
World Bank forecasts 7.8% growth in Myanmar this year
The World Bank has predicted strong economic growth in Myanmar through the 2016-17 fiscal year, ending in March. In its growth outlook for “developing East Asia and Pacific” for 2016-18, released on October 5, the World Bank projects growth in Myanmar to hit 7.8 percent for the ...
‘Thailand 4.0’ should get GDP growth up to potential, World Bank says
The World Bank believes Thailand should be able to achieve long-term annual economic growth of 4-5 per cent if the government can successfully push through its “Thailand 4.0” model. The new economic model would help draw private investment, the Bank’s economist for Thailand, Kiatipong Ariyapruchya, ...
TrueMoney goes international, targeting Myanmar
Local mobile payment companies are gearing up to extend their payment services overseas after the Bank of Thailand eased foreign exchange rules. The central bank in March eased the regulations to allow companies that hold payment licences under the law regulating e-payment to act as ...
Bank trims rate to coax millers
The state-owned bank entrusted with extending $27 million in emergency loans to millers to purchase rice paddy has marginally lowered the interest rate on these conditional loans in an effort to shorten some of the strings attached. The Rural Development Bank announced late on September 25 that ...
