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maandag 12 september 2016

Vietnam: Inter-bank rates hit low record of below 1pct

Inter-bank rates hit low record of below 1pct
Following the continuous decline over the past weeks, inter-bank rates across all tenors hit a record low, staying at below 1 per cent per year.
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SMEs struggle to access credit
While support to enable firms to engage in global value chains has become pressing amid rapid international integration, businesses are still struggling to access credit, especially small- and medium-sized enterprises (SMEs), according to the Ministry of Industry and Trade.
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Industrial production index rise 6.9pct in eight months
Vietnam's industrial production index (IPI) in August grew 7.3 percent month on month and posted a 6.9 percent rise in the first eight months of 2016, lower than the 9.8 percent rate recorded in the same period last year due to a continuous downturn in production of the mining, processing and manufacturing industries.
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TPP difficult, but benefits are many: diplomat
Ambassador of Vietnam to the US, H.E. Pham Quang Vinh, shares his thoughts on the future of the TPP.
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Government approves 5-year investment boost
Three mega programmes covering agricultural restructuring, fisheries and forestry development and disaster prevention have been allocated 640 trillion VND (29 billion USD) in a five-year investment boost approved in a government resolution recently.
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HCMC proposes use of Japanese ODA for metro line
The Ho Chi Minh City People's Committee has proposed the Ministry of Planning and Investment (MPI) consider the use of Japanese ODA loans for the funding of the two-phase construction of the Urban Metro Line No. 3a project, from Ben Thanh to Tan Kien.
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Home prices up in July
Home prices in Vietnam continued rising in July, according to a monthly report of the Vietnam Real Estate Association (VNREA) released last week.
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Glutton for work: Thien Tan to develop second solar power plant
After kicking off the construction of the first solar power plant in the central province of Quang Ngai, Thien Tan Group continues to co-operate with US partner Black & Veatch to study investment opportunities for another solar power plant in Ninh Thuan province.
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ExxonMobil pushes on with gas-to-power complex
ExxonMobil Corporation from the US is eager to co-operate with Vietnamese state-run oil and gas group PetroVietnam to develop the gas-to-power complex located in the central provinces of Quang Nam and Quang Ngai.
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Foreign diplomats in Vietnam now eligible for five-year residence cards
Temporary residence cards with validation periods of up to five years will now be granted to foreign diplomats living in Vietnam under a new ministerial circular set to take effect next month.
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New decree revises a number of tax regulations
The Government has recently issued a decree revising a number of tax-related policies, aiming to create more favorable conditions for enterprises.
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