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By Thanh Thuong – The Saigon Times Daily U.S. dollar notes are counted at a local bank in HCMC in a file photo. The central bank yesterday raised the inter-bank exchange rate by VND10 to VND20,638 to the dollar but the unofficial market rate wildly spiraled up by VND450 from the previous week to some … Continue reading
By Hong Phuc – The Saigon Times Daily A customer (R) conducts a transaction with the local bank SeABank in a file photo. The central bank has affirmed that it will ensure Vietnam dong liquidity of the banking system – Photo: Minh Khue HCMC – The central bank has affirmed that it will ensure Vietnam … Continue reading
By Quoc Hung – The Saigon Times Daily Shoppers buy goods in a Wellcome store operated by Giant South Asia Vietnam. Its parent firm Dairy Farm from Hong Kong is set to open a Giant supermarket in HCMC’s District 7 soon – Photo: Quoc Hung HCMC – Several giant international retailers are poised to enter … Continue reading
By Thanh Thuong – The Saigon Times Daily HCMC – Some local commercial banks, especially small ones, are continuing to offer customers deposit interest rates higher than the cap of 14% per annum over liquidity concerns. A customer a few days ago informed a small bank in HCMC that he wanted to withdraw VND1 billion … Continue reading
Peter Droege, EuroSolar president and professor of urban sustainability at the University of Liechtenstein, told The Saigon Times Daily about how to develop renewable energy in Vietnam when he was in HCMC last week to speak at the GreenBiz Conference and Exhibition on European Green Business Solutions (GreenBiz 2011). Excerpts: The Saigon Times Daily: How … Continue reading
International Finance Corporation (IFC), an arm of the World Bank, has committed this year to investing US$800 million in Vietnam, more than double the amount in 2010. The Saigon Times Daily spoke with Simon Andrews, IFC Regional Manager for Vietnam, Laos, Cambodia and Thailand, on the company’s investment priorities in Vietnam. Excerpts: The Saigon Times … Continue reading
By Hong Phuc – The Saigon Times Daily Yasuhiro Sato (L, front), chairman and chief executive officer of Mizuho Corporate Bank Ltd., and Nguyen Phuoc Thanh, general director of Vietcombank, shake hands after they sign the 15% stake transaction in Hanoi last Friday – Photo: Courtesy of Vietcombank HCMC – Vietcombank, the nation’s largest listed … Continue reading
By Thuy Trieu – The Saigon Times Daily HCMC – Several banks have played down the significance of the Government’s recent resolution to reduce credit growth and money supply targets, saying the move would not affect their operation simply because they do not have funds to boost lending. The Government in the September meeting required … Continue reading
By Kinh Luan – The Saigon Times Daily A metro train model of Siemens is displayed at the Greenbiz exhibition organized by European Chamber of Commerce. This will likely be the metro train used in the line No. 1 from Ben Thanh to Suoi Tien. – Photo: Kinh Luan HCMC – HCMC’s metro system, consisting … Continue reading
By Minh Tam – The Saigon Times Daily HCMC – Representatives of many enterprises voiced their complaints to a leader of the Ministry of Finance about the problems over the inaccurate implementation of tax and customs policies in localities, resulting in difficulties in their production and business activities. Speaking at the dialogue on tax and … Continue reading
Vietnam Business News 