Since 2014, no licences have been issued for gold imports for the production of gold bars, resulting in limited raw material supply.
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Man owes bank nearly VNĐ9 billion in credit card's interest after 11 years 18/03
People should check and double-check their credit cards' terms and their issuers' debt management policies before signing up for one, said industry insiders after a recent case in which a user from the northern province of Quảng Ninh was notified he owed the bank VNĐ9 billion (US$364,000) in credit card...
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PM urges further rate cuts, improved credit access to remove obstacles, promote growth 15/03
Prime Minister Phạm Minh Chính chairs the meeting to implement monetary policy management tasks in 2024, which focuses on removing difficulties for production and business to promote growth and ensure macroeconomic stability.
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Insurance premium revenue rebounds in the first two months 14/03
Total insurance premium revenue in the first two months of 2024 was estimated at VNĐ33.9 trillion (US$1.4 billion), up 1.6 per cent over the same period last year, the Ministry of Finance’s latest data showed.
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Foreign exchange rate cools after central bank’s intervention 14/03
US dollar price in both official and unofficial markets has cooled down after the State Bank of Việt Nam (SBV) intervened to reduce the speculation of the greenback on the domestic market.
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Lukewarm reception for VNĐ120 trillion credit package 14/03
According to the State Bank of Vietnam (SBV), only 68 of such projects, located in 28 out of 63 cities and provinces across the country, have been announced to date.
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Banks remain reluctant in disclosing interest rates 14/03
CEO of OCB Nguyễn Đình Tùng said OCB has been working around the clock to find a method to publicise the bank's interest rates.
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Ministry of Finance to scrutinise insurance sales via credit institutions and foreign bank branches 14/03
While acknowledging the market's achievements, Minister of Finance Hồ Đức Phớc expressed concern about the quality of advisory services, customer care and claims settlement, particularly in the rapidly expanding life insurance sector.
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Gold drops as traders cash in earlier gains 14/03
Domestic gold prices reported a minor gain this morning as global prices picked up as investors hope that the US Federal Reserve will likely announce interest rate cuts in June.
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Corporate bond market quiet in February 13/03
The corporate bond market is quiet in the beginning of this year with only three separate corporate bond issuances in February with a total value of VNĐ1.16 trillion (US$47 million), 68 per cent lower than January.
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HDBank rolls out credit package worth $81.37 million to fund petrol stations switching to e-invoices 13/03
HDBank is deploying a programme that provides a solution set and a credit package worth VNĐ2 trillion (US$81.37 million) for fuel retailers, including financing of up to 60 per cent of the cost of installing an electronic invoice issuance system from March 1.
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VCCI proposes zero tax rate to be maintained for exported services 12/03
Việt Nam’s export of services reached $20 billion in 2023 with an average annual growth rate of 11 per cent, higher than the country’s gross domestic growth rate.
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Home Credit Vietnam sold to Thailand investors for 800 million euros 01/03
Czech Republic consumer finance provider Home Credit Group has announced it will sell its Home Credit Vietnam business to The Siam Commercial Bank Public Company Limited (SCB), part of SCBX Public Company Limited (SCBX), for approximately 800 million euros (US$866 million).
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Multiple businesses delay dividend payments, disappointing investors 29/02
Overall, the delay in dividend payments to shareholders by businesses is related to their difficult financial situation and insufficient cash flow.
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Overnight interbank rate hits nine-month record high 26/02
With the surge, the rate for overnight term is currently even higher than that of one-week to three-month terms.
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