Vietnam Briefing News

Credit Institutions in Vietnam Now Offering Foreign Currency Loans

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Decision No. 857/QD has been enacted by the State Bank of Vietnam. According to this measure, credit institutions (including foreign bank branches) can now make loans in foreign currencies to customers residing in the country.

Vietnam to Tighten Cash Loan Disbursements from June 1

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According to the Circular, banks will not use cash as a method for disbursing loans from June 1, 2012.

Vietnam’s Bank Restructuring a Big Opportunity for Foreign Investors

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By Lorenzo Martelli Dec. 14 – Increases in the ownership ratios that foreign strategic partners can hold at Vietnamese joint stock banks, encouragement for the merger of weak banks, and not increasing the chartered capital are the main points of the European Chamber of Commerce (EuroCham)’s proposal when talking about bank restructuring. Decree No. 69/2007/ND-CP […]

World Bank Forecasts 6% Growth for Vietnam

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Nov. 29 – According to the report East Asia and Pacific Economic Update released by the World Bank on November 21, Vietnam’s gross domestic product (GDP) will increase 6.1 percent next year. The recent forecast confirms Prime Minister Nguyen Tan Dung’s expectations of 6 percent to 6.5 percent growth for 2012, which he announced at […]

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