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Thursday,  01/23/2020
Finance Ministry responds to Moody’s latest rating action
Finance Ministry responds to Moody’s latest rating action
Hanoi (VNS/VNA) - The Vietnamese Ministry of Finance (MoF) on December 18 said Moody's Investors Service’s decision to confirm Vietnam’s rating at Ba3 but change the outlook to negative was not appropriate, given it is grounded on an isolated incident and does not adequately recognise the Vietnamese Government’s instituted policies and procedures to ensure smooth and timely debt repayment...
Free trade agreements increase tax collection
Free trade agreements increase tax collection
Hanoi (VNS/VNA) - The signing and implementation of free trade agreements has increased Vietnam's tax collection this year, said Luu Manh Tuong, director of Import-Export Tax Department under Vietnam Customs. Cars is a main import product of Vietnam in 2019 (Photo: VNA) According to Vietnam Customs, total tax collection of the sector has so far reached 335.6 trillion...
Reference exchange rate up 5 VND on December 19
Reference exchange rate up 5 VND on December 19
Hanoi (VNA) - The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,163 VND/USD on December 19, up 5 VND from the previous day. Reference exchange rate up 5 VND on December 19 (Photo: VNA) With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is...
Business environment improves significantly: VCCI
Business environment improves significantly: VCCI
Hanoi (VNA) – Vietnam’s business environment has seen remarkably improvements, said Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc at a conference on December 17. Wood processed at Woodland Joint Stock Company in Tuyen Quang province. (Illustrative image. Source: VNA) However, the country still needs to step up reform process in order to become...
Reference exchange rate down 4 VND on December 18
Reference exchange rate down 4 VND on December 18
Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate at 23,158 VND/USD on December 18, down 4 VND from the previous day. Transaction at Techcombank (Photo: VNA) With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,852 VND/USD and the floor rate 22,463 VND/USD....
Government urges quick disbursement of public investment by year end
Government urges quick disbursement of public investment by year end
Hanoi (VNS/VNA) - The Ministry of Planning and Investment has proposed withholding investment next year for projects that had been slow to disburse their allocated funding in 2019. Construction on the urban railway project connecting Nhon and Hanoi train station (Photo: VNA) According to the proposal, projects that had disbursed less than 50 percent of their assigned public investment...
No shortages of fresh food are expected for Tet holiday
No shortages of fresh food are expected for Tet holiday
HCM City (VNS/VNA) - Supplies of poultry and pork products are expected to be sufficient in HCM City during the upcoming Lunar New Year (Tet) holiday, which falls on January 25. Customers buy pork at a supermarket in HCM City. Businesses say that the supply of pork and other fresh food products will be sufficient for the Tet holiday...
Remittances to Vietnam to further rise in 2019
Remittances to Vietnam to further rise in 2019
Hanoi (VNA) – Remittances to Vietnam are likely to further increase in 2019 because overseas Vietnamese people believe in the stability of the economy and see better investment opportunities, economist Nguyen Tri Hieu said. Remittances to Vietnam are likely to further increase in 2019. (Photo: VNA) He attributed the increasing trust to the government’s various policies to improve the...
State to continue support for fuel price fund
State to continue support for fuel price fund
Hanoi (VNS/VNA) - The fuel price stabilisation fund helps the central government manage domestic fuel prices for the foreseeable future, said Hoang Anh Tuan, Deputy Director of the Domestic Market Department under the Ministry of Industry and Trade, in a recent meeting with industry leaders. Illustrative image (Source: VNA) The new Government Decree 83, which oversees regulations on fuel...
Reference exchange rate down 5 VND on December 13
Reference exchange rate down 5 VND on December 13
Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate at 23,160 VND/USD on December 13, down 5 VND from the previous day. Illustrative image (Photo: VNA) With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,855 VND/USD and the floor rate 22,465 VND/USD. The...
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