January 25, 2010
LookAtVietnam – Commercial banks, which have been warned about difficulties in 2010, do not want to set overly high profit targets for 2010. The Government has sent a clear message that the credit growth rate in 2010 must not exceed 25 percent – a rate that is much lower than the 38-39 percent in 2009. [...]
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October 6, 2009
LookAtVietnam – Despite challenges, most commercial banks have reported satisfactory profits for the first three quarters of the year. An Binh bank has reported profits of 281 billion dong ($16.52 million) in the first nine months of the yearAn Binh bank has reported profits of 281 billion dong ($16.52 million) in the first nine months [...]
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July 23, 2009
The State Bank of Vietnam has affirmed that it does not have a plan to issue compulsory bonds to withdraw cash from circulation as it has been rumoured. Director of the Monetary Policy Department under the State Bank of Vietnam Nguyen Ngoc Bao told Thoi bao Kinh te Vietnam that this is just a rumour [...]
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May 21, 2009
The National Assembly Committee for Finance and Budget on May 20 rejected the government’s scheme to waiver personal income tax in the second half of 2009 for government employees and traders who have average income. Minister of Planning and Investment Vo Hong Phuc confirmed that exemption and reduction of PIT for average income earners in [...]
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March 31, 2009
The government’s plan to cut the GDP growth rate target for 2009 to 5% is being called a positive move. The government will have to restructure its revenue and spending. These are the opinions of economists and National Assembly deputies about this issue. Mr. Le Quoc DungVietNamNet Bridge – The government’s plan to cut the [...]
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February 12, 2009
Unlike previous years, when commercial banks always set ambitious business targets, targets banks plan to submit to boards this year prove to be quite a bit more modest. Banks have every reason not to set overly ambitious business plans for 2009, when the market is expected to see continued difficulties. Enterprises’ narrowed markets will make [...]
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