Finance

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Inflation hits a record high in Vietnam

Inflation hits a record high in Vietnam

Inflation rates have reached a frightening level in Vietnam after extra currency flooded the market causing the domestic demand to shoot up. The devaluation of the Dong (national currency of Vietnam) did not help either. The current inflation rate in... (Continue reading)

Banks will exchange banknote 2 USD as present for New Year’s Day

Banks will exchange banknote 2 USD as present for New Year’s Day

From 16/12, Saigon Bank (SCB) will exchange dollars from a larger value into the new notes value of $2 that has a fee, applicable to all customers. Customers have to bring foreign currency to exchange for foreign currency, but banks... (Continue reading)

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Vietnam extends deadline for banks to increase capital

Vietnam extends deadline for banks to increase capital

Deadline is extended for Vietnam banks to increase registered capital by one year to ease pressure on banks having difficulty meeting higher requirements. Prime Minister Nguyen Tan Dung has approved the proposal requiring local lenders to raise registered capital levels... (Continue reading)

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Citibank Vietnam launches travel credit card

Citibank Vietnam launches travel credit card

Citibank N.A. Vietnam Friday announced the launch of the Citibank Premier Miles Credit Card targeted at elite and affluent consumers in the country, where the American bank has been present since 1993. “We think the card market here is just... (Continue reading)

Depositing Gold have to pay Personal Income Tax by 5%

Depositing Gold have to pay Personal Income Tax by 5%

Many people were surprised at the news. Under the new rules, Banks are only allowed  raise Gold capital by issuing in the form of Gold deposit certificates. Paying 5% Tax for depositing Gold. 29th October 2010, State Bank issued Circular... (Continue reading)

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Bank Accounts increase 400% in HCMC

Bank Accounts increase 400% in HCMC

A recent survey conducted at 100 commercial banks in HCM City found that individual accounts at these banks have increased from 5.5 million in 2006 to 19.5 million in September this year. The survey, which was released by the State... (Continue reading)

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Who to buy BP assets in Vietnam

Who to buy BP assets in Vietnam

The  properties of BP corporation in Vietnam are worth $1.3 billion – said the BP’s representative in Vietnam. BP plans to sell its shares in Vietnam and Pakistan to obtain USD $10 billion to solve the problems of oil spill ... (Continue reading)

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China’s gold demand will reach record

China's gold demand will reach record

China can achieve the production and consumption of gold this year due to record gold prices increased strongly and operators to expand production, China Gold Association said on November 29. Gold demand in 2009 of China can be up over... (Continue reading)

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Insurance Company of Cambodia – Vietnam granted operating license

Insurance Company of Cambodia - Vietnam granted operating license

On November 14, 2009, in PhnomPenh, Cambodia, Insurance Company of Cambodia – Vietnam (CVI) officially granted the license to operate, becoming the 7th insurance companies in Cambodia market. CVI has been granted established  Licese by the Finance Ministry of Economy... (Continue reading)

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Dubai’s financial difficulties do not lead to new crisis

Dubai's financial difficulties do not lead to new crisis

Above is the Review of the analysts of the event Dubai World thirst for nearly 60 billion debt. Domino effect in the Gulf will not happen because other countries like Saudi Arabia, Abou Dhabi and Qatar are not credit problems... (Continue reading)

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