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Vietnam extends deadline for banks to increase capital
Written on 15 Dec, 2010 at 7:45 in Finance, Latest Vietnam Economic News | viewed 1,426 times | 0 Comments
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)
Depositing Gold have to pay Personal Income Tax by 5%
Written on 11 Dec, 2010 at 11:21 in Finance, Latest Vietnam Economic News | viewed 1,370 times | 0 Comments
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)
Bank Accounts increase 400% in HCMC
Written on 11 Dec, 2010 at 10:11 in Finance, Latest Vietnam Economic News | viewed 1,432 times | 0 Comments
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)
VND / USD Exchange rate continues to increase rapidly
Written on 25 Nov, 2009 at 23:49 in Finance | viewed 5,207 times | 0 Comments
Early this week, the average rate that banks continue to rise strongly reaching 17,034 VND/USD. After exceeding USD 17,000 milestone on October 10, 2009, the average transaction exchange rate on the foreign exchange market inter-bank by the State Bank announced... (Continue reading)