The Business Times: Vietnam banks race to keep dollar borrowers as tightened lending conditions near

---

• Vietnam banks race to keep dollar borrowers as tightened lending conditions near
• Vietnamese economy outperforms regional peers, says ANZ
• Prime Minister kicks off PetroVietnam’s gas projects
• GrabCar officially launched in HCM City
• VC9: Annual General Mandate 2016
• Vietnam Becoming Wary of Too Many Incentives to Foreign Investors
• Vietnam’s GDP Declared Robust, Growth Expected
• QNB: VN listed among fastest emerging markets
• TPP forecast to give Vietnam a boost over Cambodia
• Banks take out int’l loans to meet long-term needs

Vietnam banks race to keep dollar borrowers as tightened lending conditions near Posted: 04 Apr 2016 04:49 PM PDT Starting April 1, commercial banks in Vietnam are banned from offering corporate loans in currencies other than the dong, according to Circular No.24 the State Bank of Vietnam (SBV) announced in December last year. The ban targets businesses that exchange foreign currency loans into dong to pay for equipment and machinery, according to Bui Quoc The post Vietnam banks race to keep dollar borrowers as tightened lending conditions near appeared first on Vietnam Business News.

Vietnamese economy outperforms regional peers, says ANZ Posted: 04 Apr 2016 04:46 PM PDT The bank expects Việt Nam's GDP to rise 6.9% in 2016 and 6.5% in 2017 despite agricultural recession. In Q1, 2016, Viet Nam's GDP grew 5.46%, lower than ANZ's previous forecast of 6.2%. ANZ attributed the decline of 1.2% agricultural production to cold weather in the North and El Nino in the Mekong Delta. The The post Vietnamese economy outperforms regional peers, says ANZ appeared first on Vietnam Business News.

Prime Minister kicks off PetroVietnam’s gas projects Posted: 04 Apr 2016 07:13 AM PDT Prime Minister Nguyen Tan Dung pressed the button to commence the Block B-O Mon gas project launched by the Vietnam National Oil and Gas Group (PetroVietnam) in the southern province of Kien Giang on April 3.  At the launching ceremony The key national project hopes to collect 107 billion cubic meters of gas and 12.65 The post Prime Minister kicks off PetroVietnam's gas projects appeared first on Vietnam Business News.

GrabCar officially launched in HCM City Posted: 04 Apr 2016 07:13 AM PDT Southeast Asian taxi hailing app Grab officially launched its GrabCar service in HCM City last week after receiving approval from the Government.  Grab Vietnam General Manager Nguyen Tuan Anh (R) speaks at the launching ceremony Grab last January successfully sought the Government's approval to trial GrabCar as well as the creation of a legal framework The post GrabCar officially launched in HCM City appeared first on Vietnam Business News.

VC9: Annual General Mandate 2016 Posted: 04 Apr 2016 07:12 AM PDT The Ministry of Finance recently rejected a demand from Samsung Electronics for a 50 percent tax reduction for three more years for its two plants in the provinces of Thai Nguyen and Bac Ninh.The two received special incentives — no income tax for the first four years of operations and 50 percent tax for the The post VC9: Annual General Mandate 2016 appeared first on Vietnam Business News.

Vietnam Becoming Wary of Too Many Incentives to Foreign Investors Posted: 04 Apr 2016 07:12 AM PDT Vietnam Becoming Wary of Too Many Incentives to Foreign Investors The Ministry of Finance recently rejected a demand from Samsung Electronics for a 50 percent tax reduction for three more years for its two plants in the provinces of Thai Nguyen and Bac Ninh. The two received special incentives — no income tax for the The post Vietnam Becoming Wary of Too Many Incentives to Foreign Investors appeared first on Vietnam Business News.

Vietnam’s GDP Declared Robust, Growth Expected Posted: 04 Apr 2016 07:11 AM PDT Vietnam's GDP Declared Robust, Growth Expected Vietnam's gross domestic product (GDP) growth is forecast to be robust in 2016 and 2017, possibly outperforming other countries in the region, according to international banks. In a report released last week, ANZ expects Viet Nam's GDP to rise 6.9 per cent in 2016 and 6.5 per cent in The post Vietnam's GDP Declared Robust, Growth Expected appeared first on Vietnam Business News.

QNB: VN listed among fastest emerging markets Posted: 04 Apr 2016 05:50 AM PDT Illustration photo According to the QNB's economic report released on March 28, Viet Nam's economic growth may attain 7% or even higher in 2016 and 2017. The prospects of Viet Nam's economy show positive signs, suitable with reports of the QNB in December 2015 with the economic growth of 7% in 2016 and 7.5% in The post QNB: VN listed among fastest emerging markets appeared first on Vietnam Business News.

TPP forecast to give Vietnam a boost over Cambodia Posted: 04 Apr 2016 05:50 AM PDT Citing World Bank statistics, Susan Green, a professor of law at the Royal University of Law and Economics, said preferential tariff reductions or eliminations to the US market under the TPP could boost Vietnam's GDP by 10 per cent by 2030. She said manufacturers were already looking to leverage the trade framework, sinking investment into The post TPP forecast to give Vietnam a boost over Cambodia appeared first on Vietnam Business News.

Banks take out int’l loans to meet long-term needs Posted: 04 Apr 2016 05:49 AM PDT Vietinbank said the foreign currency loan would provide the bank with funds for the production and business activities of enterprises.-File Photo Sai Gon Thuong Tin Commercial Bank (Sacombank) has inked a contract to borrow US$50 million from Cathay United Bank to secure capital for the provision of medium and long-term loans. Vietinbank has recently also The post Banks take out int’l loans to meet long-term needs appeared first on Vietnam Business News.

You are subscribed to email updates from Vietnam Business News. To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States