In order to help enterprises overcome their difficulties and prepare to welcome new investment after the pandemic, the province’s leaders assigned departments and relevant authorities to implement solutions to support businesses. Notably, the province organised numerous meetings, seminars, and working sessions with investors and enterprises to discover their difficulties. In addition, the province entered into a co-operation with the State Bank of Vietnam to build supporting policies for businesses, including decreasing loan interest and extend debt payment deadlines. Besides, the Department of Taxation supported enterprises to extend the deadline for tax payments and the fee for land rental. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 7
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On his part, Vodacom Tanzania PLC Managing Director Mr. Hisham Hendi, said that international remittances make possible people and small businesses to stay connected irrespective of geography. He further pointed out that international remittances continue to transform the lives of thousands of Tanzanians through facilitating payments in education, health, and various business segments which is why Vodacom M-Pesa has aimed to continue providing a platform for Tanzanian diaspora to effectively participate in socio-economic activities which will contribute to the overall development of the country. … [Read more...] about Vodacom Tanzania: Send money to Tanzania from anywhere around the World
Prime Minister Nguyen Xuan Phuc decided to cut 50 per cent of registration fees for locally-manufactured and assembled cars till the end of this year. The reduction was proposed by the Ministry of Industry and Trade to help local businesses recover production and trade as well as stimulating consumption of cars. … [Read more...] about Car sales rocket after registration fee cut
Hanoi (VNS/VNA) - The Ho Chi Minh City Development Joint Stock Commercial Bank (HOSE: HDB) plans to pay a dividend of 65 percent for 2019, 50 percent in stocks and 15 percent in bonus shares. The lender announced this at its annual general meeting in HCM City on June 13. The charter capital of HDBank, as it is known, will increase from the current 9.8 trillion VND to nearly 16 trillion VND after the dividend payment. The bank aims to increase its charter capital to meet the State Bank of Vietnam’s requirements to improve its financial capacity to develop its client network, expand market share and business scale, diversify banking services, and improve risk management capability. The bank also aims to supplement its medium- and long-term capital, enhance its infrastructure, and build a headquarter with a modern information technology system. This year HDBank expects its total assets to increase by 33 percent to 305 trillion VND, deposits to 275 trillion VND, up 35 … [Read more...] about HDBank to pay dividend at a rate of 65 percent
In the economic outlook for the second quarter entitled “Darkest before the dawn”, the bank said the manufacturing sector, which accounts for one-third of the country’s GDP, is expected to grow only 3 percent this year compared to 11 percent in 2019. … [Read more...] about Standard Chartered Bank: Vietnam’s 2020 economic growth to fall to 3.3 pct.