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Accordingly, the interest rate of compulsory reserves in VND at banks will be 0.5 percent per annum, and the interest rate on dong deposits from banks that exceed the minimum 3 percent requirement will be zero percent per annum, down 0.5 percent compared to the rates stipulated in a decision on March 16 this year. Meanwhile, the interest rate for deposits in VND by the Vietnam Development Bank (VDB) and Vietnam Bank for Social Policies (VBSP), both state-owned banks; People's Credit Funds and microfinance institutions will be reduced by 0.2 percent to 0.8 percent per annum. The interest rate for deposits of the State Treasury, and the Deposit Insurance of Vietnam with the SBV is revised down to 0.8 percent per annum, down 0.2 percent. The SBV said the adjustment was made based on macro-economic developments and the level of interest rates in the market. … [Read more...] about State Bank of Vietnam cuts some interest rates

Nestlé’s priorities cover the fields bringing business benefits that match with social benefits, including nutrition, focusing on children; helping to constitute prosperous communities; sustainable development in rural areas; and management of natural resources for future generations. … [Read more...] about Nestlé Vietnam honoured with Certificate of Merit from Vietnamese prime minister

At least 20 companies in An Đồn, Hòa Cầm, Hòa Khánh and Thọ Quang IZs had to close temporarily for two weeks as six workers were infected with SARS-CoV-2. A series of enterprises at six IZs have been operating with half the workforce as many were isolated at quarantine centres or at home after coming into close contact with COVID-19 patients.  … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia August 7

“In this spirit, along with other ASEAN countries, Vietnam hopes that all countries – including ASEAN partner countries – would make efforts to the contributions of peace and stability in the East Sea, as well as the settlement of disputes via dialogues and other peaceful measures in accordance with international law, the common interests and aspirations of countries in the region and of the international community,” Hang said. … [Read more...] about Vietnam condemns China’s illegal moves, confirms respect for international law in East Sea

A signing ceremoney of an agreement on oil and gas cooperation between Vietnam National Oil and Gas Group (Petro Vietnam) and Brunei National Petroleum Company (Petroleum Brunei), November 27, 2012 at Istanal Palace Nurul Iman, during a state visit to Brunei of State President Truong Tan Sang (Photo: VNA) … [Read more...] about ASEAN’s investment contributes significantlly to Vietnam’s economic development