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Red tape to be cut nationwide in 2019

Red tape to be cut nationwide in 2019

2019 will be a busy year for ministries looking to cut business prerequisites, and firms should contribute to making the process more efficient, said Nguyen Dinh Cung, Director of the Central Institute for Economic Management (CIEM).

Banks banned from disclosing client information

Banks banned from disclosing client information

The Government has issued Decree 117/2018 directing local credit institutions and branches of foreign banks to ensure that information remains confidential about their clients, and only provide information in line with the 2010 Law on Credit Institutions and relevant legal documents, reported news website VnEconomy.

Gov’t aims to boost public service payment through banks

Gov’t aims to boost public service payment through banks

The Government will continue to fine-tune legal regulations to popularise the payment of public services through banks, deputy governor of the State Bank of Vietnam (SBV) Nguyen Kim Anh said at a forum on accelerating the payment of public services via banks held in Hanoi on August 24.


First bank reduces loan interest rates in 2018

First bank reduces loan interest rates in 2018

Vietcombank said it will continue reducing its loan interest rates for five groups of prioritised borrowers in 2018 in accordance with Circular No. 39/2016/TT-NHNN dated December 30, 2016 of the State Bank of Vietnam (SBV).

ADB continues infrastructure investment in Vietnam

ADB continues infrastructure investment in Vietnam

The Asian Development Bank (ADB) will continue its support for infrastructure development in Vietnam, said ADB Vice President for Knowledgement Management and Sustainable Development Bambang Susantono at a press conference on March 8.