Nguyen Trong Hieu, deputy head of the Institute of Business Studies and Development, said though the fund could not lend to more than 5 percent of the total number of SMEs in the country, it is still a major step in supporting startups, which are struggling to access bank credit. … [Read more...] about Banks out of loop, government fund to lend directly to startups
Parkway bank and trust co
Reference exchange rate up 4 VND on January 15
Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate at 23,136 VND per USD on January 15, up 4 VND from the previous day. With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,829 VND/USD and the floor rate, 22,442 VND/USD. The opening hour rates at some commercial banks slightly fluctuated. At 8:25 am, Vietcombank listed the buying rate at 23,950 VND/USD and the selling rate at 23,160 VND/USD, both unchanged from January 14. BIDV listed the buying rate at 22,980 VND/USD, up 10 VND, and the selling rate at 23,160 VND/USD, down 10 VND. Meanwhile, Vietinbank added 5 VND to both rates, at 22,923 VND/USD (buying) and 23,166 VND/USD (selling)./. … [Read more...] about Reference exchange rate up 4 VND on January 15
Steam, Netflix do business in Vietnam without paying taxes
This platform has subsidized Vietnam since 2017, so the game price could be at least half cheaper. Previously, games sold on Steam were calculated at USD rates, with US tax (up to 30%). After the price is converted to the VND, games on Steam are sold at least half the price when paying by international credit card by users with a location in Vietnam. As a result, Vietnamese traffic currently accounts for 0.3% of Steam's total bandwidth, only 0.1% to 0.2% lower than regional countries such as Malaysia, the Philippines or Indonesia. … [Read more...] about Steam, Netflix do business in Vietnam without paying taxes
VN-Index sees biggest foreign net sell in eight months
Despite this, ROS closed at VND3,500, far below its VND12,600 IPO in 2016 and a high of VND178,000 in late 2017. The ticker has been plummeting since early 2018 as a result of increasingly poor business performance, and is now the smallest capped ticker on the VN30. … [Read more...] about VN-Index sees biggest foreign net sell in eight months
HCMC mulls mechanical trash picker for canal system
Since 2013, the city has organized for environmental workers to sail along canals and use rackets to scavenge for trash, but this method has been said to be inefficient, with too much time and efforts spent while the amount of trash collected is limited. … [Read more...] about HCMC mulls mechanical trash picker for canal system