Inflation in Vietnam has always been higher than in any other nation in the region since the country carried out renovation, says a research project published on Tuesday. The research shows that in all five-year periods between 1991 and 2012, Vietnam outpaced all other regional nations in only one aspect: inflation. The research conducted by Dao Van Hung, Nguyen Thac Hoat and their colleagues at the... 

A number of banks lowered their U.S. dollar prices in the last 48 hours, but others are still quoting the greenback at high levels, hitting the ceiling of VND21,036 for a dollar. At Techcombank, the ceiling price has remained unchanged since last Thursday. Some other banks, like Vietcombank, cut the dollar price to around VND20,020, down a mere VND16 over the preceding day. Meanwhile, Sacombank, BIDV... 

Foreign investors can own stakes exceeding the prescribed limit in local banks, says a draft decree prepared by the State Bank of Vietnam (SBV). The decree is drawn up to replace Decree 69/2007/ND-CP dated April 20, 2007. It has been submitted to the Government. As per the draft decree, an individual foreigner can own a maximum stake of 20% in a credit institution with no need to get the nod from... 

The local market gained big ground for a second straight session on Tuesday thanks to strong cash flow running to blue-chips, lifting the VN-Index past the 500-point level for the first time since April 11. After the VN-Index successfully broke above the 491-point resistance, sentiment was buoyed by FPT and VNM’s early rallies and soon swept through the broad market. Though failing to maintain the... 

As effects of the VND30-trillion housing loan subsidy package faded out last week, securities firms expect the local market to move in a narrow range with low liquidity this week, with investors expected to reduce trading to wait for more positive news. The market last week traded in thin range given a lack of news, especially in terms of business earnings releases. With investor sentiment leaning...