The Vietnamese government has announced it would continue to delay the corporate income tax for the duration of 2010 to boost the economy. Under Prime Minister Nguyen Tan Dung’s recent decision, small and medium-sized enterprises (SMEs), companies engaging in production, and textile and footwear outsourcing firms will enjoy corporate tax delays all year. SMEs are companies that have charter capital... 

Dollar and dong loan rates in Vietnam started falling on Monday thanks to improved liquidity following a week-long holiday as the central bank kept injecting cash into banks after a devaluation this month. Bankers said the central bank has come under pressure to raise the base rate, Vietnam’s benchmark interest rate, possibly from next month, to help ease inflation. High demand for cash before Tet,...