Local investors to buy foreign currency from commercial banks for overseas investments
The State Bank of Vietnam has asked the government to allow local investors to buy foreign currencies from commercial banks for their overseas investments.
Financial discrimination to be totally removed by 2005
Viet Nam is on track to introduce a one-price system for both locals and foreigners to meet the deadline in 2005, public services such as telecommunications charges will require a huge cut, reported the Ministry of Planning and Investment.
Govt allows cities new cash sources
The Government has given its nod to major economic hubs Ha Noi and HCM City to raise capital for development projects through new sources.