Vietcombank sign $150 million loan agreement with Bank of Austria
Banking sources released that Vietcombank has signed a loan agreement of $150 million with Austria’s Raiffeisen Zentralbank Osterreich AG (RZB), under which RZB agree to lend U$150 million to the Bank for Foreign Trade of Vietnam, with term of five years.
Local commercial banks are eager to hike their dollar interest rates
The US Federal Reserve (Fed) on September 22 hiked its interest rates by another quarter percentage point to 1.75 percent for the second time since June of the year.
E-taxation to be implemented by 2006
The General Department of Taxation (GDT) is conducting a project to develop an e-taxation system for application by 2006.