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Vietnam’s capital market shows positive signs: Finance Ministry
The government is planning to set up a capital trading platform for innovative start-ups.
14:12, 2024/03/23
Finance ministry clears bottlenecks to pave way for stock market upgrade
One of the key measures is to allow securities companies with sufficient capacity to provide services without requiring foreign investors to have 100% of the funds before placing purchase orders for securities.
22:20, 2024/03/20
Over 60% of Vietnamese use QR codes to pay
Vietnam also leads Southeast Asia in terms of new e-wallet users.
20:39, 2024/03/18
Casinos contribute US$370 million to state budget over 5 years
The number of Vietnamese gamblers is falling.
20:06, 2023/06/06
Drought insurance for Vietnamese farmers launched
The Australian insurtech startup made inroads into Vietnam's agricultural insurance sector, aiming to insure farmers against Southeast Asia's volatile weather.
17:58, 2023/05/29
Local banks cap deposit rates at 8.5%/year
Lowering bank rates helps businesses and individuals access credit, stimulating the economy.
22:18, 2023/05/25
Gov’t finalizes 2% VAT cut plan for goods and services
With the VAT cut to 8% in the second half of this year, the government estimates a revenue loss of VND24 trillion (US$1 billion).
13:41, 2023/05/25
Banks urged to further cut lending rates
The central bank will continue instructing banks to reduce interest rates, share profits with businesses, and undertake debt restructuring with a greater sense of urgency.
08:42, 2023/05/25
Vietnam's Central Bank cuts policy rate for third time
The aim is to steer the market towards a downward trend in interest rates in the future by lowering the ceiling on deposit and operating rates.
09:43, 2023/05/06
Thai KBank becomes the second largest chartered foreign bank in Vietnam
With a charter capital of over US$285 million, KBank is the second largest foreign bank branch in Vietnam by charter capital.
17:37, 2023/05/04
ADB, Switzerland cofinance US$5 million to improve access to finance for SMEs in Vietnam
This funding, along with a $2 million contribution from the Japan Fund for Prosperous and Resilient Asia and the Pacific financed by the Government of Japan, will support technical assistance to expand inclusive and climate finance in the country.
21:42, 2023/04/26
Thai firm to acquire Starprint Vietnam for US$44.7 million
The merger is expected to close in the third quarter of 2023.
20:03, 2023/04/25
Banks to keep lowering interest rates: Deputy governor
After the last two interest rate cuts, lending rates on the market have fallen to below 8% per annum.
10:50, 2023/04/25
Vietnam news highlights for April 25, 2023
Check out the latest news about Vietnam.
12:52, 2023/04/18
Vietnamese Gov’t agrees to cut VAT tax to 8% until year end
This would reduce budget revenues by VND5.8 trillion (US$246.7 million) per month and by VND35 trillion (US$1.48 billion) over the last six months of the year.
23:42, 2023/04/07
Vietnam’s stock market holds much potential for stronger growth: SSC
With a P/E ratio of 11x, lower than most other markets in the world, the Vietnamese stock market is a very attractive choice for long-term investment.
19:13, 2023/04/04
Central bank buys US$4 billion of currencies in Q1
Amidst the global uncertainties, the Central Bank has been buying back foreign currencies to ensure an adequate trade balance and economic stability.
18:32, 2023/04/01
News highlights for April 1, 2023
Find out the latest news about Hanoi and Vietnam in a five-minute brief.
16:11, 2023/03/28
Vietnamese banks that 'disappear' from the market
Some banks used to be very popular, with hundreds of thousands of customers, but they gradually disappeared from the market because of many reasons.
20:48, 2023/03/27
Japan's SMBC acquires 15% stake in VPBank for US$1.5 billion
The agreement surpasses the VND20 trillion ($850 million) acquisition of a 15% stake in BIDV from KEB Hana Bank (South Korea) in 2019, setting a new record in the banking industry.
15:29, 2023/03/15
Vietnam c.bank reduces policy rates
The country's central bank said the cut in the benchmark interest rate was a crucial step toward reducing market interest rates in the near future.
17:23, 2023/03/08
More female leaders needed in Vietnam’s banking sector: IFC
Gender-diverse leadership teams offer significant benefits to banks, from the strength of leadership teams, and cultural diversity, to viable financial performance metrics.
18:49, 2023/03/07
Corporate bond issuers allowed extending maturity period by 2 years
The new regulation allows bond issuers to extend the term of their bonds by up to two years, which was previously not permitted.
18:03, 2023/03/01
Hanoi mulls strategy to reform tax system until 2030
The application of modern and highly automated information technology is expected to create the best conditions for taxpayers to fulfill their tax obligations.
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