Vietnam stock market clears major legal hurdle to potential upgrade
Starting November 2, foreign investors will no longer be required to pre-fund 100% of their transactions, promising the removal of a major roadblock for Vietnam's market upgrade process.
21:44, 2024/11/11
Vietnam's credit growth up 10% in 10 months
Vietnam’s central bank has set a credit growth target of around 15% this year.
17:37, 2024/08/06
Vietnam, Singapore strengthen partnership in stock exchange operations
The two sides will focus on cooperation in digital transformation, cybersecurity, tax management, and market operations.
22:07, 2024/07/10
Taxes revenue from online shopping in Vietnam nearly triple in H1
Vietnam has 3.1 million business households and individuals, many of whom sell goods and services online without registering, declaring, or paying taxes.
11:44, 2022/01/11
ADB, TPB join hands to finance women-led SMEs in Vietnam
The grant will improve Tien Phong Commercial Joint Stock Bank's capacity to lend to women-owned and led small and medium-sized enterprises, hire staff, and promote its services to female borrowers.
17:05, 2021/12/30
Banking sector to lower lending rates in 2022: Deputy Prime Minister
The banking sector is expected to tighten credit into risky fields, including real estate and securities.
21:26, 2021/12/28
Vietnam's credit growth expands by 13% in 2021
Next year, the State Bank of Vietnam expects the credit expansion to be around 14%, slightly higher compared to this year, for which the central bank is committed to further restricting credit going into risky fields.
21:41, 2021/12/27
Integrating utilities into chip cards to attract Vietnamese users
A large number of magnetic-card holders in Vietnam have not seen many benefits from using chip cards so they refuse to make the replacement.
22:12, 2021/12/24
Upcoming tax cut package estimated at US$2.62 billion: Finance minister
This year, tax revenue was estimated at VND1,510 trillion ($66.1 billion), exceeding the year’s estimate by 12.47%.
17:21, 2021/12/24
Vietnam’s retail banking forecast to boom by 2026
Digital transformation in banking is indispensable to providing products and services to the Vietnamese population, especially the vulnerable.
16:40, 2021/12/21
Vietnam c.bank prioritizes drafting national digital currency policy in 2021-2025
The move is aimed at promoting non-cash payment in Vietnam during the period.
16:57, 2021/12/01
Vietnam's credit demand surges in final months of 2021
Credit growth in 2021 is estimated at around 12-13%, roughly the rate recorded in the same period of last year.
16:46, 2021/11/29
Hanoi Stock Exchange considers launching single stock derivatives
The move is aimed at diversifying products on offer and boosting market liquidity.
09:26, 2021/11/27
C.bank expands credit quota for banks to meet growing credit demands
Many banks have reached their respective credit limits in the first nine months of 2021.
19:35, 2021/11/26
Vietnam bond market expands to over US$83 billion: ADB
On an annual basis, the bond market expanded 23.5% year-on-year in the third quarter, slowing from 27.5% year-on-year growth in the second one.
13:09, 2021/11/24
Banks forego over US$684 million for customers
Banks’ profits are expected to decline by a total of VND20.6 trillion (US$908.3 million) until late 2021 due to business support schemes during the pandemic.
16:06, 2021/11/23
Central Bank injects $2.63 billion into forex reserves
This resulted in trillions of dong being pumped into the economy and helped reduce the inter-banking lending rates.
09:54, 2021/11/20
Vietnam household spending to return to conventional patterns in 2022: Fitch Solutions
The estimated consumer spending growth of 5.7% in 2022 stays in line with the agency’s forecast of economic growth by a real rate of 8% year on year.
16:25, 2021/11/19
Vietnamese Gov’t to push for digital society for public’s benefits
Only when the people are aware of the benefits of non-cash payments then the Government’s efforts could be considered successful.
11:30, 2021/11/19
Vietnam stays firm in top 10 remittance recipients in 2021 with US$18.1 billion
The year 2021 will be the fifth in a row that Vietnam remains in the top 10 in terms of remittance.
10:59, 2021/11/19
Mobifone greenlighted to pilot Mobile Money services
The mobile carrier is set to provide the service at 600 stores and distributors in the first phase, with the view of expanding to 10,000 dealers during two years of pilot implementation.
15:12, 2021/11/17
Cashless society one step away from being a reality in Vietnam
In long term, non-cash payment as one of the key payment methods in the economy would promote sustainable growth and ensure a transparent business environment.
16:02, 2021/11/16
Vietnam's finance ministry proposes extending taxes and fees cut until mid-2022
The Covid-19 pandemic is expected to remain complicated in 2022, given the risk of new variants with higher transmissibility representing bigger danger.
14:49, 2021/11/15
Vietnam banks restructure debts worth over US$24 billion during pandemic
Banks have foregone around VND31.4 trillion ($1.38 billion) in profits by lowering lending rates from January 23, 2020, to late October 2021.