Regional, international financial centers mean boosters to Vietnamese economy: Deputy PM
Ho Chi Minh City envisions its financial center encompassing the money market, banking system, capital market, and derivatives market.
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.
06:49, 2021/01/04
Vietnam’s strong economic recovery to further take Vn-Index to nearly 1,300 in 2021
The fact that interest rates are still very low, will help the local stock markets continue to be an attractive and profitable channel, thereby attracting domestic investor.
14:11, 2020/12/31
Alliex cooperates with banks to boost Vietnam non-cash payment
Alliex, a fintech company, has cooperated with banks to develop the non-cash payment system nationwide.
16:02, 2020/12/30
Vietnam consumer spending rises 2.6% to $220 billion in 2020
Vietnam's effective containment of Covid-19 is seen as a major factor to boost retail sales during final months of the year.
15:26, 2020/12/29
Capital inflows into Vietnam stock market surges 20% to over US$16 billion in 2020
The average transaction value in the stock market is estimated at VND7.05 trillion (US$304.8 million) per session, up 51.5% year-on-year.
21:13, 2020/12/28
Prime Minister agrees merger of bourses
The move is aimed to ensure greater efficiency and transparency of Vietnam’s stock market.
17:50, 2020/12/28
Vietnam's cost of living rises 3.23% in 2020
Core inflation rose 2.31% year-on-year in 2020.
15:17, 2020/12/28
Vietnam records US$5.42 billion fiscal deficit in 2020
As of December 15, the budget revenue collection reached VND1,307.4 trillion (US$56.67 billion), equivalent to 86.5% of the year's estimate.
17:53, 2020/12/26
Prime Minister urges banks to further cut interest rates
The Central bank has lowered its interest rate cap three times by a combined of 1.5-2 percentage points per annum, which is the largest cut in the region.
11:52, 2020/12/24
Vietnam credit growth hits 10.14% as of December 21
The banking system has been providing support for 590,000 customers, mainly in forms of debt restructuring or freezing and waiving debt payment with outstanding loans worth over VND1,000 trillion (US$43.31 billion).
15:21, 2020/12/23
Vn-Index on track to reach 1,800 points: Pyn Elite Fund
The Vietnamese stock market can surprise investors with a “big year” returns during the 2020-24 period.
15:04, 2020/12/23
JICA backs Vietnam’s efforts to apply int’l financial reporting standards
Applying international standards becomes necessary amid the world's financial markets have become increasingly interconnected.
11:53, 2020/12/22
Bad debt ratio in Hanoi banking sector stays at 1.91%
Total capital mobilized by credit institutions in Hanoi this year is estimated to increase by 12.91% year-on-year and total outstanding loans at 9.58%.
07:43, 2020/12/22
Vietnam banks speed up replacement of magnetic cards
To help accelerate the application of chip cards, most banks are offering the switch free of charge.
14:40, 2020/12/21
Week ahead: Stock market set to ride on optimism to 1,200
The money flow is expected to help the market moving to the 1,070-1,085-resistance zone for a short correction phase, but will continue to maintain its positive uptrend by the weekend.
15:37, 2020/12/20
Vietnam banks required to issue chip cards from March 2021
As of the end of the third quarter, Vietnam has around 93.78 million bank cards in circulation, in which the majority are magnetic cards.
09:09, 2020/12/19
Vietnamese localities authorized to set up Local Development Investment Funds
The Decree governing the establishment and operation of the Local Development Investment Funds was signed by the Prime Minister on December 18.
17:45, 2020/12/18
Tax and fiscal support in response to coronavirus crisis
The Ministry of Finance is planning to further support the business community, including the extension of the validity period for existing support programs already in place.
12:06, 2020/12/18
Vietnam has no intention to manipulate currency
A devaluation of the Vietnamese dong will disrupt and cause severe consequences to the local economy, said an expert.
17:10, 2020/12/17
Vietcombank becomes largest cap company in Vietnam stock market
This is the first time that the state-run bank claims the first spot in the stock market in terms of market capitalization.
15:55, 2020/12/17
Vietnam authorizes online gold trading
It is the first time that a traditional gold trading enterprise in Vietnam is allowed to conduct online gold trading.