Vietnamese Gov’t forecasts CPI growth of up to 4.5% in 2025
With the goal of at least 8% GDP growth, the money supply in the economy will be significantly larger than in 2024. This will have an impact on price indices, particularly consumer prices.
15:51, 2025/02/24
Vietnam set to have digital banks within financial centers
Credit institutions headquartered in these financial centers will not be bound by restrictions on to foreign ownership or foreign investment conditions when providing services there or across borders.
14:30, 2025/02/15
Hanoi expands cashless parking pilot program
Hanoi is advancing its efforts to integrate technology into urban management by expanding the pilot program for cashless parking payments throughout the city.
16:58, 2025/02/11
Prime Minister urges banks to prioritize economic support over profits
One of the key priorities for the banking sector is to support small and medium-sized enterprises (SMEs), as they generate a large number of jobs and contribute significantly to the economy.
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.
14:58, 2020/12/16
Race for digital banking transformation heats up
The Covid-19 pandemic has changed customers’ behavior and perception regarding digital banking services.
08:58, 2020/12/16
Vietnam banks promote loans with low interest rates by year-end
Given abundant liquidity and low demand for credit, banks are offering attractive loans during the year-end period.
15:11, 2020/12/15
Vietnam finance ministry releases state budget estimate for 2021
The release of these figures is a key step in promoting transparency and publicity of Vietnam’s state budget.
14:41, 2020/12/14
Week ahead: Investors urged to stay cautious as stock market face correction pressure
Investors could take opportunity from a short correction of the market to accumulate shares, stated SSI Securities Corporation.
15:56, 2020/12/10
Vietnam stock market may be upgraded to emerging status before 2025
Vietnam’s stock market authorities are actively working with global providers of financial services in MSCI and FTSE Russell to speed up the market upgrading process.
12:00, 2020/12/10
Illegal forex activities face fines up to $216,000
The multi-level market forex activities are illegal in Vietnam.
12:19, 2020/12/09
Nearly $1 billion spent for Covid-19 control and disaster response
An addition of VND4.54 trillion (US$196.5 million) was mobilized to help mitigate impacts from natural disasters, flooding and African swine fever.
11:38, 2020/12/09
Black credit increases at year end
That interest rate was ten times higher than the banks’ rates but many people still accepted to borrow because they could not borrow from banks.
10:09, 2020/12/09
Struggling to balance State budget
The State budget collection this year is projected not to reach the estimate amid rising expenditure and declining fees and charges.
06:07, 2020/12/09
Banks need solutions to avoid bad debts
A banking expert said the central bank needs long-term and effective solutions to deal with bad debt after the pandemic.