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.
12:01, 2020/10/22
Foreign investors' perception key to help upgrade Vietnam stock market: Expert
It takes time for foreign investors to study the new regulations and change their perception to the Vietnam’s stock market, stated a senior official at the stock market watchdog.
15:40, 2020/10/21
Covid-19 pushes Vietnam fiscal deficit to nearly 6% of GDP
Such a high fiscal deficit is due to low state budget revenue and increase in regular spending under the severe Covid-19 impacts.
10:58, 2020/10/20
Lack of credit culture poses risks to Vietnam bond market: ADB
A credible domestic rating agency is a critical missing jigsaw piece in the orderly development of a healthy sustainable bond market in Vietnam, stated the ADB.
12:32, 2020/10/16
Vietnam finance ministry pushes for speedier privatization of SOEs
Only seven state firms have completed their respective privatization process in the first nine months of 2020.
14:40, 2020/10/15
Vietnam spends over US$752 million on Covid-19 fight
The government has set aside VND12.57 trillion (US$542.2 million) to support 12.65 million people directly hit by the Covid-19 pandemic.
11:39, 2020/10/14
IMF trims Vietnam GDP growth forecast to 1.6% in 2020
The country would remain the only one with positive growth among five major economies in ASEAN, and its economic growth would rebound to 6.7% in 2021.
14:25, 2020/10/13
Stable outlook expected for Vietnamese dong
While Vietnam is at risk of being listed as currency manipulator by the US, such a risk appears low, as the US will likely continue to reduce its dependence on Chinese exports by reorganizing its supply chain with other partners.
09:46, 2020/10/13
Vietnam banking sector to suffer in 2020 before rebounding in 2021
Fitch Solutions expected credit growth to weaken to 7% in 2020 from 13.7% in 2019, but the growth is predicted to pick up to 12% one year later.
16:29, 2020/10/10
Effective gov’t support mitigates Covid-19 impacts on Vietnam financial industry
Incentives timely issued by the government and the central bank to support customers affected by Covid-19 has prevented the type of contagion that occurred during the global financial crisis in 2008.
08:02, 2020/10/08
Vietnam stock market predicted to go sideways after strong performance in Sept
The price to earnings (P/E) of the benchmark VN-Index is not quite cheap to attract new inflows as it is 15.1x (as of 30 September) versus 14.5x – 15x in the pre-Covid time.
16:27, 2020/10/07
Consumers in Hanoi use more multiple e-wallets than in other locations: Survey
Half of the surveyed people in Hanoi use single e-wallet like those in Ho Chi Minh City do.
11:20, 2020/10/07
Vietnam honors 30 largest taxpayers
The average tax contribution from 30 enterprises in the list is estimated at VND3 – 6 trillion (US$130 – 260 million) per year in the 2015 – 2019 period.
10:02, 2020/10/06
Vietnam inflationary pressures predicted to remain weak in 2020 – 2021
Vietnam’s inflation is set to remain below the government’s 4% threshold for most of the year with its average forecast at 3.5%. This should see the central bank keep lending conditions accommodative into 2021.
23:01, 2020/10/05
Vietnam credit growth could reach 9% by year-end: C.bank
By the end of August, the credit growth was estimated at only 4.75%, but rose to 6.1% one month later, indicating improvements in enterprises’ access to credit.
22:32, 2020/10/05
Vietnam c.bank’s latest policy rate cut to have limited impacts on economy
The decrease in short-term deposit rates at commercial banks was mainly driven by the excess liquidity when credit growth was slow at only 5.12% year-on-year as of September 22.
10:53, 2020/10/05
US initiates probe on Vietnam's alleged currency valuation
The detail of the investigation is scheduled to be made public this week.
16:35, 2020/10/03
ASEAN committed to deepening financial cooperation amid Covid-19 pandemic
ASEAN affirmed its priorities in maintaining the movements of goods and services, and cooperation is the key to help the bloc overcome the pandemic.
00:23, 2020/10/02
Banking post Covid: five things that will and won’t change
Covid has made us focus as a society collectively on a range of ways of new solutions to familiar problems in order to help live our lives during a pandemic.
11:19, 2020/10/01
Vietnam c.bank cuts policy rates, the fourth time in 2020
The interest rate cap for deposits with maturities of one month to less than six months has been lowered to 4% annually from 4.25%.
16:40, 2020/09/29
Vietnam September inflation slows to 5-year low at 0.12%
Core inflation comes at 2.59% year-on-year in the first nine months of 2020.